Incorporated in June 2002, Yash Highvoltage Limited specializes in the manufacturing and distributing a wide range of transformer bushings.
The company's product portfolio includes Oil-Impregnated Paper (OIP) condenser bushings, Resin-Impregnated Paper (RIP) and Resin-Impregnated Synthetic (RIS) condenser bushings, high-voltage and high-current bushings, OIP wall bushings, and oil-to-oil bushings. The company also provides repair, retrofitting, and replacement services for old bushings.
The company's manufacturing unit is situated in Vadodara, Gujarat, and has an annual production capacity of 7,000 bushings. This capacity is divided into 3,700 units of Oil-Immersed Paper (OIP) Bushings, 3,000 units of Resin-Impregnated Paper (RIP) Bushings, and 300 units of High Current Bushings. The factory is fully equipped with in-house quality testing facilities.
As of November 30, 2024, the company has 157 full time employees.
Competitive Strength
- Unique positioning in the Indian Transformer Bushing Market
- The demand for bushings will increase due to strong industry trends.
- Strong track record of supply and installation creates entry barriers for new players
| Purpose | Amount (₹ Cr) |
|---|---|
| Setting up a new factory to manufacture Resin Impregnated Paper (RIP) / Resin Impregnated Synthetic (RIS) transformer condenser graded bushings | — |
| General Corporate Purposes | — |
| Metric | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Total Assets | 8,084 | 7,039 | 5,915 |
| Revenue | 2,778 | 10,912 | 9,061 |
| PAT | 313 | 1,206 | 1,142 |
| Net Worth | 4,526 | 4,213 | 3,208 |
| Reserves | 3,788 | 3,906 | 2,901 |
| Total Borrowing | 1,257 | 708 | 778 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 3,578,000 (47%) | — |
| NII / HNI | — | 1,074,000 (14%) | — |
| Retail (RII) | — | 2,506,000 (33%) | — |
| Market Maker | — | 377,000 (5%) | — |
| Total | — | 7,535,000 (100%) | — |
* Amount calculated at upper price band (₹146) · ** Total includes all investor categories
- 1 Initiation of Refund 18 Dec 2024
- 2 Credit of Shares to Demat 18 Dec 2024
- Retail allocation is good at 33% of the total offering.
- HNI/NII demand is good at 14%.
- Institutional (QIB) interest is strong at 47%.
- The IPO P/E of 33x reflects a moderate valuation relative to typical market ranges.
- Pre-issue EPS of ₹5 compares to post-issue EPS of ₹4 after dilution.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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