Yash Optics & Lens IPO Review

 
Yash Optics & Lens IPO Review

IPO Open Date: March 27, 2024

IPO Close Date: April 3, 2024

IPO Price: ₹75 to ₹81 per share

Lot Size: 1600 Shares

Listing: April 8, 2024

Yash Optics & Lens is scheduled to hit the market on March 27, 2024 and close on April 3, 2024. Yash Optics & Lens plans to raise around ₹53.15 Cr through an IPO with a sale of up to 6,561,600 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.

Yash Optics & Lens, established in 2010, specializes in providing a diverse array of vision correction solutions. From single-vision lenses to advanced progressive lenses, customized progressive lenses, and personalized progressive lenses for professionals, the company offers a wide range of options. Additionally, they provide various coatings to enhance the performance and durability of their lenses.

Appointed as the exclusive distributor for the renowned “Pentax” brand lenses in India by HOYA Lens India Private Limited, Yash Optics & Lens operates a manufacturing facility in Kandivali (West), Mumbai. With a widespread presence and distribution network across India, the company caters to the domestic market effectively. As of December 31, 2023, the company had a workforce of over 106 dedicated individuals contributing to its operations and growth.

Yash Optics & Lens


Yash Optics & Lens IPO Details

Yash Optics & Lens IPO opens on March 27, 2024, and closes on April 3, 2024. The Listing date for Yash Optics & Lens IPO is on April 8, 2024. The price band for IPO is ₹75 to ₹81 per share and lot size of 1600 Shares.

IPO DateMar 27, 2024 to April 3, 2024
Listing DateApril 8, 2024
Price₹75 to ₹81 per share
Lot Size1600 Shares
Issue Size₹53.15 Cr
Face Value₹10 per share

Yash Optics & Lens IPO Tentative Timetable

Yash Optics & Lens opening date is March 27, 2024 and close date is April 03, 2024. The IPO allotment date is April 04, 2024. The refund initiation of IPO is on April 05, 2024. The credit of shares in demat account is on April 05, 2024. The listing date is on April 08, 2024.

EventDate
IPO OpeningMar 27, 2024
IPO ClosingApril 03, 2024
IPO Allotment DateApril 04, 2024
Refund InitiationApril 05, 2024
Shares Credit to DematApril 05, 2024
Lisiting DateApril 08, 2024

Yash Optics & Lens IPO Lot Size

Lot Size of this IPO is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹129,600).

CategoryLotsSharesAmount
Retail(Minimum)11600₹129,600
Retail(Maximum)11600₹129,600
HNI (Minimum)23200₹259,200

Yash Optics & Lens IPO Promoter Holding

Pre Issue Share Holding97.45%
Post Issue Share Holding71.63%

Yash Optics & Lens IPO Review

Yash Optics & Lens's IPO, valued at Rs 200.6 Cr, offers a compelling opportunity for investors interested in the vision correction solutions sector. The company, established in 2010, has demonstrated remarkable financial performance with a significant revenue increase of 33.3% and a notable 18.32% growth in profit after tax from March 31, 2022, to March 31, 2023. As the exclusive distributor of “Pentax” brand lenses in India, appointed by HOYA Lens India Private Limited, Yash Optics & Lens enjoys a strong market presence and benefits from strategic partnerships that enhance its competitive edge in the industry.

The IPO's key performance indicators as of September 30, 2023, portray a positive outlook for potential investors. Noteworthy metrics include a Return on Equity (ROE) of 18.10%, Return on Capital Employed (ROCE) of 10.38%, and a robust Profit After Tax (PAT) Margin of 22.62%. The company's focused objectives for the IPO proceeds, such as funding capital expenditure for manufacturing units, machinery acquisition, debt settlement, and working capital needs, exemplify a strategic approach towards bolstering operational capabilities and sustaining growth momentum.

Investors seeking exposure to the evolving vision correction market in India may find Yash Optics & Lens's IPO an attractive investment proposition. With its promising financial performance, exclusive distributorship of a renowned brand, and clear objectives for utilization of funds, the IPO presents an opportunity to participate in the company's growth trajectory and capitalize on the expanding demand for optical solutions in the Indian market.

Yash Optics & Lens IPO Subscription Status (Bidding Details)

Table not found

Yash Optics & Lens IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Yash Optics & Lens IPO FAQs

What is Yash Optics & Lens IPO?

Yash Optics & Lens is issuing 6,561,600 equity shares with a face value of ₹10 each, totaling up to ₹53.15 Cr. The shares are being offered at a price of ₹75 to ₹81 each, with a minimum order quantity of 1600 shares.

Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Yash Optics & Lens IPO will open?

Yash Optics & Lens will open on March 27, 2024 for QIB, NII, and Retail Investors.

When Yash Optics & Lens IPO will end?

Yash Optics & Lens will end on April 03, 2024.

What is Yash Optics & Lens IPO Size?

Yash Optics & Lens IPO size is 53.15 Cr.

What is Yash Optics & Lens IPO Price Band?

Yash Optics & Lens price band is ₹75 to ₹81 per share.

What is the Yash Optics & Lens IPO Allotment Date?

Yash Optics & Lens allotment date is April 04, 2024.

What is the Yash Optics & Lens IPO Listing Date?

Yash Optics & Lens listing date is April 08, 2024. The IPO is to be listed on BSE and NSE.

How to Yash Optics & Lens IPO through Zerodha?

To apply for the IPO “Yash Optics & Lens” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Yash Optics & Lens IPO through Upstox?

To apply for the IPO “Yash Optics & Lens” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Yash Optics & Lens IPO Allotment Status?

For Yash Optics & Lens IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Yash Optics & Lens IPO GMP?

You can check out here: Yash Optics & Lens IPO GMP

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About Ishika Agarwal

Ishika Agarwal is a seasoned financial writer with a strong background in the stock market and investment sector. Ishika has a passion for analyzing and interpreting complex financial data to provide valuable insights to her readers.

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