Shares of Lenskart are trading at a premium of ₹59 in the grey market today, indicating a potential listing gain of around 15% when the stock debuts on the bourses on November 10.

The grey market premium (GMP), which was around ₹95 when the issue opened for subscription on October 31, has eased since then.

However, analysts caution that GMPs are merely indicative of market sentiment and tend to fluctuate sharply before listing.

Lenskart's IPO witnessed decent investor interest in the first two days of bidding, with the issue subscribed 2.01 times at the end of Day 2.

Among categories, the retail portion was subscribed 3.33 times, followed by non-institutional investors (NIIs) at 1.88 times and qualified institutional buyers (QIBs) at 1.64 times.

All you need to know about Lenskart I

See Full Page