Some IPOs arrive quietly. Others walk straight into the market and create their own buzz.
That’s what the Lenskart Solutions IPO did as subscriptions kept building day after day, drawing steady attention across the Indian stock market.
Market Performance: Lenskart IPO Sees Strong Response by Day 3
The bidding trend shaped the tone of the day. As the clock moved into the final bidding stretch, the demand across segments showed how widely the issue was being picked up.
Here’s how the subscription numbers stood:
- Total subscription (Day 3): 3.49 times
- Retail subscription: 3.49 times
- NII subscription: 5.73 times
- QIB subscription: 1.99 times
- Employee category: 3.45 times
The volume of bids highlighted the steady participation:
- Total bids received: 34,86,39,493
- Shares on offer: 9,97,61,257
The subscription built gradually through the week —
1.13 times on Day 1, rising to 2.02 times on Day 2, and gaining further strength on the third day.
Main News: Lenskart IPO Date, Price, and Structure
The Lenskart IPO date was fixed between October 31 and November 4, giving investors a five-day window to participate. The offer structure and pricing played a key role in defining the market mood.
Key IPO details:
- IPO price band: ₹382 – ₹402 per share
- Lenskart IPO valuation (upper band): Over ₹69,700 crore
- Fresh issue size: ₹2,150 crore
- OFS component: 12.75 crore equity shares
- Reservation structure:
- QIBs: 75%
- NIIs: 15%
- Retail investors: 10%
- Employees: Eligible for a ₹19 discount per share
Company Details: What the Lenskart IPO Plans to Use the Funds For
The Lenskart Solutions IPO comes with a clear breakdown of how the company intends to deploy the proceeds from the fresh issue. The focus revolves around expansion and strengthening operational capabilities.
According to the company’s disclosures, the funds raised will be directed towards:
- Opening new company-operated and company-owned (CoCo) stores
- Covering lease payments, rentals, and licensing for upcoming outlets
- Investments in technology and cloud infrastructure
- Brand-building and marketing activities
- Exploring potential acquisitions
- Meeting general corporate needs
The offering also includes an Offer-for-Sale, with shares being sold by promoters and existing investors.
The IPO is managed by multiple book-running lead managers responsible for handling the entire public issue process.
Lenskart IPO Timeline: Key Dates Investors Should Know
The issue comes with a structured timeline that outlines allotment, refunds, and eventual listing.
Important dates:
- Basis of allotment: November 6
- Refund initiation: November 7
- Credit of shares to demat accounts: November 7
- Lenskart IPO listing date: November 10 (tentative)
This timeline sets the pace for the next phase, as market participants look ahead to the listing on both BSE and NSE.
Lenskart IPO Review: What the Data Reflects
The subscription pattern tells its own story.
Demand across investor categories — from retail bidders to institutional entities — signals a broad-based interest in the public issue.
The steady progress from Day 1 to Day 3 shows that the market tracked the issue closely, and each category participated consistently as bidding advanced.
The offering blends a large fresh issue, a structured OFS, and a clear fund-utilization roadmap — all elements that generally shape investor perception during IPO season.
Summary: Lenskart IPO Stands Out in the Market Today
The Lenskart Solutions IPO made its presence felt across the market with strong bidding momentum and clear interest across investor groups.
What shaped the day:
- IPO subscribed 3.49 times by Day 3
- Retail and employee portions both above 3 times the subscription
- NIIs showed strong demand at 5.73 times.
- QIBs participated steadily with 1.99 times the bids.
- Price band fixed at ₹382–₹402
- Issue open from October 31 to November 4
- Fresh issue of ₹2,150 crore plus OFS
- Allotment and listing timeline set for early November
Easy & quick
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