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Yajur Fibres IPO Review - Issue Date, Price, GMP, Subscription, Allotment, Lot Size, and Details
Yajur Fibres Limited is engaged in the manufacturing of premium cottonised bast fibres, including flax (linen), jute, and hemp. The company earns revenue through a B2B model by supplying cottonised fibres and yarns to spinning and weaving mills. Its products enable blending of bast fibres with cotton and man-made fibres, offering sustainable and cost-efficient textile solutions across apparel, home textiles, and industrial applications.
Yajur Fibres, an Book Built Issue, amounting to ₹
120.41 Crore,consisting entirely an fresh issue of
0.69 crore shares of ₹120.41 Crore.The subscription period for the Yajur Fibres IPO opens on January 07, 2026, and closes on January 09, 2026. The allotment is expected to be finalized on or about Monday, January 12, 2026., and the shares will be listed on the BSE SME with a tentative listing date set on or about Wednesday, January 14, 2026.
The Share Price Band of Yajur Fibres IPO is set at ₹168 to ₹174 per share per equity share. The Market Capitalisation of the Yajur Fibres at IPO price of ₹174 per equity share will be ₹
394.68 Crores. The lot size of the IPO is 800 shares. Retail investors are required to invest a minimum of ₹
278,400, 2 lots ( 1600 shares), while the minimum investment for High-Net-Worth Individuals (HNIs) is
3 lots (
2,400 shares), amounting to ₹
417,600.
Horizon Management Private Limited are the book running lead manager of the Yajur Fibres Ltd. while MAS SERVICES LIMITED is the registrar for the issue. The Market Maker of the company is Giriraj Stock Broking Pvt.Ltd.
Yajur Fibres Limited IPO GMP Today
The Grey Market Premium of Yajur Fibres IPO is expected to be ₹0 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.
Yajur Fibres Limited IPO Live Subscription Status Today: Real-Time Update
As of 10:30 AM on 09 January 2026, the Yajur Fibres IPO live subscription status shows that the IPO subscribed 1.22 times on its Final Day of subscription period. Check the Yajur Fibres IPO Live Subscription Status Today at BSE.
Yajur Fibres Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Yajur Fibres IPO allotment date is 12 January 2026, Monday, Yajur Fibres IPO Allotment will be out on 12 January 2026, Monday, Tuesday, and will be live on Registrar Website from the allotment date.
MAS SERVICES LIMITED IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Yajur Fibres IPO from the dropdown list of IPO
- Enter your application number, PAN, or DP Client ID
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.
Objectives of Yajur Fibres Limited IPO
Yajur Fibres to utilise the Net Proceeds towards the following objects:
1. ₹1192.76 Lakh is required for Setting up of 50,000 sq.ft. of shed in the existing manufacturing unit and installation of additional production capacity of 4 tons per day (hereinafter referred as the “Capex”) at our existing manufacturing unit at Jagannathpur, Phuleshwar, Uluberia, District Howrah
2. ₹4800.00 Lakh is required for Investment in our subsidiary Yashodha Linen Yarn Limited for setting up a greenfield unit at Vikram Udyogpuri, DMIC (Industrial Park, Ujjain, Madhya Pradesh) for 100% wet spun linen yarn and blended yarn (hereinafter referred as the “Project”)
3. ₹3600.00 Lakh is required for Funding of working capital requirements of our Company
4. General Corporate Purpose
Refer to Yajur Fibres Limited RHP for more details about the Company.
