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yash optics and lens ipo

Yash Optics & Lens IPO

  • Status: Closed
  • RHP:
  • ₹ 120,000 / 1600 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    08 Apr 2024

  • Listing Price

    ₹ 90.00

  • Listing Change

    11.11%

  • Last Traded Price

    ₹ 86.00

IPO Details

  • Open Date

    27 Mar 2024

  • Close Date

    03 Apr 2024

  • IPO Price Range

    ₹ 75 to ₹ 81

  • IPO Size

    ₹ 53.15 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    08 Apr 2024

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IPO Timeline

Yash Optics & Lens IPO Subscription Status

Last Updated: 05 April 2024 10:54 AM by 5Paisa

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.
 

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

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


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. 
 

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FAQs

Yash Optics & Lens IPO opens from 27th March to 2nd April 2024.
 

The size of Yash Optics & Lens IPO is ₹53.15 cr. 
 

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.
 

The price band of Yash Optics & Lens IPO is fixed at ₹75 to ₹81 per share. 
 

The minimum lot size of Yash Optics & Lens IPO is 1600 shares and the investment required is ₹1,20,000.
 

The share allotment date of Yash Optics & Lens IPO is 4th April 2024.
 

The Yash Optics & Lens IPO will be listed on 8th April 2024.
 

Shreni Shares Limited is the book-running lead manager for 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.