Yash Optics & Lens Limited IPO

With signs of continued growth in the Indian stock market, the IPO of Yash Optics & Lens Limited has been launched. It started on March 27, 2024 and will end on April 3, 2024. In this IPO, an important step has been taken by the company in offering a wide range of spectacles and optical lenses.

Company background

Established in 2010, Yash Optics & Lens Limited IPO started as a trader and distributor of spectacle lenses in Mumbai. Over the past few years, it has expanded its product portfolio and distribution network across Maharashtra, Gujarat and Rajasthan. The company’s commitment to quality is evident in its ISO 9001:2015 certification for manufacturing and supplying ophthalmic lenses and products.

IPO details

The IPO is a fresh issue of 6,562,800 equity shares, each having a face value of ₹10, aggregating to ₹53.16 crore. The price band has been set at ₹75 to ₹81 per share, with the minimum order quantity at 1600 shares. The objective of this move is to finance capital expenditure for setting up a new manufacturing unit and purchasing plant and machinery for the existing one.

IPO opening dateWednesday, March 27, 2024
IPO closing dateWednesday, April 3, 2024
allotmentThursday, April 4, 2024
Initiation of refundFriday, April 5, 2024
Credit of shares in dematFriday, April 5, 2024
IPO listingMonday, April 8, 2024
Cut-off for UPI Mandate VerificationApril 3, 2024 at 5 pm

investment potential

Yash Optics & Lens Limited IPO presents an opportunity for investors to be part of a company that is poised for growth in the optical industry. With a manufacturing facility in Mumbai and diverse product range, the company is well positioned to meet the growing demand for vision correction solutions.

financial outlook

The financial position of the company shows a promising trajectory with steady growth in revenues and profitability. The proceeds from the IPO are expected to boost the company’s manufacturing capabilities, enabling it to scale up operations and expand its market presence.

conclusion

Yash Optics & Lens Limited IPO is not just an investment in a company but an investment in a vision for the future. As the company is set to be listed on the NSE SME platform on April 8, 2024, investors have a chance to join its journey towards becoming.

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