Yash Optics & Lens Limited is coming up with an IPO worth INR 53.15 crores, consisting of a fresh issue of 65.61 lakh shares. The company plans to use the funds raised to set up a manufacturing unit for backward integration, purchase plant and machinery, repay borrowings, and meet the working capital requirements.
Yash Optics & Lens Ltd IPO – Important Dates
| Yash Optics & Lens IPO Date | March 27, 2024 to April 3, 2024 |
| Yash Optics & Lens IPO Listing Date | April 8, 2024 |
| Yash Optics & Lens IPO Price | INR 75 to 81 per share |
| Yash Optics & Lens IPO Lot Size | 1600 Shares |
| Yash Optics & Lens IPO Total Issue Size | INR 53.15 crores |
| Yash Optics & Lens IPO Basis of Allotment | April 4, 2024 |
| Yash Optics & Lens IPO Initiation of Refunds | April 5, 2024 |
| Yash Optics & Lens IPO Credit of Shares to Demat | April 5, 2024 |
| Yash Optics & Lens IPO Issue Type | Book Built Issue IPO |
| Yash Optics & Lens IPO Listing At | NSE SME |
Yash Optics & Lens Limited IPO – Company Profile
Established in the year 2010, the company provides a wide array of vision correction solutions. The Company is primarily engaged in the business of manufacturing, trading, distribution, and supplying a comprehensive range of spectacle/optical lenses.
The company offers everything from single-vision lenses to advanced progressive lenses, customized progressive lenses to personalized progressives for professionals along with a wide range of coatings. The products are available across the entire range of price points enabling the company to serve the entire gamut of customers from economy to the luxury segment.
The company manufactures the lenses based on orders and prescriptions received from the customers. In the trading space, the company sources spectacle/optical lenses and markets the same under its brands for further sale through distributors and its own retail channels.
Yash Optics & Lens IPO Review
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 30 September 2023 |
| Revenue (₹ in lakhs) | 2,975.03 | 3,968.81 | 1,866.32 |
| Equity (₹ in lakhs) | 1,104.92 | 1,911.50 | 2,334.01 |
| Expenses (₹ in lakhs) | 2,069.96 | 2,895.39 | 1,292.81 |
| Profit and Loss After Tax (₹ in lakhs) | 681.67 | 806.58 | 422.52 |
| Diluted EPS only (₹) | 3.85 | 4.55 | 2.39 |
| Return on Net Worth (%) | 61.69% | 42.20% | 18.09% |
| NAV per Equity Share (₹) | 6.24 | 10.79 | 13.18 |
| Total Assets (in lakhs) | 2,444.86 | 3,414.26 | 5,412.63 |
| Total Liabilities (in lakhs) | 1,339.94 | 1,502.76 | 3,078.62 |
| Debt-equity ratio (in times) | 0.36 | 0.57 | 1.05 |
| Current Ratio (in times) | 2.19 | 7.30 | 3.39 |
Yash Optics & Lens Limited IPO Fundamental Analysis
The financial analysis of the company preparing for an IPO reveals a mixed performance. While it has shown consistent revenue growth and increased equity, there are concerns regarding fluctuating profitability, rising debt-equity ratio, and declining return on net worth.
- 1. Revenue Growth: The company has shown consistent revenue growth from ₹2,975.03 lakhs in March 2022 to ₹3,968.81 lakhs in March 2023. However, there was a notable decrease to ₹1,866.32 lakhs by September 2023. This decline in revenue raises concerns about the company’s revenue stability and performance.
- 2. Equity and Debt: The equity has increased steadily, indicating growth and potential investor confidence. However, the debt-equity ratio has also increased over time, reaching 1.05 by September 2023. This suggests a higher reliance on debt financing, which could increase financial risk.
- 3. Profitability: The company’s profitability has shown fluctuations, with profit after tax increasing from ₹681.67 lakhs in March 2022 to ₹806.58 lakhs in March 2023 but decreasing to ₹422.52 lakhs by September 2023. This indicates some volatility in profitability and may require further investigation into the company’s cost structure and operational efficiency.
- 4. Earnings per Share (EPS): The diluted EPS has also shown fluctuations, increasing from ₹3.85 in March 2022 to ₹4.55 in March 2023 but decreasing to ₹2.39 by September 2023. Investors typically look for consistent or increasing EPS over time.
- 5. Return on Net Worth (RoNW): The RoNW has declined from 61.69% in March 2022 to 18.09% by September 2023. This significant decrease suggests a decline in profitability relative to the net worth of the company.
- 6. Financial Position: The NAV per equity share has increased over time, indicating a stronger underlying asset value per share. However, the current ratio has also shown fluctuations, which may require further analysis to assess the company’s liquidity position and ability to meet short-term obligations.
Yash Optics & Lens Ltd IPO Peer Comparison
Yash Optics & Lens Limited outshines GKB Ophthalmics Ltd with a positive EPS of ₹4.55 and a remarkable RoNW of 42.20%, showcasing financial health and profitability, against GKB’s negative figures, highlighting Yash Optics’ stronger performance and investment appeal in the optics sector.
| Company | Face Value (₹) | PE Ratio (In times) | EPS (₹) | RoNW (%) | NAV per Equity Share (Basic) (₹) |
| Yash Optics & Lens Limited | 10 | NA | 4.55 | 42.20% | 10.79 |
| GKB Ophthalmics Ltd | 10 | (16.58) | (5.72) | (10.47) | 5.46 |
Yash Optics & Lens Limited IPO Objective
The main objective of Yash Optics & Lens is to establish a manufacturing unit for backward integration, invest in plant and machinery for increased production capacity, repay existing borrowings, and meet growing working capital needs.