Yajur Fibres Limited Day Wise IPO GMP Trend
| GMP Date | Issue Price | Expected Listing Price | GMP | Last Updated |
|---|---|---|---|---|
| January 02, 2026 | ₹ 174 | ₹ 174 | ₹0(0.0%) | 02 January 2026; 12:22 PM |
Yajur Fibres IPO Details
| Market Capitalization | ₹394.68 Cr. |
| IPO Date | January 07, 2026 to January 09, 2026 |
| Listing Date | January 14, 2026 |
| Face Value | ₹10 Per Share |
| Price Band | ₹168 to ₹174 per share |
| Issue Price | ₹174 per share |
| Employee Discount | NA |
| Lot Size | 800 Equity Shares |
| Total Issue Size | 69,20,000 Equity Shares (aggregating to ₹120.41 Cr) |
| Fresh Issue | 69,20,000 Equity Shares (aggregating to ₹120.41 Cr) |
| Offer for Sale | NA |
| Issue Type | Book Built Issue |
| Listing At | BSE SME |
| Share holding pre issue | 1,57,62,873 |
| Share holding post issue | 2,26,82,873 |
| Rating | Avoid |
Yajur Fibres IPO Anchor Investors Details
| Bid Date | N/A |
| Shares Offered | N/A |
| Anchor Portion Size (In Cr.) | N/A |
| Anchor lock-in period end date for 50% shares (30 Days) | N/A |
| Anchor lock-in period end date for remaining shares (90 Days) | N/A |
Yajur Fibres IPO Timeline (Tentative Schedule)
| IPO Open Date | Wed, Jan 7, 2026 |
| IPO Close Date | Fri, Jan 9, 2026 |
| Basis of Allotment | Mon, Jan 12, 2026 |
| Initiation of Refunds | Tue, Jan 13, 2026 |
| Credit of Shares to Demat | Tue, Jan 13, 2026 |
| Listing Date | Wed, Jan 14, 2026 |
| Cut-off time for UPI mandate confirmation | Sun, Jan 11, 2026 |
Yajur Fibres IPO Reservation
| Investor Category | Shares Offered | Reservation % |
|---|---|---|
| QIB Portion | 328,680 | Not more than 5% of the Net Issue |
| Non-Institutional Investor Portion | 1,643,400 | Not more than 25% of the Net Offer |
| Retail Shares Offered | 4,272,840 | Not less than 65% of the Net Offer |
| Market Maker Portion | 346,400 | - |
Yajur Fibres IPO Promoter Holding
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 69.49% |
Yajur Fibres IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 1,600 | ₹278,400 |
| Retail (Max) | 2 | 1,600 | ₹278,400 |
| S-HNI (Min) | 3 | 2,400 | ₹417,600 |
| S-HNI (Max) | 7 | 5,600 | ₹974,400 |
| B-HNI (Min) | 8 | 6,400 | ₹1,113,600 |
Yajur Fibres IPO Subscription Status
| Investor Category | Shares Offered | Shares Bid For | No of Times Subscribed | Last Upadeted |
|---|---|---|---|---|
| Qualified Institutional Buyers (QIB) | 64,000 | 65,600 | 1.02x | 08 January 2026; 10:21 AM |
| Non Institutional Investors(NIIS) | 22,97,600 | 21,29,600 | 0.93x | 09 January 2026; 07:13 PM |
| Retail Individual Investors (RIIs) | 45,58,400 | 68,94,400 | 1.51x | 09 January 2026; 07:13 PM |
| Total | 69,20,000 | 90,89,600 | 1.31x | 09 January 2026; 07:13 PM |
About Yajur Fibres Limited
Yajur Fibres Limited is engaged in the manufacturing of premium cottonised bast fibres, including flax (linen), jute, and hemp. The company earns revenue through a B2B model by supplying cottonised fibres and yarns to spinning and weaving mills. Its products enable blending of bast fibres with cotton and man-made fibres, offering sustainable and cost-efficient textile solutions across apparel, home textiles, and industrial applications.
Key Clients and Manufacturing Facilities
The company serves over 260 customers, with repeat business from 159 customers. Its top 10 customers contributed 65.28% of revenue as of November 30, 2025. Yajur Fibres operates a manufacturing facility at Jagannathpur, Uluberia, Howrah, West Bengal, spread across approximately 19 acres, located in India’s key jute hub with strong logistics and raw material access.
Product Portfolio and Order Book Execution
The product portfolio includes cottonised flax fibre, cottonised jute fibre, cottonised hemp fibre, flax yarn, and jute yarn. These products help textile manufacturers improve fabric performance, reduce costs by nearly 25% versus pure linen, and extend product life cycles. The company executes orders through continuous production with installed capacity of over 300 MT per month, ensuring timely delivery to domestic and export customers.
Mergers, Capex, and Expansion Plans
Yajur Bast Fibres Limited was merged into Yajur Fibres Limited under an NCLT-approved scheme effective April 1, 2021. The company plans capex of ₹1,192.76 lakh to build a 50,000 sq. ft. shed and install new cottonising machinery, increasing capacity by up to 4 tons per day. Dyeing and bleaching facilities will be added through internal accruals.
