Yash Optics & Lens Limited

27 Mar 2024 - 03 Apr 2024 Individual Category SME IPO NSE

Min Investment

₹240000

Price Band

₹75-₹81

Issue Size

48.59 lakhs
Equity Shares

Lot Size

1600 (per lot)

IPO Dates
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27 Mar 2024

Open Date

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03 Apr 2024

Close Date

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04 Apr 2024

Allotment Date

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08 Apr 2024

Listing Date

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. 

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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.  

Founded

2010

Managing Director

Tarun Manharlal Doshi

Parent Organization

IPO Objectives

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. 

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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How to Apply for IPO

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IPO Allotment

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