Yash Highvoltage is set to launch its initial public offering (IPO) from December 12 to December 16, 2024, aiming to raise approximately ₹110.01 crores. The company specializes in manufacturing transformer bushings and has established itself as a key player in the electrical equipment sector. The IPO price band is fixed between ₹138 and ₹146 per share, with a minimum lot size of 1,000 shares. Proceeds from the IPO will be utilized to enhance manufacturing capabilities and support general corporate purposes.
₹131.4
₹146
₹277.4
Expert Opinions
Market sentiment for the Yash Highvoltage IPO is largely positive, driven by the increasing demand for high-voltage electrical equipment in India’s expanding infrastructure. Company strengths include a strong reputation in the transformer bushing market, with over 30,000 units successfully deployed across 60 countries, showcasing its global reach and reliability. However, risks and challenges involve competition from established players and potential fluctuations in raw material prices that could affect profit margins.
The valuation analysis indicates a price band of ₹138 to ₹146 per share, which appears reasonable given the company’s revenue growth of 20.43% from FY23 to FY24. From a long-term investment perspective, Yash Highvoltage is well-positioned to benefit from ongoing investments in power transmission and renewable energy projects, making it an attractive option for investors seeking exposure to this vital sector.
Investor Considerations
Investors considering the Yash Highvoltage IPO should focus on several key aspects. Company performance and fundamentals are promising, with revenues increasing from ₹90.36 crores in FY23 to ₹108.48 crores in FY24, alongside a net profit of ₹12.06 crores, indicating strong operational efficiency. The sector outlook is favorable, driven by rising demand for electrical infrastructure and equipment in India. The IPO valuation is set between ₹138 and ₹146 per share, which appears reasonable given the company’s solid growth metrics and a low debt-to-equity ratio of 0.17.
Growth prospects remain strong as Yash Highvoltage plans to expand its manufacturing capabilities and product offerings. However, risk factors include competition from established players and potential fluctuations in raw material prices that could impact profitability. A long-term investment horizon is advisable, as Yash Highvoltage is well-positioned to capitalize on the ongoing growth in the electrical equipment market, making it an attractive option for investors.
| Date | GMP | Trend |
|---|---|---|
| 18 Dec 2024 11.54 | ₹131.4 | --- |
| 17 Dec 2024 12.13 | ₹131.4 | --- |
| 16 Dec 2024 18.10 | ₹131.4 | Up |
| 15 Dec 2024 13.25 | ₹100 | --- |
| 14 Dec 2024 17.23 | ₹100 | Down |
| 13 Dec 2024 11.31 | ₹110 | Down |
| 12 Dec 2024 12.35 | ₹131.4 | --- |
| 11 Dec 2024 10.59 | ₹131.4 | Up |
| 10 Dec 2024 11.17 | ₹50 | Up |
| 09 Dec 2024 18.57 | ₹00 | --- |
FAQs
The Grey Market Premium showed perfect accuracy in predicting Yash Highvoltage’s listing performance. The GMP of ₹131.40 predicted a premium of 90% over the issue price, and the stock delivered exactly the same gain of 90%. With zero prediction error, the GMP perfectly captured both the direction and magnitude of the listing gains, demonstrating exceptional precision in this case.
Yash Highvoltage IPO Current GMP is ₹131.4.
Yash Highvoltage IPO Expected Returns is 90.00%.
Yash Highvoltage IPO estimated listing price is ₹277.4.