Archive · 29 Oct 2025
Orkla, Studds, Lenskart IPOs Compared on Listing Gains and Expert Advice
Three companies, Orkla India, Studds Accessories, and Lenskart, are having public sales of their shares called IPOs.
People want to know if these shares will be worth more when they start trading on the stock market.
We look at something called the 'grey market premium' (GMP), which is like a bet on how much the shares might increase in value.
Orkla, which sells spices, had a decent start.
Studds makes helmets and has few competitors, and its IPO is priced competitively.
Lenskart sells glasses, is a tech company, and has a 'buy one get one free' offer, but its valuation is considered high and its market share is small.
An expert thinks Studds is the safest bet because of its good pricing and simple business, while the others are more uncertain.
Orkla India, Studds Accessories, and Lenskart are launching IPOs, with investors assessing their potential listing gains.
Grey Market Premiums (GMP) suggest potential listing gains of 10.55% for Orkla, 9.40% for Studds, and 16.42% for Lenskart.
Orkla India operates in the competitive spices and ready-to-eat food sector as a brand owner, manufacturer, and marketer.
Studds Accessories is a major helmet producer with limited competition and a straightforward business model, noted for competitive pricing.
Lenskart Solutions is a tech-enabled eyewear company with a unique 'buy one get one free' offer but faces high valuation and a competitive landscape.
- Who
- Orkla India, Studds Accessories, and Lenskart Solutions
- What
- Launching Initial Public Offerings (IPOs) with comparisons of Grey Market Premiums (GMP) and expert opinions on potential listing gains and company valuations.
- When
- Orkla India IPO started subscription; Studds Accessories IPO launches tomorrow; Lenskart Solutions IPO launches Friday.
- Where
- The IPOs will be listed on stock exchanges.
- Why
- To allow investors to gain exposure to these companies and for promoters to divest stakes, amidst a period of multiple IPOs entering the market.
Concerns and Risks
Strengths and Opportunities
Market and Competition
Concerns and Risks
Orkla India faces a highly competitive market for spices and ready-to-eat foods with no dominant player. Lenskart operates in a competitive landscape with a single-digit market share.
Strengths and Opportunities
Studds Accessories has limited competition in the helmet manufacturing sector and is a major player. Orkla India is a brand owner, manufacturer, and marketer. Lenskart offers a unique 'buy one get one free' proposition and is tech-enabled.
Valuation and Pricing
Concerns and Risks
Orkla India's IPO might be considered pricey. Lenskart IPO valuation is high, with a revenue multiple close to 10.5.
Strengths and Opportunities
Studds Accessories IPO is priced competitively relative to the market, and its business model is straightforward with limited risk, making it appear as a safer investment. Studds is also seen as reasonably sized with a solid market share.
IPO Structure and Scale
Concerns and Risks
Orkla India's IPO is entirely an Offer for Sale (OFS) and smaller in scale compared to many other offerings, although its issue size is large at ₹1,600 crore. Lenskart's IPO activity has been volatile.
Strengths and Opportunities
Studds Accessories IPO is also an OFS, but noted for its straightforward business model and lack of excessive hype, suggesting reliable potential gains.
- Orkla India IPO GMP
- ₹77
- Orkla India Estimated Listing Price
- ₹807 (10.55% higher than IPO price)
- Studds Accessories IPO GMP
- ₹55
- Studds Accessories Estimated Listing Price
- ₹640 (9.40% higher than IPO price)
- Lenskart IPO GMP
- ₹66
- Lenskart Estimated Listing Price
- ₹468 (16.42% higher than IPO price)
- Orkla India Issue Size
- ₹1,600 crore
- Lenskart Revenue
- ₹6,500 crore
- Lenskart Valuation (at upper price band)
- ₹70,000 crore
Sources
Helmet Giant, Studds Accessories IPO: Price Band, GMP Today And Key Dates For Investors
India’s helmet king hits the IPO track—can Studds shift gears for growth?
Lenskart Vs Studds Accessories IPO: Which is a better bet? 5 ‘must know’ details before you subscribe
