India, Nov. 10 -- The grey market premium for shares of Lenskart Solutions Ltd. has crashed to zero ahead of listing today, even as Peyush Bansal said he didn't build the company to reach a valuation.

At 5:55 am on Monday (10 November 2025), the Lenskart GMP stood at Rs.10 over and above the IPO price of Rs.402, implying a listing-day gain of 2.49% It had fallen for three straight days following the allotment of shares on 6 November. That's a dramatic reversal from the 25% listing gain implied before the IPO.

To be sure, GMP is a signal, not a guarantee. It reflects what traders are willing to pay for an IPO-bound stock in the unofficial market-it doesn't guarantee listing day gains. GMP can swing dramatically as it's detached from fund...