Employees and Banker Details
As on November 30, 2025, the company had 409 employees. The Banker to the Company is ICICI Bank Limited.
Management and Growth Vision
The management, led by experienced promoters from the Kankaria Group with over 80 years in the jute industry, focuses on sustainable fibre innovation and global market expansion. Near-term goals include capacity expansion and backward integration, while long-term targets focus on export growth and higher-margin products. Capex funding will be arranged through IPO proceeds, internal accruals, and bank financing.
Industry Overview
Yajur Fibres operates in the bast fibres industry, which includes flax, jute, and hemp. The industry benefits from rising demand for sustainable and biodegradable textiles. India is a major producer of jute, while global demand for linen and hemp fibres is growing due to eco-friendly regulations. The bast fibre market is expected to grow at mid-single-digit CAGR globally, driven by textiles, packaging, and home furnishings.
Key Risk Factors
- Customer Concentration Risk
The top ten customers contributed over 65% of revenue, making the company vulnerable to loss or slowdown from key clients, which could materially impact revenue and cash flows. - Raw Material Availability Risk
The business depends on availability and pricing of natural bast fibres like flax and jute, which are influenced by agricultural output and climatic conditions. - Working Capital Intensity
Delayed payments from customers may strain working capital, impacting production cycles and increasing reliance on bank borrowings. - Execution Risk of Expansion Plans
Delays or cost overruns in planned capex projects could affect capacity addition timelines and expected financial returns. - Technology and Process Risk
Failure to adopt new technologies or disruptions in IT systems may reduce operational efficiency and competitiveness.
Key Strengths, Moat, and Opportunities
- Strong Brand and Industry Experience
The “Yajur” brand is well-recognised in premium cottonised bast fibres, backed by decades of experience from the Kankaria Group, creating strong customer trust. - Technological Differentiation
The company is among the few to commercially produce cottonised jute and hemp fibres that can blend up to 55% with cotton, creating a strong technological moat. - Sustainability-Driven Demand
Growing preference for biodegradable and eco-friendly textiles globally creates long-term demand for bast fibre-based products. - Export Market Presence
Products are supplied to customers in India, Turkey, Indonesia, Nepal, and Bangladesh, providing geographic diversification and export growth opportunities. - Capacity Expansion Upside
Planned capacity expansion and backward integration into dyeing and bleaching are expected to improve margins, reduce costs, and enhance order execution capabilities. - High Entry Barriers
Limited global spinning mills for linen, jute, and hemp and high capital requirements act as natural entry barriers, protecting long-term competitiveness.
Yajur Fibres Limited Financial Information (Restated Consolidated)
Amount in (₹ in Lakhs)
| Period Ended | Nov 30, 2025 | Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 |
|---|---|---|---|---|
| Reserve of Surplus | 4,055.52 | 3,343.58 | 3,291.38 | 2,864.59 |
| Total Assets | 16,174.05 | 14,073.46 | 7,776.14 | 8,283.63 |
| Total Borrowings | 7,358.78 | 6,617.81 | 2,616.53 | 3,477.60 |
| Fixed Assets | 5,834.67 | 5,916.58 | 4,431.34 | 4,324.85 |
| Cash | 121.64 | 205.12 | 106.18 | 72.53 |
| Cash flow from operating activities | -282.28 | -2,537.67 | 1,073.52 | -292.88 |
| Cash flows from investing activities | -74.52 | -1,654.23 | 90.38 | -1,269.96 |
| Cash flow from financing activities | 296.72 | 4,175.61 | -1,132.59 | 1,607.29 |
| Net Borrowing | 7,237.14 | 6,412.69 | 2,510.35 | 3,405.07 |
| Revenue | 6,999.10 | 14,199.03 | 8,484.58 | 6,183.55 |
| EBITDA | 1,231.02 | 1,885.07 | 801.11 | 667.68 |
| PAT | 711.95 | 1,167.56 | 426.79 | 355.12 |
| PAT Margin | 10.17% | 8.22% | 5.03% | 5.74% |
| EPS | 4.52 | 7.41 | 2.73 | 4.23 |
Note 1:- RoE, ROCE & RoNW calculation in KPI is based on 31st Mar, 2025 Data, given in RHP.
Note 2:- Pre EPS and Post EPS calculation in KPI is based (Profit/Loss for the Year) on 31st Mar, 2025 Data, given in RHP.
