The Yajur Fibres SME IPO opened today with a total issue size of ₹120.41 crore. Through this IPO, the company will issue 6.9 million fresh shares.
The entire issue consists only of fresh shares, and no existing shareholders are selling their stake through this IPO.
The IPO will remain open for subscription from January 7 to January 9. After completion, the shares will be listed on the BSE SME platform.
Price Band and Lot Size
The price band for the Yajur Fibres SME IPO has been fixed at ₹168 to ₹174 per share. The company has set a single lot size of 800 shares. However, investors must apply for a minimum of two lots (1,600 shares).
This means the minimum investment required is ₹2,78,400.
Grey Market Premium (GMP) Outlook
The Yajur Fibres IPO is showing strength in the grey market. According to Investors Gain, the IPO opened with a grey market premium of ₹60, which indicates a possible listing gain of 34.48%.
If the positive trend continues, the IPO may list at around ₹234 per share.
IPO Management and Key Intermediaries
Horizon Management Private Limited is the book running lead manager for the IPO.
MAS Services Limited has been appointed as the registrar.
Giriraj Stock Broking Private Limited is acting as the market maker.
Company Background and Operations
Yajur Fibres was established in 1980. The company is involved in processing and manufacturing fine fibers such as flax, jute, and hemp. Its manufacturing facility is located in West Bengal.
The company has a production capacity of 300 metric tons and operates across 19 acres of manufacturing space.
