Yash Highvoltage IPO sees modest subscription; retail investors show strong interest 

The initial public offering (IPO) of Yash Highvoltage is set to close tomorrow evening, with current subscription data revealing mixed investor response across different categories. As of December 16, 2024, the issue, which opened on December 12, has attracted a total subscription of 0.35 times the total shares offered.

Retail Individual Investors (RIIs) have shown the most enthusiasm, with their category oversubscribed 1.38 times, indicating strong retail investor confidence. Employees have also demonstrated significant interest, with their segment oversubscribed 4.41 times. In contrast, Qualified Institutional Buyers (QIBs) have shown minimal participation, with virtually no subscription.

  • Also read: MobiKwik IPO oversubscribed 119 times, attracts strong investor interest 

The IPO is a book-building issue with a price band of ₹138-146 per share and a total issue size of 53,89,000 shares. Non-Institutional Investors have bid for 0.36 times the shares reserved for their category, with individual investors accounting for a substantial portion of these bids.

The BSE bid details suggest the IPO is currently at 0.17 times subscription across all categories. Potential investors have until tomorrow evening to participate in the public offering, which could see further activity before the closure.

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