Yash Optics & Lens IPO closed on April 3. The ₹53.15 crore received string demand reaching a total subscription of 41.22 times. The Yash Optics IPO allotment status is set to be finalised today, April 4.
If you applied for the IPO, here is how you can check the Yash Optics IPO allotment status.
Checking IPO Allotment Status on Registrar's Website:
Follow these steps to check the Yash Optics IPO allotment status
- Visit the registrar's website.
- Click on "Company Selection" and choose "Yash Optics & Lens" from the dropdown menu.
- On the next page, you can enter your PAN, application number, or Demat.
- Click ‘Search' to retrieve your Yash Optics IPO allotment status.
The Yash Optics IPO allotment status will be visible if all the details are entered correctly and the allotment has been finalised.
Yash Optics & Lens IPO Subscription Status
The IPO saw a significant response from investors. Qualified Institutional Buyers (QIBs) subscribed 19.88 times to their allocated 1,164,800 shares. Non-Institutional Investors (NIIs) showed an even stronger interest, subscribing 85.27 times to their allocation of 1,110,400 shares. Retail investors also participated actively, subscribing 32.46 times to their allocation of 2,252,800 shares.
Yash Optics & Lens IPO GMP
The Yash Optics & Lens IPO GMP stands at ₹18 as of April 4, 2024. Considering the upper price band of the IPO, the expected listing price is ₹99, indicating a potential gain of 22.22% on the listing. However, it’s crucial to remember that GMPs are merely indicative and may not always accurately predict the stock’s performance upon listing.
See Also: X Launches Community Notes In India, Just In Time For Elections
Yash Optics & Lens IPO Details
The IPO, entirely a fresh issue of 65.62 lakh shares, opened for bidding on March 27, 2024, and closed on April 3, 2024. The IPO price band was set at ₹75 to ₹81 per share, with a minimum lot size of 1600 shares, requiring a minimum investment of ₹129,600 by retail investors.
The proceeds from the IPO will be used for capital expenditure for setting up a manufacturing unit for backward integration, purchasing plant and machinery at the existing manufacturing unit, repaying/prepaying certain borrowings, funding working capital requirements, and general corporate purposes.
Before the IPO launch, Yash Optics & Lens secured ₹17.02 lakh from anchor investors. The shares were allotted at ₹81 per share, the upper end of the price band.
About Yash Optics & Lens
Established in 2010, Yash Optics & Lens offers a wide range of vision correction solutions. The company manufactures, trades, distributes, and supplies spectacle lenses/optical lenses. Their product range includes single-vision lenses to advanced progressive lenses, customized progressive lenses to personalized progressive lenses for professionals, and a wide range of coatings.
Read next: Swiggy, Restaurant Hit With ₹10,000 Fine For Delivering Non-Veg Food
Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.