Yash Optics & Lens IPO

Yash Optics & Lens IPO will open for subscription from 27 March 2024. The company aims for an issue size of ₹53.15 Cr through this IPO.

Company Overview

Full nameYash Optics & Lens Limited
IndustryMedical Equipment / Supplies / Accessories
Company Websitehttps://yashopticsandlens.com/

About Company

Yash Optics & Lens was founded in 2010 and provides an extensive array of vision correction solutions. The company primarily focuses on manufacturing, trading, distributing, and supplying a comprehensive range of spectacle and optical lenses. Yash Optics and Lens offers everything from single-vision lenses to advanced progressive lenses, customized progressive lenses, personalized progressives for professionals, and a wide range of coatings.

Over time, the company diversified its product portfolio by adding brands like Seto and IRIS. It also expanded its network and distribution channels across Maharashtra, Gujarat, and Rajasthan. HOYA Lens India Private Limited also designates the company as the exclusive distributor to sell, market, and distribute the ‘Pentax’ brand of Ophthalmic lenses in India. The company’s manufacturing facility is in Kandivali (West), Mumbai. With a nationwide presence and distribution network, it serves the domestic market across India. As of 31 December 2023, the company had a workforce of over 106 employees.

The Objectives of the Issue

  • 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 IPO Timetable

IPO Opening date27 March 2024
IPO Closing03 April 2024
Basis of Allotment04 April 2024
Initiation Refund05 April 2024
Credit to Demat Account05 April 2024
Listing Date08 April 2024
(Cut-off time for UPI mandate confirmation – 5 PM on April 3, 2024)

Yash Optics & Lens IPO details

Issue typeBook Built Issue IPO
IPO issue size₹53.15 Cr – 6,561,600 shares
Fresh Issue₹53.15 Cr – 6,561,600 shares
Offer for saleNil
Face value₹10 per share
Price Band ₹75 to ₹81 per share
Lot size1600 Shares
Market Maker portion331,200 shares
Shareholding pre-issue18,204,000
Shareholding post-issue24,765,600
Listing ExchangeNSE SME

Yash Optics & Lens IPO Lot Size

Retail (Min)11600₹129,600
Retail (Max)11600₹129,600
HNI (Min)23,200₹259,200

Yash Optics & Lens IPO Reservation Details

QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Yash Optics & Lens Financial Performance

 FY 2021FY 2022FY 2023H1 FY 2024
Net income1.066.828.074.23
(Amount in ₹ Crores)

Yash Optics & Lens Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio16.48 – 17.80
RONW (%)24.9261.6942.20
ROCE (%)15.5048.9130.28
EBITDA (%)13.7434.3531.36

Company Promoters

  • Mr. Tarun Manharlal Doshi
  • Mr. Dharmendra M Doshi
  • Mr. Chirag Manharlal Doshi.

Promoter Holding

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

Yash Optics & Lens IPO Lead Manager(s)

A/007, Western Edge – II, Kanakia Space,
Behind Metro Mall, off Western Express Highway,
Magathane, Borivali East, Mumbai – 400066, Maharashtra
Phone: 022 2089 7022
Email: shrenishares@gmail.com
Website: www.shreni.in

Yash Optics & Lens Registrar

S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email:  ipo@bigshareonline.com
Website: www.bigshareonline.com

Yash Optics & Lens Contact Details

1st, Floor, Unit 70A, Kandivali Industrial Estate,
Charkop, Kandivali West, Mumbai-400067, Maharashtra
Phone: +91 9903231000
E-mail: investors@yashopticsandlens.com
Website: www.yashopticsandlens.com

Yash Optics & Lens IPO Allotment Status

Yash Optics and Lens IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.

Final thoughts

Yash Optics & Lens IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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