Groww, Lenskart IPO Highlights: Groww IPO Halfway Subscribed; Lenskart IPO Subscribed 28.26 Times

IPO LIVE: Groww IPO Opens, Lenskart IPO Closes. Track live subscription data, Grey Market Premium (GMP), and all the action for both mega issues.

Groww And Lenskart IPOs In Focus On Tuesday. (Photo: NDTV Profit)

It's a big day for IPO investors, with two big companies in focus: Groww and Lenskart. Bidding for the Groww IPO has closed at 5 p.m. Though, the action doesn't stop there, as it is also the third and final day for Lenskart's Rs 7,278 crore IPO. The subscription window for the eyewear retailer closes later in the evening.

Lenskart IPO Subscription Status Live Updates: IPO Subscribed 28.26 Times

The Lenskart IPO has now closed for bidding. As of 7 p.m. IPO was subscribed 28.26 times on its last day.

  • Qualified Institutional Buyers (QIBs): 40.35 times

  • Non Institutional Investors (NIIs): 18.23 times

  • Retail Individual Investors: 7.53 times

  • Employee Reserved: 4.96 times

Lenskart IPO GMP Goes Down

The Grey Market Premium for Lenskart IPO has gone down to Rs 49 as of 5:57 p.m. indicating a listing price at Rs 451, with a premium of Rs 12.19%.

(Source: Investorgain.com)

Lenskart IPO Subscription Status Live Updates

Lenskart IPO has been subscribed 28.26 times as of 5:03 p.m.

  • Qualified Institutional Buyers (QIBs): 40.35 times

  • Non Institutional Investors (NIIs): 18.23 times

  • Retail Individual Investors: 7.53 times

  • Employee Reserved: 4.96 times

Groww IPO Subscription Status Live Updates

The first day of bidding for the IPO has come to a close with 57% subscriptions.

  • Qualified Institutional Buyers (QIBs): 10%

  • Non Institutional Investors (NIIS): 59%

  • Retail Individual Investors: 1.91 times

Groww IPO Subscription Status Live Updates

The Groww IPO has been subscribed 54% as of 4:24 p.m.

  • Qualified Institutional Buyers (QIBs): 10%

  • Non Institutional Investors (NIIS): 55%

  • Retail Individual Investors: 1.85 times

Lenskart IPO Subscription Status Live Updates

The Lenskart IPO has been subscribed 24.74x as of 03.30 p.m.

  • Qualified Institutional Buyers (QIBs): 34.41x

  • Non Institutional Investors (NIIs): 17.63x

  • Retail Individual Investors: 6.85x

Groww IPO Live Updates: Subscription Update

The Groww IPO has been subscribed 48% as of 03:12 p.m.

  • Qualified Institutional Buyers (QIBs): 10%

  • Non Institutional Investors (NIIS): 43%

  • Retail Individual Investors: 1.67x

Lenskart IPO Subscription Status Live Updates

The Lenskart IPO has been subscribed 15.95x as of 03.00 p.m.

  • Qualified Institutional Buyers (QIBs): 19.19x

  • Non Institutional Investors (NIIs): 15.94x

  • Retail Individual Investors: 6.51x

Groww IPO Live Updates: Subscription Update

The Groww IPO has been subscribed 40% as of 02:42 p.m.

  • Qualified Institutional Buyers (QIBs): Nil

  • Non Institutional Investors (NIIS): 41%

  • Retail Individual Investors: 1.58x

Lenskart IPO Subscription Status Live Updates

The Lenskart IPO has been subscribed 10.19x as of 02.30 p.m.

  • Qualified Institutional Buyers (QIBs): 10.28x

  • Non Institutional Investors (NIIs): 12.79x

  • Retail Individual Investors: 6.16x

Groww IPO Live Updates: Subscription Update

The Groww IPO has been subscribed 37% as of 02:13 p.m.

  • Qualified Institutional Buyers (QIBs): Nil

  • Non Institutional Investors (NIIS): 37%

  • Retail Individual Investors: 1.47x

Lenskart IPO Subscription Status Live Updates

The Lenskart IPO has been subscribed 8.81x as of 01.55 p.m.

  • Qualified Institutional Buyers (QIBs): 8.89x

  • Non Institutional Investors (NIIs): 10.58x

  • Retail Individual Investors: 5.74x

Groww IPO Live Updates: Subscription Update

The Groww IPO has been subscribed 35% as of 01:53 p.m.

  • Qualified Institutional Buyers (QIBs): Nil

  • Non Institutional Investors (NIIS): 35%

  • Retail Individual Investors: 1.39x

Groww IPO Live Updates: Retail Portion Fully Subscribed!

