Yajur Fibres' SME IPO has started, but the grey market premium (GMP) is flat at 0%, showing modest excitement from investors.
What’s on Offer?
The company is selling 69.2 lakh shares for about ₹120 crore. The price band is ₹168‑₹174 per share, valuing Yajur Fibres at roughly ₹395 crore before the issue.
- Retail investors need a minimum of two lots (1,600 shares), costing around ₹2.78 lakh.
- High‑net‑worth investors must buy at least three lots, about ₹4.17 lakh.
- About 66% of the issue is set aside for retail investors, while qualified institutional buyers get less than 1%.
About Yajur Fibres
Founded in 1980, Yajur Fibres works with bast fibres such as flax, jute and hemp. It turns long fibres into short, cotton‑like ones that can be blended with cotton or synthetic yarns. Its products go to spinning and weaving mills in India and abroad, and it operates a plant in West Bengal’s jute belt.
Recent Financial Performance
Revenue and profit have improved sharply:
- FY 2025 (ended March): Revenue grew to ₹141.99 crore from ₹84.85 crore a year earlier.
- Profit after tax rose to ₹11.68 crore from ₹4.27 crore.
- For the first eight months of FY 2025: Revenue was ₹69.99 crore and profit after tax ₹7.12 crore.
How the Money Will Be Used
The IPO proceeds will mainly fund:
- Expansion of the existing plant in West Bengal.
- A ₹48 crore investment in a new greenfield unit of its subsidiary Yashodha Linen Yarn in Madhya Pradesh.
- Working‑capital needs.
What to Watch
How investors subscribe over the next two days will show whether they are comfortable with the lack of an immediate listing premium and whether they believe in the company’s long‑term growth plans.
Remember, this is just an overview, not a recommendation. Do your own research and consider your risk appetite before investing.