Yash Highvoltage Ltd. IPO: Key Details and Subscription Status
Yash Highvoltage IPO:-Yash Highvoltage Ltd., a leading manufacturer of transformer bushings, launched its Initial Public Offering (IPO) on December 12, 2024, and it will remain open for bidding until Monday, December 16, 2024. The IPO has garnered significant interest, being subscribed 11.17 times as of Friday, after being fully subscribed on the very first day.
IPO Highlights
- IPO Size:
- Total worth: ₹110.01 crore
- Fresh Issue: 64.05 lakh shares, aggregating to ₹93.51 crore
- Offer for Sale (OFS): Remaining portion of shares.
- Price Band:
- The price band for the issue has been set at ₹171 to ₹180 per share.
- Minimum Investment:
- Retail investors need to apply for a minimum of 800 shares, amounting to approximately ₹1,44,000 at the upper price band.
- Market Listing:
- The shares will be listed on the NSE SME platform, focusing on smaller and medium enterprises.
Subscription Details
- As of Friday: The IPO has been subscribed 11.17 times across all investor categories.
- Retail Category: Overwhelming response due to strong investor interest.
- Qualified Institutional Buyers (QIBs): Showed robust participation.
Company Overview
- Core Business: Yash Highvoltage Ltd. specializes in manufacturing transformer bushings, which are critical components in electrical infrastructure.
- Market Presence: The company has a strong domestic and international footprint, catering to major power and energy companies.
Use of Funds
The proceeds from the IPO will be used for:
- Expanding manufacturing capacity to meet rising demand.
- Working capital requirements to support business growth.
- General corporate purposes.
Investor Outlook
The robust subscription levels and positive market sentiment indicate strong investor confidence in Yash Highvoltage Ltd.’s growth potential. Given its niche in the transformer bushings market and strategic plans, the IPO is seen as a promising opportunity.
Important Dates
- IPO Open Date: December 12, 2024
- IPO Close Date: December 16, 2024
- Allotment Date: Expected around December 21, 2024
- Listing Date: Likely by December 26, 2024
For investors looking to diversify into the electrical components sector, Yash Highvoltage Ltd.’s IPO offers an attractive entry point into a growing industry.
Tausif Khan द्वारा, BH24News.com पर, आपको Yash Highvoltage Ltd. के IPO से जुड़ी हर महत्वपूर्ण जानकारी दी गई।
