Yash Optics & Lens Limited IPO

Yash Optics & Lens Limited was founded in 2010 and offers a wide range of vision correction solutions.

The company is engaged in the manufacture, trading, distribution, and supply of spectacle lenses/optical lenses. The company offers single-vision lenses to advanced progressive lenses,

customized progressive lenses to personalized progressive lenses for professionals as well as a wide range of coatings

HOYA Lens India Private Limited has appointed the company as the exclusive distributor for the sale, marketing and distribution of “Pentax” brand lenses in India.

The company’s manufacturing facility is located in Kandivali (West), Mumbai. The company has an India-wide presence and distribution network for the domestic market.

As of December 31, 2023, the company employed over 106 people.

 

Yash Optics & Lens Limited Financial Information (Restated)

Yash Optics & Lens Limited’s revenue increased by 33.3% and profit after tax (PAT) rose by 18.32% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets5,412.633,414.262,444.861,215.25
Revenue1,869.163,980.392,986.041,498.24
Profit After Tax422.52806.58681.67106.31
Net Worth2,334.011,911.501,104.92426.61
Reserves and Surplus2,333.011,910.501,103.92425.61
Total Borrowing2,452.691,085.63402.36585.00
Amount in ₹ Lakhs

Objects of the Issue (Yash Optics & Lens IPO Objectives)

The company intends to utilize the proceeds of the Issue to meet the following objects:

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

Yash Optics & Lens IPO Timeline (Tentative Schedule)

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

IPO Open DateWednesday, March 27, 2024
IPO Close DateWednesday, April 3, 2024
Basis of AllotmentThursday, April 4, 2024
Initiation of RefundsFriday, April 5, 2024
Credit of Shares to DematFriday, April 5, 2024
Listing DateMonday, April 8, 2024
Cut-off time for UPI mandate confirmation5 PM on April 3, 2024

SHARIAH SCREENING for - Yash Optics & Lens Limited IPO

BUSINESS SCREEN

FINANCIAL RATIOS

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