The Yajur Fibres Ltd IPO is a book-built public issue for small and medium-sized businesses (SMEs) worth ₹120.41 crore. It is a brand-new issuance of 69.2 lakh equity shares in the premium bast fiber and yarn category. Bidding will start in early January 2026, and the shares will be listed on the BSE SME platform. The IPO gives investors a chance to invest in a niche, environmentally friendly textile company backed by the Kankaria Group. A large share is set aside for retail investors, and the grey market premium is low but stable, which suggests that investors have reasonable expectations for the listing. The registrar is Mas Services Limited.
Yajur Fibres Ltd IPO is a book-built SME public issue of ₹120.41 crore, fully a fresh issue of 69.2 lakh equity shares in the premium bast fibre and yarn segment, with bidding scheduled in early January 2026 and listing on the BSE SME platform. The IPO offers exposure to a niche, sustainability-linked textile play backed by the Kankaria Group, with a large share reserved for retail investors and a muted but stable grey market premium indicating measured listing expectations.
IPO dates and basic details
The bidding window for the Yajur Fibres Ltd IPO will be open from January 7 to January 9, 2026. The allocation will be finalized on January 12, 2026, and the listing will be on January 14, 2026. The IPO is a public, book-built issuance worth ₹120.41 crore, and the shares will be listed on the BSE SME platform.
Key IPO timeline – Yajur Fibres Ltd
| Event | Date / Detail |
|---|---|
| IPO Open Date | 7 January 2026 |
| IPO Close Date | 9 January 2026 |
| Allotment Date (expected) | 12 January 2026 |
| Refunds Initiation | 13 January 2026 |
| Demat Credit | 13 January 2026 |
| Listing Date (tentative) | 14 January 2026 |
| Exchange | BSE SME |
| Issue Type | Book Built, Fresh Issue |
| Issue Size | ₹120.41 crore |
| DRHP File | View File |
| RHP File | View File |
Issue size, price band and lot size
The Yajur Fibres IPO has a price range of ₹168 to ₹174 per share. This means that the company’s market value before the issuance will be roughly ₹395 crore at the top end. The smallest lot size is 800 shares, which means that retail investors must put in at least ₹1,39,200.
| Parameter | Detail |
|---|---|
| Price Band | ₹168 – ₹174 per share |
| Face Value | ₹10 per share |
| Total Issue Size | ₹120.41 crore |
| Total Shares Offered | 69,20,000 equity shares |
| Listing Exchange | BSE SME |
| Lot Size | 800 shares |
| Minimum Retail Investment | ₹1,39,200 (for 1 lot) |
Category-wise allocation and market lot
| Investor Category | Shares Offered | Approx. % of Net Issue |
|---|---|---|
| Qualified Institutional Buyers | 64,000 – 65,600 | ~0.9–0.95% |
| Non‑Institutional Investors | 19,51,200 – 19,52,000 | ~28.2% |
| Retail Individual Investors | 45,56,000 – 45,58,400 | ~65.8% |
| Total | 69,20,000 | 100% |
| Category | Minimum Lots | Shares | Approx. Amount* |
|---|---|---|---|
| Retail | 1 lot | 800 | ₹1,39,200 |
| HNI / NII | 2 lots+ | 1,600+ | ₹2,78,400+ |
Grey Market Premium (GMP) and listing sentiment
Yajur Fibres Ltd IPO’s Grey Market Premium (GMP) has been reported around ₹0–₹60 per share close to opening, implying flat to moderate listing expectations over the issue price. At a GMP of about ₹60 on a ₹174 upper band, the implied listing price would be near ₹234, reflecting roughly 34% upside if sentiment improves and trades sustain at that level.
GMP updated on January 7, 2026 at 01:48 PM.
Details about the allotment status and listing
The Yajur Fibres IPO allotment should be finished on or around January 12, 2026, and reimbursements and demat credit should be sent out by January 13, 2026. After the listing, investors will be able to monitor the status of their allocation through the registrar’s portal and their brokers using their PAN, client ID, or application number once all the data has been uploaded.
On the day of the listing, the shares will be traded on the BSE SME segment. The price will depend on how many people sign up, the GMP trend, and how the market as a whole feels about small-cap textile and sustainability-linked firms.
Yajur Fibres IPO Review
Yajur Fibres has been in business since 1980, with significant support from the Kankaria Group, and is known for its high-quality, eco-friendly bast fibers like flax, jute, and hemp. Its plans to expand its capacity, its strong B2B contacts, and its move into linen yarn manufacturing all provide it a solid growth runway as demand for eco-friendly textiles grows around the world.
Investors should carefully look at the company’s latest financial reports, which show that it is at risk since it relies on a few major raw material suppliers and has a concentration in important goods like cottonized flax. The low QIB allocation, SME listing, and currently low GMP show that even though the company story is appealing, market expectations for the listing pop are low. This IPO is better for investors who are willing to take on greater risk and believe in long-term viability.
