Lenskart IPO Listing Date Today: The initial public offer (IPO) of Lenskart received over 28 times the subscription on the final day of the share sale on November 4.
Shares of eyewear major Lenskart made a weak debut at the bourses on Monday, listing at a discount of three per cent, against the issue price of Rs 402. Shares of the company listed at Rs 390, a 2.99 per cent decrease from the issue price on the BSE. On the National Stock Exchange (NSE), it was listed at Rs 395, representing a 1.74 per cent decline.
The initial public offering (IPO) of Lenskart received over 28 times the subscription on the final day of the share sale, November 4.
Lenskart IPO GMP Today
According to Investorgain, Lenskart Solutions’ unlisted shares traded at a grey market premium (GMP) of Rs 10, a considerable fall from their peak. Considering the upper price band of Rs 402, the company’s shares are expected to list at around Rs 412, reflecting a grey market premium of 2.49 per cent.
Lenskart proposes to use the proceeds from the IPO for strategic initiatives, including capital expenditure to set up new company-operated, company-owned (CoCo) stores in India, and payments under lease, rent, and licence agreements for these CoCo stores.
Investments in technology and cloud infrastructure, brand marketing and business promotion to enhance brand awareness, potential unidentified inorganic acquisitions, and general corporate purposes were some of the other goals stated by the firm.
