Yash Highvoltage IPO Sees 10.46x Subscription on Day 2 with Healthy Retail and NII Demand

The IPO of Yash Highvoltage has garnered significant interest, with a 10.46 times subscription on the second day of its bidding process. The demand has been particularly strong from both retail investors and non-institutional investors (NII), reflecting confidence in the company’s growth prospects.

As of the second day, the IPO, which is open for subscription from December 12 to December 14, has witnessed a substantial surge in applications, particularly in the retail investor segment. The non-institutional investor category has also seen a strong response, contributing to the overall high demand for the offering.

The public offering includes both fresh issuance of shares and an offer for sale by existing shareholders. Analysts attribute the healthy demand to the company’s promising market position in the high-voltage electrical equipment sector, as well as its strong financial performance.

The robust subscription levels have been seen as a positive signal for the stock's debut on the exchanges. The company is expected to raise significant capital, which will be used to expand its operations and meet its growth objectives.

With two days left in the subscription period, market observers are anticipating further increases in subscription numbers as the IPO draws to a close.