Yajur Fibres is set to launch its IPO next week in the SME segment. The total IPO size is ₹120.41 crore, and it is a completely fresh issue.
The company will issue 6.9 million new shares through this IPO.
The IPO will be open for subscription from January 7 to January 9, and the shares will be listed on the BSE SME platform.
IPO Price Band and Investment Details
The price band for the Yajur Fibres IPO has been fixed at ₹164 to ₹174 per share.
The lot size is 800 shares, but retail investors must apply for a minimum of 1,600 shares. This means the minimum investment required is ₹2,78,400.
Gray Market Premium (GMP) Status
Currently, the IPO is trading at ₹0 premium in the gray market. According to reports, including one from Investors Gain, the GMP (Gray Market Premium) indicates no expected listing gains at this time.
This has raised some concerns among investors, as a zero GMP usually suggests a muted listing.
About the Company
Yajur Fibres was founded in 1980. The company is involved in the processing and manufacturing of flax, jute, and hemp.
It has a production capacity of 300 metric tons, and its manufacturing unit is located in Bengal.
Use of IPO Proceeds
The company plans to use the IPO funds for:
Construction of a shed at its manufacturing unit in Bengal
Investment in its subsidiaries
Meeting working capital needs
General corporate purposes
Horizon Management Private Limited is the book-running lead manager for the IPO, while MAS Services has been appointed as the registrar.
