Yash Optics & Lens IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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Table of Contents

What is the business of Yash Optics & Lens?

Established in the year 2010, initially the Company was engaged in trading and distribution of spectacle and optical lenses which were sourced from Indian importers and traded in Mumbai. Over the years, it has increased its product portfolio with brands like Seto, IRIS etc. and expanded its network & distribution channel in Maharashtra, Gujarat and Rajasthan.
Under the trading space, the company sources the spectacle/optical lenses and market the same under its own brands for further sale through distributors and own retail channels.

In order to achieve the synergy benefits from combining the proprietary concern, the Company has acquired M/s Yash Lenses in the year 2021-22 through The Business Transfer Agreement among M/s Yash Lenses and Yash Optics & Lens Private Limited dated April 01, 2021 for a Consideration of Rs.724.73 Lakhs which was the NAV of the assets taken over, all the assets and liabilities have been valued at the book value as appearing in the books of M/s Yash Lenses. Before the said acquisition, the Company was engaged only in trading and distribution of a wide range of optical and spectacle lenses. Post the said acquisition, the Company has started manufacturing of spectacle / optical lenses in its own name.

The Company 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.
Its manufacturing facility is situated at 71-C, Government Industrial Estate, Ganesh Nagar, Kandivali (West), Mumbai 400067, India, is well equipped with required facilities including machinery, other handling equipment’s to facilitate smooth manufacturing process and easy logistics.

Get more information about the company @ https://yashopticsandlens.com/

Who are the Promoters of Yash Optics & Lens IPO?
The promoters of the company are Mr. Tarun Manharlal Doshi, Mr. Dharmendra M Doshi, and Mr. Chirag Manharlal Doshi.

What are the Objects of Yash Optics & Lens IPO?

The Offer comprises only of a Fresh Issue of Equity shares.

The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:

Funding of Capital expenditure for setting up a manufacturing unit for backward integration;
Purchase of Plant and Machinery at existing manufacturing unit;
Repayment/ prepayment of certain borrowings availed by the company;
Funding Working Capital Requirements of the company; and
General corporate purposes.

Yash Optics & Lens IPO To the point Guidance
Established in the year 2010, initially the Company was engaged in trading and distribution of spectacle and optical lenses which were sourced from Indian importers and traded in Mumbai. Post the said acquisition, the Company has started manufacturing of spectacle / optical lenses in its own name. The Company 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.
Size:  The net size of the IPO is Rs.50.47 Cr comprising of 6230400 shares. The HNI portion is just Rs.7.57 Cr and Retail portion is Rs. 17.66 Cr. The Retail portion will get oversubscribed with only 1363 applications. So, there is no worry about oversubscription.
Financial Snapshot: The company has shown sharp rise in the net profits (from Rs.1.06 cr. in 2020-21 to Rs.8.07 Cr in the year 2022-23. Such sharp rise in the bottom-line raises eyebrows. The business of spectacle and optic lenses is highly profitable. The shares are offered at reasonable valuation. Apply.

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Yash Optics & Lens IPO GMP today details?

Yash Optics & Lens IPO

Yash Optics & Lens IPO FAQs

What is GConnect Logitech IPO?
Yash Optics & Lens is a SME IPO of 6561600 equity shares of the face value of Rs. 10 aggregating up to Rs.53.15 Crores. The issue is priced at Rs.75-81 per share. The minimum order quantity is 1600 Shares.

When will Yash Optics & Lens IPO open?
Yash Optics & Lens IPO opens on March 27, 2024, and closes on April 3, 2024.

What is the lot size of GConnect Logitech IPO?
Yash Optics & Lens IPO lot size is 1600 Shares, and the minimum amount required is Rs.129600.

How to apply for Yash Optics & Lens IPO?
You can apply in Yash Optics & Lens IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

When is Yash Optics & Lens IPO allotment?
The finalization of Basis of Allotment for Yash Optics & Lens IPO will be done on April 4, 2024, and the allotted shares will be credited to your demat account by April 5, 2024.

When is Yash Optics & Lens IPO listing date?
Yash Optics & Lens IPO listing date is April 08, 2024.