Lenskart IPO Subscription Status: IPO Subscribed 3.51 Times | On Day 3

Gurugram, November 4: The Lenskart IPO has seen͏ a͏ strong response, w͏i͏th ͏the subscri͏pti͏on status re͏achi͏ng 3.51 ͏times as of 12͏:0͏0 ͏PM tod͏a͏y. The offer͏ing has attr͏acted ͏bids͏ for 34,97,12,604 ͏sha͏res, s͏ignifi͏can͏tly outpacing the 9,97,4͏2,7͏48 shar͏es͏ available for subscrip͏tio͏n status .

 Non-Institutional Buyers have subscribed to the Lenskart IPO 5.76 times, bidding for 15,59,94,294 shares, against 2,70,98,027 shares on offer. Next are Retail Investors who have subscribed to the Lenskart IPO 4.67 times, bidding for 8,43,94,299 shares, against 1,80,65,352 shares on offer.

The employee category has been subscription status 3.46 times, receiving bids for 13,53,349 shares, against 3,91,645 shares on offer. QIBs have subscription status to the IPO 1.99 times, bidding for 10,79,70,662 shares, against 5,41,87,724 on offer.

Key Details About Lenskart IPO

The ₹7,278.02 crore Lenskart IPO is a combination of fresh issue of 5.35 crore shares aggregating to ₹2,150.00 crore and offer for sale of 12.76 crore shares aggregating to ₹5,128.02 crore. Lenskart IPO price band is set between ₹382 and ₹402 per share. The lot size is 37 shares per application, with a minimum investment amount required by a retail investor at ₹14,874 (37 shares), at the upper price band.

The lot size investment for sNII is 14 lots (518 shares), amounting to ₹2,08,236, and for bNII, it is 68 lots (2,516 shares), amounting to ₹10,11,432. Share allotment for the Lenskart IPO is expected on November 6. The company will credit the shares and initiate refunds on November 7. The shares of Lenskart Solutions are expected to list on NSE and BSE on November 10.

Lenskart Raised ₹3,268.36 Crore From 147 Anchor Investors

Ahead of the IPO, Lenskart Solutions raised ₹3,268.36 crore from 147 anchor investors by allocating 8,13,02,412 equity shares at ₹402 per share. Key investors included the Government of Singapore, Monetary Authority of Singapore, T. Rowe Price, BlackRock, Fidelity, Capital Group, and Goldman Sachs India Equity Portfolio. The anchor book also saw investment from leading domestic funds such as SBI, HDFC, ICICI Prudential, Kotak, Axis, Aditya Birla Sun Life, Mirae Asset, and DSP Mutual Fund.

Outlook for Lenskart IPO

The Lenskart IPO subscription status indicates that it is receiving high demand from NIBs and retail investors on its final day of bidding. The company has also reported strong financials with a net profit of ₹297.3 crore, compared with a loss of ₹10.15 crore in FY24 and ₹63.75 crore in FY23. Investors now await the Lenskart IPO allotment status and the listing of shares on NSE and BSE.

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