FMCGPre-market
Lenskart IPO GMP drops 70% ahead of listing
pre-market1 source ↓written by the desknot a recommendation
- before its listing
- 70%
- oversubscription
- 28.3 times
- including
- 14.7% EBITDA margins
The IPO of Lenskart has seen its grey market premium (GMP) decline 70% before its listing, indicating trader caution despite a 28.3 times oversubscription. Analysts cite high valuations and weak market sentiment as key factors. Lenskart's strong fundamentals, including 14.7% EBITDA margins, contrast with concerns over modest listing gains.
Not investment advice. For informational purposes only.