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Yashhtej Industries (India) IPO Review - Issue Date, Price, GMP, Subscription, Allotment, Lot Size, and Details
Yashhtej Industries (India) Limited is engaged in the manufacturing of soybean crude oil and de-oiled cake (DOC). The company operates a 250 TPD solvent extraction plant in Latur, Maharashtra. Revenue is generated through sale of crude soybean oil to refineries and DOC to cattle feed manufacturers and exporters. The company also operates a solar power unit, helping reduce energy costs and improve operational efficiency.
Yashhtej Industries (India), an Fixed Price Issue, amounting to ₹
88.88 Crore,consisting entirely an fresh issue of
0.81 crore shares of
₹
88.88 crores. The subscription period for the Yashhtej Industries (India) IPO opens on February 18, 2026, and closes on February 20, 2026. The allotment is expected to be finalized on or about 23 February 2026, Monday, and the shares will be listed on the BSE with a tentative listing date set on or about Wednesday, February 25, 2026.
The Share Price Band of Yashhtej Industries (India) IPO is set at ₹110 per share per equity share. The Market Capitalisation of the Yashhtej Industries (India) at IPO price of ₹110 per equity share will be ₹
253.88 Cr. The lot size of the IPO is 1200 shares. Retail investors are required to invest a minimum of ₹
264,000, 2 lots (
2,400 shares), while the minimum investment for High-Net-Worth Individuals (HNIs) is
3 lots (
3,600 shares), amounting to ₹
396,000.
ERUDORE CAPITAL PRIVATE LIMITED, are the book running lead manager of the Yashhtej Industries (India) Ltd. while MAS SERVICES LIMITED is the registrar for the issue.The Market Maker of the company is Prabhat Financial Services Ltd.
Yashhtej Industries (India) Limited IPO GMP Today
The Grey Market Premium of Yashhtej Industries (India) 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.
Yashhtej Industries (India) Limited IPO Live Subscription Status Today: Real-Time Update
As of 06:30 PM on 20 February 2026, the Yashhtej Industries (India) IPO live subscription status shows that the IPO subscribed 1.37 times on its Final Day of subscription period. Check the Yashhtej Industries (India) IPO Live Subscription Status Today at BSE.
Yashhtej Industries (India) Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Yashhtej Industries (India) IPO allotment date is 23 February 2026, Monday, Yashhtej Industries (India) IPO Allotment will be out on 23 February 2026, Monday, 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 Yashhtej Industries (India) 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 Yashhtej Industries (India) Limited IPO
Yashhtej Industries (India) to utilise the Net Proceeds towards the following objects:
1. ₹6,388.29 Lakh is required for Capital expenditures
2. ₹610.57 Lakh is required for Funding of Working Capital requirements
3. ₹950.00 Lakh is required for Funding General Corporate Purposes.
Refer to Yashhtej Industries (India) Limited RHP for more details about the Company.
Yashhtej Industries (India) Limited Day Wise IPO GMP Trend
| GMP Date | Issue Price | Expected Listing Price | GMP | Last Updated |
|---|---|---|---|---|
| February 16, 2026 | ₹ 110 | ₹ 110 | ₹0(0.0%) | 16 February 2026; 12:08 PM |
Yashhtej Industries (India) IPO Details
| Market Capitalization | ₹253.88 Cr |
| IPO Date | February 18, 2026 to February 20, 2026 |
| Listing Date | February 25, 2026 |
| Face Value | ₹10 Per Share |
| Price Band | ₹110 per share |
| Issue Price | ₹110 per share |
| Employee Discount | NA |
| Lot Size | 1200 Equity Shares |
| Total Issue Size | 80,79,600 Equity Shares (aggregating to ₹88.88 Cr) |
| Fresh Issue | 80,79,600 Equity Shares (aggregating to ₹88.88 Cr) |
| Offer for Sale | NA |
| Issue Type | Fixed Price Issue |
| Listing At | BSE SME |
| Share holding pre issue | 1,50,00,000 |
| Share holding post issue | 2,30,79,600 |
| Rating | Avoid |
Yashhtej Industries (India) 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 |
Yashhtej Industries (India) IPO Timeline (Tentative Schedule)
| IPO Open Date | Wed, Feb 18, 2026 |
| IPO Close Date | Fri, Feb 20, 2026 |
| Basis of Allotment | Mon, Feb 23, 2026 |
| Initiation of Refunds | Tue, Feb 24, 2026 |
