Yash Highvoltage IPO

NiftyTrader • December 11, 2024

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Yash Highvoltage IPO opens for subscription on December 12, 2024 and closes on December 16, 2024. The allotment for the Yash Highvoltage IPO is expected to be finalized on Tuesday, December 17, 2024. Yash Highvoltage IPO will list on BSE SME with tentative listing date fixed as Thursday, December 19, 2024.

Yash Highvoltage IPO price band is set at ₹138 to ₹146 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹146,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹292,000.

Yash Highvoltage IPO is a book built issue of Rs 110.01 crores. The issue is a combination of fresh issue of 64.05 lakh shares aggregating to Rs 93.51 crores and offer for sale of 11.3 lakh shares aggregating to Rs 16.50 crores.

Yash Highvoltage IPO Details

IPO Date	December 12, 2024 to December 16, 2024
Listing Date	[.]
Face Value	₹5 per share
Price	₹138 to ₹146 per share
Lot Size	1000 Shares
Total Issue Size	7,535,000 shares (aggregating up to ₹110.01 Cr)
Fresh Issue	6,405,000 shares (aggregating up to ₹93.51 Cr)
Offer for Sale	1,130,000 shares of ₹5 (aggregating up to ₹16.50 Cr)
Issue Type	Book Built Issue IPO
Listing At	BSE, NSE
Shareholding pre-issue	22,146,249
Share holding post issue	28,551,249
Market Maker portion	377,000 shares

Yash Highvoltage IPO Lot Size

Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application	Lots	Shares	Amount
Retail (Min)	1	1000	₹146,000
Retail (Max)	1	1000	₹146,000
S-HNI (Min)	2	2000	₹292,000

Yash Highvoltage IPO Objectives

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:

Setting up a new factory to manufacture Resin Impregnated Paper (RIP) / Resin Impregnated Synthetic (RIS) transformer condenser graded bushings
General Corporate Purposes

About Yash Highvoltage

Incorporated in June 2002, Yash Highvoltage 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

Strong track record of supply and installation creates entry barriers for new playersongst healthcare organizations and physicians.

Unique positioning in the Indian Transformer Bushing Market

The demand for bushings will increase due to strong industry trends.

Yash Highvoltage Financial Information

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
Revenue	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

Yash Highvoltage IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50% of the Net Issue
Retail Shares Offered	Not less than 35% of the Net Issue
NII (HNI) Shares Offered	Not less than 15.00% of the Net Issue

Yash Highvoltage IPO Timeline (Tentative Schedule)

Yash Highvoltage IPO opens on December 12, 2024, and closes on December 16, 2024.

IPO Open Date	Thursday, December 12, 2024
IPO Close Date	Monday, December 16, 2024
Basis of Allotment	Tuesday, December 17, 2024
Initiation of Refunds	Wednesday, December 18, 2024
A credit of Shares to Demat	Wednesday, December 18, 2024
Listing Date	Thursday, December 19, 2024
Cut-off time for UPI mandate confirmation	5 PM on December 16, 2024