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Lenskart Share Price LIVE: Stock lists at ₹395, 1.7% below issue price of ₹402
Lenskart Solutions listed at a discount of 1.74% to its issue price on Monday
Lenskart IPO Share Price Live Updates: Lenskart Solutions made muted market debut on Monday, listing with a discount of 3 per cent against the issue price of Rs 402. The stock began trading at Rs 390 — 2.98 per cent lower from the issue price on the BSE. Later, it sunk further by 11.52 per cent to Rs 355.70, before recovering to trade at Rs 403.80 — up 0.44 per cent. On the NSE, the shares listed at Rs 395 apiece, dropped 11.41 per cent to Rs 356.10 before rebounding to trade at Rs 404, up 0.5 per cent.
The Rs 7,278.76-crore IPO was subscribed 28 times within October 31-November 4 bidding window. The grey market premium (GMP), which had touched a high of Rs 108 on October 27, fell sharply in the following weeks to touch Rs 6.5 on November 8, according to investorgain. The GMP is the price at which an IPO is traded in an unofficial or unregulated grey market before it is officially listed at the stock exchange.
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Lenskart is Indian eyewear firm that sells eyeglasses, sunglasses, and contact lenses through both online and offline stores. Priced in the range of Rs 382-Rs 402 per share, the company aimed at raising funds through a fresh issue of Rs 2,150 crore and an offer for sale of 12.75 crore shares.
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