Yash Highvoltage Limited IPO (Yash Highvoltage IPO) Detail
The Yash Highvoltage IPO is a book-built issue with a total size of ₹110.01 crores. It consists of a fresh issue of 64.05 lakh shares worth ₹93.51 crores and an offer for sale of 11.3 lakh shares worth ₹16.50 crores.
The IPO will open for subscription on December 12, 2024, and close on December 16, 2024. The final allotment will be announced on Tuesday, December 17, 2024. Yash Highvoltage is expected to list on the BSE SME segment on December 19, 2024.
The price band for the IPO has been set between ₹138 and ₹146 per share. The minimum application lot size is 1,000 shares, requiring a minimum investment of ₹146,000 for retail investors. High-net-worth individuals (HNIs) are required to apply for a minimum of 2 lots (2,000 shares), amounting to ₹292,000.
Indorient Financial Services Ltd is the book-running lead manager for the IPO, while Bigshare Services Pvt Ltd will act as the registrar. Alacrity Securities is the designated market maker for the Yash Highvoltage IPO.
Yash Highvoltage IPO Details
| IPO Date | December 12, 2024 to December 16, 2024 |
| Listing Date | Thursday, December 19, 2024 |
| Face Value | ₹5 per share |
| Price Band | ₹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 SME |
| Share holding pre issue | 22,146,249 |
| Share holding post issue | 28,551,249 |
| Market Maker portion | 377,000 shares |
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 |
| 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 |
Yash Highvoltage IPO Lot Size
Investors can place bids for a minimum of 1,000 shares, with additional bids in multiples of 1,000. The table below outlines the minimum and maximum investments for retail investors and high-net-worth individuals (HNIs), based on the number of shares and the corresponding amounts.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹146,000 |
| Retail (Max) | 1 | 1000 | ₹146,000 |
| HNI (Min) | 2 | 2,000 | ₹292,000 |
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% of the Net Issue |
Yash Highvoltage IPO Promoter Holding
The Promoter of the Company is Mr. Keyur Girishchandra Shah.
| Share Holding Pre Issue | 79.48% |
| Share Holding Post Issue |
About Yash Highvoltage Limited
Yash Highvoltage Limited was established in June 2002 and specializes in the manufacturing and distribution of a diverse range 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, the company offers repair, retrofitting, and replacement services for old bushings.
Yash Highvoltage’s manufacturing facility is located in Vadodara, Gujarat, with an annual production capacity of 7,000 bushings. This capacity includes 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 facility is fully equipped with in-house quality testing facilities.
As of November 30, 2024, the company employs 157 full-time staff members.
Yash Highvoltage Limited Financial Information (Restated)
Yash Highvoltage Limited’s revenue grew by 20.43%, and its profit after tax (PAT) increased by 5.61% for the financial year ending March 31, 2024, compared to the previous year ending 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 |
| 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 | ||||
Key Performance Indicator
The market capitalization of the Yash Highvoltage IPO is ₹416.85 crore, based on key performance indicators as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 32.51% |
| ROCE | 44.07% |
| Debt/Equity | 0.17 |
| RoNW | 32.51% |
| P/BV | 1.07 |
| PAT Margin (%) | 11.12 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.45 | 4.38 |
| P/E (x) | 26.8 | 33.32 |
Note:
- The Pre-IPO EPS is calculated based on the pre-issue shareholding as of the RHP date and the most recent fiscal year earnings as of March 31, 2024, as provided in the RHP.
- The Post-IPO EPS is calculated based on the post-issue shareholding and the annualized fiscal year earnings as of June 30, 2024, as mentioned in the RHP
Objects of the Issue (Yash Highvoltage IPO Objectives)
The Net Proceeds from the Fresh Issue, which is the Gross Proceeds minus the issue expenses allocated to the Company, are intended to be used for the following purposes:
- Establishing a new facility for the production of Resin Impregnated Paper (RIP) / Resin Impregnated Synthetic (RIS) transformer condenser graded bushings.
- For general corporate purposes.
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