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Yash Optics & Lens IPO is a book built issue of Rs 53.15 crores. The issue is entirely a fresh issue of 65.62 lakh shares.
Yash Optics & Lens IPO bidding started from March 27, 2024 and ended on April 3, 2024. The allotment for Yash Optics & Lens IPO was finalized on Thursday, April 4, 2024. The shares got listed on NSE SME on April 8, 2024.
Yash Optics & Lens IPO price band is set at ₹75 to ₹81 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹129,600. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹259,200.
Shreni Shares Limited is the book running lead manager of the Yash Optics & Lens IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Yash Optics & Lens IPO is Rikhav Securities.
Refer to Yash Optics & Lens IPO RHP for detailed information.
| IPO Date | March 27, 2024 to April 3, 2024 |
| Listing Date | April 8, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹75 to ₹81 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 6,561,600 shares (aggregating up to ₹53.15 Cr) |
| Fresh Issue | 6,561,600 shares (aggregating up to ₹53.15 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 18,204,000 |
| Share holding post issue | 24,765,600 |
| Market Maker portion | 331,200 shares Rikhav Securities |
Yash Optics & Lens IPO offers 6,561,600 shares. 1,164,800 (17.75%) to QIB, 1,110,400 (16.92%) to NII, 2,252,800 (34.33%) to RII and 1,702,400 (25.94%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,702,400 (25.94%) |
| Market Maker Shares Offered | 331,200 (5.05%) |
| QIB Shares Offered | 1,164,800 (17.75%) |
| NII (HNI) Shares Offered | 1,110,400 (16.92%) |
| Retail Shares Offered | 2,252,800 (34.33%) |
| Total Shares Offered | 6,561,600 (100%) |
Yash Optics & Lens IPO raises Rs 13.79 crore from anchor investors. Yash Optics & Lens IPO Anchor bid date is March 26, 2024. Yash Optics & Lens IPO Anchor Investors list
| Bid Date | March 26, 2024 |
| Shares Offered | 1,702,400 |
| Anchor Portion Size (In Cr.) | 13.79 |
| Anchor lock-in period end date for 50% shares (30 Days) | May 4, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | July 3, 2024 |
Yash Optics & Lens IPO opens on March 27, 2024, and closes on April 3, 2024.
| IPO Open Date | Wednesday, March 27, 2024 |
| IPO Close Date | Wednesday, April 3, 2024 |
| Basis of Allotment | Thursday, April 4, 2024 |
| Initiation of Refunds | Friday, April 5, 2024 |
| Credit of Shares to Demat | Friday, April 5, 2024 |
| Listing Date | Monday, April 8, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 3, 2024 |
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹129,600 |
| Retail (Max) | 1 | 1600 | ₹129,600 |
| HNI (Min) | 2 | 3,200 | ₹259,200 |
| Lot Size Calculator | |||
The promoters of the company are Mr. Tarun Manharlal Doshi, Mr. Dharmendra M Doshi, and Mr. Chirag Manharlal Doshi.
| Share Holding Pre Issue | 97.45% |
| Share Holding Post Issue | 71.63% |
Yash Optics & Lens Limited was founded in 2010 and offers a wide range of vision correction solutions.
The company is engaged in the manufacture, trading, distribution, and supply of spectacle lenses/optical lenses. The company offers single-vision lenses to advanced progressive lenses, customized progressive lenses to personalized progressive lenses for professionals as well as a wide range of coatings.
HOYA Lens India Private Limited has appointed the company as the exclusive distributor for the sale, marketing and distribution of "Pentax" brand lenses in India.
The company's manufacturing facility is located in Kandivali (West), Mumbai. The company has an India-wide presence and distribution network for the domestic market.
As of December 31, 2023, the company employed over 106 people.
Yash Optics & Lens Limited's revenue increased by 33.3% and profit after tax (PAT) rose by 18.32% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 5,412.63 | 3,414.26 | 2,444.86 | 1,215.25 |
| Revenue | 1,869.16 | 3,980.39 | 2,986.04 | 1,498.24 |
| Profit After Tax | 422.52 | 806.58 | 681.67 | 106.31 |
| Net Worth | 2,334.01 | 1,911.50 | 1,104.92 | 426.61 |
| Reserves and Surplus | 2,333.01 | 1,910.50 | 1,103.92 | 425.61 |
| Total Borrowing | 2,452.69 | 1,085.63 | 402.36 | 585.00 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Yash Optics & Lens IPO is Rs 200.6 Cr.
KPI as of September 30, 2023.
| KPI | Values |
|---|---|
| ROE | 18.10 |
| ROCE | 10.38 |
| Debt/Equity | 1.05 |
| RoNW | 18.09% |
| P/BV | 6.15 |
| PAT Margin (%) | 22.62 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.43 | 3.41 |
| P/E (x) | 18.28 | 23.74 |
The company intends to utilize the proceeds of the Issue to meet the following objects:
[Dilip Davda] The company is in the highly competitive and fragmented segment of correcting eye vision solutions and related products. It marked growth in its top and bottom lines for the reported periods, but the sudden boost in pre-IPO years raise eyebrows. Based on FY24 annualized earnings, the issue appears fully priced discounting all near term positives. Well-informed investors may park funds for the medium to long term rewards. Read detail review...
The Yash Optics & Lens IPO is subscribed 42.17 times on April 3, 2024 6:21:58 PM. The public issue subscribed 32.46 times in the retail category, 19.88 times in the QIB category, and 85.27 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 19.88 |
| NII | 85.27 |
| Retail | 32.46 |
| Total | 42.17 |
Total Application : 45,703 (32.46 times)
| Listing Date | April 8, 2024 |
| BSE Script Code | |
| NSE Symbol | YASHOPTICS |
| ISIN | INE0TO601017 |
| Final Issue Price | ₹81 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹81.00 |
| ₹90.00 |
| ₹90.00 |
| ₹94.50 |
| ₹92.70 |
Yash Optics & Lens Limited
1st, Floor, Unit 70A,
Kandiwali Industrial Estate,
Charkop, Kandivali West, Mumbai-400067
Phone: + 91 9903231000
Email: investors@yashopticsandlens.com
Website: https://yashopticsandlens.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Yash Optics & Lens IPO is a SME IPO of 6,561,600 equity shares of the face value of ₹10 aggregating up to ₹53.15 Crores. The issue is priced at ₹75 to ₹81 per share. The minimum order quantity is 1600 Shares.
The IPO opens on March 27, 2024, and closes on April 3, 2024.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Yash Optics & Lens IPO using UPI as a payment gateway. Zerodha customers can apply in Yash Optics & Lens IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Yash Optics & Lens IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Yash Optics & Lens IPO opens on March 27, 2024 and closes on April 3, 2024.
Yash Optics & Lens IPO lot size is 1600 Shares, and the minimum amount required is ₹129,600.
You can apply in Yash Optics & Lens IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Yash Optics & Lens IPO will be done on Thursday, April 4, 2024, and the allotted shares will be credited to your demat account by Friday, April 5, 2024. Check the Yash Optics & Lens IPO allotment status.
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