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Business News/ Markets / Ipo/  Yash Optics & Lens IPO Day 5: Issue booked over 8 times so far on last day; check GMP, other details of SME IPO
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Yash Optics & Lens IPO Day 5: Issue booked over 8 times so far on last day; check GMP, other details of SME IPO

Yash Optics IPO is an SME IPO that opened on March 27 and will conclude today, April 3. The IPO allotment is expected to be finalized on April 4, 2024.

Yash Optics IPO price band is ₹75 to ₹81 per share. (Photo: Company Website)Premium
Yash Optics IPO price band is 75 to 81 per share. (Photo: Company Website)

Yash Optics & Lens IPO: The initial public offering (IPO) of optical products manufacturer Yash Optics & Lens Ltd is receiving strong demand from investors. 

Yash Optics IPO, which opened for public subscription on March 27, is an SME IPO and its subscription period ends today, April 3.

Yash Optics & Lens offers a wide range of vision correction solutions. It manufactures and supplies spectacle lenses and optical lenses. 

Let us check Yash Optics & Lens IPO subscription status, GMP and other details:

Yash Optics & Lens IPO Subscription Status

Yash Optics & Lens IPO has been subscribed 8.13 times so far on Wednesday, April 3, the fifth and last day of the bidding process. The public issue has received bids for 3.68 crore equity shares as against 45.28 lakh shares offered, according to the data available till 12:15 pm.

The IPO has been subscribed 11.38 times in the retail category, 1.70 times in the Qualified Institutional Buyers (QIB) category, and 8.28 times in the Non-Institutional Investors (NII) category so far.

Also Read: SRM Contractors share price makes a lukewarm debut, stock opens with a mere 2.5% premium at 215.25 on NSE

Yash Optics & Lens IPO GMP Today

Yash Optics IPO GMP today, or grey market premium today, has eased to 22 per share, as per stock market observers. This indicates that the equity shares of Yash Optics & Lens are trading at a premium of 27.16% at 103 apiece in the grey market as against the IPO price of 81 per share.

Yash Optics & Lens IPO Details

Yash Optics IPO is an SME IPO that opened on March 27 and will conclude today, April 3. The IPO allotment is expected to be finalized on April 4, 2024. Yash Optics & Lens shares will list on NSE SME with a tentative listing date fixed on April 8.

Yash Optics IPO price band is 75 to 81 per share. At the upper end of the price band, the company plans to raise 53.15 crore from the public issue which is entirely a fresh issue of 65.62 lakh shares. 

Also Read: TAC Infosec IPO allotment to be finalised today; latest GMP, 4 steps to check status

The IPO lot size is 1,600 shares and the minimum investment amount required by retail investors is 129,600.

Yash Optics & Lens raised 13.79 crore from anchor investors on March 26, 2024. 

Shreni Shares Ltd is the book-running lead manager of the Yash Optics & Lens IPO, while Bigshare Services Pvt Ltd is the IPO registrar.

Read all IPO news here

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.

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Published: 27 Mar 2024, 01:24 PM IST
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