Yash Optics & Lens IPO is a book built issue of Rs 53.15 crores. The issue is entirely a fresh issue of 65.62 lakh shares.
Yash Optics & Lens IPO opens for subscription on March 27, 2024 and closes on April 3, 2024. The allotment for the Yash Optics & Lens IPO is expected to be finalized on Thursday, April 4, 2024. Yash Optics & Lens IPO will list on NSE SME with tentative listing date fixed as Monday, April 8, 2024.
Yash Optics & Lens IPO price band is set at ₹75 to ₹81 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹129,600. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹259,200.
Shreni Shares Limited is the book running lead manager of the Yash Optics & Lens IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Yash Optics & Lens IPO is Rikhav Securities.
Refer to Yash Optics & Lens IPO RHP for detailed information.
Yash Optics & Lens IPO Details
| IPO Date | March 27, 2024 to April 3, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹75 to ₹81 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 6,561,600 shares (aggregating up to ₹53.15 Cr) |
| Fresh Issue | 6,561,600 shares (aggregating up to ₹53.15 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 18,204,000 |
| Share holding post issue | 24,765,600 |
| Market Maker portion | 331,200 shares Rikhav Securities |
Yash Optics & Lens IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Yash Optics & Lens IPO Anchor Investors Details
Yash Optics & Lens IPO raises Rs 13.79 crore from anchor investors. Yash Optics & Lens IPO Anchor bid date is March 26, 2024.
| Bid Date | March 26, 2024 |
| Shares Offered | 1,702,400 |
| 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 & Lens IPO Timeline (Tentative Schedule)
Yash Optics & Lens IPO opens on March 27, 2024, and closes on April 3, 2024.
| IPO Open Date | Wednesday, March 27, 2024 |
| IPO Close Date | Wednesday, April 3, 2024 |
| Basis of Allotment | Thursday, April 4, 2024 |
| Initiation of Refunds | Friday, April 5, 2024 |
| Credit of Shares to Demat | Friday, April 5, 2024 |
| Listing Date | Monday, April 8, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 3, 2024 |
Yash Optics & Lens IPO Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹129,600 |
| Retail (Max) | 1 | 1600 | ₹129,600 |
| HNI (Min) | 2 | 3,200 | ₹259,200 |
| Lot Size Calculator | |||
Yash Optics & Lens IPO Promoter Holding
The promoters of the company are Mr. Tarun Manharlal Doshi, Mr. Dharmendra M Doshi, and Mr. Chirag Manharlal Doshi.
| Share Holding Pre Issue | 97.45% |
| Share Holding Post Issue | 71.63% |
About Yash Optics & Lens Limited
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 Financial Information (Restated)
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 |
| Revenue | 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 | ||||
Key Performance Indicator
The market capitalization of Yash Optics & Lens IPO is Rs 200.6 Cr.
KPI as of September 30, 2023.
| KPI | Values |
|---|---|
| ROE | 18.10 |
| ROCE | 10.38 |
| Debt/Equity | 1.05 |
| RoNW | 18.09% |
| P/BV | 6.15 |
| PAT Margin (%) | 22.62 |
Check Yash Optics & Lens IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.43 | 3.41 |
| P/E (x) | 18.28 | 23.74 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2023 that is available in RHP.
Objects of the Issue (Yash Optics & Lens IPO Objectives)
The company intends to utilize the proceeds of the Issue to meet the following objects:
- Funding of Capital expenditure for setting up a manufacturing unit for backward integration;
- Purchase of Plant and Machinery at existing manufacturing unit;
- Repayment/ prepayment of certain borrowings availed by the company;
- Funding Working Capital Requirements of the company; and
- General corporate purposes.
Yash Optics & Lens Limited Contact Details
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 Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html