Yash Highvoltage Limited is coming up with an IPO consisting of a fresh issue of 64,05,000 shares worth INR 93.51 crores and an offer to sell 11,30,000 existing shares worth INR 16.50 crores. The company aims to establish a RIP/RIS bushing factory and meet general corporate objectives.
Yash Highvoltage IPO – Important Dates
| Yash Highvoltage Limited IPO Date | December 12, 2024 to December 16, 2024 |
| Yash Highvoltage Limited IPO Listing Date | December 19, 2024 |
| Yash Highvoltage Limited IPO Price | INR 138-146 per share |
| Yash Highvoltage Limited IPO Lot Size | 1000 Shares |
| Yash Highvoltage Limited IPO Total Issue Size | INR 110.01 crores |
| Yash Highvoltage Limited IPO Basis of Allotment | December 17, 2024 |
| Yash Highvoltage Limited IPO Initiation of Refunds | December 18, 2024 |
| Yash Highvoltage Limited IPO Credit of Shares to Demat | December 18, 2024 |
| Yash Highvoltage Limited IPO Issue Type | Book Built Issue IPO |
| Yash Highvoltage Limited IPO Listing At | BSE SME |
Yash Highvoltage Limited IPO – Company Profile
Yash Highvoltage Limited manufactures and distributes transformer bushings, offers repair services, and provides technical testing. Established in 2002, it operates a Gujarat-based facility with a 7,000-unit capacity and serves government and private power enterprises.
As a leading manufacturer, the company produces advanced transformer bushings that ensure insulation, stability, and thermal management. Their products meet stringent standards, incorporate monitoring systems, and play a critical role in reliable power transmission.
By producing advanced transformer bushings, Yash Highvoltage Limited is vital in enabling efficient power transmission and supporting step-up and step-down transformers for reduced energy loss, reliable voltage control, and safe electricity distribution to end-users.
Yash Highvoltage Ltd IPO Fundamental Analysis
Yash Highvoltage Limited’s financial analysis reveals a mixed performance. Revenue has grown steadily, reflecting business expansion, while declining profitability, EPS, and RoNW indicate financial challenges despite increased assets and reduced debt reliance.
- Revenue Trend: The revenue increased from ₹6,505.71 millions in March 2022 to ₹9,036.21 millions in March 2023. The revenue for the current year’s 3-month period ending June 2024 is INR 2,762.88 million.
- Equity and Liabilities: Both equities and liabilities have shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has decreased, indicating reduced reliance on debt financing.
- Profitability: The profit after tax (PAT) has significantly decreased from ₹871.23 million in March 2022 to ₹312.75 million by June 2024. This decline in profitability could be a source of concern among investors.
- Earnings per Share (EPS): The diluted EPS has reduced from ₹3.93 in March 2022 to ₹1.41 by June 2024, reflecting lower earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has decreased from 42.02% to 7.16%, indicating a decrease in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth.
Yash Highvoltage IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 30 June 2024 |
| Revenue (₹ in millions) | 6,505.71 | 9,036.21 | 2,762.88 |
| Equity (₹ in millions) | 2,450.65 | 3,208.21 | 4,526.20 |
| Expenses (₹ in millions) | 5,296.22 | 7,437.73 | 2,347.01 |
| Profit and Loss After Tax (₹ in millions) | 871.23 | 1,142.22 | 312.75 |
| Diluted EPS only (₹) | 3.93 | 5.16 | 1.41 |
| Return on Net Worth (%) | 42.02 | 40.37 | 7.16 |
| NAV per Equity Share (₹) | 11.07 | 14.49 | 20.44 |
| Total Assets (in millions) | 4,315.83 | 5,914.59 | 8,084.36 |
| Total Liabilities (in millions) | 1,865.18 | 2,706.38 | 3,558.16 |
| Debt-Equity Ratio (in times) | 0.30 | 0.24 | 0.28 |
Yash Highvoltage Limited IPO Peer Comparison
Yash Highvoltage Limited demonstrates strong growth potential with competitive profitability metrics. Compared to Crompton Greaves and Hitachi Energy India, Yash maintains a favourable return profile, highlighting its niche focus in the transformer bushing manufacturing sector.
| Company | Current Market Price (₹) | Face Value per Equity Share (₹) | P/E Ratio | EPS (Basic) (₹) | RoNW (%) | Net Asset Value per share (₹) |
| Yash Highvoltage Limited | NA | 5 | – | 5.45 | 32.51% | 19.03 |
| Crompton Greaves Power and Industrial Solutions Limited | 732.70 | 2 | 78.53 | 9.33 | 47.29% | 19.76 |
| Hitachi Energy India Limited | 11,970 | 2 | 309.78 | 38.64 | 13% | 320.86 |
Yash Highvoltage Ltd IPO Objective
The main objective of Yash Highvoltage Limited is to establish a new factory to manufacture RIP and RIS transformer condenser-graded bushings, thereby enhancing production capacity and expanding its product offerings in the market.
- Setting up a new factory to manufacture RIP/RIS transformer condenser-graded bushings: The company intends to utilize INR 83.17 crores to set up a new factory in Vadodara, Gujarat, to manufacture RIP/RIS transformer condenser-graded bushings, capitalizing on the transition to more advanced insulation technologies.
- General Corporate Purposes: The company will deploy funds for general corporate purposes, including short-term working capital, setting up the new factory, salaries, marketing, taxes, servicing borrowings, repairs, and other business-related expenses and necessities.
