A new offering of 65,61,600 equity shares with a face value of ₹10 makes up the ₹53.15 crore Yash Optics & Lens IPO. Yash Optics & Lens Limited IPO subscription will open on 27 March and end on 3 April 2024 with the price band put down between ₹75 to ₹81 per share.
Yash Optics & Lens Limited IPO
Yash Optics & Lens Limited, a company engaged in the manufacturing, trading, distribution, and supply of a comprehensive range of spectacle/optical lenses, announced its Initial Public Offering (IPO) with the price band set between ₹75 to ₹81 per share.
The IPO is scheduled to open on March 27, 2024, and will close on April 3, 2024. The minimum investment amount is set at ₹129,600, as the lot size for investors is fixed at 1,600 shares. The company aims to raise ₹55.13 crore through this public offering.
The issue size of the IPO is substantial, with a total of 6,562,800 shares being offered. Out of these, 2,296,980 shares are offered to the public. The floor price is set at 7.5 times the face value, and the cap price is at 8.1 times the face value. The listing date for the shares is anticipated to be April 8, 2024, and they will be listed on the NSE SME.
Yash Optics & Lens Limited IPO Key Dates
The key dates for the Yash Optics & Lens Limited IPO are as follows:
IPO Opening Date
- The IPO is set to open on March 27, 2024.
IPO Closing Date
- On April 3, 2024, the subscription will end.
Basis of Allotment
- The allotment is expected to be finalized on April 4, 2024.
Initiation of Refunds
- If applicable, refunds will begin on April 5, 2024.
Credit of Shares to Demat Accounts
- Shares are scheduled to be credited on April 5, 2024.
Listing Date
- The shares are anticipated to be listed on April 8, 2024.
These dates are crucial for investors who wish to participate in the IPO, as they outline the timeline from the opening of the IPO to the listing of the shares on the stock exchange.
Yash Optics & Lens Limited IPO GMP
The Grey Market Premium (GMP) for Yash Optics & Lens Limited IPO is currently at ₹15. This indicates the premium amount that the shares are trading at in the grey market over the issue price.
The registrar for the Yash Optics & Lens Limited IPO is Bigshare Services Pvt Ltd, and the lead managers are Shreni Shares Limited. These entities play a crucial role in the IPO process, overseeing the subscription, allotment, and listing of shares.
Yash Optics & Lens Limited IPO Price Band
The initial public offering (IPO) for Yash Optics & Lens Limited has been announced with a price range of ₹75 to ₹81 for each share.
The shares have a face value of ₹10, and the price range is set at 7.5 to 8.1 times the face value. This pricing structure is part of the company’s strategy to raise capital through the public offering scheduled to open on March 27, 2024, and close on April 3, 2024.
Yash Optics & Lens Limited IPO Lot Size
For the upcoming public offering of Yash Optics & Lens Limited, the company has determined that each lot will consist of 1,600 shares. This means that interested investors must purchase a minimum of one lot, equating to an investment of ₹129,600. This lot size is part of the company’s strategy to attract investors and raise capital through its IPO.
Yash Optics & Lens Limited IPO Reservation
The reservation details for the Yash Optics & Lens Limited IPO are structured to cater to different investor categories. Here’s a breakdown of the allocation:
- Qualified Institutional Buyers (QIBs): no more 50% of the net offer is reserved for QIBs.
- Retail Individual Investors (RIIs): A minimum of 35% of the offer is available for retail investors.
- Non-Institutional Investors (NIIs): At least 15% of the offer is set aside for NIIs.
Is it satisfactory for me to apply for the Yash Optics & Lens IPO or not?
Whether applying for the Yash Optics & Lens Limited IPO meets your satisfaction depends on your individual investment criteria and the alignment of the IPO’s characteristics with your financial objectives.
It’s advisable to evaluate the company’s performance, market potential, and risk factors associated with the optical lens sector. Reflect on your investment goals, consult the IPO prospectus for detailed information, and consider seeking advice from a financial expert.
An informed decision should be based on a comprehensive analysis of all these aspects. Remember, every investment carries risk, and it’s important to invest within your means and according to your risk appetite.
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