IPO a pit stop in a longer journey, have to create value for stakeholders: Lenskart CEO Peyush Bansal

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Peyush Bansal, cofounder and chief executive of omnichannel eyewear retailer Lenskart, said listing the company is ticking one of the boxes in a long to-do list.

In a fireside chat with ET’s Samidha Sharma, Bansal thanked the investors as the initial public offering of Lenskart was fully subscribed on the very first day.

The Lenskart IPO was subscribed 1.12 times by the close of bidding on Friday, with bids for 11.2 crore shares against the almost 9.98 crore on offer. Institutional buyers, who usually apply on the last day of the IPO, led the demand,…



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IPO a pit stop in a longer journey, have to create value for stakeholders: Lenskart CEO Peyush Bansal



Peyush Bansal, cofounder and chief executive of omnichannel eyewear retailer Lenskart, said listing the company is ticking one of the boxes in a long to-do list.

In a fireside chat with ET’s Samidha Sharma, Bansal thanked the investors as the initial public offering of Lenskart was fully subscribed on the very first day.

The Lenskart IPO was subscribed 1.12 times by the close of bidding on Friday, with bids for 11.2 crore shares against the almost 9.98 crore on offer. Institutional buyers, who usually apply on the last day of the IPO, led the demand,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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