Yash Highvoltage IPO - Day 3 Subscription at 23.07 Times

Yash Highvoltage's initial public offering (IPO) has concluded with robust investor interest, achieving an impressive overall subscription of 23.07 times by 11:00 AM on December 16, 2024. This strong final-day performance reflects substantial market confidence in the company's specialised position in transformer bushings manufacturing.

Yash Highvoltage IPO closing response showcased exceptional participation across investor categories, particularly from retail and non-institutional investors. The Retail Investors segment demonstrated overwhelming interest, reaching 35.56 times subscription, while Non-Institutional Investors showed strong confidence at 24.43 times. The QIB portion concluded at 0.21 times, reflecting measured institutional participation.

Subscription Status of Yash Highvoltage IPO:

*As of 11:00 AM

Here are the subscription details for Yash Highvoltage IPO as of Day 3 (16th December 2024, 11:00 AM):

Key Highlights:

• Overall subscription soared to 23.07 times, demonstrating exceptional market confidence
• Retail investors led with remarkable 35.56 times subscription, worth ₹1,300.90 crores
• NII category showed strong participation at 24.43 times, worth ₹383.15 crores
• QIB portion concluded at 0.21 times, worth ₹4.45 crores
• Total bids received for 11.56 crore shares worth ₹1,688.50 crores
• Applications reached 1,49,304, indicating widespread investor interest
• Final day response reflected overwhelming market confidence
• Strong momentum maintained across retail and NII categories

Yash Highvoltage IPO - Day 2 Subscription at 11.17 Times

Key Highlights Day 2

• Overall subscription improved significantly to 11.17 times
• Retail investors demonstrated growing interest with 18.18 times subscription
• NII category showed substantial improvement reaching 9.43 times
• QIB portion improved to 0.20 times
• Day two response indicated building market enthusiasm
• Strong momentum across retail and NII categories
• Subscription trend suggested robust investor appetite
• Significant improvement from day one levels

Yash Highvoltage IPO - Day 1 Subscription at 3.01 Times

Key Highlights Day 1

• Overall subscription opened strong at 3.01 times
• Retail investors showed early confidence with 4.94 times subscription
• NII category demonstrated good start with 2.54 times
• QIB portion yet to see participation
• Opening day response indicated positive market sentiment
• Strong initial retail participation reflected brand recognition
• First-day momentum suggested promising investor interest
• Early subscription levels indicated market confidence

About Yash Highvoltage Limited

Incorporated in June 2002, Yash Highvoltage Limited has established itself as a specialised manufacturer of transformer bushings. Operating from their manufacturing facility in Vadodara, Gujarat, the company has an annual production capacity of 7,000 bushings, split across Oil-Immersed Paper (OIP), Resin-Impregnated Paper (RIP), and High Current Bushings.

With 157 full-time employees as of November 2024, the company has demonstrated solid financial performance, achieving 20.43% revenue growth and 5.61% PAT increase between FY2023 and FY2024. Their comprehensive product portfolio, including various types of transformer bushings and related services, positions them uniquely in the Indian transformer bushing market.

Highlights of the Yash Highvoltage IPO:

• IPO type: Book Built Issue
• IPO size: ₹110.01 crores
• Fresh Issue: ₹93.51 crores
• Offer for Sale: ₹16.50 crores
• Face value: ₹5 per share
• Price band: ₹138 to ₹146 per share
• Lot size: 1,000 shares
• Minimum investment for retail investors: ₹1,46,000
• Minimum investment for HNI: ₹2,92,000 (2 lots)
• Listing at: BSE SME
• IPO opens: December 12, 2024
• IPO closes: December 16, 2024
• Allotment date: December 17, 2024
• Refund initiation: December 18, 2024
• Credit of shares: December 18, 2024
• Listing date: December 19, 2024
• Lead Manager: Indorient Financial Services Ltd
• Registrar: Bigshare Services Pvt Ltd
• Market Maker: Alacrity Securities Ltd