Yash Highvoltage IPO is a book-built issue worth ₹110.01 crores. The issue comprises a fresh issue of 64.05 lakh shares, aggregating to ₹93.51 crores, and an offer for sale of 11.3 lakh shares, aggregating to ₹16.50 crores.
The subscription period for the Yash Highvoltage IPO will open on December 12, 2024, and close on December 16, 2024. The allotment of shares is expected to be finalized on Tuesday, December 17, 2024. The IPO is scheduled to list on the BSE SME platform, with the tentative listing date set for Thursday, December 19, 2024.
Yash Highvoltage operates in the power and electrical sector, specifically focusing on the manufacturing and distribution of transformer bushings. Their products include 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. They also provide repair, retrofitting, and replacement services for old bushings.
The price band for the Yash Highvoltage IPO is set between ₹138 and ₹146 per share. Investors must apply for a minimum lot size of 1,000 shares, requiring a minimum investment of ₹146,000 for retail investors. High Net-worth Individuals (HNIs) must invest in at least two lots, or 2,000 shares, amounting to ₹292,000.
Indorient Financial Services Ltd is the book-running lead manager for this IPO, while Bigshare Services Pvt Ltd is the registrar. Alacrity Securities serves as the designated market maker for the Yash Highvoltage IPO.
Yash Highvoltage IPO Details:
| Company Name | Yash Highvoltage Limited |
| Sector | Power and Electrical |
| IPO Type | SME |
| IPO Open date | 12th Dec 2024 |
| IPO Close date | 16th Dec 2024 |
| OFS | |
| Listing Exchanges | BSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Yash Highvoltage IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1000 | 1,46,000 |
| HNI (Min) | 2 | 2000 | 2,92,000 |
Yash Highvoltage IPO Timeline:
| IPO Open Date | 12th Dec 2024 |
| IPO Close Date | 16th Dec 2024 |
| Basis of Allotment | 17th Dec 2024 |
| Refund Initiation Date | 18th Dec 2024 |
| Shares Credit to Demat | 18th Dec 2024 |
| Listing Date | 19th Dec 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Yash Highvoltage’s Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Power and Electrical Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Yash Highvoltage and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
