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27 April 2024

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.

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	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

Yash Optics & Lens Limited IPO Timeline (Tentative Schedule)

Detail	Description
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 Limited IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	1600	₹129,600
Retail (Max)	1	1600	₹129,600
HNI (Min)	2	3,200	₹259,200

Yash Optics & Lens Limited IPO Reservation

Investor Category	Shares Offered
Anchor Investor Shares Offered	1,702,400 (25.94%)
Market Maker Shares Offered	331,200 (5.05%)
QIB Shares Offered	1,164,800 (17.75%)
NII (HNI) Shares Offered	1,110,400 (16.92%)
Retail Shares Offered	2,252,800 (34.33%)
Total Shares Offered	6,561,600 (100%)

Yash Optics & Lens Limited IPO Promoter Holding

Shareholding Pre Issue	97.45%
Shareholding Post Issue	71.63%

Yash Optics & Lens Limited IPO Investors Details

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

Company & Financials

The company started its journey in the year 2002 with trading and supplying spectacle / optical lenses under the name of M/s Yash Optics, a proprietary firm. In the year 2007 it started importing the lenses under M/s Yash Enterprises, a proprietary firm of Promoter. In the year 2012 the company started manufacturing prescription lenses under a proprietary firm.The Company provides a wide array of vision correction solutions. It is primarily engaged in the business of manufacturing, trading, distribution and supplying a comprehensive range of spectacle/optical lenses. The company is offering from single vision lenses to advanced progressive lenses, customized progressive lenses to personalized progressives for professionals along with a wide range of coatings. Its products are available across the entire range of price points enabling it to serve the entire gamut of customers from economy. The company manufactures the lenses based on order and prescription received from the customers.

Yash Optics & Lens Limited Financial Information

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

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

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.

FAQs for Yash Optics & Lens Limited IPO

Why Yash Optics & Lens IPO?

The initial public offer (IPO) of Yash Optics & Lens Limited offers an early investment opportunity in Yash Optics & Lens Limited. A stock market investor can buy Yash Optics & Lens IPO shares by applying in IPO before Yash Optics & Lens Limited shares get listed at the stock exchanges. An investor could invest in Yash Optics & Lens IPO for short term listing gain or a long term.
Yash Optics & Lens IPO what should investors do?

Yash Optics & Lens IPO offers an opportunity to buy IPO shares before they get listed at the stock exchanges.
Is Yash Optics & Lens IPO worth Investing?

As per the analysis by our lead analyst Mr. Dilip Davda, we suggest you to subscribe for long term to the Yash Optics & Lens IPO.
When will Yash Optics & Lens IPO allotment status?

The Yash Optics & Lens IPO allotment status will be available on or around April 4, 2024. The allotted shares will be credited in demat account by April 5, 2024.
When will Yash Optics & Lens IPO list?

The Yash Optics & Lens IPO will list on Monday, April 8, 2024, at NSE SME.