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Yash Highvoltage IPO
Price Band
₹138.0–146.0
Issue Size
₹110.01 Cr
Lot Size
1,000 shares
Min Investment
₹146,000
GMP
+₹152.0 (104.11%)
Issue Price
₹146.0
Subject to Sauda
₹115500
Paid only if allotted
Yash Highvoltage IPO AI Summary
- Yash Highvoltage IPO is listed on BSE SME in the Other Electrical Equipment sector.
- Price band: ₹138.0–₹146.0 per share, lot size 1,000 shares (min. investment ₹146,000).
- Subscription window: 12 Dec–16 Dec 2024, listing on 19 Dec 2024.
- Current GMP is +₹152.0 (104.11%), an estimated listing price of ₹298 — unofficial and can change daily.
Yash Highvoltage Limited is set to launch its IPO with a price band of ₹138.0 to ₹146.0. The company specializes in transformer bushings and has a strong market position. With a significant GMP of ₹152.0, indicating a potential listing gain of 104.11%, investors should consider their risk profile before participating.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Yash Highvoltage IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 16 Dec 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Yash Highvoltage IPO Grey Market Premium (GMP) Today
GMP
+₹152.0
GMP %
+104.11%
Est. Listing
₹298.0
Updated: 25 Jul 2026 14:02
About the Company
Incorporated in June 2002, Yash Highvoltage Limited specializes in the manufacturing and distributing a wide range of transformer bushings. The company's product portfolio includes Oil-Impregnated Paper (OIP) condenser bushings, Resin-Impregnated Paper (RIP) and Resin-Impregnated Synthetic (RIS) condenser bushings, high-voltage and high-current bushings, OIP wall bushings, and oil-to-oil bushings. The company also provides repair, retrofitting, and replacement services for old bushings. The company's manufacturing unit is situated in Vadodara, Gujarat, and has an annual production capacity of 7,000 bushings. This capacity is divided into 3,700 units of Oil-Immersed Paper (OIP) Bushings, 3,000 units of Resin-Impregnated Paper (RIP) Bushings, and 300 units of High Current Bushings. The factory is fully equipped with in-house quality testing facilities. As of November 30, 2024, the company has 157 full time employees. Competitive Strength Unique positioning in the Indian Transformer Bushing Market The demand for bushings will increase due to strong industry trends. Strong track record of supply and installation creates entry barriers for new players
Company Financials (₹ Cr)
As of 2024-06-30
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 80.84 | 70.39 | 59.15 | 43.16 |
| Total Income | 27.78 | 109.12 | 90.61 | 65.38 |
| Profit After Tax | 3.13 | 12.06 | 11.42 | 8.71 |
| NET Worth | 45.26 | 42.13 | 32.08 | 24.51 |
| Reserves and Surplus | 37.88 | 39.06 | 29.01 | 21.43 |
| Total Borrowing | 12.57 | 7.08 | 7.78 | 7.44 |
Key Ratios
EPS
₹5.45
NAV
₹136.98
ROE
32.51%
ROCE
44.07%
RoNW
32.51%
P/B Value
1.07
P/E Ratio
26.8
Market Cap
₹416.85 Cr
PAT Margin
11.12%
Debt/Equity
0.17
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic |
|---|---|---|---|---|
| Hitachi Energy India Limited | 320.86 | 13% | 309.78 | 38.64 |
| Crompton Greaves Power and Industrial Solutions Li | 19.76 | 47.29% | 78.53 | 9.33 |
| Yash Highvoltage Limited This IPO | 19.03 | 32.51% | — | 5.45 |
Promoters
Keyur Girishchandra Shah
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Setting up a new factory to manufacture RIP/RIS transformer condenser graded bushings 70.34 2 General Corporate Purposes 14.76
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹65.38 Cr in the year ended 31 Mar 2022, rising to ₹90.61 Cr by 31 Mar 2023, and further increasing to ₹109.12 Cr by 31 Mar 2024. However, the most recent figure of ₹27.78 Cr as of 30 Jun 2024 is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹8.71 Cr in the year ended 31 Mar 2022, increasing to ₹11.42 Cr by 31 Mar 2023, and then to ₹12.06 Cr by 31 Mar 2024. The latest figure of ₹3.13 Cr for the period ending 30 Jun 2024 is also a 9-month figure, not a full year, so isn't directly comparable.
Valuation
Yash Highvoltage Limited has an EPS of ₹5.45, which gives it a P/E ratio of 26.8 at the issue price. In comparison, peers are trading at P/E ratios ranging from 78.53 to 309.78.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO based on unofficial trading before it officially lists on the stock exchange. A positive GMP suggests that the stock may list at a higher price than the issue price.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their financial goals and risk tolerance. Consider the company's growth potential and market position.
Who May Want to Wait
Investors who prefer stable returns and lower risk may want to avoid IPOs like this, which can be subject to market fluctuations and uncertainties.
IPO Timeline, Explained
The IPO will open for subscription on December 12, 2024, and close on December 16, 2024. Allotment of shares will be done on December 17, 2024, with the listing expected on December 19, 2024.
Listing Gains — The Risk
While IPOs can sometimes provide quick listing gains, they also come with risks. Market conditions and investor sentiment can impact the stock's performance on the listing day, and gains are not guaranteed.
This evaluation is generated from Yash Highvoltage's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Yash Highvoltage IPO GMP today?
Yash Highvoltage IPO GMP today is +₹152.0 (104.11%), indicating an estimated listing price of ₹298. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Yash Highvoltage IPO?
The price band of Yash Highvoltage IPO is ₹138.0–₹146.0 per share.
When does Yash Highvoltage IPO open and close?
Yash Highvoltage IPO opens on 12 December 2024 and closes on 16 December 2024.
When does Yash Highvoltage IPO list on the stock exchange?
Yash Highvoltage IPO listed on 19 December 2024 at ₹298.0.
What is the lot size for Yash Highvoltage IPO?
The lot size for Yash Highvoltage IPO is 1000 shares, requiring a minimum investment of ₹146,000.
What is the price band for the Yash Highvoltage IPO?
The price band for the Yash Highvoltage IPO is ₹138.0 to ₹146.0.
What is the minimum investment required?
The minimum investment required is ₹146,000, which corresponds to a lot size of 1,000 shares.
When does the IPO open and close?
The IPO opens on December 12, 2024, and closes on December 16, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO based on unofficial trading.
When is the listing date for the IPO?
The listing date for the Yash Highvoltage IPO is December 19, 2024.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
12 Dec 2024
Close
16 Dec 2024
Allotment
17 Dec 2024
Listing
19 Dec 2024
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