Yash Highvoltage Ltd IPO
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Yash Highvoltage Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 75.35 L | ₹ 11.3 L | ₹ 25.06 L | ₹ 176.04 L | BSE | ₹ 110.01 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 12 Dec, 24 | 16 Dec, 24 | 1000 | ₹ 1,38,000 | Book Building - SME | 19 Dec, 24 |
Yash Highvoltage Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Electric Equipment |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 49.51x | 3578000 | 177141000 |
| NII | 330.38x | 1074000 | 354833000 |
| Retail | 151.51x | 2506000 | 379695000 |
| Employee | 0x | 0 | 0 |
| Total | 120.99x | 7535000 | 911669000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Yash Highvoltage Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 18.72 | 18.26 | 13.80 |
| EBITDA | 20.95 | 20.29 | 15.18 |
| PAT | 12.06 | 11.42 | 8.71 |
| Total Assets | 39.16 | 40.15 | 28.20 |
| Share Capital | 3.08 | 3.08 | 3.08 |
| Total Borrowings | 9.81 | 9.07 | 8.31 |
| Operating Activities (Net Cash) | 14.29 | 13.45 | 10.09 |
| Investing Activities (Net Cash) | -5.08 | 0.00 | -0.19 |
| Financing Activities (Net Cash) | 9.81 | 9.07 | 8.31 |
| Net Cashflow | 2.64 | 6.01 | 5.49 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Yash Highvoltage Ltd
Our Company was originally incorporated as a private limited company under the Companies Act 1956 in the name and style of Yash Highvoltage Insulators Private Limited pursuant to certificate of incorporation dated June 06, 2002 issued by the Registrar of Companies, Gujarat, Dadra & Nagar Haveli. Pursuant to Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting, held on February 05, 2018, the name of our Company was changed to Yash Highvoltage Private Limited vide a fresh Certificate of Incorporation dated February 13, 2018 issued by the Registrar of Companies, Gujarat, Dadra & Nagar Haveli at Ahmedabad. Subsequently, pursuant to Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting, held on February 19, 2018, our Company was converted into a Public Limited Company and consequently the name of our Company was changed from Yash Highvoltage Private Limited to Yash Highvoltage Limited vide a fresh certificate of incorporation dated March 07, 2018 issued by the Registrar of Companies, Gujarat, Dadra & Nagar Haveli at Ahmedabad, bearing CIN U40109GJ2002PLC040833.
Global transformer bushing market was valued at Rs.26,960 crores, and is expected witness a CAGR of 5.6% during 2024-2034F. The global shift towards the development of new renewable energy projects, large scale implementation of smart grids across several countries, and modernization power distribution network will surge the demand for transformer bushing used as a critical component of transformers during the commissioning of projects. As of CY' 24, RIP is the most prominent form of bushing type, accounting for a share of 61.9% revenue share in the global transformer bushing market. The rising demand for RIP bushings is mainly attributed to higher customer preference to RIP bushings.
The Company is engaged in the manufacturing and distribution of wide range of transformer bushings - Oil Impregnated Paper [OIP] condenser bushing, Resin Impregnated Paper [RIP] / Resin Impregnated Synthetic [RIS] condenser bushing, High Voltage and High Current bushing, OIP Wall bushing and Oil to Oil bushing. The Company also undertakes repairing, retrofitting and replacement services of old bushings. Our manufacturing facility has an annual installed capacity to produce 7,000 bushings bifurcated into 3,700 units of OIP Bushings, 3,000 units of RIP Bushings and 300 units of High Current Bushings. The factory is fully equipped with in-house quality testing facilities.
Peer Comparison:
- Hitachi Energy India Ltd
Yash Highvoltage Ltd IPO Key Points
Strengths
- Unique positioning in the Indian Transformer Bushing Market.
- Strong industry tailwinds will augment demand for bushings product.
- Strong track record of supply and installation creates entry barriers for new players.
- Long standing and deep relationships with distinguished clientele leading to recurring business.
- Advanced infrastructure, manufacturing facility and R&D capabilities.
Risk
- The company intend to utilize a portion of the Net proceeds for setting up the Proposed Manufacturing Facility at Plot 32-A, Suncity Industrial Park, Savli, Vadodara, Gujarat. The company is yet to place orders for some plant, machinery and equipment and apply for requisite government approvals for the Proposed Manufacturing Facility. If the company is unable to commission its Proposed Manufacturing Facility without time and cost overruns or unable to adhere to the schedule of implementation, it may adversely affect its business, results of operations and financial conditions.
- There can be no assurance that the Objects of the Issue will be achieved within the time frame anticipated or at all, or that the deployment of the Net Proceeds in the manner intended by it will result in any increase in the value of your investment. Further, the plan for deployment of the Net Proceeds has not been appraised by any bank or financial institution.
- The company depends on limited suppliers for its raw material requirements. The loss of one or more such suppliers could adversely affect its business, results of operations, financial condition and cash flows.
Strategy
- Indigenous manufacturing of RIP /RIS bushings.
- Expanding our global footprint.
- Focus on retrofit and replacement market.
- Unique positioning in the Indian Transformer Bushing Market.
- Strong industry tailwinds will augment demand for bushings product.
- Strong track record of supply and installation creates entry barriers for new players.
- Long standing and deep relationships with distinguished clientele leading to recurring business.
- Advanced infrastructure, manufacturing facility and R&D capabilities.
How To Apply for Yash Highvoltage Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
