Yash Optics and Lens IPO allotment status likely to be finalised today, listing on April 8: Steps to check share allocation online

Yash Optics and Lens IPO allotment status is expected to be finalised on Thursday, April 4.

The ₹53.15-crore public issue opened for subscription on March 27 and closed on April 3. With the bidding coming to an end, the investors are waiting for the Yash Optics and Lens IPO share allotment status. Successful applicants will be able to check how many shares they have been allotted against the quantity they bid for, after the company finalises the share allocation.

During its subscription period, Yash Optics and Lens IPO was oversubscribed 42 times, receiving applications for 19.1 crore shares against 45.28 lakh shares on offer, NSE data showed. The SME IPO is completely a fresh issue with no offer-for-sale portion in it.

Non-institutional investors (NIIs) bought their reserved portion over 85 times, while retail investors' portion was booked 32 times. The qualified institutional buyers' (QIBs) category was booked 20 times.

The investors can check the IPO allotment status through the NSE portal or official registrar's website. Bigshare Services Pvt Ltd is the registrar to the IPO.

Steps to check Yash Optics and Lens IPO allotment on NSE website:

• Visit NSE website - https://www.nseindia.com/
• Complete the registration process on the portal
• Log in with ID and password created
• Select the company name 'Yash Optics and Lens' from the dropdown list
• Enter PAN and application number
• Click 'Submit' button

Allotment status appears on screen. The investors can only see the share allocation details once the company finalises the IPO share allotment status.

Steps to check Yash Optics and Lens IPO allotment on Bigshare Services Pvt Ltd website:

• Go to Bigshare Services website - https://www.bigshareonline.com/
• Click 'Ipo Allotment Status' tab on the homepage
• New page shows 3 server options; select any one of them
• Select company name from the dropdown list
• Enter Application No./CAF No./Beneficiary ID/ PAN
• Enter the captcha and click 'Search' button.

Once the share allotment is finalised, Yash Optics and Lens Ltd will initiate the refund process for those who have not received shares in the IPO. The money will be refunded to non-allottees on April 5 and shares will be allotted to successful bidders on the same day.

Following these, shares will be listed on the NSE SME platform on April 8, 2024.

Yash Optics and Lens IPO details

The public issue of 65.62 lakh shares of a face value of ₹10 per equity share comprised a market maker portion of 3.31 lakh shares and an anchor allocation of 17.02 lakh shares. About 26% shares in the IPO were set aside for the anchor investors.

Yash Optics and Lens IPO price band and lot size

The price band for the IPO was fixed at ₹75 and ₹81 per equity share. The minimum lot size to apply for IPO was 1,600 shares, requiring a minimum investment of ₹1,29,600 from retail investors. High net worth individuals (HNIs) could apply for a minimum of two lots, or 3,200 shares, requiring ₹2,59,200.

About Yash Optics and Lens Ltd

Yash Optics and Lens is an emerging technology-driven optical and lens company. It offers the widest range of high-quality digital freeform progressive lenses.

Its product portfolio starts from single-vision lenses to advanced progressive lenses, customized progressive lenses to top-of-the-line personalized progressives for professionals, and an industry-leading range of premium coatings.

To know more about IPOs listing, schedule and upcoming IPOs, click here