Yash Optics & Lens is getting ready to launch its initial public offering (IPO), which will begin on March 27, 2024 and the bidding will close on April 3,2024.
Company’s goal is to raise a total of ₹ 53.16 crores through its initial public offering on NSE SME Platform. Price band of ₹ 75 to ₹81 apiece is fixed for the IPO of Yash Optics & Lens . Minimum lot size to bid is 1600 shares. You can bid in multiples of the lot size. Of course there is a limit for retail investors which we will let you know.
The Red Herring Prospectus (RHP) filed by the company states that it provides a number of different options for correcting vision. The production, sales, trading, and distribution of a wide variety of spectacles and optical lenses are the primary areas of business that the company engages in. Along with single vision lenses, sophisticated progressive lenses, tailored progressives for professionals, and customizable progressive lenses, the company also provides a selection of coatings for use in progressive lenses.
For the initial public offering (IPO) of Yash Optics & Lens, Bigshare Services Pvt Ltd is serving as the registrar, while Shreni Shares Limited is serving as the book running lead manager. Market maker is the company known as Rikhav Securities.
Yash Optics & Lens IPO : Complete Details in Tabular form
In this section you will get all the important information about Yash Optics & Lens IPO like dates, lot size, application amount, retail quota, QIB quota and many more.
IPO Bidding Opening Date | March 27th, 2024 |
IPO Closing Date | April 3rd, 2024 |
Listing Date | April 8th,2024 [ tentatively ] |
IPO Price range | ₹ 75-₹ 81 apiece |
Lot Size | 1600 Shares |
Issue Type | Book built issue |
Retail Quota | Minimum 35% of net offer |
QIB Quota | 50% |
NII Quota | 15% |
Total Issue Size | 6,561,600 shares |
Fresh Issue | 6,561,600 shares |
IPO Amount | 53.15 Crores |
Purpose of Raising the Fund :
- For Working Capital Requirements of the company.
- These raised funds would be used to purchase plant and machinery at the existing manufacturing unit.
- For repayment of existing borrowings of the company
- These funds would be used as a capital expenditure for setting up a manufacturing unit for backward integration.
Yash Optics & Lens IPO Lot Size for Retailers & HNI
As we have said earlier the minimum market lot of Yash Optics & Lens is 1600 shares and the minimum amount fil the application is ₹ 129600. Retail investors can buy max of 1 Lot and in case of HNI the minimum lot size is 2. Below table clearly explains you the lot size and amount required.
Investor | Lot | Shares | Amount |
Retail Investor [ Minimum ] | 1 | 1600 | ₹ 129600 |
Retail Investor [ Maximum] | 1 | 1600 | ₹ 129600 |
HNI [ Minimum ] | 2 | 3200 | ₹ 259200 |
Yash Optics & Lens IPO : Promoters Share Holding
Mr. Tarun Manharlal Doshi, Mr. Dharmendra M Doshi, and Mr. Chirag Manharlal Doshi are the promoters of the company. And coming to the share holding, promoters altogether holds 97.45% of the total shares of the company.
After the IPO, share holding of the promoters would be around 71.63%.
Promoters Share Holding before the IPO | 97.45% |
Promoters Share Holding after the IPO issue | 71.63% |
Yash Optics & Lens IPO Dates
Starting date for bidding is March 27th and the bid will close on April 3rd, 2024. Below table clearly explains all the dates related to Yash Optics & Lens IPO Dates like allotment, listing, refund and date of shares credited to Demat Account.
IPO Bidding Starting Date | March 27th, 2024 |
IPO Closing Date | April 3rd, 2024 |
IPO Listing Date | April 8th, 2024 |
Refund of amount | April 5th, 2024 |
Credit of Shares to Demat Account | April 5th, 2024 |
Basis of Allotment | April 4th, 2024 |
Cut-off time for UPI mandate confirmation | 5 PM on April 3, 2024 |
Company Address : Contact Details :
YASH OPTICS & LENS LIMITED
1st, Floor, Unit 70A, Kandivali Industrial Estate,
Charkop, Kandivali West, Mumbai-400067, Maharashtra
Phone: +91 9903231000
E-mail: investors@yashopticsandlens.com
Website: www.yashopticsandlens.com
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