Yash Highvoltage IPO Overview
Yash Highvoltage IPO is a book built issue of Rs 110.01 crores. The issue is a combination of fresh issue of 64.05 lakh shares aggregating to Rs 93.51 crores and offer for sale of 11.30 lakh shares aggregating to Rs 16.50 crores.
Yash Highvoltage IPO bidding started from December 12, 2024 and ended on December 16, 2024. The allotment for the Yash Highvoltage IPO is expected to be finalized on Tuesday, December 17, 2024. Yash Highvoltage IPO will list on BSE SME with tentative listing date fixed as Thursday, December 19, 2024.
Yash Highvoltage IPO price band is set at ₹138 to ₹146 per share. The minimum lot size for an application is 1000. The minimum amount of investment required by retail investors is ₹1,46,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹2,92,000.
Indorient Financial Services Ltd is the book running lead manager of the Yash Highvoltage IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.The market maker for Yash Highvoltage IPO is Alacrity Securities Ltd..
Refer to Yash Highvoltage IPO RHP for detailed information.
Yash Highvoltage IPO Important dates
Yash Highvoltage IPO IPO opens on December 12, 2024, and closes on December 16, 2024.
IPO Open Date | Thursday, December 12, 2024 |
IPO Close Date | Monday, December 16, 2024 |
Basis of Allotment | Tuesday, December 17, 2024 |
Initiation of Refunds | Wednesday, December 18, 2024 |
Credit of Shares to Demat | Wednesday, December 18, 2024 |
Listing Date | Thursday, December 19, 2024 |
Cut-off time for UPI mandate confirmation | 5 PM on December 16, 2024 |
Yash Highvoltage IPO Financial Performance
Yash Highvoltage Limited’s revenue increased by 20.43% and profit after tax (PAT) rose by 5.61% between the financial year ending with March 31, 2024 and March 31, 2023.
Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
Assets | 8,084.36 | 7,039.29 | 5,914.59 | 4,315.83 |
Revenue | 2,777.84 | 10,912.25 | 9,061.15 | 6,537.90 |
Profit After Tax | 312.75 | 1,206.27 | 1,142.22 | 871.23 |
Net Worth | 4,526.20 | 4,213.45 | 3,208.21 | 2,450.65 |
Reserves and Surplus | 3,787.99 | 3,905.86 | 2,900.62 | 2,143.06 |
Total Borrowing | 1,256.97 | 707.64 | 777.60 | 744.49 |
Amount in ₹ Lakhs |
Yash Highvoltage IPO Key Performance Indicator
The market capitalization of Yash Highvoltage IPO is Rs 416.85 Cr.
KPI as of Sun, Mar 31, 2024.
KPI | Values |
---|---|
ROE | 32.51% |
ROCE | 44.07% |
Debt/Equity | 0.17 |
RoNW | 32.51% |
PAT Margin | 11.12 |
Price to Book Value | 1.07 |
Pre IPO | Post IPO | |
---|---|---|
EPS (Rs) | 5.45 | 4.38 |
P/E (x) | 26.8 | 33.32 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2024 that is available in RHP.
Yash Highvoltage IPO Objectives
The Net Proceeds of the Fresh Issue, i.e. Gross Proceeds of the Fresh Issue less Issue expenses apportioned to the Company (“Net Proceeds”) are proposed to be utilised for the following objects:
- Setting up a new factory to manufacture Resin Impregnated Paper (RIP) / Resin Impregnated Synthetic (RIS) transformer condenser graded bushings
- General Corporate Purposes
Yash Highvoltage IPO Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 1000 | ₹1,46,000 |
Retail (Max) | 1 | 1000 | ₹1,46,000 |
HNI (Min) | 2 | 2,000 | ₹2,92,000 |
Yash Highvoltage IPO Details
IPO Date | December 12, 2024 to December 16, 2024 |
Listing Date | [.] |
Face Value | ₹5 per share |
Price Band | ₹138 to ₹146 per share |
Lot Size | 1,000 Shares |
Total Issue Size | 75,35,000 shares (aggregating up to ₹110.01 Cr) |
Fresh Issue | 64,05,000 shares (aggregating up to ₹ 93.51 Cr) |
Offer for Sale | 11,30,000 shares of ₹5 (aggregating up to ₹16.50 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE SME |
Share Holding Pre Issue | 2,21,46,249 shares |
Share Holding Post Issue | 2,85,51,249 shares |
Market Maker Portion | 3,77,000shares |
Yash Highvoltage IPO Company Overview and Services
Incorporated in June 2002, Yash Highvoltage Limited specializes in the manufacturing and distributing a wide range of transformer bushings.
