Lenskart IPO: The initial public offering (IPO) of eyewear company Lenskart Solutions Ltd received strong demand from investors despite concerns over lofty valuations. As the bidding period has ended, applicants now focus on the Lenskart IPO allotment date, which is likely soon.
The much-hyped Lenskart IPO was open for subscription from October 31 to November 4. Lenskart IPO allotment date can be announced anytime soon. However, as November 5 is a stock market holiday today, Lenskart IPO allotment date is likely November 6, Thursday. The IPO listing date is November 10, and Lenskart shares will be listed on both the stock exchanges, BSE and NSE.
Lenskart IPO allotment status will soon be finalised by the company. Once the basis of share allotment is fixed, it will then credit the equity shares into the demat accounts of eligible allotment holders and initiate refunds to unsuccessful bidders on November 7.
Investors can check Lenskart IPO allotment status online through the websites of BSE and NSE, along with the official portal of the IPO registrar. MUFG Intime India Pvt. Ltd. is the Lenskart Solutions IPO registrar.
In order to do Lenskart IPO allotment status online check, investors must follow a few simple steps mentioned below. Here are the steps to check Lenskart IPO allotment status online.
Lenskart IPO Allotment Status Check BSE
Step 1] Visit BSE website on this link – https://www.bseindia.com/investors/appli_check.aspx
Step 2] Select ‘Equity’ in the Issue Type
Step 3] Choose ‘Lenskart Solutions Limited’ in the Issue Name dropdown menu
Step 4] Enter either Application No. or PAN
Step 5] Verify by ticking on ‘I am not robot’ and click on ‘Search’
Your Lenskart IPO allotment status will be displayed on the screen.
Lenskart IPO Allotment Status Check NSE
Step 1] Visit NSE allotment status page on its website here – https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
Step 2] Select ‘Equity and SME IPO bids’
Step 3] Choose ‘Lenskart Solutions Limited’ from the Issue Name dropdown menu
Step 4] Enter your PAN and Application Number
Your Lenskart IPO allotment status will be displayed on the screen.
Lenskart IPO Allotment Status Check MUFG Intime
Step 1] Visit IPO registrar website on this link – https://in.mpms.mufg.com/Initial_Offer/public-issues.html
Step 2] Choose ‘Lenskart Solutions Limited’ in the Select Company dropdown menu
Step 3] Select among PAN, App. No., DP ID or Account No.
Step 4] Enter the details as per the option selected
Your Lenskart IPO allotment status will be displayed on the screen.
Lenskart IPO GMP Today
The trends for Lenskart shares in the unlisted market remains upbeat with a decent grey market premium (GMP). According to portals tracking the grey market, Lenskart IPO GMP today is ₹42 per share. This indicates that in the grey market, Lenskart shares are trading higher by ₹42 apiece than their issue price.
Lenskart IPO GMP today signals that the estimated listing price of the shares would be ₹444 apiece, which is at a premium of more than 10% to the issue price of ₹402 per share.
Lenskart IPO Subscription Status, Key Details
Lenskart is India’s largest and amongst the top two players in Asia in the organized retailers of prescription eyeglasses in terms of B2C eyeglasses sales volumes. The Peyush Bansal-led company launched its IPO on Friday, October 31, which ended on Tuesday, November 4. Lenskart IPO allotment date is likely November 6, Thursday, and the IPO listing date is November 10, Monday. Lenskart shares will be listed on BSE and NSE.
The eyewear company raised ₹7,278.02 crore from the public issue which was a combination of fresh issue of 5.35 crore equity shares worth ₹2,150 crore, and an offer-for-sale (OFS) component of 12.76 crore shares amounting to ₹5,128.02 crore. Lenskart IPO price band was ₹382 to ₹402 per share.
Lenskart IPO was subscribed 28.26 times in total, NSE data showed. The public issue was subscribed 7.54 times in the Retail Individual Investors (RIIs) category, and 18.23 times in the Non Institutional Investors (NII) segment. The Qualified Institutional Buyers (QIBs) category received a 40.35 times subscription.
Axis Capital, Kotak Mahindra Financial, Morgan Stanley India, Avendus Capital, Citigroup Global, and Intensive Fiscal are the book running lead managers, while MUFG Intime India Pvt. Ltd. is the Lenskart IPO registrar.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
