Yajur Fibres IPO Fully Subscribed on Day 2 as Retail Demand Strengthens

Yajur Fibres’ initial public offering has been fully subscribed on the second day of bidding, driven by strong participation from retail investors and improving demand across non institutional categories.

Overall Subscription Status​

As of 10:28 am on January 8, the IPO was subscribed 1.03 times, with bids received for 71.49 lakh shares against the issue size of 69.20 lakh shares. The issue has attracted 3,551 applications so far.

Retail Segment Leads the Demand​

The retail investor portion emerged as the key driver of subscription, recording a 1.14 times subscription. Retail investors bid for 51.80 lakh shares against an allocation of 45.58 lakh shares, supported by 3,238 applications.

Non Institutional Investors Show Improvement​

The non institutional investors category was subscribed 0.83 times, with bids for 19.03 lakh shares against 22.97 lakh shares reserved. Within this segment, bids exceeding Rs 10 lakh were subscribed 1.05 times, while bids up to Rs 10 lakh stood at 0.83 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.

Price-wise Bid Trend​

At the price band level, demand remained strongest at the lower end. Bids at Rs 168 accounted for 71.49 lakh shares, while bids at the upper end price of Rs 174 stood at 68.21 lakh shares, indicating steady interest across the band.

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 will close on January 9, with the tentative listing date scheduled for January 14 on the BSE SME platform.

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