The share price of Yash Highvoltage was listed on the BSE SME at ₹277.40, a fantastic 90% premium. The subscription status and premium on the grey market had suggested that the shares would be listed strongly.
After launching with an impressive 90% premium at ₹277.40, the price of Yash Highvoltage’s shares increased to Rs291.25, which was also its upper price range. Because of this, the price of Yash Highvoltage’s shares was stuck in the upper circuit.
Yash Highvoltage’s stock price has risen 99.49% over the issue price, giving investors multi-bagger returns on the day of IPO.
Investors responded favourably to the Yash Highvoltage initial public offering (IPO), which saw bidding begin on December 12, 2024, and conclude on December 16, 2024. The IPO of Yash Highvoltage received 181.82 subscriptions. The retail sector has subscribed for the IPO 151.52 times, the QIB category 123.7 times, and the NII category 330.03 times.
For the Yash Highvoltage IPO, the Grey Market premium, or GMP, was +152. According to statistics from investorgain.com, this had shown that Yash Highvoltage shares were trading at a premium of ₹152 above the issue price. Additionally, it showed that market participants anticipated Yash Highvoltage’s share price to list at ₹298, which was well over 104% higher than the issue price’s upper range.
The price range for the Yash Highvoltage IPO was ₹138 to ₹146 per share. Because an application had to have a minimum lot size of 1000, retail investors needed to invest a minimum of ₹1,46,000.
Established in June 2002, Yash Highvoltage Limited is a firm that specializes in manufacturing and supplying a wide range of transformer bushings.
The company sells condenser bushings composed of Oil-Impregnated Paper (OIP), Resin-Impregnated Paper (RIP), and Resin-Impregnated Synthetic (RIS). OIP wall, oil-to-oil bushings, and high-voltage and high-current bushings are other goods.
