What you must know about Yash Optics & Lens IPO?
by 5paisa Research Team
26 Mar 2024
Listing Details
- Listing Exchange NSE SME
- Listing Date 08-Apr-24
- IPO Price Range ₹ 75 to ₹ 81
- Listing Price ₹ 90
- Listing Change 11.1%
- Last Traded Price ₹ 87
- Current Change 7.4%
Yash Optics & Lens IPO Details
- Open Date 27-Mar-24
- Close Date 03-Apr-24
- Lot Size 1600
- IPO Size ₹ 53.15 Cr
- IPO Price Range ₹ 75 to ₹ 81
- Min Investment ₹ 120,000
- Listing Exchange NSE SME
- Basis of Allotment 04-Apr-24
- Refunds 05-Apr-24
- Credit to Demat Account 05-Apr-24
- Listing Date 08-Apr-24
Yash Optics & Lens IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 27-Mar-24 | 1.38 | 0.11 | 0.40 | 0.58 |
| 28-Mar-24 | 1.70 | 0.20 | 0.87 | 0.92 |
| 01-Apr-24 | 1.70 | 0.65 | 1.77 | 1.48 |
| 02-Apr-24 | 1.70 | 3.28 | 6.04 | 4.25 |
| 03-Apr-24 | 19.88 | 85.27 | 32.46 | 42.17 |
Yash Optics & Lens IPO Synopsis
Yash Optics & Lens Limited IPO is all set to open from 27th March to 2nd April 2024. The company sells spectacle and optical lenses. The IPO includes a fresh issue of 6,561,600 shares worth ₹53.15 cr. The share allotment date is 4th April 2024, and the IPO will be listed on 8th April 2024 on the stock exchanges. The price band is ₹75 to ₹81 and the lot size is 1600 shares.
Shreni Shares Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar.
Objectives of Yash Optics & Lens IPO:
Yash Optics & Lens Limited plans to utilize the raised capital from the IPO to:
● To invest in plants & machinery.
● For working expenditure for setting up a manufacturing unit for backward integration.
● To repay or prepay the debt obtained.
● For working capital requirements.
● General Corporate Purposes.
About Yash Optics & Lens
Yash Optics & Lens Limited sells spectacle and optical lenses. The company procures these products from Indian importers and then trades in Mumbai. The company also manufactures and sells products under its own brands and distributes under its retail channels. The brand names under its product portfolio are Seto, IRIS etc.
Yash Optics & Lens has a presence and distribution channel in Maharashtra, Gujarat and Rajasthan. The company offers single-vision lenses to advanced progressive lenses, customized progressive lenses to personalized progressives, and more. It also has a brand portfolio of approximately 37 product brands.
Peer Comparison
● GKB Ophthalmics Limited
For More Information:
Webstory on Yash Optics & Lens IPO
Yash Optics & Lens Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 39.68 | 29.75 | 14.96 |
| EBITDA | 12.44 | 10.21 | 2.05 |
| PAT | 8.06 | 6.81 | 1.06 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 34.14 | 24.44 | 12.15 |
| Share Capital | 0.01 | 0.01 | 0.01 |
| Total Borrowings | 15.02 | 13.39 | 7.88 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -2.30 | 7.71 | -0.053 |
| Net cash from / (used in) investing activities | -3.97 | -4.87 | -0.041 |
| Net cash flow from / (used in) financing activities | 5.57 | -2.49 | 0.45 |
| Net increase (decrease) in cash and cash equivalents | -0.71 | 0.34 | 0.346 |
Yash Optics & Lens IPO Key Points
-
Strengths
1. The company offers a wide range of products with the ability to customize.
2. It has an in-house manufacturing facility with equipped machines and processes.
3. It has a product brand portfolio of approximately 37 product brands.
4. It is a quality focused company.
5. It has a PAN-India presence.
6. It does not rely on single or few customers.
7. A highly experienced and professional leadership team.
-
Risks
1. The business does not have long-term agreements with suppliers.
2. Inventories and trade receivables form a major part of its current assets.
3. It has reported negative cash flows in the past.
4. Restrictions on import and an increase in shipment cost can impact the business.
5. Higher working capital requirements.
Yash Optics & Lens
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Yash Optics & Lens IPO FAQs
When does the Yash Optics & Lens IPO opens and closes?
Yash Optics & Lens IPO opens from 27th March to 2nd April 2024.
What is the size of the Yash Optics & Lens IPO?
The size of Yash Optics & Lens IPO is ₹53.15 cr.
How to apply for the Yash Optics & Lens IPO?
To apply for Yash Optics & Lens IPO, follow the steps given below
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Yash Optics & Lens IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the price band of Yash Optics & Lens IPO?
The price band of Yash Optics & Lens IPO is fixed at ₹75 to ₹81 per share.
What is the minimum lot size and investment required for the Yash Optics & Lens IPO?
The minimum lot size of Yash Optics & Lens IPO is 1600 shares and the investment required is ₹1,20,000.
What is the allotment date of the Yash Optics & Lens IPO?
The share allotment date of Yash Optics & Lens IPO is 4th April 2024.
What is the Yash Optics & Lens IPO listing date?
The Yash Optics & Lens IPO will be listed on 8th April 2024.
Who are the book runners for the Yash Optics & Lens IPO?
Shreni Shares Limited is the book-running lead manager for Yash Optics & Lens IPO.
What is the objective of Yash Optics & Lens IPO?
Yash Optics & Lens plans to utilize the raised capital from the IPO to:
● To invest in plants & machinery.
● For working expenditure for setting up a manufacturing unit for backward integration.
● To repay or prepay the debt obtained.
● For working capital requirements.
● General Corporate Purposes.
Contact Details of Yash Optics & Lens IPO
Contact Information
Yash Optics & Lens Limited
1st, Floor, Unit 70A,
Kandiwali Industrial Estate,
Charkop, Kandivali West, Mumbai-400067
Phone: + 91 9903231000
Email: investors@yashopticsandlens.com
Website: https://yashopticsandlens.com/
Yash Optics & Lens IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Yash Optics & Lens IPO Lead Manager
Shreni Shares Limited
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