‘Water shortage, lift issues’: Bengaluru resident lists 17 ‘nightmares’ faced within 1 year of flat ownershipThe homeowner, among other issues, alleged that they faced problems with the water supply, the lift, and power cuts. Published on: May 22
Bengaluru founder shares video of electric pole bursting during heavy rain in Indiranagar: 'Electric wires go brrrr'Fresh evening showers lashed several parts of Bengaluru on Thursday. Updated on: May 21, 2026 10:53 PM IST By Bhavya Sukheja Share via Copy link A Bengaluru founder’s video showing
Manipur police chief appointed security secretary at CentreThe Centre appoints Manipur police chief Rajiv Singh as Secretary (Security), overseeing VIP protection amid ongoing ethnic clashes in the state. Published on: May 22, 2026 7:14 AM IST By HT Correspondent Share via Copy link The Centre on
The X account of satirical political campaign Cockroach Janta Party was blocked in India “in response to a legal demand”. The social media campaign, which began on Saturday in response to comments made by Chief Justice Surya Kant, describes itself as a “political front of the youth
Don't take Bangladeshi infiltrators to courts, send them to BSF instead: Suvendu to Bengal policeAdhikari also said that a weekly report on the number of such detainees would have to be submitted to the Chief Minister's Office through the DGP. Updated on: May 22
IPO GMP, Allotment Status Today Live Updates: Lenskart Gets 28.27x Subscription On Day 3; Groww Subscribed By 0.57x
IPO GMP, Allotment Status Today Live Updates: Lenskart Gets 28.27x Subscription On Day 3; Groww Subscribed By 0.57x
IPO GMP Today, Subscription, Allotment Status Live Updates: The primary market remained active on Tuesday, November 4, with investors tracking developments across multiple IPOs — Lenskart Solutions Ltd (which is witnessing its final day of bidding) and Studds Accessories Ltd (which closed yesterday and will see allotment today). Additionally, the Orkla India IPO allotment has been finalised. Meanwhile, fintech firm Pine Labs has confirmed its price band at Rs 210-Rs 221 per share for its Rs 3,900-crore IPO. The issue opens on November 7 and closes on November 11, 2025.
Lenskart Solutions IPO
Eyewear retailer Lenskart Solutions enters its third day of bidding today, Tuesday, November 4. The Rs 7,278-crore IPO has a price band of Rs 382–Rs 402 per share. The issue's GMP hints at Rs 64–65, implying ~16% listing gain.
Studds Accessories IPO
The IPO of Studds Accessories Ltd, a leading helmets and riding-gear manufacturer, closed on Monday, November 3. The Rs 455-crore issue, priced at Rs 557–Rs 585 per share, saw healthy participation, valuing the company at around Rs 2,300 crore at the upper band.
Orkla India IPO – Share Allotment
Orkla India, a Bengaluru-based food products company, has finalised the basis of allotment for its initial public offering (IPO) and Investors, who applied for the issue, have received notifications regarding the debit of their funds or revocation of their IPO mandates by today, that is Tuesday, 4 November.
Groww IPO
Parent company of investment platform Groww, Billionbrains Garage Ventures, has opened its Rs 6,632-crore IPO for subscription today, November 4, after a special early retail window on November 3. The price band is Rs 95–Rs 100 per share, valuing the fintech firm at over Rs 61,700 crore (~$7 billion). The issue will remain open until November 7.
State Bank of India (SBI), the country's biggest lender, on Tuesday reported a 10 per cent improvement in standalone profit to Rs 20,160 crore in the quarter ended September 30, 2025. Its total income increased to Rs 1,34,979 crore, from Rs 1,29,141 crore in the second quarter of the last fiscal year.
The bank had earned a profit of Rs 18,331 crore in the July-September quarter a year ago.
Interest earned during the period increased to Rs 1,19,654 crore, from Rs 1,13,871 crore in the same quarter a year ago.
Following the results, the shares of State Bank of India rose nearly 1% to trade at Rs 9.58.45 apiece on the NSE.
The grey market premium of Groww (Billionbrains Garage Ventures Ltd) rose to Rs 17.25, or a 17.25% premium over the issue price of Rs 100.
The grey market premium of Lenskart Solutions remains stable at Rs 60, or a 14.93% premium over the issue price of Rs 402.
