Lenskart IPO Sees Massive 26x Oversubscription as Investors Bet Big on India’s Eyewear Giant
Lenskart IPO closes with 26.4x oversubscription, signaling strong investor demand and optimism in India’s booming consumer tech sector.
TheInterviewTimes.com | Mumbai | November4, 2025 — India’s primary market witnessed a major highlight on Tuesday as two of the most awaited public issues—Lenskart IPO and Groww IPO—entered their respective phases. The Lenskart IPO, in particular, drew exceptional investor interest, underscoring robust faith in India’s digital transformation and the strength of consumer-tech-driven growth stories.
Lenskart IPO Closes 26.4 Times Oversubscribed
Founded in 2008, Lenskart, the omnichannel eyewear retail brand, successfully concluded its ₹7,278 crore Lenskart IPO on Tuesday afternoon. The issue received overwhelming participation, with total subscriptions reaching 26.4 times the available shares.
Among the investor segments, Qualified Institutional Buyers (QIBs) led the rally at 37.19 times, followed by Non-Institutional Investors (NIIs) at 17.63 times, and Retail Investors subscribing 6.85 times their quota.
Despite its rich valuation—priced at nearly 535 times FY25 earnings—the company’s dominant market position, brand recognition, and growth trajectory kept sentiment bullish. The grey market premium (GMP), however, saw a slight dip from ₹95 to ₹58, suggesting an anticipated listing gain of around 14.4%. Market experts viewed this as a realistic outcome amid high demand and moderated short-term expectations.
According to analysts, Lenskart IPO investors are focusing more on long-term scalability than short-term valuation concerns. “Even with revenue growth slowing to 17% in FY25 from 46% a year earlier, the company’s leadership in India’s fragmented eyewear industry remains a major advantage,” said Tiwari, a research analyst at Bonanza.
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Lenskart IPO and Groww IPO Reflect Market Divergence
While the Lenskart IPO enjoyed overwhelming success, the Groww IPO—worth ₹6,632 crore—opened with a more tempered response. Founded in 2017 by ex-Flipkart executives, Groww saw its issue subscribed about 48% by midday, though retail participation was healthy at 1.67 times.
Institutional investors showed measured optimism amid ongoing market volatility. The Groww IPO grey market premium hovered between ₹17–18, indicating potential listing gains of 17–18%. Shares are expected to list on November 12, two days after Lenskart IPO hits the exchanges.
Groww’s valuation, at 33.8 times FY25 earnings, appears relatively high compared to industry peers like Angel One, trading at 19x earnings. Yet, the fintech firm’s strong financials—₹3,901 crore revenue and ₹1,824 crore profit in FY25—make it attractive to investors betting on India’s expanding digital finance ecosystem.
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Market Experts See Strong Signal from Lenskart IPO
Analysts say the Lenskart IPO oversubscription highlights a broader trend of investors gravitating toward strong, consumer-facing brands with digital reach. It also signifies faith in India’s consumption-driven growth, despite global economic headwinds.
“The extraordinary response to Lenskart IPO demonstrates investor confidence in India’s retail-tech space, where organized players continue to capture market share,” said a market strategist. “Even as valuations appear rich, the long-term opportunity in eyewear and digital retail remains compelling.”
Future Outlook
The twin debuts of Lenskart IPO and Groww IPO have set the tone for India’s upcoming IPO pipeline. Lenskart is scheduled to list on November 10, followed by Groww on November 12. Analysts believe the market’s reaction to these listings will influence investor sentiment for subsequent high-profile issues in late 2025.
As India’s capital market continues to deepen, Lenskart IPO stands out as a testament to investor confidence in companies that merge technology, retail, and scalable business models. The company’s ability to dominate the eyewear market through an omnichannel strategy—spanning online platforms, offline stores, and affordable pricing—cements its place among India’s leading new-age consumer brands.
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Conclusion
The Lenskart IPO has not only captivated investors but also signaled renewed energy in India’s IPO landscape. Its remarkable oversubscription reflects strong confidence in the company’s fundamentals and the larger Indian consumption story. With listing gains expected and future growth prospects intact, Lenskart IPO emerges as one of the most defining market events of 2025.