IPO / Lenskart IPO Allotment Final Today: GMP Shows Action, Check Status Step-by-Step

Today, November 6, marks a significant day for investors who participated in Lenskart's substantial ₹7,278 crore Initial Public Offering (IPO), while the allotment of shares for the eyewear retailer is expected to be finalized today, bringing anxious investors closer to knowing the outcome of their applications. The IPO received an overwhelming response from the market, being subscribed a remarkable 28. 26 times, underscoring strong investor confidence and demand for the company's shares.

Lenskart IPO Details at a Glance

The Lenskart IPO was open for subscription from October 31 to November 4, offering a window for investors to place their bids. The company had set a price band of ₹382 to ₹402 per equity share, while this IPO was strategically launched to raise capital for Lenskart's expansion plans, working capital requirements, and other general corporate purposes. The strong subscription figures are a testament to the market's. Positive outlook on Lenskart's business model and future growth prospects.

Key Dates for Allotment and Listing

Following the finalization of the allotment today, successful applicants can expect their allocated shares to be credited to their Demat accounts on November 7. This is a critical step before the shares begin trading on the stock exchanges. The much-anticipated listing of Lenskart's shares is scheduled for November 10 on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). This event will mark Lenskart's debut on the public markets, allowing investors to trade their shares.

Grey Market Premium (GMP) Insights

Market observers tracking IPOs indicate that Lenskart's Grey Market Premium (GMP) on November 6 is hovering between approximately ₹27 and ₹45 per share, while the GMP serves as an unofficial indicator of the market's expectation regarding the listing price and potential gains. If we consider the upper end of the price band at ₹402 and add the higher GMP of ₹45, the shares could potentially list around ₹447. This suggests a possible listing gain of up to 11%, which would be a favorable outcome for investors. However, it's crucial to remember that GMP is speculative and the actual listing price will depend on market dynamics and investor sentiment on the listing day.

How to Check Lenskart IPO Allotment Status

Once the allotment is finalized, applicants can easily check their IPO allotment status from the comfort of their homes. There are three primary ways to do this: through the official website of the IPO registrar, MUFG Intime India Pvt Ltd, or via the websites of BSE and NSE. Below is a detailed, step-by-step guide for each method to help you ascertain your allotment status.

To check your allotment status on the registrar's website, first navigate to the official link: https://in. mpms. mufg. com/Initial_Offer/public-issues, while html. Once the page loads, you will need to select 'Lenskart Solutions Limited' from the dropdown menu under the company name. Please note that the company name will only appear in the dropdown after the allotment has been finalized, while next, choose one of the available options for entering your details: PAN Number, Application Number, or DP Client ID. Fill in the chosen detail accurately and then click the 'Submit' button, while your allotment status will then be displayed on the screen, indicating whether you've been allotted shares and the quantity. 

For checking your allotment status on the BSE website, open the direct link: https://www, while bseindia. com/investors/appli_check. aspx. On this page, you will need to select 'Equity' under 'Issue Type'. Subsequently, choose 'Lenskart Solutions Limited' from the 'Issue Name' dropdown list, while after selecting the issue name, proceed to enter your Application Number and your PAN Number in the respective fields. Ensure all details are correct and then click on the 'Search' button. Your allotment status, including the number of shares allotted, will be displayed on your screen. To check your allotment status via the NSE website, visit the direct link: https://www. nseindia. com/products/dynaContent/equities/ipos/ipo_login. jsp. On this page, you should select the 'Equity & SME IPO bid details' option. From the dropdown menu, choose 'Lenskart' as the company. Following this, you will need to enter either your IPO Application Number or your PAN details in the designated field, while once all the required information is entered, click the 'Submit' button. Your allotment status will then be displayed on the screen, providing you with the outcome of your IPO application. This straightforward process ensures that all applicants can easily determine their allotment status.