Qualified Institutional Buyers (QIBs): 19.85x
Non-Institutional Investors: 16.20x
Retail Individual Investors(RIIs): 6.60x
Total: 16.40x
Qualified Institutional Buyers (QIBs): 0.10x
Non-Institutional Investors: 0.43x
Retail Individual Investors(RIIs): 1.65x
Total: 0.47x
Qualified Institutional Buyers (QIBs): Nil
Non-Institutional Investors: 0.35x
Retail Individual Investors(RIIs): 1.41x
Total: 0.35x
Qualified Institutional Buyers (QIBs): 5.8x
Non-Institutional Investors: 10.71x
Retail Individual Investors(RIIs): 8.91x
Total: 8.82x
Qualified Institutional Buyers(QIBs): NIL
Non-Institutional Investors: 18%
Retail Individual Investors(RIIs) 81%
Total: 20%
Lenskart Solutions entered the final day of its ₹7,278 crore initial public offering on a steady footing, with the issue subscribed 2.94 times as of 11:11 AM on Day 3.
Investors have placed bids for 29.37 crore shares against the 9.97 crore on offer. Non-institutional investors led the demand, subscribing 4.64 times, with bids for 12.58 crore shares against 2.71 crore shares available. Retail investors followed, subscribing 4.28 times with bids for 7.73 crore shares against 1.8 crore shares on offer.
Meanwhile, qualified institutional buyers (QIBs) subscribed 1.65 times, bidding for 8.93 crore shares against the 5.42 crore reserved for the category.
SBI Securities said Lenskart has delivered strong growth across financial and operational metrics while expanding its footprint in the fast-growing domestic eyewear market.
At the upper end of the price band of Rs 402 per share, the brokerage noted that the IPO values the company at FY25 EV/Sales and EV/EBITDA multiples of 10.1x and 68.7x, respectively, based on post-issue capital.
“Valuation of Lenskart seems stretched and hence listing gains are likely to be muted,” SBI Securities said in its note. However, it added that Lenskart's “robust business model” positions it well to tap the underpenetrated organized eyewear segment in India. As the business scales up, profitability could improve over the medium to long term, it said, pointing to the company's consistent margin expansion, from 7.0% in FY23 to 14.7% in FY25.
SBI Securities recommended investors subscribe to the IPO for the long term at the cut-off price, while cautioning that the Street will closely watch Lenskart's trajectory toward profitability, similar to its global peers with stronger margin profiles.
Lenskart Solutions entered the final day of its Rs 7,278 crore initial public offering on a steady footing, with the issue subscribed 2.08 times as of 10:15 AM on Day 3.
Investors have placed bids for 20.78 crore shares against the 9.97 crore on offer. Retail investors led the demand, subscribing 3.44 times, with bids for 6.22 crore shares against 1.8 crore available. Non-institutional investors followed, subscribing 2.06 times with 5.58 crore bids against 2.71 crore shares on offer.
Meanwhile, qualified institutional buyers (QIBs) subscribed 1.64 times, bidding for 8.87 crore shares against the 5.42 crore reserved for the category.
Peyush Bansal may join the growing list of billionaires in India if Lenskart shares, which are priced at Rs 382-402 in the upcoming IPO, crosses Rs 510-level after it lists on stock exchanges next week. The founder-CEO of the eyewear retailer will take home a payout of Rs 824 crore by selling 2.05 crore shares as part of the offer for sale (OFS) at the upper price band of Rs 402.
SBI Securities: “Strong fundamentals, but valuation stretched; limited short-term upside.”
Nirmal Bang: “Expensive but justified given brand strength and execution.”
Institutional and retail investors remain bullish on long-term potential.
India's largest eyewear retailer, Lenskart Solutions, has entered the third and final day of bidding for its Rs 7,278 crore IPO. By the end of Day 2, the issue was subscribed 2.02 times, receiving bids for 20.11 crore shares against 9.97 crore shares on offer.
Groww's public issue is opening in today, November 4.
Public subscription: Runs from November 4 to November 7
Allotment date: Expected on November 10
Refunds & demat credits: On November 11
Listing date: Scheduled for November 12 on both BSE and NSE
The IPO is managed by a consortium of top investment banks, including Kotak Mahindra Capital, J.P. Morgan India, Citigroup Global Markets, Axis Capital, and Motilal Oswal. Their role includes managing subscriptions, pricing, and allotment coordination with institutional investors.
