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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 ₹146.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,38,000 (1000 shares). 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 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 Date | December 12, 2024 to December 16, 2024 |
| Listing Date | December 19, 2024 |
| Face Value | ₹5 per share |
| Issue Price Band | ₹138 to ₹146 per share |
| Issue Price Final | ₹146 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 75,35,000 shares (aggregating up to ₹110.01 Cr) |
| Reserved for Market Maker | 3,77,000 shares Alacrity Securities Ltd. (aggregating up to ₹5.50 Cr) |
| Fresh Issue (Ex Market Maker) | 60,28,000 shares (aggregating up to ₹88.01 Cr) |
| Offer for Sale | 11,30,000 shares of ₹5 (aggregating up to ₹16.50 Cr) |
| Net Offered to Public | 71,58,000 shares (aggregating up to ₹104.51 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 2,21,46,249 shares |
| Share Holding Post Issue | 2,85,51,249 shares |
Yash Highvoltage IPO offers total 75,35,000 shares. Out of which 35,78,000 (47.49%) allocated to QIB, 14,32,000 (19.00%) allocated to QIB, 10,74,000 (14.25%) allocated to NII, 25,06,000 (33.26%) allocated to RII and 21,46,000 (28.48%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,77,000 (5.00%) |
| QIB Shares Offered | 35,78,000 (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 (14.25%) |
| Retail Shares Offered | 25,06,000 (33.26%) |
| Total Shares Offered | 75,35,000 (100.00%) |
Yash Highvoltage IPO raises ₹31.33 crore from anchor investors. Yash Highvoltage IPO Anchor bid date is December 11, 2024. Yash Highvoltage IPO Anchor Investors list
| Bid Date | December 11, 2024 |
| Shares Offered | 21,46,000 |
| Anchor Portion Size (In Cr.) | 31.33 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 16, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 17, 2025 |
Yash Highvoltage IPO opens on December 12, 2024, and closes on December 16, 2024.
| IPO Open Date | Thu, Dec 12, 2024 |
| IPO Close Date | Mon, Dec 16, 2024 |
| Tentative Allotment | Tue, Dec 17, 2024 |
| Initiation of Refunds | Wed, Dec 18, 2024 |
| Credit of Shares to Demat | Wed, Dec 18, 2024 |
| Tentative Listing Date | Thu, Dec 19, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Dec 16, 2024 |
Investors can bid for a minimum of 1,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
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 |
| Total Income | 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 | ||||
The market capitalization of Yash Highvoltage IPO is ₹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 |
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:
[Dilip Davda] The company is engaged in manufacturing and distribution of transformer bushings with wide portfolio of products. It enjoys over 96% repeat orders in its total revenue following niche place enjoyed by it. The company marked steady growth in its top lines but bottom line remained stagnant for the reported periods due to provisioning of interest, depreciation etc. Based on FY25 annualized earnings, the issue appears fully priced. Investors may park funds for medium to long term. Read detail review...
| Listing Date | December 19, 2024 |
| BSE Script Code | 544310 |
| NSE Symbol | |
| ISIN | INE00GK01023 |
| Final Issue Price | ₹146 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹146.00 |
| Open | ₹277.40 |
| Low | ₹277.40 |
| High | ₹291.25 |
| Last Trade | ₹285.63 |
Yash Highvoltage Ltd.
84/1B
PO Khakharia,
Taluka-Savli, Vadodara 391510,
Savli, Gujarat
Phone: +91 74900 28892
Email: cs@yashhv.com
Website: https://www.yashhv.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Yash Highvoltage IPO is a SME IPO of 75,35,000 equity shares of the face value of ₹5 aggregating up to ₹110.01 Crores. The issue is priced at ₹146 per share. The minimum order quantity is 1000.
The IPO opens on December 12, 2024, and closes on December 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 December 12, 2024 and closes on December 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 Wednesday, December 18, 2024. Check the Yash Highvoltage IPO allotment status.
The Yash Highvoltage IPO listing date is on Thursday, December 19, 2024.
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