Allotment of shares for Lenskart Solutions Ltd’s IPO will be finalised tomorrow, after witnessing strong investor demand during the subscription period. The eyewear retailer’s public issue was subscribed more than 28 times, driven by heavy participation from institutional and retail investors.
However, despite the strong subscription numbers, the grey market premium (GMP), often seen as an early indicator of listing performance, has dropped sharply ahead of its stock market debut, signalling a possibly muted listing next week.
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Lenskart IP
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