The company’s product portfolio includes Oil-Impregnated Paper (OIP) condenser bushings, Resin-Impregnated Paper (RIP) and Resin-Impregnated Synthetic (RIS) condenser bushings, high-voltage and high-current bushings, OIP wall bushings, and oil-to-oil bushings. The company also provides repair, retrofitting, and replacement services for old bushings.
The company’s manufacturing unit is situated in Vadodara, Gujarat, and has an annual production capacity of 7,000 bushings. This capacity is divided into 3,700 units of Oil-Immersed Paper (OIP) Bushings, 3,000 units of Resin-Impregnated Paper (RIP) Bushings, and 300 units of High Current Bushings. The factory is fully equipped with in-house quality testing facilities.
As of November 30, 2024, the company has 157 full time employees.
Competitive Strength
- Unique positioning in the Indian Transformer Bushing Market
- The demand for bushings will increase due to strong industry trends.
- Strong track record of supply and installation creates entry barriers for new players
Yash Highvoltage IPO SWOT Analysis
Strengths:
- Established Market Position: Yash Highvoltage has a strong foothold in the Indian transformer bushing market, with a proven track record of supplying and installing these critical components.
- Diverse Product Portfolio: The company offers a wide range of bushings, including OIP, RIP, and High-Current Bushings, catering to various industry needs and applications. This diversification reduces reliance on any single product type.
- High Production Capacity: With a manufacturing facility capable of producing 7,000 units annually, the company is well-positioned to meet growing demand driven by infrastructure and power projects.
- In-House Quality Testing: The presence of in-house quality testing facilities ensures consistent product reliability and adherence to industry standards, enhancing customer confidence.
- Growing Industry Trends: The increasing focus on infrastructure development, renewable energy projects, and modernization of power distribution networks fuels demand for transformer bushings, creating a favorable market environment.
Weaknesses:
- Financial Performance Fluctuations: Recent financial data indicates some fluctuations in profitability and earnings per share. Investors should carefully analyze the reasons behind these fluctuations and assess their potential impact on future performance.
- Dependence on the Power Sector: The company’s revenue is primarily tied to the power sector, making it vulnerable to any downturns or changes in investment within this sector.
- Competition from Established Players: The transformer bushing market includes established domestic and international players, posing a competitive challenge for Yash Highvoltage.
Opportunities:
- Expansion in Renewable Energy Sector: The growing emphasis on renewable energy sources presents a significant opportunity for the company to supply bushings for solar and wind power projects.
- Government Initiatives: Government initiatives focused on infrastructure development and power sector reforms are expected to further drive demand for transformer bushings.
- Export Potential: Exploring export markets can help the company diversify its revenue streams and reduce dependence on the domestic market.
- Technological Advancements: Investing in research and development to incorporate advanced technologies in bushing manufacturing can provide a competitive edge.
Threats:
- Raw Material Price Volatility: Fluctuations in the prices of raw materials like copper, aluminum, and insulation materials can impact the company’s profitability.
- Economic Slowdown: An economic downturn can lead to reduced investments in infrastructure and power projects, affecting demand for transformer bushings.
- Technological Disruption: The emergence of new technologies or alternative solutions in power transmission and distribution could pose a threat to the demand for traditional transformer bushings.
- Regulatory Changes: Changes in government regulations related to the power sector or manufacturing standards could impact the company’s operations and profitability.
Overall:
Yash Highvoltage operates in a sector with strong growth potential, driven by infrastructure development and the increasing demand for power. The company’s established market position, diverse product portfolio, and high production capacity are significant strengths. However, investors should carefully consider the company’s financial performance, dependence on the power sector, and competitive landscape. The threats related to raw material prices, economic slowdown, and technological disruption also warrant attention.
Yash Highvoltage IPO GMP Details
Yash Highvoltage SME IPO last GMP is ₹135, last updated Dec 16th 2024 11:30 AM. With the price band of 146.00, Yash Highvoltage SME IPO’s estimated listing price is ₹281 (cap price + today’s GMP).The expected percentage gain/loss per share is 92.47%.
