Kolkata-based Yajur Fibres, which specialises in the production of cottonised bast fibres, will open its initial public offering (IPO) for subscription on January 7. The SME issue has been priced in a band of ₹168–174 per equity share.
The company aims to raise ₹120.4 crore through the IPO, which comprises a fresh issue of 69.2 lakh shares at the upper end of the price band. There is no offer-for-sale component in the issue.
Yajur Fibres’ public issue is the largest SME IPO in over three months in terms of fundraising size. The last major SME issue of comparable size was True Colors, which raised around ₹128 crore.
The IPO will remain open for subscription until January 9. The basis of allotment is expected to be finalised on January 12, while the company’s shares are scheduled to list on the BSE SME platform on January 14.
Part of the Howrah-based Kankaria Group, Yajur Fibres plans to utilise ₹11.9 crore from the IPO proceeds to construct a 50,000 sq. ft. shed and install additional production capacity of up to four tonnes per day at its existing manufacturing facility in Jagannathpur, Howrah.
The company will also invest ₹48 crore to set up a greenfield manufacturing unit at Vikram Udyogpuri in the Delhi-Mumbai Industrial Corridor (DMIC), Madhya Pradesh, focused on producing 100% wet-spun linen yarn and blended yarn. Another ₹36 crore has been earmarked for working capital requirements, while the remaining funds will be used for general corporate purposes.
On the financial front, Yajur Fibres reported a profit of ₹11.7 crore in FY25, marking a sharp 173.6% jump from ₹4.3 crore in the previous fiscal year. The company’s revenue rose 67% year-on-year to ₹140.8 crore in FY25, compared with ₹84.3 crore a year earlier.
For the eight-month period ended November 2025, Yajur Fibres posted a profit of ₹7.1 crore on revenue of ₹69.4 crore, reflecting continued operational momentum.
Horizon Management is acting as the merchant banker to the Yajur Fibres IPO.
Disclaimer
This article is for informational purposes only and does not constitute investment advice or a recommendation to buy, sell or hold any securities. Investors are advised to consult certified financial advisors and refer to the IPO prospectus before making any investment decisions.
