New Delhi: Yash Highvoltage IPO, a book built issue of Rs 110.01 crore, has received a huge response from the investors. The SME category IPO received a subscription 11.17 times by December 13, 2024. Out of the total subscription, the public offer fetched 18.18 times subscription in the retail category, 0.2 times in Qualified Institutional Buyer (QIB), while Non-Institutional Investor (NII) portion received 9.43 times subscription.
Yash Highvoltage IPO GMP is going very strong. The latest grey market premium stood at Rs 100 on December 16 morning, investorgain reported. With the price band of Rs 146, Yash Highvoltage shares are expected to be listed at Rs 246 per equity share, which indicates a gain percentage of 68.49 per cent.
Yash Highvoltage IPO opened for subscription on December and will close on 16th December. The initial public offer is a combination of fresh issue of 64.05 lakh shares aggregating to Rs 93.51 crores and offer for sale of 11.30 lakh shares aggregating to Rs 16.50 crores. The price band is set in the range of Rs 138 to Rs 146 per share.
The retail investors are requited to bid for a minimum lot size of 1000 shares, for which one has to make a minimum investment of Rs 1,46,000. HNI category investors are mandated to apply for a minimum lot size of 2 lots, i.e., 2,000 shares.
Book running lead manager of the Yash Highvoltage IPO is Indorient Financial Services Ltd. while Bigshare Services Pvt Ltd is the registrar for the issue.
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Yash Highvoltage IPO closes for subscription on December 16, 2024. The SME category IPO has received a huge subscription. The GMP indicates the shares would list at around 69 per cent premium. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
