Bookbuilding IPO | ₹110 Cr | Listed at BSE SME | Thu, Dec 12, 2024 - Mon, Dec 16, 2024
Yash Highvoltage IPO is a book build issue of ₹110.01 crores. The issue is a combination of fresh issue of 0.64 crore shares aggregating to ₹93.51 crores and offer for sale of 0.11 crore shares aggregating to ₹16.50 crores.
Yash Highvoltage IPO bidding started from Dec 12, 2024 and ended on Dec 16, 2024. The allotment for Yash Highvoltage IPO was finalized on Dec 17, 2024. The shares got listed on BSE SME on Dec 19, 2024.
Yash Highvoltage IPO price band is set at ₹146 per share. The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,46,000 (1000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,000 shares), amounting to ₹2,92,000.
Indorient Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Alacrity Securities Ltd..
Refer to Yash Highvoltage IPO RHP for detailed Information.
IPO Open
Thu, Dec 12, 2024
IPO Close
Mon, Dec 16, 2024
Issue Price
₹146 per share
Market Cap (Pre-IPO)
₹416.85 Cr
| IPO Date | 12 to 16 Dec, 2024 |
| Listed on | Thu, Dec 19, 2024 |
| Face Value | ₹5 per share |
| Price Band | ₹138 to ₹146 |
| Issue Price | ₹146 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 75,35,000 shares (agg. up to ₹110 Cr) |
| Reserved for Market Maker | 3,77,000 shares Alacrity Securities Ltd. (agg. up to ₹6 Cr) |
| Fresh Issue (Ex Market Maker) | 60,28,000 shares (agg. up to ₹88 Cr) |
| Offer for Sale | 11,30,000 shares of ₹5 (agg. up to ₹16 Cr) |
| Net Offered to Public | 71,58,000 shares (agg. up to ₹105 Cr) |
| Share Holding Pre Issue | 2,21,46,249 shares |
| Share Holding Post Issue | 2,85,51,249 shares |
| BSE Script Code | 544310 |
| ISIN | INE00GK01023 |
Yash Highvoltage IPO comprises a total issue size of 75,35,000 shares. The net offer to the public is 71,58,000 shares, after excluding 3,77,000 shares allotted on a firm basis. Of the Net offer 35,78,000 (49.99%) are allocated to QIB, 10,74,000 (15.00%) allocated to NII 25,06,000 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 35,78,000 | 49.99% | 47.49% |
| − Anchor Investor Shares Offered | 21,46,000 | 28.48% | |
| − QIB (Ex. Anchor) Shares Offered | 14,32,000 | 19.00% | |
| NII (HNI) Shares Offered | 10,74,000 | 15.00% | 14.25% |
| Retail Shares Offered | 25,06,000 | 35.01% | 33.26% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,77,000 | 5.00% | |
| Total Shares Offered | 75,35,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,46,000 |
| Retail (Max) | 1 | 1,000 | ₹1,46,000 |
| HNI (Min) | 2 | 2,000 | ₹2,92,000 |
Yash Highvoltage IPO raises ₹31.33 crore from anchor investors. Yash Highvoltage IPO Anchor bid date is December 11, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Dec 11, 2024 |
| Shares Offered | 21,46,000 |
| Anchor Portion (₹ Cr.) | 31.33 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Jan 16, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Mar 17, 2025 |
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
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 80.84 | 70.39 | 59.15 | 43.16 |
| Total Income | 27.78 | 109.12 | 90.61 | 65.38 |
| Profit After Tax | 3.13 | 12.06 | 11.42 | 8.71 |
| NET Worth | 45.26 | 42.13 | 32.08 | 24.51 |
| Reserves and Surplus | 37.88 | 39.06 | 29.01 | 21.43 |
| Total Borrowing | 12.57 | 7.08 | 7.78 | 7.44 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up a new factory to manufacture RIP/RIS transformer condenser graded bushings | 70.34 |
| 2 | General Corporate Purposes | 14.76 |
| KPI | Mar 31, 2024 |
|---|---|
| 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 (₹) | 5.45 | 4.38 |
| P/E (x) | 26.8 | 33.32 |
| Promoter Holding | 79.48% | 57.7% |
| Market Cap | ₹416.85 Cr. |
The Yash Highvoltage IPO is subscribed 181.82 times on December 16, 2024 6:15:10 PM (Day 3). The public issue subscribed 151.52 times in the retail category, 123.7 times in the QIB category, and 330.03 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 123.7 | 14,32,000 | 17,71,41,000 | 111 |
| NII* | 330.03 | 10,74,000 | 35,44,48,000 | 21,436 |
| Retail | 151.52 | 25,06,000 | 37,96,99,000 | 3,79,749 |
| Total | 181.82 | 50,12,000 | 91,12,88,000 | 4,01,296 |
Total Application : 4,01,296
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager fees [including underwriting] | 8.30 |
| 2 | Brokerage, selling commission and other uploading fees | 0.12 |
| 3 | Fees payable to Registrar to the Offer | 0.20 |
| 4 | Fees to the legal counsel, audit / chartered accountant fees | 0.46 |
| 5 | Advertising and marketing expenses | 0.48 |
| 6 | Fees payable to regulators including stock exchange | 0.01 |
| 7 | Printing and distribution expenses | 0.03 |
| 8 | Fees paid to Industry Report provider | 0.06 |
| 9 | Miscellaneous | 0.06 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹146.00 |
| Open | ₹277.40 |
| Low | ₹277.40 |
| High | ₹291.25 |
| Last Trade | ₹291.25 |
Lead Manager Reports
Yash Highvoltage IPO is a SME IPO of 75,35,000 equity shares of the face value of ₹5 aggregating up to ₹110 Crores. The issue is priced at ₹146 per share. The minimum order quantity is 1000.
The IPO opens on Thu, Dec 12, 2024, and closes on Mon, Dec 16, 2024.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Yash Highvoltage IPO using UPI as a payment gateway. Zerodha customers can apply in Yash Highvoltage IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Yash Highvoltage IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Yash Highvoltage IPO opens on Thu, Dec 12, 2024 and closes on Mon, Dec 16, 2024.
Yash Highvoltage IPO lot size is 1000, and the minimum amount required for application is ₹1,46,000.
You can apply in Yash Highvoltage IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Yash Highvoltage IPO will be done on Tuesday, December 17, 2024, and the allotted shares will be credited to your demat account by Wed, Dec 18, 2024. Check the Yash Highvoltage IPO allotment status.
The Yash Highvoltage IPO listing date is on Thu, Dec 19, 2024.
