Lenskart IPO continues to create excitement among investors on the second day. Should you invest? Only one day left

Eyewear retailer Lenskart has launched its IPO. Today is its second day. Like the first day, investors have seen strong interest in the IPO. On the first day, the issue was fully subscribed. On the second day, the issue has been booked nearly 1.5 times, or 146%, so far.

Lenskart IPO is a sensation! Investors are enthusiastic on the second day as well
According to NSE morning data, the company’s shares received a strong response. Applications have been received for over 146 million shares, compared to the 99.8 million shares on offer. Retail investors were the most enthusiastic.

They have subscribed more than twice their reserved portion, or 224%. Qualified Institutional Buyers (QIBs) also booked 1.4 times their reserved portion. Additionally, non-institutional investors (NIIs) subscribed to their full share, i.e., 102%.

How much does the company intend to raise through the Lenskart IPO?
Lenskart Solutions has issued its IPO through both a fresh issue and an offer-for-sale. The company aims to raise ₹7,278 crore through the IPO. Of this, ₹2,150 crore will be raised through the issuance of fresh shares. The remaining amount will be raised through the sale (OFS) of 127.5 million old shares. The IPO is open from October 31.

When is the listing expected? Lenskart IPL Listing Date
Investors can invest in the IPO until November 4. The price per share is ₹382-402. The company aims for a valuation of ₹70,000 crore. Investors can acquire a minimum of 37 shares, requiring an investment of ₹4,874. The shares will be allotted on November 5. It is expected to be listed on the stock exchanges on November 10th.

Disclaimer: This information is for informational purposes only. Investing in the market is subject to market risks. Investors should seek expert advice before making any investment.