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Lenskart’s IPO continued to see strong investor interest during the early hours of bidding on the second day. The public issue was subscribed 1.68X as of 13:18 IST, receiving cumulative bids for 16.80 Cr shares as against 9.98 Cr shares on offer.
Retail investors continued to lead the fray on Day 2, with their quota oversubscribed 2.77X. These investors placed bids for 5 Cr shares against 1.81 Cr shares earmarked for them.
The portion reserved for Lenskart’s employees was oversubscribed 2.23X, receiving bids for 8.72 Lakh shares against 3.92 Lakh shares reserved for them.
Meanwhile, qualified institutional buyers (QIBs) maintained a strong interest in the public issue, oversubscribing their quota 1.49X. They placed bids for 8.06 Cr shares against 5.42 Cr shares on offer.
Meanwhile, non-institutional investors’ (NIIs) quota was oversubscribed 1.34X. They placed bids for 3.64 Cr shares against 2.71 Cr shares earmarked for them. In this, investors with bid amounts up to INR 10 Lakh led with an oversubscription of 1.80X of their quota.
(The story will be updated soon)
The post Lenskart IPO: Issue Oversubscribed 1.68X On Day 2 So Far appeared first on Inc42 Media.
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