Yash Optics & Lens Limited IPO Detail
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.
Company Promoters
Mr. Tarun Manharlal Doshi, Mr. Dharmendra M Doshi, and Mr. Chirag Manharlal Doshi.IPO Details
| IPO Opening Date | Mar 27, 2024 |
| IPO Closing Date | Apr 03, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹75 - 81 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | NSE SME |
| Issue Size | ₹53.16 Cr |
| Fresh Issue | ₹53.16 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 1.38x | 0.00x | 0.00x | 0.11x | 0.41x | 0.59x |
| Day 2 | 1.70x | 0.00x | 0.00x | 0.20x | 0.87x | 0.92x |
| Day 3 | 1.70x | 0.00x | 0.00x | 0.65x | 1.77x | 1.48x |
| Day 4 | 1.70x | 0.00x | 0.00x | 3.29x | 6.05x | 4.26x |
| Day 5 | 19.88x | 0.00x | 0.00x | 85.27x | 32.46x | 42.17x |
IPO Tentative Timetable
The Yash Optics & Lens Limited IPO open date is Mar 27, 2024, and the close date is Apr 03, 2024. The issue may list on Apr 08, 2024.
| IPO Open Date | Mar 27, 2024 |
| IPO Close Date | Apr 03, 2024 |
| Basis of Allotment Date | Apr 04, 2024 |
| Initiation of Refunds | Apr 05, 2024 |
| Credit of Shares to Demat Account | Apr 05, 2024 |
| IPO Listing Date | Apr 08, 2024 |
IPO Lot Size
The Yash Optics & Lens Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹129600).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹129600 |
| Maximum | 1 | 1600 | ₹129600 |
IPO Promoter Holding
| Pre Issue Share Holding | 97.45% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 1215.25 | 1498.24 | 106.31 |
| 31-Mar-22 | 2444.86 | 2986.04 | 681.67 |
| 31-Mar-23 | 3414.26 | 3980.39 | 806.58 |
| 30-Sep-23 | 5412.63 | 1869.16 | 422.52 |
Objects of the Issue:
The company intends to utilize the proceeds of the Issue to meet the following objects:
- Funding of Capital expenditure for setting up a manufacturing unit for backward integration;
- Purchase of Plant and Machinery at existing manufacturing unit;
- Repayment/ prepayment of certain borrowings availed by the company;
- Funding Working Capital Requirements of the company; and
- General corporate purposes.
Yash Optics & Lens Limited IPO Registrar:
Bigshare Services Pvt Ltd
Yash Optics & Lens Limited IPO Lead Manager(s):
Shreni Shares Limited
Company Contact Information:
Yash Optics & Lens Limited
1st, Floor, Unit 70A,
Kandiwali Industrial Estate,
Charkop, Kandivali West, Mumbai-400067
