Yash Highvoltage’s shares are set to make their market debut on Thursday. Before they start trading, they are showing a grey market premium (GMP) of Rs 152. This means if you bought shares at the top price of Rs 146, you could make a profit of up to 90% when they list! But remember, grey market prices can change quickly, so they are just a guideline.
The money raised from selling shares will help Yash Highvoltage build a new factory to make special transformer parts and cover other company costs. Their initial public offering (IPO) raised Rs 93 crore and was very popular, with investors oversubscribing by 180 times!
Yash Highvoltage makes a variety of transformer bushings, which are parts that help control electricity. They produce different types, including oil-impregnated and resin-impregnated bushings, and also offer repair and testing services for old equipment. Their factory can produce 7,000 bushings each year!
In the transformer bushing market, the resin-impregnated type is the most popular, making up over 61% of sales globally. This is because more customers prefer this type. For the first half of 2024, Yash Highvoltage reported Rs 27 crore in sales and a profit of Rs 3.12 crore.
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