Lenskart IPO listing Live Updates: GMP sees steep fall ahead of Lenskart market debut

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Lenskart clocked Rs 6,653 crore in revenue in 2024-25 (FY25) and turned profitable (Rs 297 crore) for the first time. (Photo: https://www.lenskart.com/stores)Lenskart IPO listing Live Updates: Lenskart Solutions IPO set for its market debut today, with its shares listing on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). Ahead of the listing, its grey market premium (GMP) plunged nearly 95% to Rs 6.5 from the peak at Rs 108 and is now up just to Rs 10.The Rs 7,278.76-crore IPO was subscribed 28 times within October 31-November 4 bidding window. The grey market premium (GMP), which had touched a high of Rs 108 on October 27, fell sharply in the following weeks to touch Rs 6.5 on November 8, according to investorgain. The GMP is the price at which an IPO is traded in an unofficial or unregulated grey market before it is officially listed at the stock exchange.Story continues below this adLenskart is Indian eyewear firm that sells eyeglasses, sunglasses, and contact lenses through both online and offline stores. Priced in the range of Rs 382-Rs 402 per share, the company aimed at raising funds through a fresh issue of Rs 2,150 crore and an offer for sale of 12.75 crore shares.Live Updates© IE Online Media Services Pvt LtdTags:Lenskart