December 19, 2024
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Yash Highvoltage listing Review
The shares of Vadodara headquartered Yash highvoltage are listed at Rs. 277, premium of 89.73% over its issue price Rs. 146. The listing is highly impressive, yet it is below grey market anticipation of Rs. 298
Yash Highvoltage IPO allotment Link
Rs. 152
Subscription status of Yash Highvoltage IPO
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Yash Highvoltage Limited IPO Price Rs. 146 Lot 1000 shares, Rs. 110.01 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 123.70 | 330.03 | 151.52 | 181.82 | 4,01,296 |
| Amount wise bids recd. Rs. ? Crore | ||||
| Note: | ||||
What is the business of Yash Highvoltage?
Incorporated in June 2002, Yash Highvoltage Limited specializes in the manufacturing and distribution of a wide variety of transformer bushings.
The company’s product range 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. Additionally, Yash Highvoltage offers repair, retrofitting, and replacement services for aging bushings.
The company’s manufacturing facility, located in Vadodara, Gujarat, has an annual production capacity of 7,000 bushings. This includes 3,700 units of OIP bushings, 3,000 units of RIP bushings, and 300 units of high-current bushings. The factory is equipped with in-house quality testing facilities to ensure product excellence.
As of November 30, 2024, Yash Highvoltage employs 157 full-time staff members.
Get more information about the company @ https://www.yashhv.com/
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Yash Highvoltage IPO Details |
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| IPO opens on | 12 December 2024 |
| IPO closes on | 16 December 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 7535000 Shares / Rs 110.01 Crore |
| * Fresh Issue | 6405000 Shares / Rs 93.51 Crore |
| * Offer for Sale – | 1130000 shares / Rs. 16.50 crore |
| Market Maker Portion | 377000 Shares |
| Net offer to Public | 7158000 Shares/ Rs.104.51 Crore |
| Face Value per share | Rs. 5 |
| Price Band | Rs. 138-146 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1000 Shares |
| Listing will at | BSE SME |
Shares offered in IPO |
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| Shares | Rs. (Crore) | |
| QIB (50%) | 3579000 | 52.25 |
| NII (15%) | 1073700 | 15.68 |
| RII (35%) | 2505300 | 36.58 |
| Total Shares | 7158000 | 104.51 |
| Retail portion will be oversubscribed by |
2505 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 1000 Shares | Rs.146000 |
| Min HNI Application | 2000 Shares | Rs. 292000 |
Who are the Promoters of Yash Highvoltage?
The Promoter of the Company is Mr. Keyur Girishchandra Shah
What are the Objects of Yash Highvoltage IPO?
The Offer comprises of fresh issue of shares.
The 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
Tentative timetable |
|
| IPO opens on | 12 December 2024 |
| IPO Closes on | 16 December 2024 |
| IPO Allotment on | 17 December 2024 |
| Refund Initiation | 18 December 2024 |
| Credit of Shares | 18 December 2024 |
| Listing on | 19 December 2024 |
| Registered Office of the Company Yash Highvoltage Limited 84/1B PO Khakharia, Taluka-Savli, Vadodara 391510, |
| Who is the Lead Manager of this IPO? Expert Global Consultants Pvt Ltd |
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Who is the Registrar to IPO? |
Yash Highvoltage IPO GMP grey market premium, review, Subscription, allotment, listing estimate
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Yash Highvoltage IPO Financial & Analytical Ratios |
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| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 65.38 | 8.71 | 3.93 | 42.02 |
| 2022-23 | 90.61 | 11.42 | 5.16 | 40.37 |
| 2023-24 | 109.12 | 12.06 | 5.45 | 31.51 |
| Book Value of the Share on 31.03.2024 |
Rs | 19.03 | ||
| BV of the Share at cap price after IPO |
Rs. | |||
| Offer Price/upper band | Rs. | 146 | ||
Key Performance
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| Price/EPS of 23-24 | 26.78 |
| Price/BV Ratio | 7.67 |
| Debt/Equity Ratio | 0.17 |
How Yash Highvoltage IPO compares with the Peers?
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Crore | |||
| Yash Highvoltage | 5 | – | 26.78 |
| Crompton Greaves Power | 2 | 78.53 | |
| Hitachi Energy | 2 | 309.78 | |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Yash Highvoltage IPO Review
Incorporated in June 2002, Yash Highvoltage Limited specializes in the manufacturing and distribution of a wide variety of transformer bushings.
The company’s manufacturing facility, located in Vadodara, Gujarat, has an annual production capacity of 7,000 bushings. This includes 3,700 units of OIP bushings, 3,000 units of RIP bushings, and 300 units of high-current bushings. The factory is equipped with in-house quality testing facilities to ensure product excellence.
As of November 30, 2024, Yash Highvoltage employs 157 full-time staff members.
The size of the IPO is somewhat large and it will require 2505 applications for one time subscription of retail portion.
The fundamentals of this Gujarati company is impressive with very low debt equity ratio of 0.17. The offer price at upper price band is very reasonable and leaves room for listing gains.
At current GMP of Rs. 130 Vs offer price of Rs. 146, the GMP to price ratio is very strong.
+ from fundamental angle: Apply
+ from grey market angle: Apply
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