Yajur Fibres has opened its Rs 120.41 crore initial public offering for public subscription today, January 7, on the BSE SME platform. The issue will remain open until January 9.
IPO Price Band and Issue Structure
The company has set a price band of Rs 168 to Rs 174 per equity share. The IPO comprises a fresh issue of 69.20 lakh equity shares with a face value of Rs 10 each. At the upper end of the price band, the issue size stands at Rs 120.41 crore.Use of Proceeds
The proceeds from the fresh issue will be used to expand manufacturing capacity at the company’s existing facility in Jagannathpur, Howrah district. Funds will also be deployed towards setting up a greenfield linen yarn manufacturing unit through its subsidiary.In addition, part of the proceeds will support working capital requirements and general corporate purposes.
Financial Snapshot
For FY25, Yajur Fibres reported revenue of Rs 140.81 crore and a profit after tax of Rs 11.67 crore, highlighting steady business performance ahead of the public issue.Listing Details
The company’s equity shares are proposed to be listed on the BSE SME platform, with the tentative listing date scheduled for January 14. Horizon Management Pvt Ltd is the sole book running lead manager to the issue.Yajur Fibres is part of the Kankaria Group and is engaged in the manufacture of premium cottonised bast fibres for the textile industry.
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