Lenskart IPO: GMP Falls Amidst Concerns Ahead of Dalal Street Debut

Lenskart, a company that sells glasses and contact lenses, is going to start selling shares of its company on the stock market soon.

Lots of people wanted to buy these shares, so they bought way more than were available, which is good!

This means many people are interested in Lenskart.

However, before the shares officially start trading, there's something called a 'grey market premium' (GMP).

This is like a preview of how much people think the shares will be worth on the first day.

Recently, this preview has shown that the excitement for a big price jump has gone down a bit.

It means the expected profit from buying the shares on the first day is smaller than before.

So, while many people want Lenskart shares, the early signs suggest the price might not jump up as much as some people hoped.