IPOs Today, 12th December 2024 - Subscription Status, Company Financials, Strength & Weaknesses

12 December 2024
10 min read
IPOs Today, 12th December 2024 - Subscription Status, Company Financials, Strength & Weaknesses
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In IPOs today, we briefly discuss the IPOs in the SME board that are live today, 12th December. 

Yash HighVoltage IPO

Company Overview

Incorporated in June 2002, Yash Highvoltage Limited specializes in 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.

Yash High Voltage IPO Details

  • Issue Size: ₹110.01 crores (₹93.51 crores via fresh issue and the rest through an offer for sale).
  • Price Band: ₹138-146 per share.
  • Face Value: ₹5 per equity share.
  • Market Lot: 1,000 shares (minimum investment: ₹146,000 at the upper price band).
  • Listing Platform: BSE SME.
  • IPO opens today (12th December) and closes on 16th December
  • Allotment Date: December 17, 2024.
  • Refund Initiation: December 18, 2024.
  • Listing Date: December 19, 2024.

Use of Proceeds

The Net Proceeds of the Fresh Issue are to be utilized for the following:

  • Capacity Expansion: Setting up a new factory to manufacture Resin Impregnated Paper (RIP) / Resin Impregnated Synthetic (RIS) transformer condenser-graded bushings
  • General Corporate Purposes

Strengths

  1. Specialized Niche: Yash HighVoltage focuses on the transformer bushing segment, including advanced products like Resin-Impregnated Paper (RIP) and Oil-Impregnated Paper (OIP) bushings. These are critical components in power transmission infrastructure, ensuring steady demand from utilities and industries.
  2. Technological Edge: Its focus on manufacturing high-quality bushings with modern technologies, such as RIS and RIP, positions it as a competitive player in a segment where quality and reliability are crucial​

Weaknesses

  1. Dependence on a Narrow Product Range: While the company has a robust position in transformer bushings, its product portfolio is limited. Heavy reliance on a single product line exposes it to risks from market saturation or technological disruption
  2. Market Concentration: Yash HighVoltage primarily serves the Indian market. Limited diversification in geographical markets could hinder growth in case of domestic economic downturns or policy changes affecting infrastructure investments​

Yash HighVoltage Financials

Yash Highvoltage Limited's revenue increased by 20.43, and profit after tax (PAT) rose by 5.61% between the financial year ending with March 31, 2024 and March 31, 2023.

As you can see, In FY23, Yash Highvoltage Limited achieved a revenue of 90.61 crore and a profit after tax of 11.4 crore. In FY24, the company continued its growth trajectory, recording a revenue of 109.12 crore & PAT of 12.06 crore. 

This represents a year-on-year (YoY) revenue growth of approximately 20.41%, while the PAT increased by 5.61%. The significant revenue growth underscores the company’s operational efficiency and market expansion. 

Period Ended

30 June 2024

31 Mar 2024

31 Mar 2023

31 Mar 2022

Revenue (Cr)

2,777.84

10,912.25

9,061.15

6,537.90

PAT (Cr)

312.75

1,206.27

1,142.22

871.23

Borrowings (Cr

1,256.97

707.64

777.60

744.49

Key Performance Indicators

KPI

Values

ROE

32.51%

ROCE

44.07%

Debt/Equity

0.17

PAT Margin (%)

11.12

Subscription Status: Yash HighVoltage Ltd IPO subscribed 0.62 times. The public issue subscribed 0.99 times in the retail category, 0.00 times in QIB, and 0.58 times in the NII category by December 12, 2024 2:13:16 PM.

Jungle Camps India IPO

Company Overview:

 Incorporated in 2002, Jungle Camps India operates wildlife camps and hotels, motels, inns, guest houses, holiday homes, health clubs, catering houses, and restaurants in India. The company is a conservation-focused hospitality group that operates four award-winning boutique resorts in prime wildlife and tiger reserve national parks across central India. In addition to these resorts, the group manages a highway retreat and a restaurant and offers a variety of customized travel experiences. The company owns and operates 87 rooms, including villas, cottages, deluxe rooms, and safari tents. Its amenities include banquet halls, meeting rooms, restaurants, bars, cafes, swimming pools, and spa facilities.

