Lenskart IPO GMP surges 27%; Orkla India, Studds command up to 14% premium in unlisted market

Eyewear retailer Lenskart Solutions and helmet maker Studds Accessories are generating strong investor interest in the unlisted market ahead of the opening of their initial public offerings (IPOs) later this week. Meanwhile, Orkla India, the food company that owns popular brands such as MTR, Eastern, and Rasoi Magic, is also commanding a robust grey market premium (GMP).

The Lenskart IPO grey market premium (GMP) rose to ₹111, a 27.6% premium over the IPO price of ₹402, indicating listing price to be around ₹513 per share. Similarly, Orkla India was trading at a premium of ₹106 in the unlisted market, signaling listing to be around ₹836, up 14.5% over the upper end of the IPO price band.

Meanwhile, Studds Accessories maintained a stable GMP of ₹55, implying an estimated listing price of ₹640, a 9.4% premium over its ₹585 issue price.

Here’s all you need to know about upcoming IPOs:

The ₹1,667.54-crore IPO of Orkla India, which is entirely an offer for sale of 2.28 crore shares, will open for subscription on October 29, 2025, and close on October 31, 2025. The allotment for the Orkla India IPO is expected to be finalised on November 3, while shares are expected to be listed on the BSE and the NSE on November 6.

The price band for the Orkla India IPO has been fixed at ₹695-730 per share, and the lot size for an application is 20 and in multiples thereafter. The minimum amount of investment required by a retail investor is ₹14,600 for one lot.  

Meanwhile, Studds Accessories, India’s largest two-wheeler helmet manufacturer, is set to launch its ₹455.49 crore IPO on October 30, 2025, which will close on November 3, 2025. The issue is entirely an offer for sale (OFS) of 0.78 crore shares, with no fresh issue component.

The price band for the IPO has been fixed at ₹557–585 per share, with investors able to bid for a minimum of 25 shares and in multiples thereafter. The market capitalisation of the company at the upper price band is estimated at ₹2,302 crore.

At the upper end of the price band, the minimum application amount for retail investment is ₹14,625. The Delhi-based company has reserved 50% of the offer for qualified institutional buyers (QIBs), up to 35% for retail investors, and remaining 15% for non-institutional investors (NIIs).

On the other hand, Peyush Bansal-led eyewear retailer Lenskart Solutions is set to launch its initial public offering (IPO) on October 31, aiming to raise ₹7,278 crore at a price band of ₹382-402 per equity share. At the upper end of the price band, the market valuation is pegged at around ₹70,000 crore, positioning Lenskart among the country’s most valuable consumer-tech listings in recent years.

The three-day IPO, which closes on November 4, comprises a fresh issue of ₹2,150 crore and an offer for sale (OFS) of 12.76 crore shares worth ₹5,128.02 crore, according to the company’s draft filing.

The anchor book will open on October 30, and the share allotment is likely to be finalised on November 6, with listing on the BSE and the NSE scheduled for November 10.