Yash Highvoltage IPO Risks And Challenges
Yash Highvoltage Limited’s risks include potential delays in its manufacturing facility, reliance on a few suppliers, and rising raw material costs, which could disrupt operations, increase expenses, and adversely affect financial performance and reputation.
- The proposed manufacturing facility by Yash Highvoltage Limited in Vadodara aims to produce RIP transformer bushings. Delays in supplier delivery, regulatory approvals, and cost overruns could affect expansion, operations, and financial outcomes.
- Their reliance on a limited number of suppliers for raw materials exposes them to risks, including potential supply disruptions, price increases, or financial instability of suppliers, which could negatively impact their business and operations.
- Raw material costs are a significant portion of their expenses. Any increase in raw material prices or changes in supplier-customer preferences could negatively impact their reputation, business, operations, financial conditions, and cash flows.
Yash Highvoltage Ltd IPO – Industry & Market Potential
The global power transformer market, valued at INR 6,233.5 hundred crores in 2024, is projected to grow at a 5.1% CAGR until 2034, driven by rising electricity demand, infrastructure upgrades, and renewable energy integration.
India’s power sector, with 441.97 GW installed capacity in FY’24, targets 1,734.4 BU electricity generation, driven by coal, oil, gas, hydro, nuclear, and renewable sources. Renewable energy’s growing share reflects India’s sustainable energy commitment.
The global transformer bushing market, valued at INR 26,960 crores, is expected to grow at a 5.6% CAGR from 2024 to 2034, driven by renewable energy projects, smart grids, and power distribution network modernization.
Yash Highvoltage Limited IPO – Type of Offer
Yash Highvoltage Limited plans a fresh issue of 64,05,000 shares worth INR 93.51 crores to establish a RIP/RIS bushing factory and meet general corporate objectives. Additionally, the company proposes an offer to sell 11,30,000 existing shares worth INR 16.50 crores.
- Fresh Issue: The company will issue 64,05,000 new shares to raise capital, aiming to collect INR 93.51 crores. The company intends to utilize the proceeds from the fresh issue to establish a RIP/RIS bushing factory and meet general corporate objectives.
- Offer for sale: Yash Highvoltage Limited is offering to sell 11,30,000 existing shares worth INR 16.50 crores. The following are the details of the existing shareholder, who is also the promoter selling the shares:
| Name of the promoter selling shareholder | No. of shares offered |
| Mr. Keyur Girishchandra Shah | 11,30,000 |
Yash Highvoltage IPO Offer Size
The offer size of Yash Highvoltage Limited is INR 110.01 crores, consisting of a fresh issue of 64,05,000 shares worth INR 93.51 crores and an offer to sell 11,30,000 existing shares worth INR 16.50 crores. The company aims to establish a RIP/RIS bushing factory and meet general corporate objectives.
Yash Highvoltage Limited IPO Allotment Structure
Yash Highvoltage Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations. 377,000 shares are reserved for market makers.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
● Market Maker Reservation: A portion of shares, i.e. 377,000 shares, are reserved for market makers.
How to apply for Yash Highvoltage IPO?
To apply for the Yash Highvoltage Limited IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Yash Highvoltage Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Yash Highvoltage Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Yash Highvoltage IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Yash Highvoltage Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Yash Highvoltage Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Yash Highvoltage Limited IPO:
● Registrar’s Website: Visit the website of Bigshare Services Private Limited, the registrar of the Yash Highvoltage Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● BSE SME: You can also check the allotment status on the official websites of the Bombay Stock Exchange (BSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Yash Highvoltage Ltd IPO Offer Registrar
The registrar for the Yash Highvoltage Limited IPO is Bigshare Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Pinnacle Business Park,
Mahakali Caves Road, next to Ahura Centre,
Andheri East, Mumbai- 400093,
Maharashtra, India
Tel No.: +91 – 22 – 6263 8200
E-mail: [email protected]
Website: www.bigshareonline.com
Yash Highvoltage IPO – FAQs
1. What is the allotment date of the Yash Highvoltage IPO?
The allotment date of the Yash Highvoltage is December 17, 2024.
2. What is the price band of the Yash Highvoltage IPO?
The price band of the issue is INR 138-146 per share.
3. What is the size of the Yash Highvoltage IPO?
The offer size of Yash Highvoltage Limited is INR 110.01 crores, consisting of a fresh issue of 64,05,000 shares worth INR 93.51 crores and an offer to sell 11,30,000 existing shares worth INR 16.50 crores. The company aims to establish a RIP/RIS bushing factory and meet general corporate objectives.
4. What is the listing date of the Yash Highvoltage IPO?
The listing date of the Yash Highvoltage is December 19, 2024.
5. Where is the Yash Highvoltage IPO Getting Listed?
Yash Highvoltage is getting listed on the Bombay Stock Exchange (BSE) and the Small Medium Exchange (SME).
6. What are the open and close dates of the Yash Highvoltage Limited IPO?
The open and close dates of the Yash Highvoltage Limited are December 12, 2024 and December 16, 2024, respectively.
7. How to apply for Yash Highvoltage Ltd IPO in Alice Blue?
To apply for the Yash Highvoltage Limited IPO through Alice Blue, open a Demat and trading account, check the IPO details, place a bid, submit the application, and check the allotment status. Allotment depends on demand and is not guaranteed.
8. Who is the Book Runner for the Yash Highvoltage IPO?
The Book Runner for the Yash Highvoltage is INDORIENT FINANCIAL SERVICES LIMITED.
