Lenskart IPO: Grey Market Premium Crashes to Zero Ahead of Market Debut Despite Strong Subscription

Eyewear retailer Lenskart Solutions is set to make its much-anticipated stock market debut on Monday, November 10, but the pre-listing buzz has cooled dramatically. The grey market premium (GMP) — a key indicator of investor sentiment ahead of listing — has fallen to zero, suggesting a flat debut despite robust demand during the IPO subscription window. Advertisement

The GMP, which had once touched a high of ₹108 per share, implying a potential listing gain of more than 25%, has now completely eroded. This means the stock is expected to list around ₹402 per share, matching the upper end of the issue price band (₹382–₹402).

Lenskart’s ₹7,278 crore IPO drew strong investor participation,

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