Yash Highvoltage Shares List with 90% Premium, Locked in Upper Circuit

Sandip Raj Gupta

    19/Dec/2024

What's Covered Under the Article

  1. Yash Highvoltage shares list at a stellar 90% premium of ₹277.40, hitting ₹291.25.
  2. IPO subscription oversubscribed 181.82 times, indicating strong demand.
  3. IPO details: ₹110 crore book-built issue with price band of ₹138–₹146 per share.

Yash Highvoltage shares debuted with extraordinary gains, listing at ₹277.40 on the BSE SME exchange, a 90% premium to the upper IPO price band of ₹146. The stock quickly surged to ₹291.25, its upper circuit limit, delivering a total gain of 99.99% to investors on Day 1 itself.


Listing Day Performance

The strong listing and subsequent performance highlight the overwhelming investor confidence in Yash Highvoltage Ltd. The shares were locked in the upper circuit of ₹291.25 within hours of listing, signifying robust demand in the market.


IPO Subscription Details

The impressive debut was anticipated as the Yash Highvoltage IPO had received a stellar response during its subscription period (December 12–16, 2024). The public offering, amounting to ₹110 crore, was oversubscribed 181.82 times, with heavy participation across all investor categories:

  • Retail Investors: Subscribed 151.52 times.
  • Qualified Institutional Buyers (QIB): Subscribed 123.7 times.
  • Non-Institutional Investors (NII): Subscribed 330.03 times.

IPO Details

The IPO, a book-built issue of ₹110 crores, comprised:

  • Fresh Issue: 64.05 lakh shares worth ₹93.51 crores.
  • Offer for Sale (OFS): 11.30 lakh shares totaling ₹16.49 crores.

The price band was set at ₹138–₹146 per share, and the IPO was managed by Indorient Financial Services Limited as the book-running lead manager, with Bigshare Services Private Limited as the registrar and Alacrity Securities Limited as the market maker.

Market Capitalization: At the IPO price of ₹146 per share, Yash Highvoltage's market capitalization was ₹416.84 crores.


Company Overview

Yash Highvoltage Ltd. is a prominent player in the power engineering sector, specializing in high voltage and high current Transformer Bushings for utility and industrial markets. Known for innovation and quality, the company's products are recognized globally for their reliability and performance.


Investment Highlights

  1. Multibagger Returns: With a near 100% gain on the first day, Yash Highvoltage shares have delivered exceptional returns to investors, surpassing market expectations.
  2. Strong Fundamentals: The company's leading position in the power engineering space, coupled with its focus on innovation, makes it a promising investment.
  3. Overwhelming Subscription: The IPO's oversubscription across categories reflects strong demand and investor confidence.

Shareholding and Lot Size

  • Lot Size: 1,000 shares, with a minimum investment of ₹1,46,000 for retail investors.
  • HNI Minimum Investment: 2 lots (2,000 shares), requiring ₹2,92,000.

Market Sentiment and Future Outlook

The stellar listing of Yash Highvoltage is indicative of the positive market sentiment toward SME stocks with strong fundamentals. Investors will closely watch the company's financial performance and growth trajectory, particularly in the power engineering sector, which is poised for long-term growth.


Conclusion

The extraordinary debut of Yash Highvoltage shares on the BSE SME platform underscores its strong fundamentals, robust investor demand, and growth potential. With its shares locked in the upper circuit, the stock is likely to remain a favorite among investors in the coming days.

For investors, Yash Highvoltage's strong debut offers an example of the lucrative opportunities in SME IPOs, driven by high growth potential and robust market interest.
 

The Upcoming IPOs in this week and coming weeks are Ventive HospitalitySenores PharmaceuticalsCarraro IndiaSolar91 CleantechUnimech AerospaceRosmerta DigitalIndo Farm, and Avanse Financial.

The Current active IPO is Transrail LightingMamata MachineryDAM Capital  Sanathan TextilesConcord EnviroNewmalayan Steel, Identical Brain Studios and NACDAC Infrastructure.

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