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Yash Highvoltage IPO subscription status: Yash High Voltage IPO received tremendous support from investors. The issue was subscribed 169.17 times by the last day of subscription on 16 December 2024. According to data available on BSE, investors bid for a total of 91.16 crore equity shares through 4.01 lakh applications, while only 53.89 lakh shares were available in the offer.
Category wise subscription details
There was good participation from all categories of investors in the IPO:
- Non-Institutional Investors (NII):
- The bid was 244.54 times more than the allotted quota.
- Retail Investors:
- Subscription 151.51 times more than the reserved portion.
- Qualified Institutional Buyers (QIB):
- Subscribed 123.7 times the allotted share.
These figures show that Yash High Voltage IPO has received immense support from all types of investors.
Gray Market Premium (GMP) of Yash Highvoltage IPO
Huge demand for Yash Highvoltage IPO is being seen in the gray market.
- The gray market premium (GMP) of the IPO is running at Rs 135.
- Accordingly, listing of shares can be up to Rs 281.
- If this happens, investors can get a profit of about 92%.
However, note that gray market premiums fluctuate, so there is risk involved.
Important details of Yash Highvoltage IPO
- Price Band:
- Rs 138-146 per share.
- Issue Size:
- Target to raise total Rs 110 crore.
- Fresh issue:
- 64.05 lakh shares (Rs 93.51 crore).
- Offer for Sale (OFS):
- 11.3 lakh shares (Rs 16.5 crore) by promoter Keyur Girishchandra Shah.
- IPO opening date:
- 12 December 2024.
- Listing Date:
- Investors can start trading on BSE SME from December 19, 2024.
Information about the company
Yash Highvoltage is a company that manufactures transformer bushings. This company plays an important role in the energy and power sector. The main objective of the company is to use the funds raised through IPO to expand its business and strengthen its financial position.
