The wait is almost over for thousands of investors who applied for Lenskart's initial public offering. The much-anticipated IPO allotment is expected to be finalized today, marking a crucial milestone for the eyewear retailer's market debut.
What Investors Need to Know About Lenskart IPO Allotment
According to market sources and financial experts, the allotment process for Lenskart's IPO is likely to be completed on Tuesday. This means investors who participated in the public offering will soon know how many shares they've been allocated.
The grey market premium (GMP) for Lenskart shares has been showing positive momentum, indicating strong investor interest and potential listing gains. While GMP fluctuates based on market sentiment, the current trend suggests optimistic market expectations for the company's stock performance.
How to Check Your Lenskart IPO Allotment Status Online
Once the allotment is finalized, investors can check their status through these simple steps:
- Visit the registrar's website - KFin Technologies Limited is handling the Lenskart IPO allotment process
- Select 'Lenskart Limited' from the dropdown menu of IPO issues
- Enter your application number or PAN card details
- Click 'Search' to view your allotment status
Alternatively, investors can also check their status through the BSE and NSE websites using similar verification steps.
What Happens After Allotment?
Following the share allotment, unsuccessful applicants will receive their refunds through the same mode of payment used during application. Successful allottees can expect their shares to be credited to their demat accounts within the next few days.
The listing date for Lenskart shares is expected to be announced shortly after the allotment process is complete. Market analysts are closely watching this IPO as it represents one of the most significant consumer retail offerings in recent times.
Lenskart, founded in 2010, has revolutionized the eyewear industry in India with its tech-enabled approach and extensive retail presence. The company's IPO has generated substantial buzz in the market, reflecting investor confidence in the brand's growth trajectory and the expanding eyewear market in India.
