Lenskart IPO booked 28.26 times on Day 3: Check allotment date and steps

Lenskart IPO has been subscribed 28.26 times on the third and the final day of bidding on Tuesday, November 4. It secured bids for 2,81,88,45,222 shares as against 9,97,61,257 shares on offer, according to NSE data until 2:25 p.

The part kept aside for qualified institutional buyers (QIBs) has been subscribed 40.35 times, while the non-institutional investors (NIIs) quota has been booked 18.23 times. The portion meant for retail individual investors has been subscribed 7.53 times.

The initial public offering aims to raise ₹7,278.02 crore by offering new equity shares worth ₹2,150 crore and an offer-for-sale (OFS) of 12.75 crore shares totalling ₹5,128.02 crore by promoters and investors.

The company proposes to use the issue proceeds for strategic initiatives, including capital expenditure to establish new company-operated, company-owned (CoCo) stores, and payments under lease, rent, and licence agreements for these CoCo stores. Other objectives include investments in technology and cloud infrastructure, brand marketing and business promotion, potential unidentified inorganic acquisitions, and general corporate purposes.

With a price band of ₹382 to ₹402 per share, the lot size is 37 shares.

Omnichannel eyewear retailer Lenskart offers prescription eyeglasses, contact lenses and sunglasses through its online platform and retail network.

Lenskart IPO allotment and listing dates

The basis of allotment of the Lenskart Solution IPO is expected to be finalised on November 6. The company's shares will be listed on the stock exchanges on November 10.

How to check Lenskart IPO allotment status on MUFG Intime India

• Go to the IPO allotment page of MUFG Intime India: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
• Pick ‘Lenskart Solutions Limited’ from issue names
• Mention your Account No/IFSC, Application No, PAN or DP/Client ID
• Click on the ‘Submit’ button

Steps to check Lenskart IPO allotment status on NSE

• Visit NSE's allotment link: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Select ‘Equity & SME IPO bid details’
• From the 'Select Symbol' dropdown, pick 'LENSKART'
• Enter your application number and PAN
• Click on submit

Lenskart IPO allotment status on BSE; complete steps

• Click on this link: https://bseindia.com/investors/appli_check.aspx
• Select 'Equity' as the issue type
• From the ‘Issue Name’ list, choose ‘Lenskart Solutions Limited’
• Fill in either your PAN or IPO application number
• Post the ‘I’m not a robot’ verification, press the ‘Search’ button

Lenskart IPO GMP

According to media reports and investorgain.com, Lenskart Solutions' unlisted shares are trading at ₹461, reflecting a grey market premium of 14.68%, or ₹59, over the upper price band of ₹402.