Yash Optics & Lens IPO: Open/Close Date, Price, Lot Size, Allotment & Subscription

Q: What minimum lot size can retail investors subscribe to?

The lot size for the IPO will be 1,600 shares per lot .

IPO Details

Bidding Dates

27 Mar '24 - 03 Apr '24

Minimum Investment

₹129,600 / 1 Lots ( 1600 Shares )

Price Range

₹75 - ₹81

Maximum Investment

₹129,600 / 1 Lots ( 1600 Shares )

Retail Discount

Not Applicable

Issue Size

₹53.15 Cr

Investor category and sub category

Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |

IPO Dates

Important dates with respect to IPO allotment and listing

Opening Date

Mar 27, 2024

Closing Date

Apr 3, 2024

Basis of Allotment

Apr 4, 2024

Initiation of Refunds

Apr 5, 2024

Credit of Shares to Demat

Apr 5, 2024

Listing Date

Apr 8, 2024

Cut-off time for UPI mandate confirmation

Apr 3, 2024

IPO Subscription Details

Date	QIB	NII	Retail	Total
Day 1Mar 27, 2024	1.38x	0.11x	0.40x	0.58x

IPO Subscription Status Live

Investor Category	Subscription (Times)
Qualified Institutional Buyers	1.38
Non-Institutional Buyers	0.11
Retail Investors	0.40
Total	1.58

About Yash Optics & Lens Ltd

Established in the year 2010, the company provides a wide array of vision correction solutions. They are primarily engaged in the business of manufacturing, trading, distribution and supplying of comprehensive range of spectacle/optical lenses. They offer from single vision lenses to advanced progressive lenses, customised progressive lenses to personalised progressives for professionals, along with a wide range of coatings.

Their products are available across the entire range of price points, enabling them to serve the entire gamut of customers from economy to the luxury segment. The company manufactures the lenses based on orders and prescriptions received from the customers. Under the trading space, the company sources the spectacle/optical lenses and markets the same under its own brands for further sale through distributors and its own retail channels.

The Indian eye care sector's revenues are currently estimated to be over US$ 3 billion and are expected to increase by 14% annually. Only 10% of the market is controlled by organised firms. An expansion of the industry may help the growth of organised players like Yash Optics.

Yash Optics & Lens Ltd IPO Details

Yash Optics & Lens Ltd IPO Dates

The dates for bidding for the Yash Optics & Lens IPO are March 27, 2024 to April 3, 2024.

Yash Optics & Lens Ltd IPO Price Band

Yash Optics & Lens is a book-built IPO. The exact price is ₹75 to ₹81 per share.

Yash Optics & Lens Ltd IPO Lot Size

The Yash Optics & Lens Ltd IPO lot size is 1,200 shares per lot.

Yash Optics & Lens Ltd IPO Objectives

The net proceeds from the IPO are proposed to be utilised towards the following objectives:

Funding of Capital expenditure for setting up a manufacturing unit for backward integration.
Purchase of Plant and Machinery at the existing manufacturing unit.
Repayment/ prepayment of certain borrowings.
Funding the working capital requirements of the company.
General corporate purposes.

Peer Details

Yash Optics & Lens has one listed peer in India - GKB Ophthalmics Ltd.

How To Check the Allotment Status of the Yash Optics & Lens Ltd IPO?

Steps to check IPO allotment status on Angel One’s app:

Log in to the Angel One app.
Go to the IPO Section and then to IPO Orders.
Select the individual IPO that you had applied for and check the allotment status.
Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of Yash Optics & Lens Ltd.

Registered office: 1st, Floor, Unit 70A, Kandiwali Industrial Estate, Charkop, Kandivali West, Mumbai-400067, Maharashtra India.

Phone: + 91 9903231000

E-mail: investors@yashopticsandlens.com

IPO Financials

Particulars	Year Ending on March 31, 2023	Year Ending on March 31, 2022	Year Ending on March 31, 2021
Total Revenue (in ₹ lakh)	3,980.39	2,986.04	1,498.24
Net Profit (in ₹ lakh)	806.58	681.67	106.31
ROCE	30.28%	48.91%	15.50%
Current Ratio	7.30	2.19	6.49
Inventory Turnover Ratio	1.12	1.28	1.84

Know before investing

Strengths

They offer from single-vision lenses to advanced progressive lenses, customised progressive lenses, etc., along with a wide range of coatings. Their revenue stream is thus more diversified, reducing risk.
Their products are available across the entire range of price points, enabling them to serve the entire gamut of customers from economy to the luxury segment.
Their customer base is diversified as their top ten customers provided only around 25% of their revenue in FY 2022-23.

Risks

Their existing manufacturing facility is concentrated in a single region. The business is dependent and will continue to depend on its manufacturing facility, and are hence, subject to certain risks of the manufacturing process.
They do not have long-term agreements with suppliers for their raw materials and an increase in the cost of, or a shortfall in the availability or quality of such raw materials could have an adverse effect on their business, financial condition and results of operations.
The company has had negative cash flows in the past years.