A strong start for Groww IPO, with the retail portion being fully subscribed just hours after the issue opened for subscription. As of 12:45 p.m, the retail subscription for Groww IPO stands at 1.15x.

Groww IPO Live Updates: Subscription Update

The Groww IPO has been subscribed 28% as of 12:42 p.m.

  • Qualified Institutional Buyers (QIBs): Nil

  • Non Institutional Investors (NIIS): 27%

  • Retail Individual Investors: 1.14x

Lenskart IPO Subscription Status Live Updates

The Lenskart IPO has been subscribed 5.15x as of 12.30 p.m.

  • Qualified Institutional Buyers (QIBs): 4.21x

  • Non Institutional Investors (NIIs): 6.95x

  • Retail Individual Investors: 4.99x

Lenskart IPO GMP Live Updates: GMP At Rs 49

The GMP for Lenskart Solutions IPO was Rs 49 as of 12 p.m. on Tuesday, indicating a listing gain of about 12%.

Groww IPO Live Updates: Subscription Update

The Groww IPO has been subscribed 22% as of noon.

  • Qualified Institutional Buyers (QIBs): Nil

  • Non Institutional Investors (NIIS): 21%

  • Retail Individual Investors: 92%

Lenskart IPO Subscription Status Live Updates

The Lenskart IPO has been subscribed 3.02x as of 11.21 a.m.

  • Qualified Institutional Buyers (QIBs): 1.65x

  • Non Institutional Investors (NIIS): 4.83x

  • Retail Individual Investors: 4.37x

Groww IPO Live Updates: Subscription Update

The Groww IPO has been subscribed 16% as of 11.21 a.m.

  • Qualified Institutional Buyers (QIBs): Nil

  • Non Institutional Investors (NIIS): 15%

  • Retail Individual Investors: 64%

Groww IPO Live Updates: Anand Rathi's View

At the upper price band, the company is valued at 33.8x FY25 P/E, implying a post-issue market capitalization of Rs 6,17,360 million. Groww seeks to strengthen its pan-India brand by focusing on trust, transparency, and financial inclusion while expanding its customer base organically through word-ofmouth and operating leverage.

The company also plans to diversify its product suite with offerings like MTF, commodity derivatives, API trading, wealth management, LAS, and Bonds to enhance engagement, wallet share, and AARPU.

Considering these factors, the IPO appears fully priced and is rated “Subscribe – Long Term.”

Also Read: Groww IPO: 10 Key Things To Know Before You Bid — Read Anand Rathi's Report

Groww IPO Live Updates: First 15 Minutes

The Groww IPO has been subscribed 3% so far in the first 15 minutes of launch.

  • Qualified Institutional Buyers (QIBs): Nil

  • Non Institutional Investors (NIIS): 3%

  • Retail Individual Investors: 12%

Groww IPO Live Updates: Key Details

  • Dates: Nov. 4-7

  • Price Band: Rs 95-100 per share

  • Lot Size: 150 per lot

  • Issue size: Rs 6,632.30 crore

  • Fresh issue: Rs 1,060 crore

  • OFS: Rs 5,572.30 crore

  • Indicated Valuation: Rs 92,074 crore

  • Date of allotment: Nov. 10

  • Credit To Demat: Nov. 11

  • Listing Date: Nov. 12

Groww IPO Live Updates: What's In Store?

Discount stockbroker Groww's parent company Billionbrains Garage Ventures Ltd. is set to open its initial public offering worth Rs 6,632 crore for subscription on Tuesday.

The Groww IPO offer consists of a fresh issue of up to Rs 1,060 crore and an offer for sale of 55.7 crore shares worth up to Rs 5,572 crore.

Investors can place bids in the price range of Rs 95 and Rs 100, according to a public advertisement.

Can Groww help continue the ongoing IPO frenzy in India?

Lenskart IPO Live Updates: The Story So Far

Despite a brewing social media storm that is attacking Lenskart Solutions Ltd. for its expensive valuations, the eyewear brand is seeing strong subscription for its Rs 7,000 crore-plus initial public offering on the back of a strong grey market premium and high-growth prospects.

Lenskart's offer had demands 2.02 times higher than the shares on offer, with retail investors bidding for 3.3 times more shares than they are being offered. Institutions too, have bid 1.6 times against their quota, while non-institutional investors have placed bid 1.9 times their share.

Also Read: Lenskart IPO Sees Strong Demand Despite Stretched Valuations: Investors Bet On 'Zomato-Like' Growth

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