Yajur Fibres IPO Day 3 Begins Fully Subscribed; Retail Portion Leads Demand

Yajur Fibres’ initial public offering has entered its final day of bidding after achieving full subscription by the end of Day 2, supported largely by strong participation from retail investors.

Overall Subscription Status​

As of 5:00 pm on January 8, the IPO was subscribed 1.17 times, with bids received for 81.20 lakh shares against an issue size of 69.20 lakh shares. The issue attracted a total of 4,102 applications across investor categories.

Retail Investors Drive Subscription​

The retail investor segment emerged as the key contributor to the overall subscription. This category was subscribed 1.32 times, with bids for 60.01 lakh shares against a reserved quota of 45.58 lakh shares, backed by 3,751 applications.

Non Institutional Investors Show Steady Progress​

The non institutional investors category was subscribed 0.89 times, receiving bids for 20.52 lakh shares against 22.97 lakh shares on offer. Within this segment, bids above Rs 10 lakh were subscribed 1.11 times, while bids up to Rs 10 lakh stood at 0.93 times.

QIB Portion Remains Subscribed​

The qualified institutional buyers segment continued to remain subscribed at 1.03 times, with bids for 65,600 shares against an allocation of 64,000 shares.

Final Day in Focus​

With the issue now fully subscribed and the final day of bidding underway, investor attention will be on how subscription levels evolve across categories before the issue closes later today.

Key IPO Details​

The IPO is priced in the range of Rs 168 to Rs 174 per share and comprises a fresh issue of 69.20 lakh equity shares. The issue is scheduled to close today, January 9, with the tentative listing date fixed for January 14 on the BSE SME platform.

The company plans to utilise the IPO proceeds for expanding capacity at its Howrah manufacturing facility, setting up a greenfield linen yarn unit through its subsidiary, and meeting working capital and general corporate requirements.