We update GMP on a daily basis and based on last 10 sessions grey market activities, today IPO GMP points upward and expects a strong listing. The lowest GMP is ₹0, while the highest GMP is ₹135. Stay with us to know the daily price trend of Yash Highvoltage SME IPO GMP with expected listing price.
GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
---|---|---|---|---|---|
16-12-2024 Close | 146.00 | ₹135 ![]() |
102600 | ₹281 (92.47%) | 16-Dec-2024 11:30 |
15-12-2024 | 146.00 | ₹100 ![]() |
76000 | ₹246 (68.49%) | 15-Dec-2024 17:27 |
14-12-2024 | 146.00 | ₹100 ![]() |
76000 | ₹246 (68.49%) | 14-Dec-2024 22:24 |
13-12-2024 | 146.00 | ₹110 ![]() |
83600 | ₹256 (75.34%) | 13-Dec-2024 22:32 |
12-12-2024 Open | 146.00 | ₹110 ![]() |
83600 | ₹256 (75.34%) | 12-Dec-2024 22:23 |
11-12-2024 | 146.00 | ₹130 ![]() |
98800 | ₹276 (89.04%) | 11-Dec-2024 22:25 |
10-12-2024 | 146.00 | ₹130 ![]() |
98800 | ₹276 (89.04%) | 10-Dec-2024 22:24 |
09-12-2024 | NA | ₹50 ![]() |
— | ₹50 (%) | 9-Dec-2024 22:29 |
What is IPO GMP?
The grey market premium (GMP) reflects the unofficial trading price of an IPO before its listing, offering insights into its potential market performance. A positive GMP indicates that the IPO may yield profits, while a negative GMP suggests a possible discount upon listing. However, it’s essential to recognize that IPO GMP can be highly volatile. Therefore, investors should not make decisions solely based on the GMP but should thoroughly assess all relevant factors before investing.
Yash Highvoltage IPO Subscription Status
Yash Highvoltage IPO subscribed 100.05 times. The public issue subscribed 105.56 times in the retail category, 49.55 times in QIB, and 154.53 times in the NII category by December 16, 2024 .
Investor Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Rs Cr.)* | Total Application |
---|---|---|---|---|---|
Anchor Investors | 1 | 21,46,000 | 21,46,000 | 31.33 | – |
Market Maker | 1 | 3,77,000 | 3,77,000 | 5.50 | – |
Qualified Institutions | 49.55 | 14,32,000 | 7,09,60,000 | 1,036.02 | 65 |
Non-Institutional Buyers*** | 154.53 | 10,74,000 | 16,59,61,000 | 2,423.03 | 15,432 |
Retail Investors | 105.56 | 25,06,000 | 26,45,39,000 | 3,862.27 | 2,64,576 |
Total ** | 100.05 | 50,12,000 | 50,14,60,000 | 7,321.32 | 4,25,083 |
Date | QIB | NII* | Retail | Total |
---|---|---|---|---|
Day 1 Dec 12, 2024 |
0 | 2.54 | 4.94 | 3.01 |
Day 2 Dec 13, 2024 |
0.2 | 9.43 | 18.18 | 11.17 |
Day 3 Dec 16, 2024 |
49.55 | 154.53 | 105.56 | 100.05 |
Yash Highvoltage IPO Allotment status
Yash Highvoltage IPO allotment is expected on Tuesday, December 17, 2024.
Yash Highvoltage IPO allotment status is not available at this time. Yash Highvoltage IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Yash Highvoltage Limited IPO allotment status.
To check Yash Highvoltage IPO allotment status, follow the steps below:
- Click on the below allotment status check button.
- Select Company Name.
- Enter your PAN Number, Application Number or DP Client ID (Anyone).
- Click on Search.
On securing the allotment, you will receive the credit of equivalent shares in your Demat account.
If you have any concerns or queries about the allotment status, contact Bigshare Services Pvt Ltd either by phone or email. Investors can call on +91-22-6263 8200 or send an email with all relevant details to investor@bigshareonline.com.
Yash Highvoltage IPO Contact Details
Yash Highvoltage Limited
84/1B
PO Khakharia,
Taluka-Savli, Vadodara 391510,
Phone: +91 74900 28892
Email: cs@yashhv.com
Website: https://www.yashhv.com/
Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.
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