10 Nov 2025 | 5 Mins Read
Lenskart IPO GMP falls ahead of listing
Flipitmoney
Lenskart Solutions' ₹7,278-crore IPO was subscribed 28 times, driven by institutional investors, with the issue priced at ₹382-₹402 per share. Proceedings will be used for retail expansion, technology strengthening, and marketing. Analysts raise concerns over the steep valuation of around 230 times P/E ratio, with Ambit Capital initiating a 'Sell' rating and a target price of ₹337.