Yash Optics & Lens IPO Details Today, GMP Price, Date, Review

Yash Optics & Lens IPO Details Today, GMP Price, Date, Review

OUR BUSINESS

Yash Optics & Lens provides wide array of vision correction solutions. Yash Optics & Lens is primarily engaged in the business of manufacturing, trading, distribution and supplying of comprehensive range of spectacle/opticallenses. We are offering from single vision lenses to advanced progressive lenses, customized progressive lenses to personalized progressives for professionals along with wide range of coatings. Yash Optics & Lens products are available across the entire range of price points enabling us to serve the entire gamut of customers from economy to the luxury segment. Yash Optics & Lens manufactures the lenses based on order and prescription received from the customers. Under the trading space, our company sources the spectacle/optical lenses and market the same under its own brands for further sale through distributors and own retail channels.

Yash Optics & Lens started our journey in the year 2002 with trading and supplying spectacle / optical lenses under the name of M/s Yash Optics, a proprietary firm of one of our Promoter, Mr. Chirag Manharlal Doshi. In the year 2007 we have started importing the lenses under M/s Yash Enterprises, a proprietary firm of one of our Promoter, Mr. Dharmendra M Doshi. In the year 2012 we have started manufacturing of prescription lenses under M/s Yash Lenses, a proprietary firm of one of our Promoter, Mr. Tarun Manharlal Doshi.

Yash Optics & Lens is also appointed by HOYA Lens India Private Limited, as an exclusive distributor to sell, market and distribute the “Pentax” brand of Ophthalmic lenses in India pursuant to agreement dated October 01, 2022 as per the terms and condition laid down in the said agreement.

Yash Optics & Lens manufacturing facility is situated at 71-C, Government Industrial Estate, Ganesh Nagar, Kandivali (West), Mumbai400067, India, is well equipped with required facilities including machinery, other handling equipment’s to facilitate smooth manufacturing process and easy logistics. We endeavor to maintain safety in our premises by adhering to key safety norms,established through our internal health and safety manual, accompanied by regular safety meetings.

YASH OPTICS & LENS IPO DATE & PRICE BAND DETAILS

IPO Open Date Mar 27, 2024
IPO Close Date April 3
IPO Size 6,561,600 shares (Approx ₹53.15 Cr)
Fresh Issue 6,561,600 shares (Approx ₹53.15 Cr)
Lot Size 1600 Shares
IPO Face Value ₹10 Per Equity Share"
IPO Price Band ₹70 Per Every Share
IPO Listing On NSE SME
IPO Retail Quota 35%
IPO QIB Quota 50%
IPO NII Quota 15%
DRHP Draft Click Here
Anchor Investor Click Here

YASH OPTICS & LENS IPO MARKET LOT DETAILS

Application Lot Size Shares Amount
Retail Minimum 1 1600 ₹129,600
Retail Maximum 1 1600 ₹129,600
S-HNI Minimum 2 3200 ₹259,200

OBJECTS OF ISSUE

  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 our Company.
  4.  Funding Working Capital Requirements of our Company.
  5.  General corporate purposes.

YASH OPTICS & LENS IPO ALLOTMENT & LISTING DATE (DETAILS)

IPO Open Date Mar 27, 2024
IPO Close Date April 3, 2024
Basis of Allotment April 4, 2024
Refunds April 5, 2024
Credit to Demat Account April 5, 2024
IPO Listing Date April 8, 2024

YASH OPTICS & LENS FINANCIAL REPORTS

₹ in Crores
Year Revenue Expense PAT
2023 6Month ₹18.69 ₹12.93 ₹4.23
2023 ₹39.80 ₹28.95 ₹8.07
2022 ₹29.86 ₹20.70 ₹6.82
2021 ₹14.98 ₹13.50 ₹1.06

Qualitative Factors

  • Wide range of products with ability to customize
  • In-house manufacturing facility with equipped machines and processes.
  • Brand Equity
  • Customer Centric Business Model
  • Quality assurance
  • Experienced Promoters and management team
  • PAN India Presence / Customer base across geographies
  • No Dependency on single or few customers

YASH OPTICS & LENS IPO PEER COMPARISON COMPANY

Company Name Face Value EPS P/E Ratio Ro NW (%) NAV Per
Yash Optics & Lens Limited 10 4.55 [.] 42.20% 10.79
PEER GROUP
GKB Ophthalmics Ltd 10 5.72 16.58 10.57% 5.46

OUR COMPANY PROMOTER

  • Mr. Tarun Manharlal Doshi
  • Mr. Dharmendra M Doshi
  • Mr. Chirag Manharla

YASH OPTICS & LENS COMPANY CONTACT DETAILS

1st, Floor, Unit 70A,
Kandiwali Industrial Estate,
Charkop, Kandivali West,
Mumbai- 400067, Maharashtra India
Tel No: + 91 9903231000
Email: investors@yashopticsandlens.com
Website: www.yashopticsandlens.com

YASH OPTICS & LENS IPO REGISTAR

Bigshare Services Private Limited
Address: S6-2, 6th Floor, Pinnacle Business Park, Next to
Ahura Centre, Mahakali Caves Road, Andheri (East) Mumbai
400093, India.
Telephone: +91 22 6263 8200
Facsimile: +91 22 6263 8299
Email: ipo@bigshareonline.com
Investor Grievance Email: investor@bigshareonline.com
Website: www.bigshareonline.com

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