Yash Highvoltage IPO Listing & Share Price Updates: Shares locked in upper circuit after stellar listing

Yash Highvoltage share price live: Shares zoom

Yash Highvoltage stock locked in upper circuit on the BSE at ₹291.25, higher by 5%.

Yash Highvoltage stock live: Outlook 

After debuting on the BSE SME platform at ₹277.40, the shares of Yash Highvoltage are locked in upper circuit at ₹291.25 as at 2.27 pm.

Yash Highvoltage shares continued to trade at ₹291.25 as at 1.15 pm.

Yash Highvoltage shares live: Locked in upper circuit

Yash Highvoltage shares continued to trade at ₹291.25 as at 12.25 pm.

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SME IPO News live: SEBI tightens norms for SME IPOs, investment bankers

The SEBI board on Wednesday tightened norms for SME firms going public and merchant bankers, while broadening the definition of unpublished price sensitive information (UPSI) to include more material events.

SME firms can make a public offering only if the issuers have an operating profit of ₹1 crore from operations for any 2 out of 3 previous financial years at the time of filing of its draft prospectus. Offer for sale (OFS) by selling shareholders in SME IPOs will not exceed 20 per cent of the total issue size and selling shareholders cannot sell more than 50 per cent of their holding.

Lock-in on promoters’ holding held in excess of minimum promoter contribution will be released in a phased manner: lock-in for 50 per cent promoters’ holding in excess of MPC will be released after a year and the rest after two years. The allocation methodology for non-institutional investors in SME IPOs will be aligned with that used for NIIs in mainboard IPOs.

SME issues where objects of the issue consist of repayment of loan from promoter, promoter group or any related party, from the issue proceeds, whether directly or indirectly, will not be permitted. Related party transaction (RPT) norms, as applicable to listed entities on mainboard, to be extended to SME listed entities as well.

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Yash Highvoltage share price live: Shares gain

Yash Highvoltage shares surged 4.99% on the BSE SME platform to trade at ₹291.25 as at 11.29 am.

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Yash Highvoltage share price live: Lists at 90% premium on BSE SME 

Shares of Yash Highvoltage debuted on the BSE SME platform at ₹277.40, a 90% premium over the IPO price of ₹146.

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Rekha Jhunjhunwala-backed healthcare technology company Inventurus Knowledge Solutions debuted on the NSE at ₹1900, a 42% premium over the IPO price of ₹1,329. 

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Yash Highvoltage IPO: Price band was fixed between ₹138-146 per share.

Yash Highvoltage IPO in focus

The IPO closed with 169.17 times subscription.