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

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