Yash Optics & Lens Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | March 27, 2024 to April 3, 2024 |
| Listing Date | April 8, 2024 |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 75 to ₹ 81 per share |
| Lot Size | 1,600 Shares |
| Total Issue Size | 65,61,600 shares (aggregating up to ₹ 53.15 Cr) |
| Fresh Issue | 65,61,600 shares (aggregating up to ₹ 53.15 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 1,82,04,000 |
| Share holding post issue | 2,47,65,600 |
| Market Maker portion | 3,31,200 shares |
About Yash Optics & Lens Limited IPO
Yash Optics & Lens Ltd. are the leading manufacturer of digital free form progressives, offering a wide array of vision correction solutions catering to the needs of one and all. Enhancing customization possibilities like reading from a distance, driving at night, reducing eye strain caused by digital devices, and much more.
They are India’s leading RX laboratory headquartered in Mumbai, India. It has carved its position over the last decades as a partner in progress for opticians in India and globally. 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 price band is set at ₹75 to ₹81 per share. The minimum lot size for an application is 1600 Shares. 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.
Objectives of Yash Optics & Lens Limited IPO
The company intends to utilize the proceeds of the Issue to meet the following objectives:-
- 1. Funding of Capital expenditure for setting up a manufacturing unit for backward integration.
- 2. Purchase of Plant and Machinery at existing manufacturing unit.
- 3. Repayment/ prepayment of certain borrowings availed by the company.
- 4. Funding Working Capital Requirements of the company.
- 5. General corporate purposes.
Yash Optics & Lens Limited IPO review
The company is in the highly competitive and fragmented segment of correcting eye vision solutions and related products. It marked growth in its top and bottom lines for the reported periods, but the sudden boost in pre-IPO years raise eyebrows. Based on FY24 annualized earnings, the issue appears fully priced discounting all near term positives. Well-informed investors may park funds for the medium to long term rewards.
Yash Optics & Lens Limited IPO Financial Information
Latest Revenue
1,869.16
₹ Crore
Profit After Tax
422.52
₹ Crore
Net Worth
2,334.01
₹ Crore
Total Borrowing
2,452.69
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2023 | 5,412.63 | 1,869.16 | 422.52 | 2,334.01 | 2,452.69 | ||||
| 31 Mar 2023 | 3,414.26 | 3,980.39 | 806.58 | 1,911.50 | 1,085.63 | ||||
| 31 Mar 2022 | 2,444.86 | 2,986.04 | 681.67 | 1,104.92 | 402.36 | ||||
| 31 Mar 2021 | 1,215.25 | 1,498.24 | 106.31 | 426.61 | 585.00 | ||||
| Amount in ₹ Crore | |||||||||
Yash Optics & Lens Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 18.10 |
| ROCE | 10.38 |
| Debt/Equity | 1.05 |
| RoNW | 18.09% |
| P/BV | 6.15 |
| PAT Margin (%) | 22.62 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.43 | 3.41 |
| P/E (x) | 18.28 | 23.74 |
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Competitive Strengths
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Yash Optics & Lens Limited IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹129,600 |
| Retail (Max) | 1 | 1600 | ₹129,600 |
| HNI (Min) | 2 | 3,200 | ₹259,200 |