Lenskart IPO Receives 2X plus Subscription; Retail Bidders Shine Bright
The Lenskart IPO received an impressive response from investors, with an overall subscription of 2.02 times on the final bidding day. The issue saw strong…
The Lenskart IPO received an impressive response from investors, with an overall subscription of 2.02 times on the final bidding day. The issue saw strong demand from all categories, especially retail investors, who subscribed 3.35 times, applying for over 6.05 crore shares against 1.80 crore offered.
Qualified Institutional Buyers (QIBs) subscribed 1.64 times, while Non-Institutional Investors (NIIs) subscribed 1.89 times, showing solid interest from both large and small HNIs. The employee quota also saw healthy participation at 2.62 times, reflecting confidence from within the company.
Overall, Lenskart’s strong brand, omnichannel presence, and growing market share helped attract wide investor attention. Market experts expect a positive listing on the NSE and BSE, given the robust subscription figures and investor sentiment.
| Category | Subscription (times) | Shares Offered | Shares Bid For |
|---|---|---|---|
| QIB (Ex Anchor) | 1.64 | 5,41,87,724 | 8,87,41,318 |
| NII | 1.89 | 2,70,98,027 | 5,11,29,523 |
| – bNII (Above ₹10L) | 1.64 | 1,80,65,352 | 2,96,67,895 |
| – sNII (Below ₹10L) | 2.38 | 90,32,676 | 2,14,61,628 |
| Retail | 3.35 | 1,80,65,352 | 6,05,15,387 |
| Employee | 2.62 | 3,91,645 | 10,27,860 |
| Total | 2.02 | 9,97,42,748 | 20,14,14,088 |