Yash HighVoltage IPO is a book-built issue aiming to raise ₹110.01 crores, comprising a fresh issue of ₹93.51 crores (64.05 lakh shares) and an offer for sale of ₹16.50 crores (11.3 lakh shares). The IPO opens for subscription on December 12, 2024, and closes on December 16, 2024, with a price band set at ₹138 to ₹146 per share. Retail investors can apply with a minimum lot size of 1,000 shares, requiring an investment of ₹146,000, while HNI investors need to invest in at least 2 lots (2,000 shares) amounting to ₹292,000. The allotment is expected on December 17, 2024, and the shares will list on BSE SME on December 19, 2024. With revenue of ₹108.48 crores in 2024 (up from ₹90.36 crores in 2023) and profits of ₹12.06 crores (compared to ₹11.42 crores in 2023), the company’s financials suggest the IPO may be a good investment for the long term.
About Yash Highvoltage IPO
Incorporated in June 2002, Yash Highvoltage Limited specializes in manufacturing and distributing a wide range of transformer bushings, catering to diverse industrial needs. 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. Along with its products, the company provides value-added services such as repairing, retrofitting, and replacing old bushings. It also offers on-site and off-site technical testing, analysis, and repair services to enhance the reliability and performance of transformer bushings.
The company operates from its state-of-the-art manufacturing unit in Vadodara, Gujarat, which has an annual production capacity of 7,000 bushings. This includes 3,700 units of OIP bushings, 3,000 units of RIP bushings, and 300 units of high-current bushings. The factory is fully equipped with in-house quality testing facilities, ensuring products meet high standards of performance and durability.
With a strong track record of supply and installation and a unique position in the Indian transformer bushing market, Yash Highvoltage Limited has established itself as a leading name in the industry. The company benefits from increasing demand for bushings, driven by robust industry trends, and maintains a competitive edge by creating entry barriers for new players. As of November 30, 2024, the company has a skilled workforce of 157 full-time employees.
Yash Highvoltage Limited is also on the approved vendor list of several government enterprises and large private companies in the power sector, further solidifying its reputation as a trusted manufacturer and service provider in the transformer bushing industry.
Yash Highvoltage IPO Details
| Details | Information |
|---|---|
| IPO Date | December 12, 2024, to December 16, 2024 |
| Listing Date | December 19, 2024 |
| Face Value | ₹5 per share |
| Price Band | ₹138 to ₹146 per share |
| Lot Size | 1,000 Shares |
| Minimum Investment (Retail) | ₹146,000 (at upper price band) |
| 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 (aggregating up to ₹16.50 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Pre-Issue Shareholding | 22,146,249 shares |
| Post-Issue Shareholding | 28,551,249 shares |
| Market Maker Portion | 377,000 shares |
| Industry | Transformer Bushing Manufacturing |
| Promoter's Stake Pre-IPO | Majority held by Keyur Shah |
| Promoter's Stake Post-IPO | Reduced due to fresh issue and offer for sale |
Yash HighVoltage IPO Schedule
The table below outlines the key dates for the Yash HighVoltage IPO, providing investors with a clear timeline for the subscription process, allotment, refunds, and listing.
| Event | Date |
|---|---|
| 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 Accounts | 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 and Investment Details
The lot size for the Yash HighVoltage IPO determines the minimum and maximum number of shares an investor can apply for. Retail investors can bid for at least 1 lot (1,000 shares), while High Net Worth Individuals (HNIs) must bid for a minimum of 2 lots (2,000 shares). Below is a detailed table illustrating the investment requirements for retail and HNI investors, along with helpful tips to maximize the benefits of this IPO.
| Investor Type | Application | Lots | Shares | Amount (₹) |
|---|---|---|---|---|
| Retail (Min) | Minimum Bid | 1 | 1,000 | ₹146,000 |
| Retail (Max) | Maximum Bid | 1 | 1,000 | ₹146,000 |
| HNI (Min) | Minimum Bid | 2 | 2,000 | ₹292,000 |
Yash HighVoltage IPO Reservation Details
The Yash HighVoltage IPO has specific reservations for different categories of investors, ensuring equitable distribution among Qualified Institutional Buyers (QIBs), Retail Individual Investors (RIIs), and Non-Institutional Investors (NIIs or HNIs). Understanding the allocation percentages helps investors gauge their chances of allotment in this IPO. Below is a breakdown of the reserved shares for each investor category.
| Investor Category | Shares Offered |
|---|---|
| QIB (Qualified Institutional Buyers) | Not more than 50% of the Net Issue |
| Retail Investors (RIIs) | Not less than 35% of the Net Issue |
| NII (HNI) Investors | Not less than 15% of the Net Issue |
Yash HighVoltage IPO Promoter Holding
The promoter of Yash HighVoltage Limited is Mr. Keyur Girishchandra Shah, who plays a pivotal role in the company’s growth and strategic direction. Prior to the IPO, the promoter held a significant 79.48% stake in the company, showcasing strong ownership and control.