Jungle Camps India IPO Details

Price Band: ₹68 to ₹72 per equity share.

Issue Size: Fresh issue of 40.86 lakh shares aggregating to ₹29.42 crores. There is no Offer for Sale (OFS).

Lot Size: Minimum application is 1 lot of 1,600 shares, amounting to ₹115,200.

Reservation: Retail investors have 35% allocation, Non-Institutional Investors (NII) 15%, and Qualified Institutional Buyers (QIB) 50%.

Listing Exchange: BSE SME platform.

Timeline:

  • Allotment: December 13, 2024
  • Refund Initiation: December 16, 2024
  • Demat Transfer: December 16, 2024
  • Listing Date: December 17, 2024

Jungle Camps India IPO Subscription Status: 

Jungle Camps India IPO subscribed 246.32 times. The public issue subscribed 355.34 times in the retail category, 40.01 times in QIB, and 267.48 times in the NII category by December 12, 2024, 2:13:09 PM.

Toss The Coin IPO

Company Overview:

 Incorporated in 2020, Toss the Coin Limited is a marketing consulting company that provides custom-made marketing services to clients. The Company offers marketing consulting services for B2B Tech Companies. They have experience working with multiple technology organizations, big and small, to craft their GTM strategies from branding, content development, designs, websites, social media campaigns, customer success management, and design thinking-based problem-solving workshops to consulting.

Toss the Coin IPO Details:

  • Subscription Dates: December 10, 2024, to December 12, 2024.
  • Issue Price: ₹172 to ₹182 per equity share.
  • Lot Size: 600 shares, costing approximately ₹109,200 at the higher end.
  • Listing Exchange: BSE SME.
  • Allotment Date: December 13, 2024.
  • Listing Date: December 17, 2024.

Toss the Coin IPO Subscription Status: 

Toss The Coin IPO subscribed 606.54 times. The public issue subscribed 979.53 times in the retail category, 41.13 times in QIB, and 485.41 times in the NII category by December 12, 2024, 2:14:08 PM.

Purple United Sales IPO

Company Overview: 

  • Purple United Sales is a fashion brand that started in 2014 and focuses on clothing, shoes, and accessories for kids.  Their main line, "Purple United Kids," caters to children up to 14 years old.  Company offers laboratory-tested products made of high-quality materials in bright colours and designs for every occasion. Their range includes clothes for infants, toddlers, and older kids, along with items like strollers and other accessories.
  • The company operates mostly in India, with 17 exclusive stores in 10 cities across 5 states. They also sell through 20 shop-in-shop outlets in big retail chains and online platforms like Myntra, Amazon, Flipkart, and FirstCry. Their products are also available on their own website and app. Additionally, they collaborated with 44 retailers across the country.

Purple United Sales IPO Details:

  • Issue Type: Fresh issue of 2,604,000 equity shares worth ₹32.81 crore.
  • Price Band: ₹121–₹126 per share.
  • Lot Size: 1,000 shares, with a minimum investment of ₹126,000.
  • Listing: Scheduled on the NSE SME platform on December 18, 2024.
  • Use of Funds:
    • Opening new stores.
    • Working capital requirements.
    • General corporate purposes.

Timeline:

  • Bidding Opens: December 11, 2024.
  • Bidding Closes: December 13, 2024.
  • Allotment Finalization: December 16, 2024.
  • Refunds Initiated: December 17, 2024.
  • Demat Transfers: December 17, 2024.

Purple United Sales IPO Subscription Status: 

Purple United Sales IPO subscribed 12.96 times. The public issue subscribed 20.58 times in the retail category, 3.51 times in QIB, and 7.80 times in the NII category by December 12, 2024, 2:16:00 PM.

