Yash Optics & Lens Ltd - IPO

Yash Optics & Lens Ltd IPO Details

Initial public offer of 65,61,600 equity shares of face value of Rs. 10/- each (Equity Shares) of Yash Optics & Lens Limited (Yash, or The Company or The Issuer) for cash at a price of Rs. 81/- per equity share including a share premium of Rs. 71/- per equity share (the Issue Price) aggregating to Rs. 53.15 crores (The Issue), of which 3,31,200 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 81/- per equity share including a share premium of Rs. 71/- per equity share aggregating to Rs. 2.68 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e., net issue of 62,30,400 equity shares of face value of Rs. 10/- each at a price of Rs. 81/- per equity share including a share premium of Rs. 71/- per equity share aggregating to Rs. 50.47 crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 26.49 % and 25.16 % respectively of the post issue paid up equity share capital of the company. The face value of equity shares is Rs. 10/- each. The issue price is 8.1 times the face value of the equity shares.

Objective of issue

Funding of capital expenditure for setting up a mfg unit for backward integration. Purchase of plant and machinery at existing mfg unit. Repayment/prepayment of certain borrowings availed by the company. Funding working capital requirements of the company. General corporate purposes.

Yash Optics & Lens Ltd Contact Details

Yash Optics & Lens Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - investors@yashopticsandlens.com

Website - www.yashopticsandlens.com