All eyes on Lenskart’s IPO allotment date after investor frenzy: Check status online, GMP and listing prospects

Lenskart Solutions completed its IPO worth Rs 7,278 crore on November 4, attracting strong interest from investors. The eyewear group received bids for 281.9 crore shares against 9.97 crore shares on offer, amounting to a subscription of 28.2 crore. The allotment basis will be finalized on November 6 and investors can check their allotment status for the Lenskart IPO on the BSE website or on the registrar’s website – MUFG Intime India.How to check allotment on BSE website

Visit the official BSE IPO allotment page: https://www.bseindia.com/investors/appli_check.aspxSelect ‘Shares’ under issue type.

Choose “Lenskart Solutions” from the drop-down menu.

Enter your application number and PAN details. How to check this on the registrar’s website (MUFG Intime India) Visit the MUFG Intime India IPO portal: https://www.linkintime.co.in

Click IPO Allocation Status.

Select Lenskart Solutions Ltd from the drop-down list.

Choose one of the following options: PAN, Application Number or DP/Client ID.

Enter and submit the required details to view your allotment result.

If you receive shares, they will be credited to your Demat account by November 7, while refunds for unallocated shares will be processed on the same day. The stock is expected to list on NSE and BSE on November 10.

IPO subscription and investor reaction

The Rs 7,278 crore IPO – a mix of a fresh issue of Rs 2,150 crore and an offer for sale worth Rs 5,128 crore – witnessed strong demand across investor categories. The Qualified Institutional Buyers (QIB) category led the way with 40.36 times as many entries, followed by non-institutional investors with 18.2 times, and retail investors bid for 7.56 times as many shares.

The retail category received bids of Rs 13.66 crore against 1.80 crore reserved shares, indicating robust appetite despite concerns over the company’s expensive valuation.

GMP and listing prospects

According to market trackers, Lenskart’s IPO is around Rs 41 per share, which implies a listing premium of 10% on the issue price of Rs 402. However, volatility could continue depending on broader market trends and post-listing sentiment towards new consumer technology stocks.

Analysts say the strong response underlines the confidence in Lenskart’s brand and growth potential even as valuations appear high. At the higher end, the company boasts a market capitalization of around Rs 70,000 crore, which translates into a price-to-earnings ratio of 235x FY25 earnings.

Founded by Peyush Bansal, Lenskart has evolved from an online eyewear retailer to a full-fledged omnichannel brand with over 2,700 stores in India and abroad. It reported a revenue of Rs 6,652 crore and a profit of Rs 297 crore in FY25, helped by a one-time accounting gain from the acquisition of Owndays. Adjusted for that, analysts estimate normalized profit near Rs 130 crore, taking the net margin below 2%.

Proceeds from the IPO will be used for store expansion, technology upgrades, brand marketing and cloud infrastructure investments.

With a strong anchor holding of Rs 3,268 crore and an oversubscription of over 28 times, all eyes are now on the November 10 listing. Analysts expect a muted debut, possibly with single-digit listing gains, as valuations are already high. But for long-term investors, the focus will be on whether Lenskart can translate its dominance in eyewear into sustainable, profitable growth.

(Disclaimer: Recommendations, suggestions, views and opinions expressed by the experts are their own. These do not represent the views of the Economic Times)