Yash Highvoltage Ltd. was incorporated on June 06, 2002. The company manufactures and distributes transformer bushings, including Oil Impregnated Paper, Resin Impregnated Paper, Resin Impregnated Synthetic, high voltage/current, wall, and oil-to-oil bushings. It also provides repair, retrofitting, and replacement services for old bushings
| Bidding Dates |
|---|
| 12 Dec 2024 - 16 Dec 2024 |
| Subscription |
|---|
| 169.17x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,38,000 | 1 | 1 | 1000 | 7.5 M | ₹138 - ₹146 | 57.7 % | ₹1039.8 M - ₹1100.1 M | RHP DOC |
Yash Highvoltage Ltd. IPO SUBSCRIPTION STATUS
16 Dec '24Yash Highvoltage Ltd. IPO overall subscription rate was 169.17 times the total available shares
Yash Highvoltage Ltd. IPO retail subscription rate was 201.31 times in the retail segment
Yash Highvoltage Ltd. IPO non-institutional investor subscription rate was 438.96 times in the non-institutional investor category
Yash Highvoltage Ltd. IPO Qualified Institutional Bidder subscription rate was 65.74 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
16 Dec 2024 (Day 3) | 201.31x | 438.96x | 65.74x |
13 Dec 2024 (Day 2) | 24.16x | 12.99x | 0.11x |
12 Dec 2024 (Day 1) | 6.56x | 3.37x | 0x |
Yash Highvoltage Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| Q1FY25 | 31.3 | 276.3 | 25.8 | -31.9 | 18.9% |
| FY24 | 120.6 | 1,084.8 | 102.7 | 12.2 | 18.6% |
| FY23 | 114.2 | 903.6 | 91.2 | 50.5 | 21.2% |
| FY22 | 87.1 | 650.6 | 72.8 | 6.1 | 22.3% |
Yash Highvoltage Ltd. IPO SUBSCRIPTION STATUS DETAILS
Yash Highvoltage Ltd. had 7.5 M shares on offer
Yash Highvoltage Ltd. IPO offer price was in the range ₹138 - ₹146
Yash Highvoltage Ltd. IPO minimum Investment was ₹138000
Yash Highvoltage Ltd. IPO issue size was ₹ 1039.8 M - ₹ 1100.1 M
Yash Highvoltage Ltd. had a minimum lot size of 1000 Shares per application
Yash Highvoltage Ltd. NUMBER OF SHARES ON OFFER
Yash Highvoltage Ltd. IPO IMPORTANT DATES
| Issue Open Date | 12 Dec 2024 |
| Issue close Date | 16 Dec 2024 |
| Allotment Date | 17 Dec 2024 |
| Refund Date | 18 Dec 2024 |
| Demat Account Credit Date | 18 Dec 2024 |
| Listing Date | 19 Dec 2024 |
| Listing on Exchange(s) | BSE |
| Yash Highvoltage Ltd. Allotment Status | Exchange |
Yash Highvoltage Ltd. IPO subscription opened on 12 Dec 2024, and closed on 16 Dec 2024
IPO allotment for Yash Highvoltage Ltd. was finalized on Tuesday, 17 Dec 2024
IPO listing for Yash Highvoltage Ltd. was on BSE on Thursday, 19 Dec 2024
Yash Highvoltage Ltd. IPO LISTING GAINS
| Issue Price (adjusted) | 146.0 |
| Listing Open Price | 277.4 |
| Listing Close Price | 291.3 |
| Listing Gain% | 90.0% |
| Current Gain% | 555.5% |
Yash Highvoltage Ltd. Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Yash Highvoltage Ltd. | 957 | 2732.2 | 73.4 | 11.3 | 20.3 | 14.1 | 241 | 37.3 | 13 | ||||
| ABB India Ltd. | 7600 | 161050.4 | 53.9 | 11.8 | 21.3 | 12.2 | 13555.1 | 8.1 | 1668.3 | -10.9 | 141 | ||
| Hitachi Energy India Ltd. | 32600 | 145306 | 126.3 | 1 | 15.9 | 19.1 | 8.2 | 8387.6 | 30.2 | 987.8 | 157.3 | 258.1 | 127.7 |
| Bharat Heavy Electricals Ltd. | 405.2 | 141093.2 | 58 | 0.1 | 3.9 | 6.1 | 2.1 | 34589.8 | 20.1 | 1600.3 | 199.7 | 7 | 739.4 |
| Siemens Ltd. | 3940.1 | 140315 | 90.2 | -2.2 | 7.8 | 19.9 | 12.9 | 25598.6 | 10.5 | 2751.6 | 1.3 | 43.7 | -40.3 |
| CG Power and Industrial Solutions Ltd. | 879 | 138482.1 | 110.8 | 4.5 | 10.8 | 15.1 | 9.5 | 12662.2 | 25.7 | 1206.3 | 23.8 | 7.9 | 24.7 |
Yash Highvoltage Ltd. INFORMATION ON IPO ISSUE
About Yash Highvoltage Ltd.
