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Yash Optics IPO is a book build issue of ₹53.15 crores. The issue is entirely a fresh issue of 0.66 crore shares of ₹53.15 crore.
Yash Optics IPO bidding started from Mar 27, 2024 and ended on Apr 3, 2024. The allotment for Yash Optics IPO was finalized on Apr 4, 2024. The shares got listed on NSE SME on Apr 8, 2024.
Yash Optics IPO price band is set at ₹81.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,20,000 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,59,200.
Shreni Shares Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Rikhav Securities Ltd..
Refer to Yash Optics IPO RHP for detailed Information.
| IPO Date | March 27, 2024 to April 3, 2024 |
| Listing Date | April 8, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹75 to ₹81 per share |
| Issue Price Final | ₹81 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 65,61,600 shares (aggregating up to ₹53.15 Cr) |
| Reserved for Market Maker | 3,31,200 shares Rikhav Securities Ltd. (aggregating up to ₹2.68 Cr) |
| Net Offered to Public | 62,30,400 shares (aggregating up to ₹50.47 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,82,04,000 shares |
| Share Holding Post Issue | 2,47,65,600 shares |
Yash Optics & Lens IPO offers total 65,61,600 shares. Out of which 28,67,200 (43.70%) allocated to QIB, 11,64,800 (17.75%) allocated to QIB, 11,10,400 (16.92%) allocated to NII, 22,52,800 (34.33%) allocated to RII and 17,02,400 (25.94%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,31,200 (5.05%) |
| QIB Shares Offered | 28,67,200 (43.70%) |
| − Anchor Investor Shares Offered | 17,02,400 (25.94%) |
| − QIB (Ex. Anchor) Shares Offered | 11,64,800 (17.75%) |
| NII (HNI) Shares Offered | 11,10,400 (16.92%) |
| Retail Shares Offered | 22,52,800 (34.33%) |
| Total Shares Offered | 65,61,600 (100.00%) |
Yash Optics IPO raises ₹13.79 crore from anchor investors. Yash Optics IPO Anchor bid date is March 26, 2024. Yash Optics IPO Anchor Investors list
| Bid Date | March 26, 2024 |
| Shares Offered | 17,02,400 |
| Anchor Portion Size (In Cr.) | 13.79 |
| Anchor lock-in period end date for 50% shares (30 Days) | May 4, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | July 3, 2024 |
Yash Optics IPO opens on March 27, 2024, and closes on April 3, 2024.
| IPO Open Date | Wed, Mar 27, 2024 |
| IPO Close Date | Wed, Apr 3, 2024 |
| Tentative Allotment | Thu, Apr 4, 2024 |
| Initiation of Refunds | Fri, Apr 5, 2024 |
| Credit of Shares to Demat | Fri, Apr 5, 2024 |
| Tentative Listing Date | Mon, Apr 8, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Apr 3, 2024 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,29,600 |
| Retail (Max) | 1 | 1,600 | ₹1,29,600 |
| HNI (Min) | 2 | 3,200 | ₹2,59,200 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Yash Optics & Lens Limited's revenue increased by 33.3% and profit after tax (PAT) rose by 18.32% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 5,412.63 | 3,414.26 | 2,444.86 | 1,215.25 |
| Total Income | 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 | 585.00 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Yash Optics IPO is ₹200.60 Cr.
KPI as of Sat, Sep 30, 2023.
| KPI | Values |
|---|---|
| ROE | 18.10 |
| ROCE | 10.38 |
| Debt/Equity | 1.05 |
| RoNW | 18.09% |
| PAT Margin | 22.62% |
| Price to Book Value | 6.15 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 4.43 | 3.41 |
| P/E (x) | 18.28 | 23.74 |
The company intends to utilize the proceeds of the Issue to meet the following objects:
[Dilip Davda] The company is in the highly competitive and fragmented segment of correcting eye vision solutions and related products. It marked growth in its top and bottom lines for the reported periods, but the sudden boost in pre-IPO years raise eyebrows. Based on FY24 annualized earnings, the issue appears fully priced discounting all near term positives. Well-informed investors may park funds for the medium to long term rewards. Read detail review...
| Listing Date | April 8, 2024 |
| BSE Script Code | |
| NSE Symbol | YASHOPTICS |
| ISIN | INE0TO601017 |
| Final Issue Price | ₹81 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹81.00 |
| Open | ₹90.00 |
| Low | ₹90.00 |
| High | ₹94.50 |
| Last Trade | ₹92.70 |
Yash Optics & Lens Ltd.
1st, Floor, Unit 70A,
Kandiwali Industrial Estate,
Charkop, Kandivali West, Mumbai-400067
Mumbai, Maharashtra
Phone: + 91 9903231000
Email: investors@yashopticsandlens.com
Website: https://yashopticsandlens.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Yash Optics IPO is a SME IPO of 65,61,600 equity shares of the face value of ₹10 aggregating up to ₹53.15 Crores. The issue is priced at ₹81 per share. The minimum order quantity is 1600.
The IPO opens on March 27, 2024, and closes on April 3, 2024.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Yash Optics IPO using UPI as a payment gateway. Zerodha customers can apply in Yash Optics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Yash Optics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Yash Optics IPO opens on March 27, 2024 and closes on April 3, 2024.
Yash Optics IPO lot size is 1600, and the minimum amount required for application is ₹1,29,600.
You can apply in Yash Optics IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Yash Optics IPO will be done on Thursday, April 4, 2024, and the allotted shares will be credited to your demat account by Friday, April 5, 2024. Check the Yash Optics IPO allotment status.
The Yash Optics IPO listing date is on Monday, April 8, 2024.
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