Vadodara-based Yash Highvoltage, a manufacturer of transformer bushings, is all set to finalize its IPO allotment on Tuesday, December 17, 2024. With a strong investor response, the IPO, which was open from December 12-16, is commanding significant attention due to its impressive subscription rates and grey market premium (GMP).
Key IPO Details
- Issue Size: ₹110.01 crore
- Fresh Issue: ₹93.51 crore (64.05 lakh shares)
- Offer for Sale (OFS): ₹16.50 crore (11.30 lakh shares)
- Price Band: ₹138-146 per share
- Lot Size: 1,000 shares
- Subscription:
- Qualified Institutional Buyers (QIB): 123.7 times
- Non-Institutional Investors (NII): 330.03 times
- Retail Investors: 151.52 times
- Overall Subscription: 181.82 times
- Listing Date: Likely on Thursday, December 19, 2024
- Platform: BSE SME
- Lead Manager: Indorient Financial Services
- Registrar: Bigshare Services Private Limited
Business Overview
Incorporated in June 2002, Yash Highvoltage specializes in manufacturing transformer bushings and offers related services like repair, retrofitting, and replacement. Its manufacturing unit, located in Vadodara, Gujarat, boasts an annual production capacity of 7,000 bushings.
The company caters to diverse needs in the power and transformer industry, supported by its established presence and reputation for high-quality products.
Grey Market Premium (GMP) Update
The grey market activity around Yash Highvoltage’s IPO reflects strong demand:
- Current GMP: ₹135 per share
- Expected Listing Gain: Approx. 93%, based on the upper price band of ₹146.
- Earlier GMP: ₹100 per share on the last day of bidding.
This strong GMP performance suggests a significant listing pop for investors who secured allotments.
How to Check Allotment Status
Investors can check their IPO allotment status through the following methods:
1. BSE Website
- Visit BSE IPO Allotment Page.
- Under “Issue Type,” select Equity.
- In the “Issue Name” dropdown, choose Yash Highvoltage Limited.
- Enter your Application Number and PAN ID.
- Complete the captcha and click Submit.
2. Bigshare Services Portal
- Go to Bigshare IPO Status Page.
- Select Yash Highvoltage Limited from the dropdown (visible post allotment finalization).
- Choose one of the following modes:
- Application Number/CAF Number
- Beneficiary ID
- PAN ID
- Enter the corresponding details and captcha.
- Click Search to view your allotment status.
The registrar, Bigshare Services, is responsible for processing applications, managing allotments, and addressing investor queries.
Listing and Next Steps
Shares of Yash Highvoltage are expected to be listed on the BSE SME platform on December 19, 2024. Investors receiving allotments will get confirmation via messages, alerts, or emails by Wednesday, December 18, 2024. Refunds and revocations for unsuccessful bidders will be processed promptly.
Conclusion
With a stellar subscription rate of 181.82 times, Yash Highvoltage’s IPO has garnered significant interest from retail, institutional, and high-net-worth investors. The strong GMP and expected listing gains make this IPO a standout in the SME space. However, investors should closely monitor market conditions and company fundamentals for long-term investment decisions.
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