Yash Optics & Lens was incorporated in July 2010. The company is primarily engaged in manufacturing, trading, distributing, and supplying a comprehensive range of spectacle/optical lenses. Its offerings range from single-vision lenses to advanced progressive lenses, customized progressive lenses, and personalized progressives for professionals, along with a wide range of coatings.
| Bidding Dates |
|---|
| 27 Mar 2024 - 03 Apr 2024 |
| Subscription |
|---|
| 39.37x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,20,000 | 1 | 1 | 1600 | 6.6 M | ₹75 - ₹81 | 71.63 % | ₹492.1 M - ₹531.5 M | RHP DOC |
Yash Optics & Lens IPO SUBSCRIPTION STATUS
03 Apr '24Yash Optics & Lens IPO overall subscription rate was 39.37 times the total available shares
Yash Optics & Lens IPO retail subscription rate was 43 times in the retail segment
Yash Optics & Lens IPO non-institutional investor subscription rate was 130.36 times in the non-institutional investor category
Yash Optics & Lens IPO Qualified Institutional Bidder subscription rate was 9.53 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
03 Apr 2024 (Day 5) | 43x | 130.36x | 9.53x |
02 Apr 2024 (Day 4) | 7.94x | 5.43x | 0.82x |
01 Apr 2024 (Day 3) | 2.32x | 1.45x | 0.82x |
28 Mar 2024 (Day 2) | 1.14x | 0.76x | 0.82x |
27 Mar 2024 (Day 1) | 0.52x | 0.17x | 0.66x |
Yash Optics & Lens FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY24 | 42.3 | 186.6 | 47.2 | -126.6 | 37.0% |
| FY23 | 80.7 | 396.9 | -23.1 | -63.0 | 31.4% |
| FY22 | 68.2 | 297.5 | 77.2 | 28.3 | 34.4% |
| FY21 | 10.6 | 149.6 | -0.5 | -1.0 | 13.7% |
Yash Optics & Lens IPO SUBSCRIPTION STATUS DETAILS
Yash Optics & Lens had 6.6 M shares on offer
Yash Optics & Lens IPO offer price was in the range ₹75 - ₹81
Yash Optics & Lens IPO minimum Investment was ₹120000
Yash Optics & Lens IPO issue size was ₹ 492.1 M - ₹ 531.5 M
Yash Optics & Lens had a minimum lot size of 1600 Shares per application
Yash Optics & Lens NUMBER OF SHARES ON OFFER
Yash Optics & Lens IPO IMPORTANT DATES
| Issue Open Date | 27 Mar 2024 |
| Issue close Date | 03 Apr 2024 |
| Allotment Date | 04 Apr 2024 |
| Refund Date | 05 Apr 2024 |
| Demat Account Credit Date | 05 Apr 2024 |
| Listing Date | 08 Apr 2024 |
| Listing on Exchange(s) | NSE |
| Yash Optics & Lens Allotment Status | Exchange |
Yash Optics & Lens IPO subscription opened on 27 Mar 2024, and closed on 03 Apr 2024
IPO allotment for Yash Optics & Lens was finalized on Thursday, 04 Apr 2024
IPO listing for Yash Optics & Lens was on NSE on Monday, 08 Apr 2024
Yash Optics & Lens IPO LISTING GAINS
| Issue Price (adjusted) | 81.0 |
| Listing Open Price | 90.0 |
| Listing Close Price | 92.7 |
| Listing Gain% | 11.1% |
| Current Gain% | 42.6% |
Yash Optics & Lens Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Yash Optics & Lens Ltd. | 115.5 | 286 | 31.6 | -5.6 | 5.2 | 9.1 | 7.8 | 55.3 | 20.1 | 9 | -5.6 | 3.7 | -5.6 |
| Dr. Lal Pathlabs Ltd. | 1931.6 | 32421.7 | 59.8 | 10.7 | 11.2 | 20.1 | 16 | 2864.2 | 12.1 | 504.8 | 3.6 | 32.3 | 5.6 |
| Inventurus Knowledge Solutions Ltd. | 1737.7 | 29814.3 | 39 | 1 | 8.9 | 25.8 | 16.9 | 3211 | 18.8 | 721.6 | 48.4 | 44.5 | 40.9 |
| Vijaya Diagnostic Centre Ltd. | 1351.1 | 13916 | 74.2 | 3 | 16.2 | 18.1 | 11.5 | 835 | 19.3 | 173 | 20.9 | 18.2 | 24.9 |
| Indegene Ltd. | 554.4 | 13357.5 | 33.3 | -4.2 | 3.5 | 12.8 | 8.7 | 3582.5 | 21.6 | 401.1 | -1.4 | 16.6 | -7.9 |
| Metropolis Healthcare Ltd. | 563.2 | 11680.1 | 57.9 | 1.8 | 6.8 | 12.6 | 8.9 | 1671.4 | 24.1 | 190 | 31.1 | 9.7 | 32.6 |
Yash Optics & Lens INFORMATION ON IPO ISSUE
About Yash Optics & Lens
Yash Optics & Lens was incorporated in July 2010. The company is primarily engaged in manufacturing, trading, distributing, and supplying a comprehensive range of spectacle/optical lenses. Its offerings range from single-vision lenses to advanced progressive lenses, customized progressive lenses, and personalized progressives for professionals, along with a wide range of coatings.
Object of the Issue
- Funding capital expenditure for setting up a manufacturing unit for backward integration.
- Purchasing plant and machinery for the existing manufacturing unit.
- Repayment or prepayment of certain borrowings availed by the company.
- Funding the working capital requirements of the company.
- Allocation for general corporate purposes.
Yash Optics & Lens - PROMOTERS
| Name |
|---|
| Tarun Manharlal Doshi |
| Dharmendra M Doshi |
| Chirag Manharlal Doshi |
Yash Optics & Lens Lead Manager of the Issue
Sherni Shares Limited
shrenishares@gmail.com
Yash Optics & Lens Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Yash Optics & Lens Strengths
Wide range of products
The company is primarily engaged in the manufacturing, trading, distribution, and supplying of a comprehensive range of spectacle/optical lenses
Brand equity
The company has a product brand portfolio of approximately 37 brands, including "Pentax". This portfolio comprises both registered and unregistered brands
Quality assurance
The company's manufacturing facility is accredited with ISO 9001:2015 certification for its quality management system. This certification covers the manufacturing, import, export, trading, stockist, and supply of ophthalmic lenses and ophthalmic products
Yash Optics & Lens Risks
Outstanding litigation
The company is involved in certain outstanding litigation, the adverse outcome of which may negatively impact its business, reputation, and results of operations
Negative cash flows
The company experienced negative cash flows in past years. Sustained negative cash flow could potentially impact its growth and business
Competition
The company faces competition from alternative technologies and treatments that offer substitutes for optical/spectacle lenses
IPO FAQs
The promoters of the company are Tarun Manharlal Doshi, Dharmendra M Doshi and Chirag Manharlal Doshi.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 75.0 - 81.0.
The IPO application opens on Mar 27, 2024 and closes on Apr 03, 2024.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 120,000.0, the maximum value for this IPO is Rs 129,600.0.
This IPO will be allotted on Apr 04, 2024.
The refund will be credited to your account on Apr 05, 2024.
The allotted shares will be credited to your demat on Apr 05, 2024.
Yash Optics & Lens Ltd.’s shares listed on the stock exchanges on Apr 08, 2024.