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Lenskart IPO listing: Lenskart shares list at 3% discount to IPO price
Shares of Lenskart Solutions limited, an eyewear retailer, made a tepid debut on bourses on Monday, getting listed at a discount of 2.98 per cent on the BSE and 1.74 per cent on the NSE.
The shares of the company opened at Rs 390 apiece on the BSE, and at Rs 395 a share on the NSE, compared to Rs 402, the upper band of the initial public offering (IPO).
After subdued opening, the shares crashed 11.52 per cent on the BSE, and 11.41 per cent on the NSE in the morning trades.
Lenskart’s Rs 7,278 crore IPO was a combination of a fresh issue of 5.35 crore shares aggregating to Rs 2,150.74 crore and offer for sale (OFS) of 12.76 crore shares aggregating to Rs 5,128.02 crore.
The company had fixed the price band of Rs 382-402 per share for its IPO.
The offer got subscribed 28.26 times, with qualified institutional buyers (QIB) portion seeing a subscription of 40.35 times and retail investors bidding for 13.61 crore shares, as against 1.8 crore shares.
© The Indian Express Pvt Ltd
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