Yash Highvoltage made a stellar debut on the BSE SME platform on December 19, 2024, listing at ₹277.40 per share, a significant 90% premium over its IPO issue price of ₹146. The IPO, which raised ₹110.01 crore, was subscribed nearly 180 times, reflecting strong investor demand.
IPO Details and Listing Performance
- Issue Price: ₹138-146 per share
- Lot Size: 1,000 shares
- Listing Price: ₹277.40 per share
- Listing Premium: 90%
- Minimum Lot Return on Listing: ₹1,31,000
The robust listing follows a highly oversubscribed IPO and indicates strong market confidence in Yash Highvoltage’s growth potential.
About the IPO
Yash Highvoltage’s public issue consisted of a fresh issue of ₹93.51 crore and an offer for sale of ₹16.50 crore. The IPO price band was set at ₹138-146 per share, with a face value of ₹5 per equity share. The retail quota comprised not less than 35% of the net issue.
Promoter Holdings
- Pre-IPO: 79.48%
- Post-IPO: Updated details awaited
Strong Subscription
The IPO was subscribed nearly 180 times, driven by high demand across retail and institutional investors.
Key IPO Dates
- Allotment Date: December 17, 2024
- Refunds Initiation: December 18, 2024
- Credit to Demat Accounts: December 18, 2024
- Listing Date: December 19, 2024
Grey Market Performance
The Grey Market Premium (GMP) for Yash Highvoltage stood at ₹152 on the listing day, indicating an expected listing price of ₹298. The actual listing price of ₹277.40 delivered a listing gain of 89.73%.
Company Overview
Yash Highvoltage specializes in high-performance electrical equipment, catering to industrial and infrastructure needs. With a robust business model and a strong growth trajectory, the company has captured significant market interest.
