Bookbuilding IPO | ₹53 Cr | Listed at NSE SME | Wed, Mar 27, 2024 - Wed, Apr 3, 2024
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 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,29,600 (1600 shares) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Mar 27, 2024
IPO Close
Wed, Apr 3, 2024
Issue Price
₹81 per share
Market Cap (Pre-IPO)
₹200.60 Cr
| IPO Date | 27 Mar to 3 Apr, 2024 |
| Listed on | Mon, Apr 8, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹75 to ₹81 |
| Issue Price | ₹81 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 65,61,600 shares (agg. up to ₹53 Cr) |
| Reserved for Market Maker | 3,31,200 shares Rikhav Securities Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 62,30,400 shares (agg. up to ₹50 Cr) |
| Net Offered to Public | 62,30,400 shares (agg. up to ₹50 Cr) |
| Share Holding Pre Issue | 1,82,04,000 shares |
| Share Holding Post Issue | 2,47,65,600 shares |
| NSE Symbol | YASHOPTICS |
| ISIN | INE0TO601017 |
Yash Optics IPO comprises a total issue size of 65,61,600 shares. The net offer to the public is 62,30,400 shares, after excluding 3,31,200 shares allotted on a firm basis. Of the Net offer 28,67,200 (46.02%) are allocated to QIB, 11,10,400 (17.82%) allocated to NII 22,52,800 (36.16%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 28,67,200 | 46.02% | 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 | 17.82% | 16.92% |
| Retail Shares Offered | 22,52,800 | 36.16% | 34.33% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,31,200 | 5.05% | |
| Total Shares Offered | 65,61,600 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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 |
Yash Optics IPO raises ₹13.79 crore from anchor investors. Yash Optics IPO Anchor bid date is March 26, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Mar 26, 2024 |
| Shares Offered | 17,02,400 |
| Anchor Portion (₹ Cr.) | 13.79 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, May 4, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Jul 3, 2024 |
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.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 54.13 | 34.14 | 24.45 | 12.15 |
| Total Income | 18.69 | 39.80 | 29.86 | 14.98 |
| Profit After Tax | 4.23 | 8.07 | 6.82 | 1.06 |
| NET Worth | 23.34 | 19.12 | 11.05 | 4.27 |
| Reserves and Surplus | 23.33 | 19.11 | 11.04 | 4.26 |
| Total Borrowing | 24.53 | 10.86 | 4.02 | 5.85 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of Capital expenditure for setting up a manufacturing unit for backward integration | 18.25 |
| 2 | Purchase of Plant and Machinery at existing manufacturing unit | 11.86 |
| 3 | Repayment/ prepayment of certain borrowings availed by our Company | 6.00 |
| 4 | Funding Working Capital Requirements of our Company and | 10.00 |
| 5 | General corporate purposes | 3.78 |
| KPI | Sep 30, 2023 |
|---|---|
| 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 (₹) | 4.43 | 3.41 |
| P/E (x) | 18.28 | 23.74 |
| Promoter Holding | 97.45% | 71.63% |
| Market Cap | ₹200.60 Cr. |
The Yash Optics & Lens IPO is subscribed 42.17 times on April 3, 2024 6:21:58 PM (Day 5). The public issue subscribed 32.46 times in the retail category, 19.88 times in the QIB category, and 85.27 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 19.88 | 11,64,800 | 2,31,55,200 |
| NII* | 85.27 | 11,10,400 | 9,46,88,000 |
| Retail | 32.46 | 22,52,800 | 7,31,24,800 |
| Total | 42.17 | 45,28,000 | 19,09,68,000 |
Total Application : 45,703
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead manager fees including underwriting commission | 1.77 |
| 2 | Brokerage, selling commission and upload fees | 0.01 |
| 3 | Registrar to the Issue | 0.02 |
| 4 | Legal Advisors | 0.02 |
| 5 | Advertising and marketing expenses | 0.04 |
| 6 | Regulators including stock exchanges | 0.04 |
| 7 | Printing and distribution of offer stationary | 0.01 |
| 8 | Others, if any (market making, depositories, marketing fees, secretarial, consultancy, advisors, peer review auditors, etc.) | 1.36 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹81.00 |
| Open | ₹90.00 |
| Low | ₹90.00 |
| High | ₹94.50 |
| Last Trade | ₹92.70 |
Lead Manager Reports
Yash Optics IPO is a SME IPO of 65,61,600 equity shares of the face value of ₹10 aggregating up to ₹53 Crores. The issue is priced at ₹81 per share. The minimum order quantity is 1600.
The IPO opens on Wed, Mar 27, 2024, and closes on Wed, Apr 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 Wed, Mar 27, 2024 and closes on Wed, Apr 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 Fri, Apr 5, 2024. Check the Yash Optics IPO allotment status.
The Yash Optics IPO listing date is on Mon, Apr 8, 2024.
