By Admin 
Lenskart IPO GMP: Today there is a bustling atmosphere in the primary market because the IPO of not one but three big companies is open for subscription today. These include Lenskart IPO, Orkla India IPO and Studds Accessories IPO. Of these, the IPO of Orkla India is closing today. Investors will be able to bid for Lenskart’s IPO till November 4. The company has fixed the price band for the issue between Rs 382 to Rs 402.
How is the response to the IPO?
According to NSE data, this issue of Rs 7,278 crore of eyewear brand Lenskart got 9 percent subscription till 11 am on the first day. That means till now investors have bid for 88.55 lakh shares against the 9.98 crore shares offered. Retail investors have bought 37 percent of their shares. At the same time, non-institutional buyers (NIIs) have bought 8 percent stake and qualified institutional buyers (QIBs) have not made any major bid so far.
How much is GMP?
There is tremendous enthusiasm among investors regarding the IPO of Lenskart in the gray market. According to InvestorGain, before the listing, unlisted shares of Lenskart were trading in the gray market at GMP, 18.41 percent more than the IPO price, which is currently Rs 74. That means a profit of Rs 74 per share is visible on listing of shares in the market. This is more than 17.41 percent a day earlier and 11.94 percent the day before that. IPO Watch has given GMP information till around 11.45.
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.)
Also read: From banking rules to Aadhaar… know 5 big changes going to happen from November 1, there will be a direct impact on your pocket.