Yash Highvoltage IPO GMP Today: The Yash Highvoltage IPO, an eagerly anticipated SME IPO, opened for public subscription on Thursday, December 12, and is set to close on Monday, December 16. Specializing in the manufacturing of high-quality transformer bushings, Yash Highvoltage Ltd is targeting a fundraise of ₹110.01 crore through this offering. The company’s shares are slated to list on the BSE SME platform, making it a noteworthy IPO in the SME segment.
Here’s a comprehensive look at Yash Highvoltage IPO GMP today, subscription details, price band, and other key insights.
Yash Highvoltage IPO GMP Today
The grey market premium (GMP) for Yash Highvoltage IPO is showing strong momentum. Market observers report a GMP of ₹110 per share as of today. With the IPO price band set at ₹138 to ₹146 per share, the grey market suggests that shares are trading at around ₹256 per share, reflecting a 75.34% premium over the upper price band.
This robust GMP indicates significant investor interest in the unlisted market and suggests potential for strong listing gains upon IPO debut.
Yash Highvoltage IPO Subscription Status
By Day 2 of bidding (Friday, December 13), the Yash Highvoltage IPO has seen an overwhelming response:
Overall Subscription: 11.17 times
Retail Investor Category: 18.18 times
Non-Institutional Investors (NII): 9.43 times
Qualified Institutional Buyers (QIBs): 20%
The IPO received bids for 5,59,78,000 equity shares against the total offer size of 50,12,000 shares, highlighting strong demand from all investor segments.
Yash Highvoltage IPO Details
Issue Period: December 12 – December 16
IPO Price Band: ₹138 to ₹146 per share
Lot Size: 1,000 shares
IPO Size: ₹110.01 crore (Upper Band)
Fresh Issue: 64.05 lakh shares worth ₹93.51 crore
Offer-for-Sale (OFS): 11.3 lakh shares aggregating to ₹16.50 crore
Listing Platform: BSE SME
Utilization of IPO Proceeds
Yash Highvoltage Ltd plans to use the funds raised from the fresh issue for:
1. Setting up a new manufacturing facility to expand its production capacity.
2. General corporate purposes to support its business growth.
About Yash Highvoltage Ltd
The company is a leading manufacturer of transformer bushings, offering a wide range of products including:
Oil Impregnated Paper (OIP) Condenser Bushings
Resin Impregnated Paper (RIP) Condenser Bushings
Resin Impregnated Synthetic (RIS) Condenser Bushings
Yash Highvoltage’s expertise in this niche makes it a significant player in the transformer manufacturing sector, catering to domestic and international markets.
IPO Timeline
Subscription Close: December 16, 2024
Allotment Date: December 17, 2024
Listing Date: December 19, 2024
IPO Managers
Book Running Lead Manager: Indorient Financial Services Ltd
Registrar: Bigshare Services Pvt Ltd
Investor Insights
With strong demand, robust grey market premium, and a focused use of proceeds, the Yash Highvoltage IPO is attracting attention from both retail and institutional investors. The strong GMP of ₹110 today indicates positive sentiment and the potential for solid listing gains.
For more updates on Yash Highvoltage IPO GMP today and related market news, stay tuned!