January 1, 2026
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Yajur Fibres IPO (SME)
Yajur Fibres Limited is launching a Book-Built SME IPO of Rs. 120.41 crore, entirely a fresh issue of 69,20,000 equity shares.
The IPO opens on January 7, 2026 and closes on January 9, 2026.
The allotment is expected on January 12, 2026, and the tentative listing on January 14, 2026, on BSE SME.
The price band is Rs. 168 to Rs. 174 per share.
The lot size is 800 shares.
As the minimum retail application requires 2 lots (1,600 shares), the minimum retail investment is Rs. 2,78,400 at the upper price.
Lead Manager:
Horizon Management Pvt. Ltd.
- Grade C
✔ Success < 45% AND Avg Listing Gain > 13.84%
Registrar: MAS Services Ltd.
Market Maker: Giriraj Stock Broking Pvt. Ltd.
🕗 Last Update: 1 January 2026, 6.00 AM
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IPO Details
| Particulars | Details |
|---|---|
| IPO Dates | Jan 7, 2026 – Jan 9, 2026 |
| Listing | BSE SME |
| Face Value | Rs. 10 per share |
| Price Band | Rs. 168 to Rs. 174 |
| Lot Size | 800 shares |
| Issue Size | 69,20,000 shares (Rs. 120.41 Cr) |
| Fresh Issue | Entirely Fresh |
| Market Maker Portion | 3,46,400 shares (Rs. 6.00 Cr) |
| Net Offer to Public | 65,73,600 shares (Rs. 114.00 Cr) |
| Pre-Issue Shares | 1,57,62,873 |
| Post-Issue Shares | 2,26,82,873 |
| Market Cap (Pre-IPO) | Rs. 394.68 Cr |
IPO Timeline (Tentative)
| Event | Date |
|---|---|
| IPO Open | Wed, Jan 7, 2026 |
| IPO Close | Fri, Jan 9, 2026 |
| Allotment | Mon, Jan 12, 2026 |
| Refunds | Tue, Jan 13, 2026 |
| Shares in Demat | Tue, Jan 13, 2026 |
| Listing Date | Wed, Jan 14, 2026 |
| UPI Cut-off | 5 PM, Jan 9, 2026 |
Reservation Structure
| Investor Category | Shares |
|---|---|
| Market Maker | 3,46,400 |
| QIB | 65,600 |
| NII (HNI) | 19,52,000 |
| – bNII > Rs. 10L | 13,00,800 |
| – sNII < Rs. 10L | 6,51,200 |
| Retail | 45,56,000 |
| Total | 69,20,000 |
IPO Lot Size
| Category | Lots | Shares | Amount (Rs.) |
|---|---|---|---|
| Retail (Min–Max) | 2 | 1,600 | 2,78,400 |
| S-HNI (Min) | 3 | 2,400 | 4,17,600 |
| S-HNI (Max) | 7 | 5,600 | 9,74,400 |
| B-HNI (Min) | 8 | 6,400 | 11,13,600 |
Company Financials (Rs. in Crore)
| Period | 30-Nov-25 | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| Assets | 161.74 | 140.73 | 77.76 | 82.84 |
| Total Income | 69.99 | 141.99 | 84.85 | 61.84 |
| PAT | 7.12 | 11.68 | 4.27 | 3.55 |
| EBITDA | 12.31 | 18.85 | 8.01 | 6.68 |
| Net Worth | 49.44 | 42.32 | 30.67 | 26.41 |
| Reserves & Surplus | 40.56 | 33.44 | 32.91 | 28.65 |
| Borrowings | 73.59 | 66.18 | 26.17 | 34.78 |
Growth Snapshot
The company has reported steady growth in revenues and profitability over the last three financial years, supported by expansion in cottonised bast fibre production and strong demand from domestic and export markets. EBITDA margins have improved with scale and product mix, though borrowings remain relatively elevated due to capacity expansion and working capital requirements.
Key Performance Indicators (As of FY25)
| KPI | Value |
|---|---|
| ROE | 26.92% |
| ROCE | 17.14% |
| Debt / Equity | 1.35 |
| RoNW | 27.59% |
| PAT Margin | 8.29% |
| EBITDA Margin | 13.39% |
| Price to Book Value | 8.86 |
| EPS (Pre / Post) | Rs. 7.41 / Rs. 4.71 |
| P/E (Pre / Post) | 23.49x / 36.96x |
About the Company
Incorporated in 1980, Yajur Fibres Limited is engaged in processing and manufacturing bast fibres such as flax, jute and hemp.
The company cottonises long and brittle bast fibres into short, cotton-like fibres that can be blended with cotton and man-made fibres, enabling sustainable textile applications. It has an installed capacity of over 300 MT per month for cottonised fibre, flax yarn and jute yarn.
The manufacturing facility is located at Jagannathpur, Phuleshwar, Uluberia in Howrah district, West Bengal, spanning approximately 19 acres with direct access to the Ganges riverfront. The company supplies to leading spinning and weaving mills in India and overseas.
As on November 30, 2025, the company employed 409 personnel.
Competitive Strengths
• Prominent manufacturer of premium cottonised bast fibres
• Strong R&D-led cottonisation process
• Strategic location in the jute manufacturing hub
• Long-standing relationships with customers
• Cost-efficient production capabilities
• Timely execution and consistent quality standards
Promoters
The promoters of the company are Mr. Ashish Kankaria, Mrs. Shruti A. Kankaria, Ambica Capital Markets Limited and Gold View Financial Services Limited.
Company Contact
Yajur Fibres Limited
Jagannathpur, Phuleshwar
Uluberia, Howrah
West Bengal – 711316
India
IPO Lead Manager(s)
Horizon Management Pvt. Ltd.
- Grade C
✔ Success < 45% AND Avg Listing Gain > 13.84%
IPO Registrar
MAS Services Ltd.
📞 (011) 2610 4142
✉️ ipo@masserv.com
🌐 https://www.masserv.com
Chanakya IPO Review
Yajur Fibres operates in the niche and sustainability-focused bast fibre segment with strong manufacturing capabilities and established customer relationships. While profitability metrics are healthy, investors should closely monitor leverage levels and execution of capacity expansion plans.
Chanakya View
Suitable for investors with medium-to-high risk appetite and a long-term perspective. Listing performance will depend on SME market sentiment, subscription trends and grey market cues closer to listing.
Quicklinks
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Disclaimer
This coverage is for informational and educational purposes. Chanakya Ni Pothi does not deal in Grey Market Premiums or recommend investments based on GMP data. Please consult your SEBI-registered investment advisor.
