Lenskart IPO allotment today: How to check status online
What's the story
Lenskart, a leading eyewear company, will finalize its initial public offering (IPO) allotment today. The move comes after a successful subscription period from October 31 to November 4. The IPO was hugely oversubscribed by investors across all categories, with an overall subscription rate of 28.27 times.
Subscription breakdown
Retail investors subscribed to the issue 7.56 times
The retail category saw a subscription rate of 7.56 times, while the Qualified Institutional Buyers (QIB) and Non-Institutional Investors (NII) categories were subscribed 40.36 times and 18.23 times, respectively. Lenskart's IPO offered nearly 1 billion shares at a price band of ₹382-₹402 per share. The company aimed to raise ₹7,278 crore through this fresh issue and offer for sale (OFS).
Allotment checking
How to check Lenskart IPO allotment status on BSE
Investors who applied for the Lenskart IPO can check their allotment status on either the BSE website or MUFG Intime India Private Limited (formerly Link Intime India Pvt Ltd)'s portal. On the BSE website, they have to select 'Equity' and pick 'Lenskart Solutions Limited' from a drop-down list. After entering their application number and PAN, they can view their allotment status by clicking 'Search.'
Portal usage
Check allotment status on MUFG Intime India website
On the MUFG Intime India portal, investors have to select 'Lenskart Solutions Limited' from a list of issues. They can search using their Application Number, Demat Account Number, or PAN. After entering these details and filling in the captcha code, they can click 'Submit' to view their allotment status. Refunds will be processed for those who don't get shares while successful bidders will see their shares credited directly to their demat accounts after allotment finalization.
Market expectations
GMP falls sharply, signaling potential weak listing for Lenskart shares
Despite the strong response to its IPO, Lenskart's gray market premium (GMP) has fallen sharply in recent days. The GMP for the Lenskart IPO was ₹35 at the time of writing, significantly lower than the peak of ₹108 on October 27. Shares of Lenskart Solutions Ltd will be listed on both BSE and NSE on November 10.