Yash Optics & Lens IPO Allotment Status

Building blocks of the Yash Optics & Lens Ltd IPO

Yash Optics & Lens IPO presents book-built issue valued at Rs 53.15 crores, comprising entirely fresh issuance of 65.62 lakh shares. Subscription on March 27, 2024, Yash Optics & Lens IPO concludes today, April 3, 2024, with allotment expected to be finalized by Thursday, April 4, 2024. IPO is slated to list on NSE SME, with tentative listing date set for Monday, April 8, 2024. 

Yash Optics & Lens IPO price band is established at ₹75 to ₹81 per share, with minimum lot size requirement of 1600 Shares. Retail investors are required to invest minimum amount of ₹129,600, while HNI investors must commit to 2 lots (3,200 shares), totaling ₹259,200. Yash Optics & Lens IPO has shreni Shares Limited as their book running lead manager, while Bigshare Services Pvt Ltd is registrar for issue. Market maker for Yash Optics & Lens IPO is Rikhav Securities.

How to check allotment status of Yash Optics & Lens IPO?

Since this is an NSE SME IPO, there is no facility to check on the exchange website and BSE only offers allotment status for the mainboard IPOs and for BSE SME IPOs. If you have applied for the IPO, you can check your allotment status only on the website of the IPO registrar, Bigshare Services Pvt Ltd. Alternatively, if your broker provides you a link to access the allotment status, you can do the same. Here are the steps that you need to follow to check allotment status on the website of the IPO registrar, Bigshare Services Pvt Ltd. The same can typically checked once the basis of allotment is finalized in this case, which will be late on April 4, 2024.

Checking the allotment status on Bigshare Services Pvt Ltd (Registrar to IPO)

Visit the Bigshare Services Pvt Ltd registrar website for checking the IPO allotment status by clicking on the link below:

https://ipo.bigshareonline.com/IPO_Status.html

There are three things to remember. Firstly, you can just click on the hyper link given above and directly go to the allotment checking page. The second option, in case you are not able to click on the link, is to copy the link and paste in your web browser. Thirdly, there also a way to access this page via the home page of Bigshare Services Pvt Ltd by clicking on the IPO Allotment Status link displayed prominently on the home page. It all works the same.

Once you go to the main allotment status page of Bigshare Services Pvt Ltd the investors have 2 options. They can either query for the IPO allotment status based on the Application Number or on the basis of a combination of DP ID and Client ID. Here is how you can go about both these options.

•    To Query by Application Number, click on the “Search on Application No.” hyperlink. This will take you to a fresh page with a box provided to input the application number. Here is what needs to be done.

o    Enter the Application Number as it is
o    Enter the 6-digit Captcha Code
o    Click on Submit button
o    Allotment Status gets displayed on screen showing number of shares allotted

•    To Query by DP-ID, click on the “Search on DP-id/Client id” hyperlink. This will take you to a fresh page with 2 boxes provided to input the DP ID and the Client ID in that order. Here is what needs to be done.

o    Enter the DP-ID
o    Enter the Client-ID
o    Enter the 6-digit Captcha Code
o    Click on Submit button
o    Allotment Status gets displayed on screen showing number of shares allotted

Bigshare Services Pvt Ltd offers you the facility to toggle between the two search options of application number and DP id, without going back to the main page. It is a good idea to take a screenshot of the final output for your records and also for reconciliation with the demat account on the demat allotment date.

There are some basic rules to remember here. The basis of allotment is being finalized on April 4, 2024, so the investors would be able to access the online allotment status facility, either late on April 4, 2024 or by the middle of April 4, 2024. Once you get the online output, you can save a screenshot of the same, so that the same can be later reconciled with the demat credit on April 5, 2024 or later. It would appear on the demat account with ISIN Number.

How allocation quota and subscription impact basis of allotment?

Here is a quick look at how the allocation was made across different categories of investors in the IPO of Yash Optics & Lens IPOat the close of the IPO on April 3rd, 2024.

Data Source: NSE

This overwhelming response underscores strong market demand for company's shares. Notably, retail investors exhibited significant enthusiasm, subscribing 32.46 times, reflecting widespread retail participation in IPO.

Institutional investors, with Qualified Institutional Buyer (QIB) category witnessing subscription demonstrates institutional confidence in company's prospects & offerings. Non-Institutional Buyers (NII) category, comprising high-net-worth individuals & corporate investors, displayed exceptional interest, oversubscribing by impressive 85.27 times, indicating high investor confidence & appetite for IPO. Anchor investor & market maker categories saw full subscription, signalling early investor confidence in IPO. Total amount garnered from IPO subscription stands at ₹ 1,546.84 crore, highlighting substantial capital inflow attracted by offering.

Overall, robust subscription levels across investor categories reflect positive market sentiment & strong investor confidence in Yash Optics & Lens. Oversubscription indicates favourable reception for IPO, suggesting potential for successful listing & positive investor returns.

Here is final subscription status of Yash Optics & Lens Ltd IPO as at close on April 3, 2024.

To sum it up, the subscription is quite modest, so the chances of allotment in the IPO could be relatively higher. This applies to the retail portion and also to the HNI / NII portion; as the subscription is very modest in both the categories.

Next steps in the IPO of Yash Optics & Lens Ltd IPO

With the IPO of Yash Optics & Lens Ltd IPO closed for subscription at the end of April 3rd, 2024, the next piece of action shifts to the finalization of the basis of allotment and later to the listing of the IPO. The basis of allotment will be finalized on April 4, 2024 while the refunds would be initiated on April 5th, 2024. The shares of Yash Optics & Lens Ltd would be credited to the demat accounts of eligible shareholders by the close of April 5, 2024 while the stock of Yash Optics & Lens Ltd is expected to be listed on April 8, 2024. The listing will happen on the NSE SME segment for small companies, which is distinct from the regular mainboard IPO space.

Investors would do well to remember that the level of subscription is very material as it determines the chances of getting allotment. Normally, higher the subscription ratio, lower the chances of allotment and vice versa. In this case, the subscription levels have been very modest in the IPO; both in the Retail segment and also in the HNI / NII segment. Investors in the IPO need to assess their chances of allotment accordingly. The final status will be known once the basis of allotment is finalized and uploaded for you to check. You can apply the above allotment checking process flow after the basis of allotment is finalized.