| Credit of Shares to Demat | Tue, Feb 24, 2026 |
| Listing Date | Wed, Feb 25, 2026 |
| Cut-off time for UPI mandate confirmation | Mon, Feb 23, 2026 |
Yashhtej Industries (India) IPO Reservation
| Investor Category | Shares Offered | Reservation % |
|---|---|---|
| QIB Portion | - | - |
| Non-Institutional Investor Portion | 3,837,600 | Not less than 50% of the Net Offer |
| Retail Shares Offered | 3,837,600 | Not less than 50% of the Net Offer |
| Market Maker Portion | 404,400 | - |
Yashhtej Industries (India) IPO Promoter Holding
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 64.99% |
Yashhtej Industries (India) IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹264,000 |
| Retail (Max) | 2 | 2,400 | ₹264,000 |
| S-HNI (Min) | 3 | 3,600 | ₹396,000 |
| S-HNI (Max) | 7 | 8,400 | ₹924,000 |
| B-HNI (Min) | 8 | 9,600 | ₹1,056,000 |
Yashhtej Industries (India) IPO Subscription Status
| Investor Category | Shares Offered | Shares Bid For | No of Times Subscribed | Last Upadeted |
|---|---|---|---|---|
| Qualified Institutional Buyers (QIB) | - | - | 0x | 16 February 2026; 12:09 PM |
| Non Institutional Investors(NIIS) | 4,242,000 | 231 | 0.00x | 20 February 2026; 11:13 AM |
| Retail Individual Investors (RIIs) | 3,837,600 | 2,917 | 0.00x | 20 February 2026; 11:13 AM |
| Total | 8,079,600 | 3148 | 0.00x | 20 February 2026; 11:13 AM |
About Yashhtej Industries (India) Limited
Yashhtej Industries (India) Limited is engaged in the manufacturing of soybean crude oil and de-oiled cake (DOC). The company operates a 250 TPD solvent extraction plant in Latur, Maharashtra. Revenue is generated through sale of crude soybean oil to refineries and DOC to cattle feed manufacturers and exporters. The company also operates a solar power unit, helping reduce energy costs and improve operational efficiency.
Key Clients & Manufacturing Facilities
The company supplies soybean crude oil to oil refineries and DOC to feed manufacturers and traders. It has a manufacturing facility at Industrial Plot No. D-73-1, Additional MIDC, Latur, spread across approx. 21,975 sq. meters. The plant includes solvent extraction machinery, storage facilities, and a solar unit. The factory land and plant are hypothecated with Union Bank of India against working capital and term loans.
Product Portfolio & Order Book
The product portfolio includes Crude Soybean Oil and De-Oiled Cake (DOC). Crude oil is further refined by clients into edible oil, while DOC is used in animal feed production. These products lie in the agri-processing and edible oil value chain. The company operates on an order-based and continuous demand model. Revenue from operations grew from ₹5,924.49 lakhs (FY24) to ₹32,475.64 lakhs (FY25), showing strong execution capability.
Merger, Capex & Expansion Plans
The company recently changed its name to Yashhtej Industries (India) Limited in February 2025. There is no change in business object. Future plans include capacity expansion, working capital strengthening, and modernization of plant & machinery. The IPO proceeds are expected to support debt reduction and working capital needs. The company’s leverage ratio improved from 2.23 (March 2025) to 1.39 (September 2025), indicating strengthening financial stability.
Employees & Banker
September 30, 2025, the company had 91, full time employees. The Banker to the Company is Union Bank of India.
Management & Growth Vision
The company is led by Mr. Suraj Shivraj Barge (Managing Director) and promoters with experience in agro-processing and solvent extraction. The management has demonstrated strong revenue growth, increasing revenue from ₹5,924.49 lakhs (FY24) to ₹32,475.64 lakhs (FY25).
Their vision focuses on:
- Expanding solvent extraction capacity
- Increasing operational efficiency
- Strengthening working capital cycle
- Reducing debt levels
The company plans to fund capex through:
- IPO proceeds
- Internal accruals
- Bank borrowings (if required)
With Return on Net Worth (RoNW) of 58.86% in FY25, the company has shown strong profitability compared to peers.
Long-term targets include scaling production capacity, improving margins through cost control (solar unit benefit), and strengthening its presence in the soybean processing industry.
