Yash Optics and Lens IPO allotment: check status, listing date, GMP and other details

The allotment for the SME IPO of Yash Optics and Lens will be finalised on Thursday. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. Investors can check the status of Yash Optics and Lens IPO allotment by logging in to the official website of the registrar, which is Bigshare Services in this case.

Follow the step-by-step process mentioned below to check the status of the allotment.

Step 1: Visit the IPO Allotment Status page on Bigshare Services website (https://ipo.bigshareonline.com/IPO_Status.html)


Step 2: Select IPO from the dropdown

Step 3: Enter PAN number and 'Submit'.

Yash Optics and Lens GMP

In the unlisted market, the company's shares have a GMP of Rs 25. The company has priced the offer at Rs 81 and the tentative listing date is set as April 5.

The IPO, which was completely a fresh equity issue of 65.6 lakh shares, received a healthy response from investors with a subscription of over 40 times at close.

Also Read: Bharti Hexacom IPO opens for subscription. Should you bid?

The net proceeds from the public offer will be used for funding capital expenditure for setting up a manufacturing unit for backward integration, purchase of plant and machinery at existing manufacturing plant, repayment of debt, working capital requirements and general corporate purposes.

The company is engaged in trading and distribution of spectacle and optical lenses which were sourced from Indian importers and traded in Mumbai.

Over the years, it has increased its product portfolio with brands like Seto, IRIS etc. and expanded its network and distribution channel in Maharashtra, Gujarat and Rajasthan.

The global eyewear industry is a rapidly growing market, with the value of the sector estimated to reach $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.

For the period ended September 2023, the company clocked revenues of Rs 18.66 crore and net profit of Rs 4.22 crore.

Sherni Shares is acting as the lead manager to the issue and Bigshare Services is the registrar.