Established in the year 2010, the company provides a wide array of vision correction solutions. They are primarily engaged in the business of manufacturing, trading, distribution and supplying of comprehensive range of spectacle/optical lenses. They offer from single vision lenses to advanced progressive lenses, customised progressive lenses to personalised progressives for professionals, along with a wide range of coatings.
Their products are available across the entire range of price points, enabling them to serve the entire gamut of customers from economy to the luxury segment. The company manufactures the lenses based on orders and prescriptions received from the customers. Under the trading space, the company sources the spectacle/optical lenses and markets the same under its own brands for further sale through distributors and its own retail channels.
The Indian eye care sector's revenues are currently estimated to be over US$ 3 billion and are expected to increase by 14% annually. Only 10% of the market is controlled by organised firms. An expansion of the industry may help the growth of organised players like Yash Optics.
Yash Optics & Lens Ltd IPO Details
Yash Optics & Lens Ltd IPO Dates
The dates for bidding for the Yash Optics & Lens IPO are March 27, 2024 to April 3, 2024.
Yash Optics & Lens Ltd IPO Price Band
Yash Optics & Lens is a book-built IPO. The exact price is ₹75 to ₹81 per share.
Yash Optics & Lens Ltd IPO Lot Size
The Yash Optics & Lens Ltd IPO lot size is 1,200 shares per lot.
Yash Optics & Lens Ltd IPO Objectives
The net proceeds from the IPO are proposed to be utilised towards the following objectives:
- Funding of Capital expenditure for setting up a manufacturing unit for backward integration.
- Purchase of Plant and Machinery at the existing manufacturing unit.
- Repayment/ prepayment of certain borrowings.
- Funding the working capital requirements of the company.
- General corporate purposes.
Peer Details
Yash Optics & Lens has one listed peer in India - GKB Ophthalmics Ltd.
How To Check the Allotment Status of the Yash Optics & Lens Ltd IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Yash Optics & Lens Ltd.
Registered office: 1st, Floor, Unit 70A, Kandiwali Industrial Estate, Charkop, Kandivali West, Mumbai-400067, Maharashtra India.
Phone: + 91 9903231000
E-mail: investors@yashopticsandlens.com
IPO Financials
| Particulars | Year Ending on March 31, 2023 | Year Ending on March 31, 2022 |
|---|---|---|
| Total Revenue (in ₹ lakh) | 3,980.39 | 2,986.04 |
| Net Profit (in ₹ lakh) | 806.58 | 681.67 |
| ROCE | 30.28% | 48.91% |
| Current Ratio | 7.30 | 2.19 |
| Inventory Turnover Ratio | 1.12 | 1.28 |
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Strengths
3They offer from single-vision lenses to advanced progressive lenses, customised progressive lenses, etc., along with a wide range of coatings. Their revenue stream is thus more diversified, reducing risk.
Their products are available across the entire range of price points, enabling them to serve the entire gamut of customers from economy to the luxury segment.
Their customer base is diversified as their top ten customers provided only around 25% of their revenue in FY 2022-23.
Risks
3Their existing manufacturing facility is concentrated in a single region. The business is dependent and will continue to depend on its manufacturing facility, and are hence, subject to certain risks of the manufacturing process.
They do not have long-term agreements with suppliers for their raw materials and an increase in the cost of, or a shortfall in the availability or quality of such raw materials could have an adverse effect on their business, financial condition and results of operations.
The company has had negative cash flows in the past years.
