Yajur Fibres’ initial public offering has entered Day 2 of bidding on the BSE SME platform after seeing steady participation on the opening day of the issue.
Overall Subscription Status
As of 5:00 pm on January 7, the IPO was subscribed 0.88 times, with bids received for 60.61 lakh shares against the total issue size of 69.20 lakh shares. The issue attracted 3,156 applications across investor categories.Category-wise Subscription Details
The Qualified Institutional Buyers portion was subscribed 1.03 times, with bids for 65,600 shares against an allocation of 64,000 shares.The Non-Institutional Investors category was subscribed 0.60 times, receiving bids for 13.88 lakh shares against 22.97 lakh shares reserved. Within this segment, bids exceeding Rs 10 lakh were subscribed 0.71 times, while bids up to Rs 10 lakh saw a subscription of 0.72 times.
The retail investor segment was marginally oversubscribed at 1.01 times, with bids for 46.08 lakh shares against an allocation of 45.58 lakh shares, backed by 2,880 applications.
Price-wise Bid Data
Demand was strongest at the lower end of the price band. Bids at Rs 168 accounted for 60.61 lakh shares. This was followed by bids of 57.46 lakh shares at Rs 170 and 57.44 lakh shares at Rs 172. At the upper end of the band, bids stood at 57.38 lakh shares at Rs 174.Key IPO Details
The IPO is priced in the range of Rs 168 to Rs 174 per share and consists entirely of a fresh issue of 69.20 lakh equity shares. The issue is scheduled to close on January 9, with the tentative listing date fixed for January 14 on the BSE SME platform.Yajur Fibres plans to use the proceeds to expand capacity at its Howrah manufacturing facility, establish a greenfield linen yarn unit through its subsidiary, and meet working capital and general corporate requirements.
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