Note 3:- RoNW calculation in KPI is based on 31st Mar, 2025 Data, given in RHP.
Note 4:- Price to Book Value calculation in KPI is based on Cap Price Post Issue Data, given in FINANCIAL EXPRESS.
Key Performance Indicator
| KPI | Values |
|---|---|
| EPS Pre IPO (Rs.) | 7.41 |
| EPS Post IPO (Rs.) | 5.15 |
| Adjusted 12M EPS Post IPO (Rs.) | 4.71 |
| P/E Pre IPO | 23.48 |
| P/E Post IPO | 33.80 |
| Adjusted 12M P/E Post IPO | 36.96 |
| ROE | 26.92% |
| ROCE | 17.14% |
| P/BV | 6.48 |
| Debt/Equity | 1.35 |
| RoNW | 27.59% |
| EBITDA Margin | 13.39% |
| PAT Margin | 8.22% |
Yajur Fibres Limited IPO Peer Comparison
| Company Name | EPS | P/E (x) | ROE | ROCE | P/BV | Debt/Equity | RoNW (%) |
|---|---|---|---|---|---|---|---|
| There are no listed peers which are in the same line of business as per RHP. | - | - | - | - | - | - | - |
Yajur Fibres Limited Contact Details
Yajur Fibres Limited
Phone: +91 33 2671 2883
Email: investors@yajurfibres.com
Website: http://www.mdrcindia.com
Yajur Fibres IPO Registrar and Lead Manager(s)
MAS Services Limited
Phone: +91 112 638 7281
Email: ipo@masserv.com
Website: http://www.masserv.com
Horizon Management Private Limited
Phone: +91 33 4600 0607
Email: smeipo@horizon.net.co
Website: http://www.horizonmanagement.in
Yajur Fibres IPO Review
Yajur Fibres Limited is engaged in the manufacturing of premium cottonised bast fibres, including flax (linen), jute, and hemp. The company earns revenue through a B2B model by supplying cottonised fibres and yarns to spinning and weaving mills. Its products enable blending of bast fibres with cotton and man-made fibres, offering sustainable and cost-efficient textile solutions across apparel, home textiles, and industrial applications.
The Company is led by Promoter, i.e., ASHISH KANKARIA, SHRUTI A KANKARIA, AMBICA CAPITAL MARKETS LIMITED AND GOLD VIEW FINANCIAL SERVICES LIMITED
The Revenues from operations for the Period ended on Nov 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 6,999.10 Lakh, ₹ 14,199.03 Lakh, ₹ 8,484.58 Lakh, and ₹ 6,183.55 Lakh, The EBITDA for the Period ended on Nov 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 1,231.02 Lakh, ₹ 1,885.07 Lakh, ₹ 801.11 Lakh, and ₹ 667.68 Lakh, The Profit after Tax for the Period ended on Nov 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were were ₹ 711.95 Lakh, ₹ 1,167.56 Lakh, ₹ 426.79 Lakh, and ₹ 355.12 Lakh, respectively. This indicates a steady growth in financial performance.
The Company Key Performance Indicates the pre-issue EPS of ₹7.41 and post-issue EPS of ₹5.15 for FY25. The pre-issue P/E ratio is 23.48x,while the post-issue P/E ratio is 33.80x against the Industry P/E ratio is NAx The company's ROE for FY25 is 26.92% and RoNW is 27.59% The Annualised EPS is ₹4.71x and P/E is 36.96x. These metrics suggest that the IPO is Fully priced.
The Grey Market Premium (GMP) of Yajur Fibres showing listing gains of 0%.Given the company's financial performance and the valuation of the IPO, we recommend Investors to Avoid to the Yajur Fibres Limited IPO for Listing gain or Long Term Purposes.
Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information. We also use Artificial Intelligence (AI) tools to enhance the efficiency and quality of our research services, including data retrieval, analysis, and report summarization. 1.“Registration granted by SEBI, membership of a SEBI recognized supervisory body (if any) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.” 2. “Investment in securities market are subject to market risks. Read all the related documents carefully before investing.” 3. To read the Disclaimers, Disclosures, Investor Charter, Investor Complaints please visit Legal our website abhayvarn.com
About the Author
CA Abhay Kumar (Also known as CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms.
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