Yash Optics and Lens Limited IPO GMP Review: This IPO, which is going to open from March 27, is a book-built issue IPO with a total size of 53.15 crores. The company is issuing fresh 65.62 lakh shares through this IPO. Investors can apply for this IPO from 27 March to 3 April 2024. You will get to see this IPO listed on the SME, NSE exchange on Monday 8 April. Let’s know the full details of this IPO.
Yash Optics and Lens Limited IPO Details
IPO Name
Yash Optics & Lens Limited
IPO Start Date
27 March 2024
IPO End Date
3 April 2024
Price Band
75-81 Per Share
Lot Size
1600 Shares
Face Value
10 Rupees Per Share
Total Issue Size
6,561,600 Shares
Fresh Issue Shares
6,561,600 Shares
Shares Allotment Date
Thursday, 4 April 2024
Refund Date
Friday, 5 April 2024
Demat Transfer
Friday, 5 April 2024
Listing Date
Monday, 8 April 2024
UPI Cut Off Time
5 pm 3 April 2024
Listing Exchange Name
SME, NSE
Yash Optics and Lens Limited IPOCategory Wise Lot Size
Category
Lots
Shares
Total Amount
Retail (Min.)
1
1600
129,600
Retail (Max.)
1
1600
129,600
HNI (Min.)
2
3,200
259,200
Yash Optics and Lens Limited IPOCompany Information
The promoters of this company are Tarun Manharlal Doshi, Dharmendra Doshi and Chirag Manharlal Doshi. Founded in 2010, the company offers vision correction solutions. This company manufactures and supplies lenses and optical lenses.
The money raised from the IPO will be used by this company for setting up manufacturing units, purchase of plant and machinery, debt repayment etc.
Yash Optics and Lens LimitedCompany Financial Information
Period
30 September 2023
31 March 2023
31 March 2022
31 March 2021
Earnings
1,869.16 Lakhs
3,980.39 Lakhs
2,986.04 Lakhs
1,498.24 Lakhs
Profit After Tax
422.52 Lakhs
806.58 Lakhs
681.67 Lakhs
106.31 Lakhs
Net Worth
2,334.01 Lakhs
1,911.50 Lakhs
1,104.92 Lakhs
426.61 Lakhs
Assets
5,412.63 Lakhs
3,414.26 Lakhs
2,444.86 Lakhs
1,215.25 Lakhs
Loans
2,452.69 Lakhs
1,085.63 Lakhs
402.36 Lakhs
585 Lakhs
The ROE of the company Yash Optics & Lens is 18.10% and ROCE is 10.38%.
Should we Apply or Not for Yash Optics & Lens LimitedIPO?
This company has been making profits in the net for the last three years and the money received from the IPO is going to be used in the company’s growth. After the IPO opens, if its GMP and demand are good, then this IPO will be considered good to apply for listing gains. Keep an eye on the GMP and the more this IPO is subscribed, the better the listing gain the IPO can give.
NOTE: The information related to the IPO is for educational purposes only. Consider with your financial advisor before investing in an IPO.
