Yash Highvoltage Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹146
Per ShareLot Size
1000 Shares
Minimum Investment
₹1,46,000
Issue Size
₹110.01 Cr
Face Value
₹5
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Yash Highvoltage Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
79.48%
Promoter Holding (Post-Issue)
57.7%
Issue Type
Book Building - SME
ISIN
INE00GK01023
About the Company
The Company is engaged in the manufacturing and distribution of wide range of transformer bushings - Oil Impregnated Paper [OIP] condenser bushing, Resin Impregnated Paper [RIP] / Resin Impregnated Synthetic [RIS] condenser bushing, High Voltage and High Current bushing, OIP Wall bushing and Oil to Oil bushing. The Company also undertakes repairing, retrofitting and replacement services of old bushings. Our manufacturing facility has an annual installed capacity to produce 7,000 bushings bifurcated into 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.
Industry Overview
Global transformer bushing market was valued at Rs.26,960 crores, and is expected witness a CAGR of 5.6% during 2024-2034F. The global shift towards the development of new renewable energy projects, large scale implementation of smart grids across several countries, and modernization power distribution network will surge the demand for transformer bushing used as a critical component of transformers during the commissioning of projects. As of CY' 24, RIP is the most prominent form of bushing type, accounting for a share of 61.9% revenue share in the global transformer bushing market. The rising demand for RIP bushings is mainly attributed to higher customer preference to RIP bushings.
Company History
Our Company was originally incorporated as a private limited company under the Companies Act 1956 in the name and style of "Yash Highvoltage Insulators Private Limited" pursuant to certificate of incorporation dated June 06, 2002 issued by the Registrar of Companies, Gujarat, Dadra & Nagar Haveli. Pursuant to Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting, held on February 05, 2018, the name of our Company was changed to "Yash Highvoltage Private Limited" vide a fresh Certificate of Incorporation dated February 13, 2018 issued by the Registrar of Companies, Gujarat, Dadra & Nagar Haveli at Ahmedabad. Subsequently, pursuant to Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting, held on February 19, 2018, our Company was converted into a Public Limited Company and consequently the name of our Company was changed from "Yash Highvoltage Private Limited" to "Yash Highvoltage Limited" vide a fresh certificate of incorporation dated March 07, 2018 issued by the Registrar of Companies, Gujarat, Dadra & Nagar Haveli at Ahmedabad, bearing CIN U40109GJ2002PLC040833.
Growth Strategy
- Indigenous manufacturing of RIP /RIS bushings.
- Expanding our global footprint.
- Focus on retrofit and replacement market.
Financial Performance
Revenue, profit after tax and total assets across the last 2 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY25 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering of 75,35,000 equity shares of face value of Rs. 5/- each (the "Equity Shares") of Yash Highvoltage Limited ("The Company" or "YHL" or "The Issuer") at price of Rs. 146 per equity share (including a premium of Rs. 141 per equity share) ("Offer Price") for cash, aggregating to Rs. 110.01 crores* (the "Offer") comprising a fresh issue of 64,05,000 equity shares of face value of Rs. 5/- each aggregating to Rs. 93.51 crores* (the "Fresh Issue") and an offer for sale of 11,30,000 equity shares of face value of Rs. 5/- each aggregating to Rs. 16.50 crores* (the "Offer for Sale") by Keyur Girishchandra Shah (referred to as the "Promoter Selling Shareholder") The offer includes 3,77,000 equity shares of face value of Rs. 5/- each, at an offer price of Rs. 146 per equity share for cash, aggregating to Rs. 5.50 crores* was reserved for subscription by the market maker to the offer (the "Market Maker Reservation Portion"). The offer less market maker reservation portion i.e. offer of 71,58,000 equity shares of face value of Rs. 5/- each, at an offer price of Rs. 146 per equity share for cash, aggregating to Rs. 104.51 crores* is herein after referred to as the "Net Offer". The offer and net offer shall constitute 26.39 % and 25.07 % respectively of the post-issue paid-up equity share capital of the company. The face value of equity shares is Rs. 5 each. The offer price is Rs. 146 per equity share which is 29.20 times of the face value. *subject to finalisation of basis of allotment.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Unique positioning in the Indian Transformer Bushing Market.
- Strong industry tailwinds will augment demand for bushings product.
- Strong track record of supply and installation creates entry barriers for new players.
- Long standing and deep relationships with distinguished clientele leading to recurring business.
- Advanced infrastructure, manufacturing facility and R&D capabilities.
- The company intend to utilize a portion of the Net proceeds for setting up the Proposed Manufacturing Facility at Plot 32-A, Suncity Industrial Park, Savli, Vadodara, Gujarat. The company is yet to place orders for some plant, machinery and equipment and apply for requisite government approvals for the Proposed Manufacturing Facility. If the company is unable to commission its Proposed Manufacturing Facility without time and cost overruns or unable to adhere to the schedule of implementation, it may adversely affect its business, results of operations and financial conditions.
- There can be no assurance that the Objects of the Issue will be achieved within the time frame anticipated or at all, or that the deployment of the Net Proceeds in the manner intended by it will result in any increase in the value of your investment. Further, the plan for deployment of the Net Proceeds has not been appraised by any bank or financial institution.
- The company depends on limited suppliers for its raw material requirements. The loss of one or more such suppliers could adversely affect its business, results of operations, financial condition and cash flows.
- Its raw material cost constitutes a significant percentage of the company total expenses. Any increase in the prices of raw materials or a change in its customers preference of raw material suppliers could adversely affect its reputation, business, results from operations, financial conditions and cash flows.
- Its business is dependent on the sale of the company products to certain key customers. The loss of any such customers or a significant reduction in the sales made to such customers, could materially adversely affect its business, results of operations and financial condition.