Yash Highvoltage IPO: Date, Price, GMP & Details

Yash Highvoltage IPO-Complete Overview

Yash Highvoltage IPO under the SME IPO category is a book-built issue of Rs.110.01 crore by Yash Highvoltage Limited, incorporated in June 2002. It is engaged in the manufacture and distribution of a variety of transformer bushings.

The company specializes in Oil-Impregnated Paper (OIP) condenser bushings, Resin-Impregnated Paper (RIP), and Resin-Impregnated Synthetic (RIS) condenser bushings, while also making high-voltage and high-current bushings, OIP wall bushings, and oil-to-oil bushings. The company provides repair, retrofitting, and replacement services for aging bushings.

Located in Vadodara, Gujarat, the company's manufacturing unit has a production capacity of 7000 bushings a year. That is 3700 OIP bushings, 3000 RIP bushings, and 300 high-current bushings, with all requisite quality control setups in-house.

Yash Highvoltage IPO Overview

This Yash Highvoltage IPO date is 12 December 2024, and its ‘initial public offering’ will end on 16 December 2024. 

The Rs.110.01 crore new SME IPO comprises a combination of a fresh issue of 64.05 lac Shares (Rs.93.51 Cr) and an offer for sale (OFS) of 11.3 lac Shares (Rs 16.50 Cr).

This upcoming IPO date is on December 12, 2024. Yash Highvoltage IPO Price is Rs.138 to Rs.146 for each Share. 

The expected IPO listing date is Thursday, 19 December 2024, and listing at BSE and SME.

To open a demat account and apply for the IPO, Click Here 

Company Financial

The company’s revenue grew by 20.43% and PAT increased by 5.61% during FYs ending 31 March 2024 and 31 March 2023.

(Amount in Lac)

 

Cash Flows

The cash flows for various activities are shown below:

(Amount in lac)

 

Product-wise Revenue Breakdown  

(Amount in lac)

 

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Establishing a new facility to produce transformer condenser-graded bushings made of resin-impregnated paper (RIP) and resin-impregnated synthetic (RIS).

• General corporate purposes.

 

Peers of Yash Highvoltage Ltd. 

 

Note:-

The basic EPS of the peers is for the financial year ended on 31 March 2024.

Evaluation

The Yash Highvoltage Limited IPO share price is Rs.138 to Rs.146 for each Share

Evaluation of P/E Ratio

Considering the FY ended 31 Mar 2024 with an EPS of Rs.5.45 from the last year, the resulting P/E ratio is 26.79x.

Considering the weighted EPS of Rs.5.10 for the last three years, the P/E ratio is 28.63x.

Comparative Analysis With Listed Peers

The average P/E Ratio of the industry is 194.2x.

 

In simple words, the P/E ratio of this IPO (26.79x), compared with the industry’s average P/E of 194.2x, has an undervaluation (on a P/E ratio basis only). Hence the price of the Share seems fully priced for the investors when considered based on the average P/E ratio of the industry.

 

IPO's Strengths 

• Special Placement in the Indian Transformer Bushing Industry.

• Strong industry trends will lead to an increase in the demand for bushings.

• Strong supply and installation records make it difficult for new companies to enter the market.

 

IPO’s Weaknesses

• Market Dependence: Generated income through some sectors makes the company vulnerable to market changes.

• Intense Competition: Increased competition for various electrical equipment could affect profitability.

• Uncontrollable Rise in Raw Materials: The increased prices will certainly have a cost and margin impact.

• Regulatory Risks: Changes in government policies and regulations could create challenges.

• Customer Concentration: Significant revenue comes from a limited base of customers and increases the risk of dependency.

 

 

Yash Highvoltage IPO GMP Today

Yash Highvoltage IPO GMP is Rs.50 as of 10 December 2024. With a price of Rs.146 per Share, the expected Yash IPO listing price is Rs.196 when writing this information.

IPO Timetable (Tentative)

The IPO opening date is from December 12 to December 16, 2024, with allotment on December 17, refund initiation on December 18, and listing on December 19, 2024.

 

Yash IPO Details 

The IPO with a Face Value of Rs.5 per share offers a total issue size of 7,535,000 Shares (Rs.110.01 Cr).

Yash Highvoltage IPO Lot Details 

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (1000 Shares) amounting to Rs.1,46,000 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (2000 Shares) amounting to Rs.2,92,000.

 

IPO Reservation (% of Net Issue)

 

Promoters And Management of Yash Highvoltage Ltd.

•  Mr. Keyur Girishchandra Shah.
  
  

 

IPO Lead Managers

• Indorient Financial Services Ltd.
  
  

Dividend Policy

The company has declared a dividend of Rs.10.60 for the financial year ended 31 March 2023.

Conclusion

The Yash Highvoltage IPO provides an opportunity for investors to step in as the highly profitable established player in the area of transformer bushes. The company has strong financials and demand in the industry. It also offers a favorable P/E ratio. Risks such as reliance on the market, competitive pressure, and input cost escalation must also be kept in mind. In substance, this is an attractive bet for an investor eyeing growth in the electrical manufacturing sector. 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

DISCLAIMER: This is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions. 

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