Yash Highvoltage Ltd
Yash Highvoltage Ltd, a manufacturer specializing in transformer bushings, has launched its Initial Public Offering (IPO) to raise ₹110.01 crore. Below is a comprehensive overview of the IPO details:
Introduction
Yash Highvoltage Ltd is offering its shares to the public through an IPO, with the subscription period from December 12 to December 16, 2024. The company aims to raise ₹110.01 crore through this offering.
Company Overview
Incorporated in 2002, Yash Highvoltage Ltd specializes in manufacturing and distributing a wide range of transformer bushings, including Oil-Impregnated Paper (OIP) condenser bushings, Resin-Impregnated Paper (RIP), and Resin-Impregnated Synthetic (RIS) condenser bushings. The company also offers repair, retrofitting, and replacement services for old bushings. Their manufacturing unit in Vadodara, Gujarat, has an annual production capacity of 7,000 bushings.
IPO Timeline
- IPO Open Date: December 12, 2024
- IPO Close Date: December 16, 2024
- Basis of Allotment Date: December 17, 2024
- Initiation of Refunds: December 18, 2024
- Credit of Shares to Demat Accounts: December 18, 2024
- Listing Date: December 19, 2024
Price Band and Lot Size
- Price Band: ₹138 to ₹146 per share
- Lot Size: 1,000 shares per lot
Financials
In the fiscal year 2024, Yash Highvoltage reported a revenue of ₹109.12 crore, marking a 20.43% increase from ₹90.61 crore in fiscal 2023. The net profit for fiscal 2024 was ₹12.06 crore, a 5.61% increase from ₹11.42 crore in fiscal 2023. In the first quarter of the ongoing financial year, the company reported a revenue of ₹27.77 crore and a net profit of ₹3.12 crore.
Strengths
- Diverse Product Portfolio: Offers a wide range of transformer bushings catering to various industry needs.
- Established Manufacturing Facility: State-of-the-art manufacturing unit with significant production capacity.
- Experienced Management Team: Led by professionals with extensive experience in the electrical industry.
Risks
- Market Competition: Faces competition from other established players in the transformer bushing industry.
- Dependence on the Power Sector: Business performance is closely tied to the growth and demand in the power sector.
IPO Anchor Investors Details
Yash Highvoltage Ltd has allocated 21,46,000 shares to anchor investors, raising ₹31.33 crore.
IPO Promoter Holding
| Promoter | Pre-Issue Holding | Post-Issue Holding |
|---|---|---|
| Mr. Keyur Girishchandra Shah | 79.48% | Not Available |
IPO Grey Market Premium (GMP)
As of December 13, 2024, the grey market premium for Yash Highvoltage IPO stood at ₹110, indicating a 75.34% premium over the issue price.
Final Thoughts
Yash Highvoltage Ltd’s IPO presents an opportunity for investors interested in the electrical manufacturing sector. The company’s consistent financial growth and established market presence are promising. However, potential investors should consider market competition and sector dependence before making investment decisions.