Supreme Facility Service Management IPO

Company Overview: 

  • Incorporated in 2005, Supreme Facility Service Management Limited offers integrated facility management services, such as housekeeping and cleaning, disinfecting and sanitizing, staffing, and corporate food solution services to other businesses.
  • Its business is divided into 2 segments: Integrated Facilities Management and Support Services.
  • Their Portfolio of Integrated Facilities Management services:
    • Soft Services: These include housekeeping and cleaning, disinfecting and sanitizing, pest control, gardening, and exterior building cleaning.
    • Hard Services: These are services related to electrical, plumbing, and maintenance, as well as managing power equipment like generators and UPS systems.
    • Staffing Service: This involves providing manpower or staffing based on the client's needs for various support services.

Supreme Facility Service Management IPO Details:

  • Price Band: ₹72 to ₹76 per equity share
  • Lot Size: 1600 shares (minimum investment of ₹121,600)
  • Total Issue Size: 6,579,200 shares, aggregating up to ₹50 crore
  • Listing Platform: NSE SME
  • Registrar: KFin Technologies Limited
  • Lead Manager: Khandwala Securities Limited
  • Key Dates:
    • Allotment Date: December 16, 2024
    • Listing Date: December 18, 2024

Supreme Facility Service Management IPO Subscription Status: 

Supreme Facility Management IPO subscribed 3.01 times. The public issue subscribed 5.50 times in the retail category, 1.06 times in QIB, and 0.95 times in the NII category by December 12, 2024 2:18:01 PM.

Disclaimer: Investing in SME IPOs involves a high degree of risk. Such investments may be suitable only for investors with a high-risk tolerance and the ability to bear potential losses. Perform thorough due diligence and consult a financial advisor before investing. Invest wisely and at your own discretion.

Inventurus Knowledge Solutions IPO

Inventurus Knowledge Solutions Ltd., a healthcare support services provider, is launching its Initial Public Offering (IPO) on 12th December 2024. Here are the key details you need to know:

  • IPO Dates: The IPO will be open for subscription from 12th to 16th December 2024. The likely share allotment date is 19th December 2024, with listing on both the BSE and NSE expected on 19th December 2024.
  • Price Band & Size: The price band for the IPO has been set at ₹1265 to ₹1329 per equity share. The IPO aims to raise ₹2,497.92 crore entirely through an Offer For Sale (OFS), meaning the company itself won't receive any funds, with proceeds going directly to selling shareholders.
  • Lot Size: Bidders can apply in lots of 11 company shares.
  • Lead Managers & Registrar: The lead managers for the IPO are ICICI Securities, Jefferies India, JM Financial, JP Morgan India, and Nomura Financial Advisory And Securities (India). Link Intime India Private Limited is the official registrar for the IPO.
  • Business & Financials: Inventurus Knowledge Solutions utilises technology to support healthcare providers in the US, Canada, and Australia, particularly in the US. They help healthcare organisations with backend and administrative tasks, allowing them to focus on core operations. The company witnessed an impressive financial performance in FY24, with revenue increasing by around 75% year-on-year and Profit After Tax (PAT) surging by nearly 21.40%.
  • Key Risks: As with any investment, there are risks associated with the Inventurus Knowledge Solutions IPO. These include:
    • Dependence on the US healthcare market: The company's revenue is primarily generated from healthcare organisations based in the US, making them susceptible to risks associated with this specific sector and geographic location.
    • Reliance on Key Clients: A significant portion of the company's revenue is derived from a limited number of key clients, making it vulnerable to losing any of them.
    • Industry Challenges: Challenges within the US healthcare industry, such as delivering quality care, managing costs, and market consolidation, could negatively impact the company's business and finances.
    • Outstanding Litigation: The company currently has outstanding litigation, and an unfavourable outcome could have consequences for its business, reputation, and operational results.

Overall, the Inventurus Knowledge Solutions IPO presents a potential investment opportunity in the healthcare support services sector. However, potential investors should carefully consider the risks involved and conduct thorough research before making any decisions.

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