The Rs 120 crore IPO, which was entirely a fresh issue, closed for subscription on January 9 and saw modest investor response. The issue was subscribed 1.33 times overall, with retail investors providing the bulk of demand.
Retail subscription stood at 1.51 times, while qualified institutional buyers subscribed 1.03 times their reserved portion. Non-institutional investors remained subdued, with the NII segment subscribed just 0.91 times.
Yajur Fibres offered shares in a price band of Rs 168 to Rs 174 per share, with the issue priced at the upper end.
The IPO comprised 69.2 lakh shares, of which around Rs 114 crore worth was offered to the public after setting aside a market maker portion of Rs 6 crore. Nearly two-thirds of the net issue was reserved for retail investors, while NIIs accounted for about 28% and QIBs for less than 1%, a structure typical of SME offerings.
Yajur Fibres is engaged in processing and manufacturing bast fibres such as flax, jute and hemp. The company specialises in cottonising these fibres, converting long and brittle bast fibres into cotton-like material that can be blended with cotton and man-made fibres. This process is increasingly seen as relevant in the context of sustainable textiles and natural fibre substitution.
The company operates a large manufacturing facility in West Bengal’s jute belt, spread across 19 acres along the Ganges riverfront in Howrah district. It has an installed capacity of over 300 metric tonnes per month for cottonised fibre, flax yarn and jute yarn, and supplies to spinning and weaving mills in India as well as overseas markets.From a financial standpoint, Yajur Fibres has shown growth but with some variability. Total income rose to Rs 141.99 crore in FY25 from Rs 84.85 crore in FY24, while profit after tax increased to Rs 11.68 crore from Rs 4.27 crore over the same period. For the eight months ended November 2025, the company reported income of Rs 69.99 crore and profit of Rs 7.12 crore.
The company plans to deploy IPO proceeds across multiple expansion initiatives. About Rs 36 crore will be used to fund working capital requirements, while nearly Rs 48 crore will be invested in its subsidiary Yashodha Linen Yarn Limited to set up a greenfield unit in Madhya Pradesh. Additional funds are earmarked for expanding capacity at its existing West Bengal facility and for general corporate purposes.
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