Lenskart IPO Listing Live Updates: Ambit says 'sell' ahead of listing with ₹337 target

Lenskart IPO Listing Live Updates:

The much talked about shares of Lenskart will be making their stock market debut on Monday, November 10. The three-day issue, through which the company planned on raising over ₹7,278 crore, was subscribed 28 times, despite all the chatter around its valuation. Subscription was led by institutional investors, for whom 75% of the issue was reserved for, was subscribed 40 times the total number of shares on offer. The portion reserved for non-institutional investors was subscribed 18 times, while the portion reserved for retail investors was subscribed 7.5 times the total number of shares on offer. Only 10% of the IPO was reserved for retail investors. Ahead of listing, co-founder Peyush Bansal wrote a letter saying it is still Day Zero for the company, reflecting on the 15-year journey and also sharing his vision for the future. However, ahead of the listing, the GMP or Grey Market Premium for Lenskart has declined to nearly zero. These of course, are unconfirmed reports and that the listing price may differ from the GMP rates. Watch this space for all the live updates.