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
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