Yash Optics & Lens IPO Subscribed 42 times

Tanushree Jaiswal 4th April 2024 - 09:47 am

Yash Optics & Lens IPO (Final Subscription 42 times)

Yash Optics & Lens IPO presents book-built issue valued at Rs 53.15 crores, comprising entirely fresh issuance of 65.62 lakh shares.

Commencing its subscription on March 27, 2024, Yash Optics & Lens IPO concludes today, April 3, 2024, with allotment expected to be finalized by Thursday, April 4, 2024. IPO is slated to list on NSE SME, with tentative listing date set for Monday, April 8, 2024.

Yash Optics & Lens IPO price band is established at ₹75 to ₹81 per share, with minimum lot size requirement of 1600 Shares. Retail investors are required to invest minimum amount of ₹129,600, while HNI investors must commit to 2 lots (3,200 shares), totaling ₹259,200.

Yash Optics & Lens IPO has shreni Shares Limited as their book running lead manager, while Bigshare Services Pvt Ltd is registrar for issue. Market maker for Yash Optics & Lens IPO is Rikhav Securities.

Yash Optics & Lens IPO Subscription Status

Yash Optics & Lens IPO subscribed 42.00 times. Public issue subscribed 32.11 times in retail category, 19.88 times in QIB, & 85.24 times in NII category by 3^rd April, 2024 5:30:0 PM.

Investor Category	Subscription (times)	Shares Offered	Shares bid for	Total Amount (Rs Cr.)
Anchor Investors	1	17,02,400	17,02,400	13.79
Market Maker	1	3,31,200	3,31,200	2.68
Qualified Institutions	19.88	11,64,800	2,31,55,200	187.56
Non-Institutional Buyers	85.24	11,10,400	9,46,56,000	766.71
Retail Investors	32.11	22,52,800	7,23,44,000	585.99
Total	42.00	45,28,000	19,01,55,200	1,540.26
Total Application : 45,215

Subscription status of Yash Optics & Lens IPO indicates robust investor interest, with public issue oversubscribed by remarkable 42 times. This overwhelming response underscores strong market demand for company's shares. Notably, retail investors exhibited significant enthusiasm, subscribing 32.11 times, reflecting widespread retail participation in IPO.

Institutional investors also showed considerable interest, with Qualified Institutional Buyer (QIB) category witnessing subscription of 19.88 times. This demonstrates institutional confidence in company's prospects & offerings. Non-Institutional Buyers (NII) category, comprising high-net-worth individuals & corporate investors, displayed exceptional interest, oversubscribing by impressive 85.24 times, indicating high investor confidence & appetite for IPO.

Anchor investor & market maker categories saw full subscription, signalling early investor confidence in IPO. Total amount garnered from IPO subscription stands at ₹ 1,540.26 crore, highlighting substantial capital inflow attracted by offering.

Overall, robust subscription levels across investor categories reflect positive market sentiment & strong investor confidence in Yash Optics & Lens. Oversubscription indicates favourable reception for IPO, suggesting potential for successful listing & positive investor returns.

Yash Optics & Lens Allocation Quota for Various Categories

Investor Category	Shares Allocated in IPO
Market Maker Shares	141,600 shares (5.00% of total issue size)
Anchor Allocation Portion	1,702,400 shares (25.94% of total issue size)
QIB Shares Offered	1,164,800 shares (17.75% of total issue size)
NII (HNI) Shares Offered	1,110,400 shares (16.92% of total issue size)
Retail Shares Offered	2,252,800 shares (34.33% of total issue size)
Total Shares Offered	6,561,600 shares (100.00% of total issue size)

Data Source: NSE

Anchor investor allocation for Yash Optics & Lens IPO stands at 25.94% of total shares offered, totaling 1,702,400 shares.
Notable participants include Finavenue Capital Trust, Indi Equity Fund 1, & Craft Emerging Market Fund, each securing significant portions.
This strong anchor investor interest indicates confidence in IPO, potentially signaling positive market sentiment & setting favorable tone for IPO's debut.

Such participation from reputable investors may enhance IPO's credibility & attract further investor attention.

Yash Optics & Lens IPO Subscription Details (times)

Date	QIB	NII	Retail	Total
Day 1 Mar 27, 2024	1.38	0.11	0.41	0.59
Day 2 Mar 28, 2024	1.70	0.20	0.87	0.92
Day 3 Apr 1, 2024	1.70	0.65	1.77	1.48
Day 4 Apr 2, 2024	1.70	3.29	6.05	4.26
Day 5 Apr 3, 2024	19.88	85.24	32.11	42.00

As of 3rd April, 2024 5:30:0 PM,

Subscription details of Yash Optics & Lens IPO over course of five days reveal progressive increase in investor participation & confidence.

On Day 1, subscription levels were relatively modest across all categories, with QIB, NII, & retail segments showing minimal interest.

Day 2 witnessed slight uptick in subscription levels, indicating growing interest from investors, particularly in retail category.

Momentum continued to build on Day 3, with subscription levels across all segments showing notable increase. QIB & NII categories saw moderate rise, while retail participation surged significantly.

By Day 4, there was substantial jump in subscription numbers, particularly in NII category, reflecting heightened investor confidence & growing anticipation for IPO.

Finally, on Day 5, subscription levels peaked, with QIB, NII, & retail categories witnessing significant oversubscription, indicating robust investor demand & confidence in IPO.

Overall, subscription journey of Yash Optics & Lens IPO demonstrates steady progression of investor interest & confidence over five-day period, culminating in strong oversubscription across all investor categories by end of subscription period.

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Tanushree Jaiswal

Disclaimer: Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.

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