Yash Highvoltage IPO
- IPO Date12 Dec, 2024 to 16 Dec, 2024
- Listing Date19 Dec, 2024
- Face Value₹5 per share
- Issue Price₹138 to ₹146 per share
- Lot Size1000 Shares
- Minimum Investment₹1,46,000
- Listing AtBSE SME
- Total Issue Size75,35,000 Shares
(aggregating up to ₹110.01 Cr) - Fresh Issue64,05,000 Shares
(aggregating up to ₹93.51 Cr)
- Offer for Sale11,30,000 Shares
(aggregating up to ₹16.50 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue2,21,46,249
- Shareholding post issue2,85,51,249
IPO Dates
Closing Date
16 Dec, 2024
Initiation of Refunds
18 Dec, 2024
Listing Date
19 Dec, 2024
12 Dec, 2024
Opening Date
17 Dec, 2024
Basis of Allotment
18 Dec, 2024
Credit of Shares
Yash Highvoltage 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 |
| B-HNI (Min) | - | - | - |
| S-HNI (Max) | - | - | - |
| S-HNI (Min) | 2 | 2000 | ₹2,92,000 |
| Retail (Max) | 1 | 1000 | ₹1,46,000 |
Yash Highvoltage Promoter Holding
The Promoter of the Company is Mr. Keyur Girishchandra Shah.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 79.48% | - |
Yash Highvoltage COMPANY INFORMATION
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 11.3 lakh shares aggregating to Rs 16.50 crores. Yash Highvoltage IPO bidding opened for subscription on December 12, 2024 and will close 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 Shares. The minimum amount of investment required by retail investors is ₹146,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹292,000. 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. Refer to Yash Highvoltage IPO RHP for detailed information.
Incorporated in June 2002, Yash Highvoltage 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
IPO Overview and Key Highlights
Yash Highvoltage, a leader in manufacturing high-quality electrical insulators, is offering its Initial Public Offering (IPO). The IPO includes a fresh issue of up to 64,05,000 equity shares and an Offer for Sale (OFS) of 11,30,000 equity shares, totaling 75,35,000 equity shares at a face value of Rs 5 each. The funds raised aim to support capacity expansion, working capital, and general corporate purposes. The shares are set to be listed on the BSE SME Platform?.
Key IPO Details
- Type of Issue: 100% Book Built Issue
- Total Issue Size: 75,35,000 equity shares
- Face Value: Rs 5 per share
- Offer Opens: December 12, 2024
- Offer Closes: December 16, 2024
- Listing Exchange: BSE SME
Company Overview
Founded in 2002 and headquartered in Gujarat, Yash Highvoltage specializes in designing and manufacturing electrical insulators used in high-voltage applications. The company has a robust market presence, serving clients across domestic and international markets. Promoter Keyur Girishchandra Shah leads the company with decades of industry expertise.
Financial Overview
Yash Highvoltage has consistently delivered strong financial performance, driven by increasing demand for its innovative products. The IPO proceeds will be directed toward scaling operations and funding strategic initiatives.
Key Strengths of Yash Highvoltage
- Established Industry Player: Over two decades of expertise in manufacturing high-performance insulators.
- Innovative Product Portfolio: Focus on quality and durability, catering to a niche market.
- Experienced Leadership: Guided by a seasoned promoter with in-depth industry knowledge.
IPO Pros and Cons
Pros
- Growing Market: Rising demand for high-voltage electrical equipment in infrastructure and energy sectors.
- Operational Expansion: Proceeds will enhance manufacturing capabilities.
- Strong Brand: Established reputation in both domestic and export markets.
Cons
- Market Dependency: Revenue linked to performance of power and infrastructure sectors.
- Competitive Landscape: Faces competition from established global players in the electrical equipment market.
- First Public Issue: Potential volatility in post-listing stock performance?.
Risk Factors
Potential investors should evaluate the following risks:
- Economic Sensitivity: Dependency on the power sector and economic conditions.
- Regulatory Challenges: Compliance with industry standards and environmental norms.
- Operational Challenges: Managing scale-up operations without compromising product quality.
Conclusion
The Yash Highvoltage IPO provides an opportunity to invest in a well-established company operating in the niche market of high-voltage electrical insulators. With its strong market presence and experienced leadership, the company is poised for growth. However, potential investors should weigh the risks related to market dependency and regulatory compliance before making a decision.
FAQs About Yash Highvoltage Ipo
Yash Highvoltage IPO will open on 12 Dec, 2024 and close on 16 Dec, 2024. Investors must apply within this period to participate.
The Yash Highvoltage IPO price band is set between ₹138.00 and ₹146.00 per share. The minimum lot size is 1000, requiring an investment of at least ₹146000.00.
The Yash Highvoltage IPO shares are expected to be listed on 19 Dec, 2024, subject to regulatory approvals and final allotment.
You can track your Yash Highvoltage IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Yash Highvoltage IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.