By Admin 
Lenskart IPO: The much-awaited Initial Public Offering (IPO) of spectacles manufacturing company Lenskart was listed in the Indian stock market on Monday, November 10. The company disappointed investors and got listed with a decline of about 3 percent from its issue price.
The company was listed with a decline on both the major benchmark indices. The company’s shares started trading at Rs 390 on BSE and Rs 395 on NSE. The company had fixed the issue price at Rs 402 on BSE and NSE.
The company disappointed the investors
Lenscort IPO received a very good response from investors. The IPO got 28 times subscribers. The company had raised Rs 3268.36 crore from anchor investors. Talking about the figures, IPO got maximum number of subscribers in retail category by 7.56 times, in QIB category by 40.36 times and in NII category by 18.23 times.
The company had fixed the lot size of 37 shares. Investors had to spend Rs 14874 in lump sum. Amidst all this, when the shares were listed, it caused losses to the investors. The company IPO was listed with a decline of about 3 percent.
Lenscort’s condition in the stock market
Shares of Lenscort were trading at Rs 410.20, up 2.04 per cent, on BSE at around 12:15 pm on Monday, November 10. The company’s shares had reached a high level of Rs 413.80 in the trading day so far. The company’s shares were trading at Rs 410.10 on NSE with a rise of 2.01 percent.
What do market experts say?
At the time of listing, the market cap of Lenskart had crossed Rs 68 thousand crore. However, there was not much fluctuation in the shares in the initial trading. According to the information received in various media reports, experts believe that the shares of the company can give good returns in the coming time, because the eyewear market in India is around Rs 50 thousand crores. Investors investing for a long time may benefit.
Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)
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