Lenskart IPO created a stir! Amazing interest on second day too, now only one day left to place bets.

Lenskart IPO: Today is the second day of the IPO of eyewear retailer Lenskart. Even on the second day, a lot of interest is being seen among investors regarding this. The issue has been fully subscribed on the first day. So far on the second day, almost 1.5 times (146 percent) has been booked.

According to data available on NSE at 11.15 am, bids were placed for more than 14.6 crore shares as against 9.98 crore shares of the company. Retail investors subscribed to it the most. They booked their reserved portion more than 2 times (224 percent). Qualified Institutional Buyers (QIBs) have subscribed 1.4 times (142 per cent) of the portion reserved for them, while Non-Institutional Investors (NIIs) have booked their entire portion (102 per cent).

When is the listing expected?

Lenskart Solutions’ IPO has both fresh issue and offer-for-sale. The company has launched its IPO to raise Rs 7278 crore by issuing fresh shares worth Rs 2150 crore and selling 12.75 crore shares under the OFS window. This IPO is open from 31st October.

Investors will be able to invest money in it till November 4. At the price band of Rs 382-402 per share, the company wants a valuation of around Rs 70,000 crore. Investors will be able to bid for a minimum of 37 shares, for which an investment of Rs 14,874 is required and then will be able to bid in multiples thereof. The shares can be allotted on November 5 and the listing is expected on the stock exchanges on November 10.

How much is GMP?

The latest gray market premium (GMP) for Lenskart Solutions’ IPO is Rs 85, which is 21.14% higher than the issue price of Rs 402. This shows that the IPO can be listed on the stock exchanges at around Rs 487. Before the opening of the IPO, GMP was around 11.9 percent and now it has increased to beyond 21 percent, which is an indication of the enthusiasm among investors about the company.

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