Yash Optics & Lens Limited
Book Built Issue IPO · NSE
- Price band
- ₹75 - ₹81
- Lot size
- 1,600 shares
- Issue amount
- ₹53.15 cr
- Total subscription
- 42.07×
- Opens
- 27 Mar 2024
- Closes
- 3 Apr 2024
- Allotment
- 4 Apr 2024
- Listing
- 8 Apr 2024
Offer at a glance
Issue overview
- Issue size
- 65,61,600 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,20,000
- Fresh issue
- ₹53.15 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,29,600
- Issue type
- Book Built Issue IPO
- Shares before issue
- 1,82,04,000
- Shares after issue
- 2,47,65,600
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,600 | ₹1,29,600 |
| HNI | 2 | 3,200 | ₹2,59,200 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 9.43 | 187.56 |
| RETAIL | 18.25 | 585.99 |
| NIB | 8.99 | 769.4 |
Financial performance
Company financials
in Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 2.39 | 4.55 | 3.85 |
| ROE | 18.1 | 53.48 | 89.02 |
| ROCE | 10.38 | 30.28 | 48.91 |
| RONW | 18.1 | 42.2 | 61.69 |
| PRE IPO(PE) | 6.15 | 0 | 0 |
| POST IPO(PE) | 18.28 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Yash Optics & Lens Limited, founded in 2010, is a premier provider of vision correction solutions in India, specializing in the manufacture, trade, and distribution of high-quality spectacle lenses. Offering a diverse range from single-vision to advanced progressive lenses, including customized options for professional needs, the company has established itself as a trusted name in the optical industry. Yash Optics holds exclusive distribution rights for the renowned "Pentax" brand lenses in India, further strengthening its market presence. With a state-of-the-art manufacturing facility in Kandivali (West), Mumbai, and an extensive nationwide distribution network, the company ensures accessibility to premium eyewear solutions. Backed by over a decade of expertise and a dedicated team of 106 employees as of December 31, 2023, Yash Optics & Lens Limited remains committed to innovation, quality, and excellence in vision care.
Strengths
- Strong Leadership: The company benefits from experienced promoters and a skilled management team. Their industry knowledge and strategic decision-making help the company overcome challenges and seize growth opportunities.
- Nationwide Presence: With a customer base spread across India, the company enjoys a strong market position. This broad reach reduces risks from regional economic changes and opens doors for expansion into new markets.
- Diversified Customer Base: The company isn’t dependent on just a few customers, making its revenue stream more stable. This reduces risks from losing any single client and helps build long-term growth and customer relationships.
Risk factors
- Manufacturing Location Risk: The company’s manufacturing facilities are concentrated in Mumbai, Maharashtra. Any local regulatory or economic challenges could disrupt operations and affect financial stability. Expanding to other regions could help reduce this risk.
- Inventory & Payments Management: A large portion of the company’s assets is tied up in inventory and pending customer payments. Poor management could lead to cash flow problems, increased costs, and lower profits. Efficient tracking and collection strategies are crucial to maintaining financial health.
- Cash Flow Challenges: The company has faced negative cash flows in past years, which can impact its ability to grow and operate smoothly. Strong cash flow management and cost-saving measures are necessary to improve financial stability.
Promoters
Mr. Tarun Manharlal Doshi
Mr. Dharmendra M Doshi
Mr. Chirag Manharlal Doshi
Registrar & documents
Lead manager
Shreni Shares Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
1st, Floor, Unit 70A, Kandiwali Industrial Estate, Charkop, Kandivali West, Mumbai-400067
+ 91 9903231000
[email protected]Company website ↗Understanding YASHOPTICS IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.