Lenskart IPO GMP falls on final day of public bidding, latest details here

Lenskart's initial public offering (IPO) with an issue size of Rs 7278.02 crore closed the subscription window on October 4. 

 

The IPO session, which commenced on October 31, was open till November 4 for investors to make a minimum investment of Rs 14,134 for a lot of 7 shares. 

 

IPO details:

The price range is set at Rs 382-402 for each share. Investors who have applied for the IPO and who are allotted the shares will get to know the allotment status on November 6 and the listing of shares is expected to take place on November 10. 

 

Subscription status:

As per the official website of NSE, Lenskart IPO was subscribed a total of 28.26 times. Qualified Institutional Buyers subscribed 40.35 times, Non Institutional Investors subscribed 18.23 times and Retail Individual Investors subscribed 7.53 times. 

 

GMP Details:

As per various media reports, the grey market premium (GMP) of the Lenskart IPO currently stands at Rs 59. With an upper-end band price of Rs 402 and a GMP of Rs 59, investors can expect a listing gain of around 15 per cent. As per Mint, the highest GMP for Lenskart at one point was Rs 108. 

 

About Lenskart:

Lenskart is a tech-driven eyewear company with operations spanning the designing, manufacturing, branding and retailing of eyewear products. 

 

The IPO is a combination of fresh issue of shares and an offer for sale (OFS) of 12,76 crore shares. 

 

The amount garnered from the OFS will be diverted to the promoter selling shareholders in proportion to the number of shares offered by them for sale, as per Groww. 

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