Lenskart IPO Allotment: How to check status on NSE, BSE and MUFG India

The initial public offering (IPO) of Lenskart Solutions Ltd. closed with a strong subscription on the last day of bidding on Monday. The ₹7,278-crore mainboard issue was overall booked 28.26 times, with bids for more than 281.88 crore shares against 9.97 crore shares on offer.

The IPO was open for bidding from October 31 to November 4. After the end of the subscription period, the share allotment status for the Lenskart IPO is expected to be finalised on Thursday, November 6.

The retail portion of the IPO was booked 7.54 times. The Non-Institutional Investors subscribed their category 18.23 times, while the Qualified Institutional Buyers (QIBs) booked their quota 40.35 times.

The IPO was a combination of a fresh issue of 5.35 crore shares, amounting to ₹2,150 crore and an offer-for-sale (OFS) component of 12.76 crore shares, worth ₹5,128.02 crore.

The company has proposed to utilise the IPO proceeds to expand its retail footprint and strengthen its technology infrastructure. A portion of the funds will also be used for marketing and general corporate purposes.

Investors can check Lenskart IPO allotment status online through the BSE, NSE, and the official website of the issue registrar, MUFG Intime India Pvt Ltd (formerly Link Intime).

Steps to check Lenskart IPO share allotment on BSE:

Visit the IPO allotment page on the BSE website: https://www.bseindia.com/static/investors/application_statuschecksystem.aspx
Select 'Equity' as the issue type
Select Lenskart Solutions Ltd from the dropdown menu for issue names
Enter your application number and PAN
Click on the search button to check your share allotment details
Steps to check Lenskart IPO allotment on MUFG Intime India:

Visit the link: https://in.mpms.mufg.com/Initial_Offer/public-issues.html

Choose ‘Lenskart Solutions Ltd' from the list of companies
Select any one of these options: PAN, Application Number, DP/Client ID, or Account Number/IFSC
Enter the requested details
Click on 'Submit' to see the allotment status
The IPO bidders can also check the share allotment status through the NSE website using the PAN and Application Number.

Lenskart Solutions is expected to transfer shares to the Demat accounts of allottees on Friday, November 7. Refund for unsuccessful bidders will also be processed on the same day.

Shares of Lenskart Solutions Ltd are scheduled to be listed on the NSE and BSE on Monday, November 10.

Lenskart Solutions, founded in 2010, is one of India's largest omnichannel eyewear retailers. It has a strong digital presence with a growing network of physical stores. The company operates 2,137 stores in India and 669 outlets globally.