22-Mar-2024
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Yash Optics & Lens IPO is open for subscription starting from Wednesday, March 27, 2024, and will close on Wednesday, April 3, 2024. The price band of this upcoming IPO is decided at Rs 75 to Rs 81 per share. The minimum lot size of this application for the retail category is 1600 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 3200 shares. The minimum amount of investment required for retail category investors is Rs 1,29,600 (81 x 1600 shares). However, for the HNI category, the minimum investment amount required is Rs 2,59,200 (81 x 3200 shares).
Yash Optics & Lens IPO is a book-built issue of Rs 53.15 crores. This upcoming IPO issue is completely a fresh issue of 65.62 lakh equity shares. The offer for sale component is not available in this issue. The allotment for this new IPO is expected to be finalised on Monday, April 4, 2024. Yash Optics & Lens IPO will be listed on NSE SME, and the listing date is fixed on Monday, April 8, 2024. The book-running lead manager of Yash Optics & Lens IPO is Shreni Shares Limited. The registrar for this IPO is Bigshare Services Private Limited. The market maker for this IPO is Rikhav Securities.
About Yash Optics & Lens Limited
Yash Optics & Lens Limited was founded in 2010, engaged in the business of manufacturing, trading, distribution and supply of spectacle lenses and optical lenses. Company offers single vision lenses to advanced progressive lenses, customised progressive lenses to personalised progressive lenses for every type of professional. Yash Optics & Lens Company is the fastest growing technology driven company from India. Company had expertise in manufacturing optical lenses. Company is adopting a freeform digital new progressive lens technology through computer aided design and surfacing to create high level, customised eyeglass for every unique prescription with maximum optics. HOYA Lens India Private Limited has appointed the company as the exclusive distributor for sale, marketing and distribution of Pentax. The manufacturing facility of Yash Optics & Lens is located in Mumbai. The company has a wide presence in India and has wide distribution for the domestic market. As per record on December 31, 2023, the company employed over 106 people.
Objectives of Yash Optics & Lens IPO
The objective of this new issue is to raise funds from the general public. The amount will be utilised for the funding the capital expenditure for setting up a manufacturing unit for backward integration. Moreover, the funds will also be used for purchasing of Plant and Machinery at the existing manufacturing unit. Also, for the repayment and prepayment of certain borrowings availed by the company. Other than this, funds will be used for working capital requirements.
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Financials of Yash Optics & Lens Limited (Amt in Rs Lakhs)
Yash Optics & Lens posted a revenue of Rs 1869.16 lakhs and net profit of Rs 422.52 lakhs for the period ending on 30 September 2023. The revenue increased by 33.3% and profit after tax increased by 18.32% between the financial year ending with 31 March 2023 and 31 March 2022.
| Period Ended | 30-Sep-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| 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 |
Other Important Details of Yash Optics & Lens IPO
| IPO Date | March 27, 2024 to April 3, 2024 |
| Listing Date | 8-Apr-24 |
| Face Value | Rs 10 per share |
| Price Band | Rs 75 to Rs 81 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 6,561,600 shares amounting to Rs 53.15 crore |
| Fresh Issue | 6,561,600 shares amounting to Rs 53.15 crore |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 18,204,000 |
| Shareholding post issue | 24,765,600 |
| Market Maker portion | 331,200 shares |
Time-Table of Yash Optics & Lens IPO
| 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 | 5 PM on April 3, 2024 |
Lot Size of Yash Optics & Lens IPO
| Application | Lots | Shares | Amount |
| Retail - Minimum | 1 | 1600 | Rs 129,600 |
| Retail - Maximum | 1 | 1600 | Rs 129,600 |
| HNI - Minimum | 2 | 3,200 | Rs 259,200 |
IPO Reservation of Yash Optics & Lens Limited
| Investor Category | Shares Offered |
| QIB Shares | Not more than 50 percent of the Issue |
| Retail Shares | Not less than 35 percent of the Issue |
| NII (HNI) Shares | Not less than 15 percent of the Issue |
Key Performance Indicator of Yash Optics & Lens Limited IPO
| KPI | Values |
| ROE | 18.1 |
| ROCE | 10.38 |
| Debt/Equity | 1.05 |
| RoNW | 18.09% |
| P/BV | 6.15 |
| PAT Margin | 22.62% |
EPS and P/E Ratio Post IPO
| Pre IPO | Post IPO | |
| EPS (Rs) | 4.43 | 3.41 |
| P/E | 18.28 | 23.74 |
Promoters of Yash Optics & Lens Limited and Their Holdings
The promoters of Yash Optics & Lens company are Mr. Tarun Manharlal Doshi, Mr. Dharmendra M Doshi, and Mr. Chirag Manharlal Doshi.
| Shareholding Pre Issue | 97.45 percent |
| Shareholding Post Issue | 71.63 percent |
Lead Manager(s) of Yash Optics & Lens IPO
The lead manager for Yash Optics & Lens IPO is Shreni Shares Limited.
How do you apply for the Yash Optics & Lens IPO?
Wait for the public issue to open for subscription, then click here to apply for the Yash Optics & Lens Limited IPO with Bigul.
How do you check the allotment status of Yash Optics & Lens IPO?
The registrar for Yash Optics & Lens IPO is Bigshare Services Private Limited. To check your allotment status, please click here.
FAQs
- What is Yash Optics & Lens IPO?
Yash Optics & Lens IPO is a book-built issue of Rs 18.14 crores. This upcoming IPO issue is completely a fresh issue of 10.8 lakh equity shares. The offer for sale component is not available in this issue. The allotment for this new IPO is expected to be finalised on Monday, April 1, 2024.
- Who are the lead managers for the Yash Optics & Lens Limited IPO?
Shreni Shares Limited is appointed as the lead manager for the IPO.
- What is the role of Bigshare Services Private Limited in this IPO?
Bigshare Services Private Limited is the registrar for Yash Optics & Lens Limited, handling the IPO's administrative aspects.
- How can I apply for the Yash Optics & Lens IPO?
The public subscription of this new IPO will open on March 27, 2024. Click here to initiate the application process.
- How will the net proceeds from the IPO be utilised?
The objective of this new issue is to raise funds from the general public. The amount will be utilised for the funding the capital expenditure for setting up a manufacturing unit for backward integration. Moreover, the funds will also be used for purchasing of Plant and Machinery at the existing manufacturing unit.
- How can I check the allotment status of the IPO?
Investors who applied can check the allotment status of the Yash Optics & Lens Limited IPO 2024 by visiting here.
- What is the financial performance of Yash Optics & Lens Limited?
Yash Optics & Lens posted a revenue of Rs 1869.16 lakhs and net profit of Rs 422.52 lakhs for the period ending on 30 September 2023. The revenue increased by 33.3% and profit after tax increased by 18.32% between the financial year ending with 31 March 2023 and 31 March 2022.
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