ENA MSME 2024-12-19 16:48:14 <p><span style="font-size:14px"><strong>New Delhi, Dec 19 (KNN)</strong> Transformer bushings manufacturer Yash Highvoltage marked a stellar debut on the BSE SME platform today, with shares opening at Rs 277.40, commanding a premium of 90 percent over its issue price. </span></p> <p><span style="font-size:14px">The company's initial public offering (IPO), which garnered nearly 170 times subscription, raised Rs 110 crore through a combination of fresh shares and promoter stake sale.</span></p> <p><span style="font-size:14px">The Gujarat-based company's public issue was offered in a price band of Rs 138-146 per share, with a minimum lot size of 1,000 shares. </span></p> <p><span style="font-size:14px">The IPO comprised a fresh issue of 64.05 lakh shares amounting to Rs 93.51 crore, alongside an offer-for-sale of 11.3 lakh shares worth Rs 16.5 crore by promoter Keyur Girishchandra Shah.</span></p> <p><span style="font-size:14px">Yash Highvoltage plans to utilise the fresh issue proceeds primarily for establishing a new manufacturing facility dedicated to producing resin impregnated paper (RIP) and resin impregnated synthetic (RIS) transformer condenser graded bushings. The remaining funds will be allocated toward general corporate purposes.</span></p> <p><span style="font-size:14px">The company specialises in manufacturing a comprehensive range of transformer bushings, which serve as critical components in power transmission infrastructure. </span></p> <p><span style="font-size:14px">Their product portfolio includes oil impregnated paper condenser bushings, resin impregnated paper and synthetic condenser bushings, high voltage and high current bushings, OIP wall bushings, and oil to oil bushings.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 40322 https://knnindia.co.in/news/newsdetails/msme/yash-highvoltage-makes-strong-market-debut-with-90-pc-premium-on-bse-sme 2024-12-19 16:48:14 knnindia.co.in