Yash Optics & Lens Limited IPO is set to launch on 27 March, 2024. The company initiated its business operations in the year 2010. It offers vision correction solutions. The company is engaged in trading, manufacture, supply and distribution of spectacle lenses / optical lenses. It also offers single vision lenses to advanced progressive lenses, customised progressive lenses to personalised progressive lenses for a wide range of coatings as well as for professionals. It is the official distributor for sale, distribution and marketing of Pentax brand of HOYA Lens India Private Limited. The manufacturing facility of the firm is located in Mumbai and has a good distribution network pan India. It has an employee base of 106 people.
Yash Optics & Lens Limited IPO DETAILS
Yash Optics & Lens Limited IPO is set to launch on 27 March, 2024. The subscription timeline extends till 3 April, 2024. The size for the IPO is 53.15 Crore Rs. Shares issued through fresh issue mode are worth Rs 53.15 Crore. No shares are issued through offer for sale mode. The lot size is 1600 shares and the price is 75 Rs to 81 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Book Built Issue. The registrar for the company is BigShare Services Private Limited.
Tabular Description of Yash Optics & Lens Limited IPO
| IPO OPENING DATE | 27 March, 2024 |
| CLOSING DATE FOR IPO | 3 April, 2024 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 75 Rs to 81 Rs per share |
| LOT SIZE | 1600 shares |
| MINIMUM ORDER QUANTITY | 1600 shares |
| ISSUE SIZE | 53.15 Crore Rs. |
| OFFER FOR SALE | No shares are issued through offer for sale mode |
| FRESH ISSUE | 53.15 Crore Rs. |
| LISTING AT | NSE SME |
| LISTING DATE | 8 April, 2023 |
Yash Optics & Lens Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 27 March, 2024 |
| CLOSING DATE FOR IPO | 3 April, 2024 |
| IPO ALLOTMENT DATE | 4 April, 2024 |
| REFUNDS | 5 April, 2024 |
| DEMAT A/C CREDITED ON | 5 April, 2024 |
| IPO LISTING DATE | 8 April, 2024 |
Yash Optics & Lens Limited IPO begins for subscription from 27 March, 2024. The IPO subscription would continue till 3 April, 2024. The allotment status for the shareholders who applied would come on 4 April, 2024. The refunds for the ones who did not get allotment would be initiated on 5 April, 2024. The DEMAT accounts of shareholders would be credited on 5 April, 2024. The listing of the company would be completed on 8 April, 2024.
Yash Optics & Lens Limited IPO : Lead Managers
The lead managers are :
- Shreni Shares Limited
The minimum lot size for the company is decided at 1600 shares. This holding accounts to 129600 Rs.. The maximum lot size is decided at 3200 shares (HNI). This amounts to 259200 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 1600 shares | 129600 Rs. |
| Maximum | 3200 shares | 259200 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2020-21 | 2021-22 | 2022-23 |
| Asset | 1215 | 2444 | 3414 |
| Revenue | 1498 | 2986 | 3980 |
| PAT | 106 | 681 | 806 |
Yash Optics & Lens Limited had an asset base of 1215 Lakh Rs in 2021 which increased to 2444 Lakh Rs in 2022. The asset base of the firm was 3414 lakh Rs in the year 2023. The revenue of the company was 1498 Lakh Rs in 2021. This increased to 2986 lakh Rs in 2022 and 3980 Lakh Rs in 2023. The profit of the firm was 106 Lakh Rs in 2021, 681 Lakh Rs in 2022 and 806 Lakh Rs in 2023.
PROS
- The company is engaged in trading, manufacture, supply and distribution of spectacle lenses / optical lenses.
- It also offers single vision lenses to advanced progressive lenses, customised progressive lenses to personalised progressive lenses for a wide range of coatings as well as for professionals.
- It is the official distributor for sale, distribution and marketing of Pentax brand of HOYA Lens India Private Limited.
- The manufacturing facility of the firm is located in Mumbai and has a good distribution network pan India.
- It has an employee base of 106 people.
Yash Optics & Lens Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Yash Optics & Lens Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
