Lenskart IPO Subscription Surges on Second Day, Retail Investors Lead

Lenskart's Initial Public Offering (IPO) has continued to attract significant investor attention on its second day of bidding. By 13:18 IST, the public issue was subscribed 1.68 times, meaning bids were received for 16.80 crore shares against the 9.98 crore shares available. Retail investors have been particularly active, oversubscribing their allocated portion by 2.77 times, showing strong confidence in the company. The quota for Lenskart's employees also saw robust interest, being oversubscribed 2.23 times. Qualified Institutional Buyers (QIBs), often a key indicator of institutional sentiment, maintained strong interest, oversubscribing their quota by 1.49 times. Non-Institutional Investors (NIIs) also participated well, with their quota oversubscribed 1.34 times, notably the segment for NIIs bidding up to INR 10 Lakh being oversubscribed 1.80 times.

Impact This strong subscription level is a positive sign for Lenskart's upcoming stock market debut. It suggests high demand from various investor categories, potentially leading to a successful listing and a strong opening price. A successful IPO can enhance the company's valuation and provide capital for future growth. Rating: 8/10

Definitions: IPO (Initial Public Offering): The process by which a private company first offers its shares to the public, becoming a publicly traded company. Retail Investors: Individual investors who buy or sell securities through a brokerage account. In India, this typically refers to investors applying for shares up to INR 2 Lakh in an IPO. Qualified Institutional Buyers (QIBs): Large institutional investors such as mutual funds, pension funds, and insurance companies, registered with SEBI. Non-Institutional Investors (NIIs): Investors who bid for shares worth more than INR 2 Lakh in an IPO. This category includes high net-worth individuals and corporate bodies.