The Yajur Fibres SME IPO has opened for subscription today. The total size of this IPO is ₹120.41 crore. Through this public issue, the company is offering 6.9 million fresh equity shares.
This IPO is completely a fresh issue, which means that no existing shareholders are selling their shares in this offering. All the funds raised will go directly to the company.
The IPO will remain open for investors from January 7 to January 9. After the completion of the issue, the shares are expected to be listed on the BSE SME platform.
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Price Band, Lot Size, and Minimum Investment
The price band for the Yajur Fibres SME IPO has been fixed between ₹168 and ₹174 per share. The company has set a lot size of 800 shares.
Retail investors are required to apply for a minimum of two lots, which means a minimum subscription of 1,600 shares.
Based on the upper price band, the minimum investment amount comes to ₹2,78,400. Investors need to consider this amount before applying, as SME IPOs usually require a higher minimum investment compared to mainboard IPOs.
Grey Market Performance Indicates Strong Demand
The Yajur Fibres IPO is witnessing strong interest in the grey market. According to market tracker Investors Gain, the IPO opened with a grey market premium (GMP) of ₹60. This indicates a potential listing gain of around 34.48% over the upper price band.
If the positive sentiment continues until the listing day, the shares could list at around ₹234 per share. However, grey market trends are unofficial and can change quickly depending on market conditions.
IPO Management and Key Intermediaries
For this IPO, Horizon Management Private Limited has been appointed as the Book Running Lead Manager (BRLM). The registrar for the issue is MAS Services Limited, which will handle allotment
and investor-related processes. Giriraj Stock Broking Private Limited has been appointed as the market maker, ensuring liquidity in the shares after listing.
Company Background and Business Overview
Yajur Fibres was established in 1980 and has over four decades of experience in the fibre processing industry. The company is engaged in the processing and manufacturing of fine natural fibres such as flax, jute, and hemp.
Its manufacturing operations are located in West Bengal, where the company operates on a large manufacturing area spread across 19 acres.
Yajur Fibres currently has a production capacity of 300 metric tons, allowing it to cater to both domestic and export markets.
Important Note for Investors
This article is for informational purposes only and does not constitute investment advice. The stock market involves risks,
and SME IPOs can be more volatile than mainboard IPOs. Investors are advised to consult with a certified financial advisor before making any investment decision.