- To set up a manufacturing unit for backward integration: The company is planning to set up a manufacturing facility to manufacture plain blanks and finished single-vision lenses (CR-39), which are used as raw materials in the current process through this backward integration. The company plans to utilize INR 18.25 crores for the said purpose.
- To Purchase of Plant and Machinery at existing manufacturing unit: To cater to the growing demand from existing customers and to meet the requirements of new customers, the company intends to increase the production capacity by way of the installation of new plant and machinery at its existing manufacturing facility. The company plans to utilize INR 11.85 crores for the said purpose.
- To repay existing borrowings of the company: The company plans to utilise INR 6 crores to repay in part or full certain borrowings of the company.
- To meet the working capital requirement: The business is working capital intensive and to fund the increasing requirement the company plans to utilise INR 10 crores.
Yash Optics & Lens IPO Risks And Challenges
Yash Optics &Lens’ IPO risks include vulnerability to raw material cost fluctuations, negative cash flows impacting growth, and potential revenue decline from failing to respond to changing consumer preferences and fashion trends.
- The company does not have long-term agreements with suppliers for raw materials and an increase in the cost of, or a shortfall in the availability or quality of such raw materials could have an adverse effect on the business, financial condition, and results of operations.
- The company has had negative cash flows in the past few years. Sustained negative cash flow could impact the growth and business.
- If the company fails to identify and effectively respond to changing consumer preferences and spending patterns or changing fashion trends promptly, the demand for products could decrease, causing the revenue and results of operations to decline.
Yash Optics & Lens IPO – Industry & Market Potential
The global eyewear industry is a rapidly growing market, with the value of the sector estimated to reach USD 197.05 billion by 2027. The prescription eyewear segment accounts for 50% of this market share and is expected to grow at a CAGR of 6.08% between 2021 and 2025.
The Indian eyewear industry witnessed an annual growth rate of 22% in 2020. This statistic is a testament to the booming success of the Indian eyewear industry in 2020. It highlights the impressive growth rate of the industry, indicating that it is a lucrative and profitable sector to invest in. This statistic is an important indicator of the industry’s potential and should be taken into consideration when discussing the Eyewear Industry Statistics.
Yash Optics & Lens Limited IPO – Type of Offer
Yash Optics & Lens Limited is launching an IPO valued at INR 53.15 crores, comprising 65.61 lakh new shares. The company intends to allocate the proceeds towards establishing a manufacturing unit for backward integration, acquiring plant and machinery, repaying borrowings, and fulfilling working capital requirements.
Yash Optics & Lens Ltd IPO Offer Size
The offer size for Yash Optics & Lens Limited’s IPO is INR 53.15 crores, with a fresh issue of 65.61 lakh shares. The company plans to use the funds raised to set up a manufacturing unit for backward integration, purchase plant and machinery, repay borrowings, and meet working capital requirements.
Yash Optics & Lens Limited IPO Allotment Structure
Yash Optics & Lens’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations. A portion of the offer is reserved for market makers.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
● Market Makers Reservations: A portion of the issue is reserved for market makers.
How to apply for a Yash Optics & Lens Works Limited IPO?
To apply for the Yash Optics & Lens IPO through Alice Blue, you would typically follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
1. Check for IPO Details: Once your account is active, you can check for the Yash Optics & Lens IPO details in the IPO section of the Alice Blue platform.
2. Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
3. Submit the Application: Confirm all your details and submit your application.
You can apply for the Yash Optics & Lens IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Yash Optics & Lens’s IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
1. Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
2. Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
3. Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
4. Select the Yash Optics & Lens IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Yash Optics & Lens IPO.
5. Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here. If you face any issues, it’s recommended that you contact Alice Blue’s customer support for detailed assistance. Apart
from Alice Blue, there are other ways to check the allotment status of the Yash Optics & Lens IPO:
● Registrar’s Website: Visit the website of Bigshare Services Private Limited, the registrar of the Yash Optics & Lens IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (BSE) SME (Small Medium Enterprise) Platform. You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Yash Optics & Lens Ltd IPO Offer Registrar
The registrar for the Yash Optics & Lens Limited IPO is Bigshare Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
Bigshare Services Private Limited
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre,
Mahakali Caves Road, Andheri (East) Mumbai – 400093,
E-mail Id: [email protected]
Website: www.bigshareonline.com
Yash Optics & Lens Limited IPO – FAQs
1. What is the allotment date of Yash Optics & Lens Limited?
The allotment date of the Yash Optics & Lens Limited IPO is April 4, 2024.
2. What is the price band of the Yash Optics & Lens IPO?
The price band of the issue is INR 75-81 per share.
3. What is the size of the Yash Optics & Lens IPO?
The offer size for Yash Optics & Lens Limited’s IPO is INR 53.15 crores, with a fresh issue of 65.61 lakh shares. The company plans to use the funds raised to set up a manufacturing unit for backward integration, purchase plant and machinery, repay borrowings, and meet working capital requirements.
4. What is the listing date of the Yash Optics & Lens IPO?
The listing date of Yash Optics & Lens’s IPO is April 8, 2024.