The much-awaited Groww IPO opened for subscription today, November 4, kicking off one of the most closely watched public issues in the fintech space. The three-day bidding window will remain open till Friday, November 7.
Orkla India, a Bengaluru-based food products company, has finalised the basis of allotment for its initial public offering (IPO) and Investors, who applied for the issue, have received notifications regarding the debit of their funds or revocation of their IPO mandates by today, that is Tuesday, 4 November.
Source: News18
Related Posts: Meesho IPO vs Vidya Wires IPO vs Aequs IPO — what GMP signals about these IPOs Groww IPO GMP Falls 75% Ahead Of Allotment NSDL IPO Allotment Status Today IPO GMP Today Shadowfax IPO GMP Gujarat Kidney IPO opens next week — GMP Shadowfax IPO GMP Jumps Ahead Of Launch Groww IPO GMP Recovers Slightly Ahead Of Listing Anondita Medicare IPO allotment date likely today Vikran Engineering IPO allotment date likely today
A US tarot reader predicts what Gemini Season 2026 could bring for each zodiac signAccording to US tarot reader, each zodiac sign has its own message to work with during this Gemini season. Published on: May 21, 2026 10:30 PM IST By Soumi Pyne Share via Copy link The Gemini season comes with fresh
1 minutes ago
The Prime Minister will chair a meeting of the Council of Ministers at Bharat Mandapam during which he will review the government’s performance, schemes, infrastructure projects. Prime Minister Narendra Modi will chair a meeting of the entire Council of Ministers at Bharat Mandapam in New Delhi
2 minutes ago
Hit Netflix show Emily in Paris is to end after its sixth season. The streaming giant announced on Thursday the next season of the romance comedy-drama starring Lily Collins will be its last. "Thank you for letting us be a part of your lives, inspiring your dreams of travel and your love of Paris
1 minutes ago
The Union Public Service Commission (UPSC) has released the examination calendar for 2027, announcing the schedule for the Civil Services Examination (CSE), NDA, CDS, Engineering Services, CAPF, and several other major recruitment tests. According to the calendar
2 minutes ago
SpaceX's massive Starship rocket launch was halted just before liftoff on Thursday. Technical problems with the launch pad at Starbase in Texas caused the delay. The company aims for another attempt on Friday if issues are resolved. This test flight is crucial for future moon missions and satellite
2 minutes ago
Love Horoscope Today for May 22, 2026: An old face may return with a message your heart wasn't expectingLove Horoscope Today: Find daily astrological predictions for all sun signs. Published on: May 22, 2026 7:31 AM IST By Kishori Sud Share via Copy link Aries Old emotions may quietly return today
1 minutes ago
Congress is crafting a strategy for Uttar Pradesh assembly elections. The party aims to reach voters beyond Samajwadi Party's reach. Rahul Gandhi will lead the campaign. Congress sees an opportunity with a shifting Dalit electorate. They believe the ruling BJP faces incumbency issues
2 minutes ago
Whistler's Mother is one of the world's most recognisable artworks. Like a viral meme it has been reproduced endlessly, including a Donald Duck cartoon, a Simpsons episode, and Nabokov's Lolita. How and why did it become so famous? Whistler's Mother
1 minutes ago
Time can move very fast in football. The expected omissions of Cole Palmer and Phil Foden from England's World Cup squad are testimony to that. Two years ago it would have been unthinkable that the pair could be left out. Foden started the Euro 2024 final defeat by Spain
2 minutes ago
Snabbit on Thursday announced its entry into the beauty services category with a .Under this, Snabbit will connect customers with trained within minutes, similar to its other domestic services.Over the last six weeks, the company piloted the vertical in Bengaluru’s Sarjapur micromarket
1 days ago
NCDRC awards ₹2 cr to family after woman’s healthy kidney removed in botched surgeryNCDRC awards ₹2 cr to family after woman’s healthy kidney removed in botched surgery Published on: May 21, 2026 5:09 PM IST PTI Share via Copy link New Delhi
1 days ago
An Australian judge fined X Corp. 650,000 Australian dollars (U.S. $465,000) on Thursday (May 21, 2026) for failing to provide information to an online safety watchdog in 2023 about how it tackled child sexual exploitation content. Federal Court Justice Michael Wheelahan also ordered the
