IPO Details
Bidding Dates
27 Mar 24 - 03 Apr 24
Price Range ₹
75 - 81
Total Equity
₹ 53.15Cr
Lot Size
1600
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
27 Mar 2024
Offer end
03 Apr 2024
Allotment
04 Apr 2024
Refund initiation
05 Apr 2024
Demat transfer
05 Apr 2024
Listing
08 Apr 2024
Offer start
27 Mar 2024
Offer end
03 Apr 2024
Allotment
04 Apr 2024
Refund initiation
05 Apr 2024
Demat transfer
05 Apr 2024
Listing
08 Apr 2024
About Company
Established in 2010, Yash Optics & Lens specializes in a diverse range of vision correction solutions. The company's core operations revolve around the manufacturing, trading, distribution, and supply of a wide variety of spectacle and optical lenses. Yash Optics & Lens offers an extensive selection, from single-vision lenses to advanced progressive lenses, customized options, personalized choices for professionals, and an array of coatings.
Year Founded
23-07-2010
Promotor Details
Tarun Manharlal Doshi
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 97.45 | 71.63 |
| Share Capital | 17740300 | 17740300 |
Offer to Public
65,61,600.00 Cr
Project Details
- Purchase of Plant and Machinery at existing manufacturing unit - 118.576cr
- General corporate purposes - 37.834cr
- Repayment/ prepayment of certain borrowings availed by our Company - 60cr
- Funding Working Capital Requirements of our Company and - 100cr
- Funding of Capital expenditure for setting up a manufacturing unit for backward integration - 182.5cr
Objectives
- Funding of Capital expenditure for setting up a manufacturing unit for backward integrationPurchase of Plant and Machinery at existing manufacturing unit Repayment/ prepayment of certain borrowings availed by our CompanyFunding Working Capital Requirements of our Company andGeneral corporate purposes
Highlights
- Rigorous quality assurance measures ensuring top-notch product standards.
- Business approach centered on customer needs and satisfaction.
- Established brand reputation recognized for its reliability and excellence.
- In-house manufacturing facility equipped with advanced machinery and streamlined processes.
- Diverse product lineup featuring customizable options to suit individual needs.
Challenges
- Concentrated manufacturing in Mumbai poses risks to business continuity and growth.
- Operational risks in manufacturing process could impact business operations.
- Exclusive distributor agreement with HOYA Lens India for "Pentax" lenses is crucial for operations.
- Limited operating history post asset acquisition may challenge investor evaluation.
- The company's outstanding litigation poses risks to its business and reputation.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2023 | 3,404.57 | 1.00 | 902.27 | 902.27 | 4.9564 |
| 2024 | 6,057.07 | 1,820.40 | 106.31 | 106.31 | 0.6003 |
| 2022 | 2,443.79 | 1.00 | 902.27 | 902.27 | 4.9564 |
| 2021 | 1,211.04 | 1.00 | 681.67 | 681.67 | 3.8491 |
