Lenskart, Groww IPOs: GMP crash sparks interest

Business Nov 08, 2025

Lenskart and Groww's recent IPOs started strong but quickly saw their gray market premiums (GMP) tumble by about 75%.
Even with this dip, both companies drew plenty of interest—Lenskart's IPO was oversubscribed nearly 7 times, while Groww's hit 17 times.

Experts advise to focus on fundamentals, not just GMP buzz

Chasing quick gains in unlisted shares can be risky, especially when prices swing between the gray market and actual IPO listings.
For example, Groww's share price dropped from ₹155 to around ₹128 before listing but stayed above its ₹100 offer price.
Experts say it's smarter to focus on a company's real strengths—like profits and transparency—instead of just following GMP hype.