Yash Optics & Lens makes robust market debut, lists at 11% premium on NSE SME

The proceeds will be allocated to fund capital expenditure aimed at establishing a new manufacturing unit for backward integration

Shares of Yash Optics & Lens made a positive start on its debut on April 8 after listing at Rs 90, a premium of 11.1 percent over the issue price of Rs 81 on the NSE SME platform. The listing missed grey market figures where shares were trading at a premium of Rs 14.

In a span of five days, the NSE SME IPO garnered a subscription of approximately 42 times overall, with the retail segment being oversubscribed by around 32 times. The NII portion witnessed a subscription of 20 times, while the QIB investors showed significant interest, subscribing approximately 85 times in this category.

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The public offer of Rs 53.15 crore is a fresh issue of 65.62 lakh shares. The proceeds will be allocated to fund capital expenditure aimed at establishing a new manufacturing unit for backward integration.

Additionally, funds will be earmarked for the procurement of essential plant and machinery required for the existing manufacturing unit, enhancing operational capabilities. Another priority is the repayment or prepayment of specific borrowings.

Shreni Shares Limited is the book running lead manager of the Yash Optics & Lens IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Yash Optics & Lens IPO is Rikhav Securities.

The price band of the issue was fixed at Rs 75-81.

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