Industry Overview
Industry Segment
The company operates in the Indian edible oil and soybean processing industry.
Indian Industry Size
India is one of the largest consumers of edible oils globally. The edible oil market in India is estimated at over ₹1.5–2 lakh crore annually and continues to grow due to rising population and food consumption.
Global Industry Size
Globally, soybean oil is one of the most widely consumed edible oils. The global soybean oil market is valued at over USD 90–100 billion, growing steadily at 4–5% CAGR.
Industry Growth Rate
- Indian edible oil demand growth: 4–6% CAGR
- Animal feed industry growth: 6–8% CAGR
- Rising protein consumption boosts DOC demand
Market Leaders
- KN Agri Resources Limited
- Rama Phosphates Limited
Compared to peers, Yashhtej Industries reported revenue of ₹32,475.64 lakhs in FY25 with a P/E of 14.27 and RoNW of 58.86%, indicating strong profitability at current scale.
Industry outlook remains positive due to:
- Increasing edible oil consumption
- Growing cattle feed demand
- Government focus on oilseed self-sufficiency
Major Risk Factors
1. Raw Material Price Volatility
Soybean prices are highly volatile and depend on crop yield, monsoon, and global commodity trends. Any sharp rise in soybean prices may impact margins if the company is unable to pass on the increase to customers.
2. Working Capital Intensive Business
The company requires high working capital for procurement of soybeans. As of September 30, 2025, total borrowings stood at ₹3,747.23 lakhs. High reliance on working capital loans may affect profitability.
3. Industry Competition
The soybean processing industry has multiple regional and national players. Large players like KN Agri Resources have significantly higher revenue scale, which may result in pricing pressure.
4. Regulatory Risk
The edible oil industry is affected by government policies on import duties, MSP, and export restrictions. Policy changes can impact raw material cost and product pricing.
5. Customer Concentration Risk
Revenue largely depends on sales to oil refineries and feed manufacturers. Loss of key customers may impact revenue stability.
6. Debt Obligations
The company has secured loans from Union Bank and other borrowings. Any inability to service debt may impact financial stability.
7. Agricultural Dependency
The business depends on soybean crop availability. Poor monsoon or crop failure can reduce supply and increase procurement costs.
Key Strengths, Moat & Opportunities
1. Strong Revenue Growth
Revenue increased significantly from ₹5,924.49 lakhs (FY24) to ₹32,475.64 lakhs (FY25). This shows strong operational scaling and market acceptance.
2. High Return on Net Worth (58.86%)
The company has demonstrated strong profitability compared to peers, indicating efficient capital utilization and operational performance.
3. Integrated Manufacturing Facility
The 250 TPD solvent extraction plant with solar power integration reduces power costs and improves operational efficiency.
4. Improving Leverage Position
Leverage ratio improved from 2.23 to 1.39 within six months, showing management’s focus on financial discipline and debt management.
5. Strategic Location in Latur
Latur is an agricultural hub for soybean production, ensuring easier access to raw materials and lower logistics cost.
6. Growing Demand in Edible Oil & Feed Industry
Rising edible oil consumption and animal feed demand create strong long-term growth opportunities for crude oil and DOC manufacturers.
7. Scalable Business Model
The solvent extraction model is scalable. Capacity expansion can significantly improve revenue without proportionate increase in fixed costs.
