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India’s largest eyewear retailer Lenskart Solutions’ IPO was subscribed more than 20 times on the final day of the public issue.
The portion earmarked for qualified institutional buyers (QIBs) saw 27X subscription, according to the Bombay Stock Exchange (BSE). The shares set aside for non-institutional investors saw 17X oversubscription, while the retail chunk was subscribed 7 times.
The IPO, which opened on October 31, is targeting Rs 7,300 crore and will value the company at Rs 70,000 crore when it lists on the exchanges on November 10.