Yash Highvoltage Ltd. was incorporated on June 06, 2002. The company manufactures and distributes transformer bushings, including Oil Impregnated Paper, Resin Impregnated Paper, Resin Impregnated Synthetic, high voltage/current, wall, and oil-to-oil bushings. It also provides repair, retrofitting, and replacement services for old bushings
Object of the Issue
- Setting up a new factory to manufacture Resin Impregnated Paper (RIP) / Resin Impregnated Synthetic (RIS) transformer condenser graded bushings
- General corporate purposes
Yash Highvoltage Ltd. - PROMOTERS
| Name |
|---|
| Keyur Girishchandra Shah |
Yash Highvoltage Ltd. Lead Manager of the Issue
Indorient Financial Services Limited
compliance-ifsl@indorient.in
Yash Highvoltage Ltd. Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Yash Highvoltage Ltd. Strengths
Well positioned in Indian market
The high-voltage condenser bushings segment (>36 kV to 245 kV) features ~15 key players, including horizontal players with in-house bushing facilities, global suppliers to transformer OEMs, and specialized vertical players focused solely on condenser bushings meeting international standards
Demand for bushings
The bushing market, both domestic and international, is benefiting from strong tailwinds. In India, factors driving power demand include population growth, rapid urbanization, industrialization under the "Make in India" initiative, and railway electrification
Manufacturing facility & R&D capabilities
The factory is equipped with advanced manufacturing and testing systems sourced internationally, including automatic winding machines, SCADA-controlled autoclaves, and EHV testing labs. Products undergo rigorous testing per IEC 60137:2017 and IEEE standards, ensuring quality before dispatch
Yash Highvoltage Ltd. Risks
Delay in procurement
A portion of the net proceeds is planned for a new manufacturing facility in Vadodara, Gujarat. Delays in equipment procurement, government approvals, or implementation could lead to cost overruns, adversely affecting business and financial performance
Depend on vendors for raw materials
The business relies on a limited number of suppliers for raw materials. Losing one or more suppliers could negatively impact operations, financial condition, and cash flows
Dependent on transformer bushings sales
The majority of revenue comes from transformer bushings. Any negative impact on their sales could harm operations and profitability
IPO FAQs
This IPO consists of an offer for sale of up to Rs 16.5 crore, of 1,130,000 shares. It also consists of a fresh issue of Rs 93.5 crore.
The promoter of the company is Keyur Girishchandra Shah.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 138.0 - 146.0.
The IPO application opens on Dec 12, 2024 and closes on Dec 16, 2024.
The minimum lot size for the IPO is 1000. The maximum lot size for the IPO is 1000.
For all category investors, the minimum application amount for this IPO is Rs. 138,000.0, the maximum value for this IPO is Rs 146,000.0.
This IPO will be allotted on Dec 17, 2024.
The refund will be credited to your account on Dec 18, 2024.
The allotted shares will be credited to your demat on Dec 18, 2024.
Yash Highvoltage Ltd.’s shares listed on the stock exchanges on Dec 19, 2024.