The IPO season continues to heat up on Dalal Street as Orkla India, Studds Accessories, and Lenskart Solutions hit the markets one after another. Investors are closely tracking grey market premium (GMP) trends and expert opinions to decide where to invest for the best listing gains. Here’s a detailed comparison of all three IPOs — their GMPs, valuations, and expert recommendations.

Orkla India IPO GMP and Listing Expectations

The Orkla India IPO GMP today is ₹77, indicating positive investor sentiment. Considering the upper price band of ₹730 per share, the estimated listing price is around ₹807, suggesting potential listing gains of 10.55%.

Analysts believe Orkla’s strong brand portfolio — including MTR and Eastern — supports long-term growth in India’s packaged food and spice segment. However, since the IPO is 100% Offer for Sale (OFS), some investors remain cautious about near-term upside.

Studds Accessories IPO GMP and Market View

The Studds Accessories IPO GMP stands at ₹55, with an estimated listing price of ₹640, offering a potential gain of 9.4% from its upper price band of ₹585.

Studds is India’s leading helmet and two-wheeler accessories manufacturer, holding a dominant share in a sector that still has low penetration in India. Experts consider it a fundamentally strong business with a simple and scalable model. Although the IPO is smaller in size, its reasonable valuation and niche leadership make it a comparatively safer bet.

Lenskart IPO GMP and Expert Insights

The Lenskart IPO GMP today is ₹66, hinting at a listing price near ₹468, around 16.4% higher than the IPO price of ₹402 per share.

Lenskart’s business model combines e-commerce, retail, and tech-driven eyewear solutions. However, experts caution that the IPO valuation appears expensive, with the company trading at a revenue multiple of over 10x. The grey market has also shown volatile activity, suggesting uncertain short-term returns despite the brand’s popularity.

Expert Comparison: Which IPO Looks Better?

Market analyst Arun Kejriwal highlights that the three IPOs operate in completely different sectors — food and spices, helmets, and eyewear — making direct comparison challenging.

He adds that:

  • Orkla India IPO: Large issue size, decent fundamentals, but pricey and entirely OFS.

  • Studds Accessories IPO: Small, fairly priced, and enjoys a clear business model — the safest among the three.

  • Lenskart IPO: High valuation and volatile GMP make it a high-risk, high-reward option.

“Among the three, Studds Accessories IPO appears the safest with moderate valuation and limited downside risk,” Kejriwal concluded.

Final Verdict

With multiple IPOs launching this week, investors should analyze risk appetite and listing potential before subscribing.

  • Low-risk investors: Studds Accessories IPO

  • Moderate-risk investors: Orkla India IPO

  • High-risk, growth-oriented investors: Lenskart IPO

Each IPO offers distinct sectoral exposure, but Studds Accessories IPO currently holds the best balance of valuation and safety.

Disclaimer: This article is for informational purposes only. The views expressed belong to market experts. Always consult certified financial advisors before making investment decisions.