A look into the company’s business
Yajur Fibres Limited is a bast fiber expert that has been around since 1980. It was once called Shineup Investments Limited, but in 2021 it changed its name as part of a strategic move under the Kankaria Group. The enterprise is based in Howrah, West Bengal, where it turns long bast fibers like flax (linen), jute, and hemp into short, cotton-like fibers that can be easily mixed with cotton and man-made fibers for use in textiles that last.
Yajur Fibres mostly works with other businesses, selling processed fibers and yarn to the biggest spinning and weaving mills in India and other countries. It can process more than 300 metric tons of cottonized fiber, flax yarn, and jute yarn each month, making it a small but important player in the premium bast fiber value chains.
Objects of the Issue:
A big part of the money from the IPO will be used to build a 50,000 sq. ft. shed and buy new dyeing and bleaching machines for the Howrah manufacturing business. This would increase processing capacity by 4 tonnes per day. In addition to supporting working capital and other business needs, the company proposes to make a big investment in its subsidiary Yashodha Linen Yarn Limited to build a new factory at Vikram Udyogpuri (DMIC Industrial Park, Ujjain, Madhya Pradesh) producing 100% wet-spun linen and blended yarn.
| Purpose | Amount (₹ crore) | Approx. % |
|---|---|---|
| Capacity expansion & machinery at Howrah unit | 11.93 | 9.94% |
| Investment in subsidiary (Ujjain linen yarn project) | 48.00 | 40.00% |
| Working capital requirements | 36.00 | 30.00% |
| General corporate purposes | 24.07 | 20.06% |
Promoters and shareholding pattern
The Kankaria Group owns Yajur Fibres. Its promoters are Ashish Kankaria, Shruti A. Kankaria, Ambica Capital Markets Limited, and Gold View Financial Services Limited. Before the issue, there are about 1.576 crore shares in the company. After the issue, there will be about 2.268 crore shares, which will dilute the equity but also raise money for growth.
Shareholding pattern – before and after IPO
| Particulars | Pre‑Issue Shares | Post‑Issue Shares |
|---|---|---|
| Promoter & Promoter Group | Majority stake (within 1.576 crore total) | Diluted but remains controlling |
| Public Shareholding | Nil / negligible | Increases via fresh issue |
| Total Equity Shares | 1,57,62,873 | 2,26,82,873 |
Company Financials
Yajur Fibres’ net worth and reserves are increasing, which is a sign of retained earnings and capital build-up over FY23–FY24. The RHP and third-party IPO notes include precise information about revenue and profits from the past few years. The balance sheet trend, on the other hand, shows that the company’s financial strength is slowly but surely getting better, which is in accordance with its SME profile.
| Year Ended (₹ crore) | Mar 2024 | Mar 2023 |
|---|---|---|
| Equity Share Capital | 4.64 | 4.64 |
| Reserves | 32.91 | 28.65 |
| Net Worth | 37.55 | 33.29 |
Overview of the valuation
Yajur Fibres is being valued as a niche, high-margin bast fibre and yarn player rather than a commodity textile company. The upper price band is ₹174 and the pre-issue market cap is around ₹395 crore. The company’s FY24 and trailing twelve-month earnings, return ratios, and the scalability of the new linen yarn project will all affect how comfortable the value is. These factors will decide the suggested P/E and EV/EBITDA multiples compared to other textile companies.
Investors should think of values as moderate to high for a SME and set their expectations based on long-term growth instead of fast listing profits, since public summaries don’t always show DRHP P/E.
Peer Comparison
Investors and merchant bankers who anchor
Yajur Fibres is a SME IPO, which means that its anchor book, if it has one, is not very big. Details are usually worked out just before the launch, and so far, preliminary trackers have not shown any big anchor names. Information from IPO platforms that focus on SMEs shows that specialized SME lead managers, not giant full-service investment banks, are in charge of the offering. This is normal for issues of this size and type.
Yajur Fibres Ltd – Company Contact Details
Registered / Corporate Office
Yajur Fibres Limited
5, Middleton Street,
Kolkata, West Bengal – 700071, India
Phone
+91 33 2283 5028 / 5029
Email
investors@yajurfibres.com
Website
https://www.yajurfibres.com/
Registrar to the Issue – MAS Services Ltd
Registrar Name
MAS Services Limited
Office Address
MAS Services Limited
(Registered / IPO Office – as per registrar details used for SME issues)
Phone
(011) 2610 4142
+91 11 2638 7281 / 83
+91 11 4132 0335
Email
ipo@masserv.com
investor@masserv.com
Website
https://www.masserv.com/
Mr. Nadim Abbas M G is an Intermediate Chartered Accountant with a strong background in Information Technology. He combines his expertise in IT with a deep understanding of the stock market, making him a valuable resource for both financial and technical insights. With hands-on experience in accounting, IT systems, and stock market analysis, Nadim excels in bridging the gap between finance and technology, offering strategic advice and expert guidance in both domains.