Yashhtej Industries (India) Limited Financial Information (Restated Consolidated)
Amount in (₹ in Lakhs)
| Period Ended | Sep 30, 2025 | Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 |
|---|---|---|---|---|
| Reserve of Surplus | 1,186.78 | 1,211.82 | 55.13 | -57.76 |
| Total Assets | 7,757.49 | 7,519.54 | 5,577.14 | 2,524.66 |
| Total Borrowings | 3,747.23 | 4,384.58 | 3,390.56 | 1,661.72 |
| Fixed Assets | 3,061.29 | 3,142.97 | 2,906.85 | 177.91 |
| Cash | 51.98 | 291.81 | 1.44 | 601.98 |
| Cash flow from operating activities | 740.26 | 120.76 | -637.08 | -372.76 |
| Cash flows from investing activities | -130.07 | -437.95 | -1,650.47 | -1,113.95 |
| Cash flow from financing activities | -850.02 | 607.56 | 1,686.99 | 2,087.59 |
| Net Borrowing | 3,695.25 | 4,092.77 | 3,389.12 | 1,059.74 |
| Revenue | 19,122.14 | 32,496.23 | 5,924.66 | 1,200.21 |
| EBITDA | 1,244.30 | 2,102.11 | 259.47 | -57.89 |
| PAT | 724.96 | 1,156.69 | 112.89 | -57.76 |
| PAT Margin | 3.79% | 3.56% | 1.91% | -4.81% |
| EPS | 4.83 | 7.71 | 0.91 | -0.68 |
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.) | 7.71 |
| EPS Post IPO (Rs.) | 5.01 |
| Adjusted 12M EPS Post IPO (Rs.) | 6.28 |
| P/E Pre IPO | 14.27 |
| P/E Post IPO | 21.95 |
| Adjusted 12M P/E Post IPO | 17.51 |
| ROE | 83.61% |
| ROCE | 30.55% |
| P/BV | 8.41 |
| Debt/Equity | 2.23 |
| RoNW | 58.96% |
| EBITDA Margin | 6.47% |
| PAT Margin | 3.56% |
Yashhtej Industries (India) Limited IPO Peer Comparison
| Company Name | EPS | P/E (x) | ROE | ROCE | P/BV | Debt/Equity | RoNW (%) |
|---|---|---|---|---|---|---|---|
| Yashhtej Industries (India) | 5.01 | 21.95 | 83.61% | 30.55% | 8.41 | 2.23 | 58.96% |
| Kn Agri Resources | 14.76 | 11.52 | 11.1 % | 14.8 % | 1.09 | 0.15 | 10.50% |
| Rama Phosphates | 3.86 | 41.26 | 3.77 % | 7.81 % | 1.28 | 0.26 | 3.68% |
Yashhtej Industries (India) Limited Contact Details
Yashhtej Industries (India) Limited
Phone: +91 9175881666
Email: info@yashhtej.com
Website: http://www.yashhtej.com/
Yashhtej Industries (India) IPO Registrar and Lead Manager(s)
MAS SERVICES LIMITED
Phone: 011-26387281
Email: ipo@masserv.com
Website: http://www.masserv.com/
ERUDORE CAPITAL PRIVATE LIMITED
Phone: : +91 74001 76215
Email: investor@erudorecapital.com
Website: http://www.erudorecapital.com/
Yashhtej Industries (India) IPO Review
Yashhtej Industries (India) Limited is engaged in the manufacturing of soybean crude oil and de-oiled cake (DOC). The company operates a 250 TPD solvent extraction plant in Latur, Maharashtra. Revenue is generated through sale of crude soybean oil to refineries and DOC to cattle feed manufacturers and exporters. The company also operates a solar power unit, helping reduce energy costs and improve operational efficiency.
The Company is led by Promoter, i.e.,MR. BASWARAJ MADHAVRAO BARGE, MR. SURAJ SHIVRAJ BARGE & MR. SHIVLING MADHAVRAO BARGE
The Revenues from operations for the Period ended on Sep 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 19,122.14 Lakh, ₹ 32,496.23 Lakh, ₹ 5,924.66 Lakh, and ₹ 1,200.21 Lakh, The EBITDA for the Period ended on Sep 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 1,244.30 Lakh, ₹ 2,102.11 Lakh, ₹ 259.47 Lakh, and ₹ -57.89 Lakh, The Profit after Tax for the Period ended on Sep 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were were ₹ 724.96 Lakh, ₹ 1,156.69 Lakh, ₹ 112.89 Lakh, and ₹ -57.76 Lakh, respectively. This indicates a steady growth in financial performance.
The Company Key Performance Indicates the pre-issue EPS of ₹ 7.71 and post-issue EPS of ₹ 5.01 for FY25. The pre-issue P/E ratio is 14.27x,while the post-issue P/E ratio is 21.95x against the Industry P/E ratio is 26.51x The company's ROE for FY25 is 83.61% and RoNW is 58.96%The Annualised EPS is ₹ 6.28x and P/E is ₹ 17.51x, These metrics suggest that the IPO is Fully priced.
The Grey Market Premium (GMP) of Yashhtej Industries (India) showing listing gains of 0%.Given the company's financial performance and the valuation of the IPO, we recommend Investors to Avoid to the Yashhtej Industries (India) 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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