Yash Highvoltage Ltd., a manufacturer of transformer bushings, launched its initial public offering on December 12 and will close for bidding on Monday, December 16. The SME issue was subscribed 11.17 times on Friday after getting fully subscribed on Day 1.

The book-built issue, worth Rs 110.01 crore, consists of a mix of fresh issuance of 64.05 lakh shares aggregating to Rs 93.51 crore and an offer for sale of 11.3 lakh shares aggregating to Rs 16.50 crore.

Here’s all you need to know about Yash Highvoltage IPO as bidding for the issue enters its final day.

Yash Highvoltage IPO: Key Details

Yash Highvoltage IPO price band has been set between Rs 138 to Rs 146, with a face value of Rs 5 per share. Retail investors can bid in the IPO with a minimum lot size of 1,000 shares resulting in an investment of Rs 1,46,000 for each application.

Of the 75,35,000 shares offered — 14,32,000 is reserved for Qualified Institutions, 10,74,000 for Non-Institutional Investors, 25,06,000 for Retail Investors and 21,46,000 for Anchor investors.

Yash Highvoltage Ltd. has appointed Indorient Financial Services Ltd. as the sole book-running lead manager for its issue. Bigshare Services Pvt. is the registrar and Alacrity Securities Ltd. is the market maker for Yash Highvoltage IPO.

Yash Highvoltage IPO Day 3 Subscription Status

The IPO has been subscribed 19.79 times as of 10:50 am on Monday

  • Qualified Institutions: 0.21 times

  • Non-Institutional Buyers: 22.93 times

  • Retail Investors: 29.63 times

Subscription status will be updated at regular intervals.

Yash Highvoltage IPO: GMP Today

The grey market premium of Yash Highvoltage IPO stood at Rs 100, signalling a 68.49% premium over the issue price. With the current GMP trend, shares of Yash Highvoltage Ltd. are likely to make a market debut at Rs 246.

Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.

Yash Highvoltage IPO Day 2 Subscription Status

The Yash Highvoltage IPO was subscribed 11.17 times on Friday

  • Qualified Institutions: 0.20

  • Non-Institutional Buyers: 9.4 times

  • Retail Investors: 18.18 times

Yash Highvoltage IPO will be available for subscription till Dec. 16. The finalisation of the share allotment basis will be done on Dec. 17, followed by credit of shares into the demat account of successful bidders and initiation of refunds for non-allottees on Dec. 18.

Shares of Yash Highvoltage Ltd. are slated to be listed on the BSE SME platform on Dec. 19.

Yash Highvoltage Business And Financials

Yash Highvoltage Ltd. is a manufacturer and distributor of a wide range transformer bushings. The company’s product portfolio includes Oil-Impregnated Paper condenser bushings, Resin-Impregnated Paper and Resin-Impregnated Synthetic condenser bushings, and high-voltage and high-current bushings. Incorporated in 2022, Yash Highvoltage also offers repair, retrofitting and replacement services for old bushings.

With a manufacturing unit in Gujarat’s Vadodara, the company has an annual production capacity of 7,000 bushings.

Use Of Proceeds

Yash Highvoltage has proposed to use the net proceeds from the fresh issue to set up a factory to manufacture Resin Impregnated Paper/Resin Impregnated Synthetic transformer condenser-graded bushings. The remainder of the money will be used for general corporate purposes.

Financials 

Yash Highvoltage reported a revenue of Rs 27.77 crore in the first quarter of the ongoing financial year, with a net profit of Rs 3.12 crore. The company posted a revenue of Rs 109.12 crore in fiscal 2024, marking a 20.43% year-on-year increase from Rs 90.61 crore revenue in fiscal 2023. 

Net profit grew 5.61% YoY to Rs 12.06 crore in fiscal 2024 from Rs 11.42 crore in fiscal 2023.

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read red herring prospectus thoroughly before placing bids.

. Read more on IPOs by NDTV Profit.The grey market premium of Yash Highvoltage IPO stood at Rs 100, signalling a 68.49% premium over the issue price.  Read MoreIPOs, Markets 

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