1 days ago
HMD has launched its latest budget smartphone in India, the Vibe 2 5G. The device succeeds the original HMD Vibe that was launched last year, and comes with some notable additions, including the Sarvam Indus AI app pre-installed app. The Vibe 2 is a 5G device that targets the affordable smartphone
1 days ago
An external crisis, internal opportunity: What PM Modi's austerity call really meansThis article is authored by Varun Jhaveri is the National Incharge for Policy and Research at the BJP Youth Wing (BJYM). Updated on: May 21, 2026 3:03 PM IST By Varun Jhaveri Share via Copy link When the Prime
1 days ago
parent on Thursday reported a 4X jump in its March quarter consolidated net profit at Rs 79 crore, compared with Rs 19 crore in the year-ago period.The Nykaa operator’s revenue from operations stood at Rs 2,648 crore in Q4 FY26, up 28% from Rs 2
1 days ago
Taiwan leader Lai Ching-te said on Thursday (May 21, 2026) that he would be "happy" to talk to U.S. President Donald Trump, a conversation that would break more than four decades of diplomatic protocol and risk angering China. Mr. Trump told reporters on Wednesday (May 20
1 days ago
Dileep Raj dies after cardiac arrest: Experts warn why relying completely on smartwatches for diagnosis is not safeKannada actor Dileep Raj’s death on May 13 has sparked concerns about over-reliance on wearable health devices. Published on: May 21
1 days ago
Ema Datshi found a massive fan following in India in recent years, especially after actor Deepika Padukone called it her favourite dish. This humble dish from Bhutan that is brimming with cheesey goodness is surprisingly easy to make and has different variations
1 days ago
Mother documents how strangers in France reacted to her fancy Indian looks: 'I am your Devdas, you are my Paro'Pavitra Kaur's video shows her outfits and the enthusiastic reactions of strangers in France – compliments range from movie references to heartfelt exchanges. Published on: May 21
1 days ago
Parents’ wholesome reaction to son's Google job announcement wins hearts. WatchThe video resonated with many social media users, who flooded the comments section with congratulatory messages and emotional reactions. Updated on: May 21, 2026 4:47 PM IST By Bhavya Sukheja Share via Copy link A
1 days ago
Calcutta HC grants Abhishek Banerjee relief in inciting speech case till July 31The Calcutta high court on Thursday granted protection from coercive police action to Trinamool Congress (TMC) MP Abhishek Banerjee until July 31 in the inciting speech case Published on: May 21
1 days ago
The Secrets Revealed in SpaceX’s IPO FilingDocuments related to SpaceX’s initial public offering show the company is unprofitable and CEO Elon Musk controls 85% of the vote. Updated on: May 21, 2026 2:56 PM IST WSJ Share via Copy link SpaceX’s IPO filing sheds light on the finances and
1 days ago
Google has launched Gemini Omni, a multimodal AI model focused on cinematic video generation and conversational editing. The platform can create videos using text, images, audio and video prompts with improved realism and context awareness. Google is positioning Omni as its next big push in
1 days ago
Bengaluru techie builds ‘I GOT FIRED’ button amid AI layoff fears: ‘One click makes company codebase public’The images showed several labelled buttons, including “Gaslight Them,” “Decode Corporate BS,” and a red-highlighted option reading “I GOT FIRED.” Updated on: May 21
1 days ago
What your Dog’s birthdate says about their personality, according to a tarot expertJust like humans carry energetic blueprints, animals also have unique vibrations. In tarot, every birthdate can be connected to a Major Arcana energy. Read on. Updated on: May 21
1 days ago
The Longest Internet Blackout in History Is Crippling Iran’s EconomyThe government’s shutdown has been in place for nearly three months, threatening millions of jobs. Published on: May 21, 2026 5:05 PM IST WSJ Share via Copy link Iranians are enduring the longest and most intense internet
1 days ago
Luxury today looks very different from what it did a decade ago. For millennials and Gen Z, aspirational living is no longer centred around accumulation or ownership. Instead, it is increasingly shaped by experiences that feel immersive, emotionally rewarding and culturally meaningful
1 days ago
