'$200 mn an hour, oversubscription in hours'! India’s IPO market booming

IPOs such as LG's, which is the third-largest this year in the Indian markets, have positioned India as one of the world’s most active IPO destinations. (AI image)Today, Lenskart Solutions Ltd IPO garnered strong response during its first day of subscription, primarily supported by institutional and individual investors. According to NSE figures, the IPO, valued at Rs 7,278-crore, attracted bids for 11,22,94,482 shares compared to the available 9,97,61,257 shares, achieving a subscription rate of 1.13 times ...