Yash Optics & Lens Ltd IPO

About Yash Optics & Lens Ltd

Yash Optics & Lens Limited was originally incorporated on July 23, 2010 as Yash Optics & Lens Private Limited under the provisions of the Companies Act, 1956 with the Registrar of Companies, Mumbai, Maharashtra. Subsequently the Company was converted into Public Limited Company and name of company was changed from Yash Optics & Lens Private Limited to Yash Optics & Lens Limited vide fresh certificate of incorporation dated January 29, 2024 issued by the Registrar of Companies, Centralised Processing Centre. The Corporate Identification Number of the Company is U36101MH2010PLC205889.

Global Eye Wear Industry: The global eyewear industry is a rapidly growing market, with the value of the sector estimated to reach USD 197.05 billion by 2027. The prescription eyewear segment accounts for 50% of this market share and is expected to grow at a CAGR of 6.08% between 2021 and 2025. Luxottica and Essilor completed their $52 billion merger in 2018, further consolidating their position as major players in the industry. Asia-Pacific holds the largest market share due to its large middle-class population and increasing consumer awareness while North America follows closely behind driven by high prevalence of vision problems among consumers there coupled with strong demand for fashionable eyeglasses products such as designer glasses which are forecasted to reach USD 16.1 billion by 2024 in that region alone . Additionally, contact lenses retail sales are projected to hit USD 3.6 billion in 2021 while wholesale optical goods totalled around 734 million dollars last year according US statistics only; not forgetting sports eyewear which will experience 4 percent growth rate over 2020 -2025 period or sunwear segment anticipated 4 point three percent increase from 2021 till 2028 globally speaking Furthermore blue light blocking technology has been gaining traction lately due 90 % American adults using digital devices more than two hours each day contributing significantly on rising demand for these type spectacles worldwide. Finally online Eyeware Market size was valued 31 point 87 Billion Dollars back 2019 but it's predicted be worth 41 61 Billion Dollars come 2027 registering four one percentage compound annual growth rate during same time frame. Indian Eye Care Industry: As it reaches an inflection point where organized businesses wanting to establish a national footprint will attempt to disrupt a market that has historically been controlled by mom-and-pop stores, India's eye care sector is poised to experience a surge in Merger and Acquisition (M&A) activity. In the next five years, the M&A boom might see the rise of four or more significant firms, which together could own more than 2,000 eye hospitals across the country. According to industry observers, acquisitions may account for up to 50% of their growth. Currently, patients who require surgical procedures for cataract removal or vision correction are taken care of by ophthalmologists that operate tiny clinics around the nation. The larger firms with access to money are attempting to buy out the smaller ones and merge them under a single brand.

Established in the year 2010, initially the Company was engaged in trading and distribution of spectacle and optical lenses which were sourced from Indian importers and traded in Mumbai. Over the years, it has increased its product portfolio with brands like Seto, IRIS etc. and expanded its network & distribution channel in Maharashtra, Gujarat and Rajasthan. Under the trading space, the company sources the spectacle/optical lenses and market the same under its own brands for further sale through distributors and own retail channels. The Company provides wide array of vision correction solutions. The Company is primarily engaged in the business of manufacturing, trading, distribution and supplying of comprehensive range of spectacle/optical lenses. It is offering from single vision lenses to advanced progressive lenses, customized progressive lenses to personalized progressives for professionals along with wide range of coatings. Its products are available across the entire range of price points enabling it to serve the entire gamut of customers from economy. The company manufacture the lenses based on order and prescription received from the customers.

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