| IPO date | 27 Mar 2024 – 03 Apr 2024 |
| Listing date | 08 Apr 2024 |
| Price range | 75 – 81 |
| Minimum order quantity | 1600 | (D)RHP | View |
Yash Optics & Lens Limited is launching its IPO. The offer opens for subscription on March 27, 2024, and closes on April 3, 2024.
Disclaimer: This stock will trade with a lot size of 1600 shares in the SME segment on listing.
What does Yash Optics & Lens Limited do?
Yash Optics & Lens Limited, originally incorporated in 2010, began as a private company in Mumbai, specializing in vision correction solutions. Over time, it expanded its offerings to include manufacturing, trading, distribution, and supplying a comprehensive range of spectacle/optical lenses, from single vision to advanced progressive and personalized lenses.
The company’s history dates back to 2002 when it started trading and supplying lenses under various proprietary firms owned by the promoters. In 2021-22, the company acquired Yash Lenses, consolidating its operations and enabling it to transition into manufacturing lenses under its name.
Additionally, the company has an exclusive distribution agreement with HOYA Lens India Private Limited to distribute the “Pentax” brand of Ophthalmic lenses in India. Their manufacturing facility in Mumbai is equipped with the necessary machinery and adheres to safety standards, holding ISO 9001:2015 accreditation for quality management.
Schedule/Timeline of Yash Optics & Lens Limited IPO
| Issue Period | 27th March to 3rd April 2024 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | April 04, 2024 |
| Initiation of Refunds | April 05, 2024 |
| Credit of Shares | April 05, 2024 |
| Date of Listing | April 08, 2024 |
| Mandate end date | April 18, 2024 |
| Anchor Investors Lock-In End Date (50% of the investment) | May 04, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | July 03, 2024 |
Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.
How to apply to the Yash Optics & Lens Limited IPO?
You can apply for the Yash Optics & Lens Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status for the Yash Optics & Lens Limited IPO?
You can check the allotment status for the Yash Optics & Lens Limited IPO on the website of the Registrar and Transfer agent.