Post-issue, the promoter’s shareholding will undergo a slight dilution, reflecting the equity offered to public investors. This reduction in promoter holding is a common practice in IPOs, aimed at enhancing the company’s public float and encouraging broader market participation.
Yash HighVoltage Financial Performance
The financial performance of Yash HighVoltage Limited over recent years demonstrates steady growth in assets, revenue, and profitability. The company has also strengthened its net worth and reserves, which reflect its robust financial health. Below is a detailed comparison of key financial metrics over the last few years, showcasing the company’s performance trajectory.
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ in lakhs) | 8,084.36 | 7,039.29 | 5,914.59 | 4,315.83 |
| Revenue (₹ in lakhs) | 2,777.84 | 10,912.25 | 9,061.15 | 6,537.90 |
| Profit After Tax (₹ in lakhs) | 312.75 | 1,206.27 | 1,142.22 | 871.23 |
| Net Worth (₹ in lakhs) | 4,526.20 | 4,213.45 | 3,208.21 | 2,450.65 |
| Reserves and Surplus (₹ in lakhs) | 3,787.99 | 3,905.86 | 2,900.62 | 2,143.06 |
| Total Borrowing (₹ in lakhs) | 1,256.97 | 707.64 | 777.60 | 744.49 |
Yash HighVoltage IPO Valuation Metrics – FY2024
Understanding the valuation metrics of Yash HighVoltage IPO is crucial for investors. These metrics provide insights into the company’s profitability, operational efficiency, and financial stability. Below is a summary of the key performance indicators (KPIs) that highlight the company’s financial and operational health, offering investors a comprehensive view for informed decision-making:
| KPI | Values |
|---|---|
| Return on Equity (ROE) | 32.51% |
| Return on Capital Employed (ROCE) | 44.07% |
| EBITDA Margin | 18.58% |
| PAT Margin | 11.12% |
| Debt-to-Equity Ratio | 0.17 |
| Earnings Per Share (EPS) | ₹5.45 (Basic) |
| Price-to-Earnings (P/E) Ratio | 25.32 |
| Return on Net Worth (RoNW) | 32.51% |
| Net Asset Value (NAV) | ₹19.03 |
Peer Group Comparison for Yash HighVoltage IPO
Comparing Yash HighVoltage with its peers provides valuable context for evaluating its performance relative to other established companies in the industry. The table below summarizes key financial indicators like EPS, PE Ratio, RoNW, NAV, and Income for two prominent players in the same sector:
| Company | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) | Income |
|---|---|---|---|---|---|
| Crompton Greaves Power and Industrial Solutions Limited | 9.33 | 78.53 | 47.29% | 19.76 | – Cr. |
| Hitachi Energy India Limited | 38.64 | 309.78 | 13% | 320.86 | – Cr. |
Objects of the Yash HighVoltage IPO
The primary objectives of the Yash HighVoltage IPO are to utilize the funds raised for:
Setting up a new factory to manufacture Resin Impregnated Paper (RIP) and Resin Impregnated Synthetic (RIS) transformer condenser graded bushings. This expansion will enable the company to meet the growing demand for high-quality transformer bushings in the power sector.
General Corporate Purposes – The company plans to allocate a portion of the funds for other corporate needs to strengthen its operations and ensure smooth growth in the future.
Yash HighVoltage IPO Registrar
Bigshare Services Pvt. Ltd.
Office No. 56-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali Caves Road,
Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Company Address
Yash HighVoltage Limited
603, 6th floor, Ozone Complex, Sarabhai Compound,
Dr. Vikram Sarabhai Marg, Subhanpura, Vadodara-390023, Gujarat
Phone: +91-74900 28892
E-mail: cs@yashhv.com
Website: www.yashhv.com
FAQs – Yash HighVoltage IPO
What is the Yash HighVoltage IPO price band?
The price band for the Yash HighVoltage IPO is set at ₹138 to ₹146 per share.
When will the Yash HighVoltage IPO open and close?
The Yash HighVoltage IPO opens for subscription on December 12, 2024, and closes on December 16, 2024.
What is the lot size for the Yash HighVoltage IPO?
The minimum lot size is 1,000 shares, and investors can apply in multiples of 1,000 shares.
What is the total issue size for the Yash HighVoltage IPO?
The total issue size is 7,535,000 shares, aggregating up to ₹110.01 crores.
When is the Yash HighVoltage IPO allotment date?
The allotment of shares is expected to be finalized on December 17, 2024.
When will the shares be listed on the stock exchange?
The shares will be listed on BSE SME on December 19, 2024.
What are the objectives of the Yash HighVoltage IPO?
The primary objectives are to set up a new manufacturing facility for RIP/RIS transformer condenser graded bushings and for general corporate purposes.
How much revenue did Yash HighVoltage report in FY2024?
The company reported ₹108.48 crores in revenue for FY2024, up from ₹90.36 crores in FY2023.
Who is the promoter of Yash HighVoltage Limited?
The promoter of the company is Mr. Keyur Girishchandra Shah.
What is the market maker portion in the Yash HighVoltage IPO?
The market maker portion is 377,000 shares.