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The Yash Optics and Lens IPO is now open for subscription as of today, March 27th. Here are the dates and price info of Yash Optics and Lens IPO. The price range for this offering is set at ₹75 to ₹81 per equity share with a face value of ₹10 each. Each lot of the IPO comprises 1,600 shares, and bids can be placed for a minimum of 1,600 equity shares, with subsequent bids in multiples of 1,600 equity shares.
In terms of allocation, the IPO has reserved up to 50% of the issue for Qualified Institutional Buyers (QIBs), a minimum of 35% for retail investors, 15% for non-institutional investors, and specifically earmarked 3,31,200 equity shares for market makers. The total value of the IPO stands at approximately ₹53.15 crore, which includes a fresh issue of 65,61,600 equity shares, each with a face value of ₹10.
Promoters of Yash Optics & Lens IPO, are Tarun Manharlal Doshi, Dharmendra M. Doshi, and Chirag Manharlal Doshi.
Company Details of Yash Optics and Lens IPO: Yash Optics and Lens specializes in providing a range of vision correction solutions. Its primary business activities encompass the manufacturing, sales, trading, and distribution of a diverse selection of spectacle and optical lenses.
IPO Details of Yash Optics and Lens: The IPO is valued at approximately ₹53.15 crore and comprises a fresh issue of 65,61,600 equity shares, each with a face value of ₹10. Notably, there is no offer-for-sale component included in this offering.
The objective of Yash Optics and Lens IPO: The company intends to utilize the net proceeds from the IPO to finance capital expenditure, acquire Plant and Machinery, repay or prepay specific borrowings, support working capital needs, and for general corporate purposes.
Allotment Details of Yash Optics and Lens IPO: The allotment of shares is scheduled for April 4, with the company commencing refunds on April 5. Share credits to the demat accounts of allottees will also be processed on the same day.
Registrar and Lead Manager of Yash Optics and Lens initial public offering are Bigshare Services Pvt Ltd is the registrar for the Yash Optics and Lens IPO, and Shreni Shares Limited serves as the book-running lead manager for the offering.
Listing Information for Yash Optics and Lens IPO, Yash Optics and Lens shares are anticipated to be listed on the NSE SME platform on April 8.
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