Yash Optics News Today

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

Yash Optics and Lens listed at Rs 90 on NSE SME with high investor interest. It offers various vision correction solutions and operates in the expanding eyewear market, focusing on the prescription eyewear segment.

In addition to Bharti Hexacom, five other SME IPOs that opened for subscription last week will be listed on the exchanges in the coming week.

Three IPOs, mainly from the SME segment will hit Dalal Street next week, but there will be no new public issues in the mainboard segment.

The allotment for the SME IPO of Yash Optics and Lens will be finalised on Thursday. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.

Yash Optics & Lens IPO: The issue opened on March 27 and concluded on April 3. The price range was between ₹75 to ₹81 per share with a face value of 10. 

Overall, the first week ahead of the new financial year FY25 is expected to be positive for the market with focus on auto sales data, manufacturing & services PMI numbers, RBI interest rate decision, and expectations for March FY24 quarter earnings, experts said.

The momentum of the IPO is expected to continue this year as well with bigger deals. Investors are eager to tap stock market ahead of general elections. Sentiment towards new-age companies has improved as well, said Arvinder Singh Nanda, Senior Vice President, of Master Capital Services Ltd

Pavan Davuluri previously oversaw Microsofts hardware endeavours. He will now be in charge of Windows engineering as well.