Yajur Fibres Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹174
Per ShareLot Size
800 Shares
Minimum Investment
₹1,39,200
Issue Size
₹120.41 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
69.34%
QIB Quota
0.98%
NII Quota
29.68%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Yajur Fibres Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
100%
Promoter Holding (Post-Issue)
69.49%
Issue Type
Book Building - SME
ISIN
INE0CNJ01010
About the Company
Yajur Fibres Limited operates a bast fibre cottonising unit in India. Situated in Howrah, our Company is a part of the well-recognised conglomerate, The Kankaria Group. The group has rich experience of over 80 years in the Jute Industry. Its group, in the year 2006, acquired the manufacturing operations of cotton and cotton blended yarns into Yajur Bast Fibres Limited (formerly known as M.F.L Corporation Ltd). Subsequently, the company has started manufacturing of premium cottonised bast fibres, including flax (linen), jute, and hemp in the year 2017-18. Yajur Bast Fibres Limited was amalgamated into the Company pursuant to the Scheme of Amalgamation under Section 230 to 232 of the Companies Act, 2013, sanctioned by the National Company Law Tribunal, Kolkata bench, vide order dated January 12, 2023 w.e.f. appointed date of April 1, 2021. The Company specializes in producing premium cottonised bast fibres, including flax (linen), jute, and hemp.
Industry Overview
The bast fibres industry in India plays a pivotal role in the textile and agricultural sectors. Bast fibres, derived from the inner bark of plants, are known for their strength, durability, and versatility. The most common bast fibres in India are jute and hemp, with jute being the most significant. These fibres are used in textiles, packaging, and eco-friendly products. Other examples of bast fibres include flax, used for linen fabric, ramie, which is known for its strength and durability, and kenaf, often used in making paper and bio-composites. Bast fibres are increasingly sought after for their sustainability; they are biodegradable, renewable, and made mostly of cellulose, which makes them an attractive alternative to synthetic materials. The cultivation and extraction of these fibres depend on agricultural practices, ensuring high-quality fibres for modern applications.
Company History
Yajur Fibres Limited (the "Company" or the "Issuer") was incorporated as `Shineup Investments Limited', a public limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated August 07, 1980 issued by the Registrar of Companies, West Bengal. The certificate of commencement of business was issued to the Company on September 15, 1980 by the Registrar of Companies, West Bengal. Subsequently, the name of the Company was changed to `Shineup Fibres Limited' and consequently a fresh certificate of incorporation dated June 18, 1991 was issued by the Assistant Registrar of Companies, West Bengal at Kolkata. Subsequently, pursuant to resolutions passed by its Board of Directors in their meeting held on March 10, 2008 and by its Shareholders in the extra-ordinary general meeting held on March 13, 2008, the name of the Company was changed to `Ambica Capital Ventures Limited' and a fresh certificate of incorporation dated April 24, 2008 was issued by the Registrar of Companies, West Bengal at Kolkata. Subsequently, pursuant to resolutions passed by its Board of Directors in their meeting held on December 30, 2020 and by our Shareholders in the extra-ordinary general meeting held on January 29, 2021 the name of the Company was changed to `Yajur Fibres Limited' and a fresh certificate of incorporation dated March 11, 2021 was issued by the Registrar of Companies, West Bengal at Kolkata.
Products & Services
- Yajur Fibres Limited operates a bast fibre cottonising unit in India.
Growth Strategy
- Setting up of 100% wet spun linen yarn and blended yarn manufacturing unit.
- Investing in capacity expansion and setting up of dyeing and bleaching section in next financial year.
- Market Penetration and Geographic Expansion.
- Leverage its position as manufacturer of premium cottonised bast fibres, including flax (linen), jute, and hemp.
- Focus on its Quality Control.
- Growing its business with existing clients and adding new customers.
- Reduction of operational costs and achieving efficiency.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of up to 69,20,000 equity shares of face value of Rs.10/- each ("Equity Shares") of the company at an issue price of Rs.174 per equity share (including a share premium of Rs.164 per equity share) for cash, aggregating up to Rs.120.41 crores ("Public Issue") out of which 3,46,400 equity shares of face value of Rs. 10/- each, at an issue price of Rs.174 per equity share for cash, aggregating Rs. 6.03 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 65,73,600 equity shares of face value of Rs. 10/- each, at an issue price of Rs.174 per equity share for cash, aggregating up to Rs.114.38 crores is hereinafter referred to as the "Net Issue". The public issue and net issue will constitute 30.51% and 28.98% respectively of the post-issue paid-up equity share capital of the company. Price Band: Rs. 174 per equity share of face value Rs. 10/- each. The floor price is 17.4 times of the face value of the equity shares. Bids can be made for a minimum of 1600 equity shares and in multiples of 800 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- One of the prominent manufacturers of premium cottonised bast fibre.
- Geographical presence and strategic location of its manufacturing unit.
- Quality Assurance and Quality Control of its products.
- Strong, cordial & long-term relationship with its customers.
- Cost effective production and timely fulfilment of orders.
- There is an investigation was initiated by Central Bureau of Investigation ("CBI") and Charge sheet was filed in Special (CBI) Court No. 2, Bichar Bhawan, Calcutta by CBI against six persons, including the Company alleging wrongful disbursement of subsidy. In respect of the same matter a money suit was filed by National Jute Board before the City Civil Court at Calcutta against the Company, which was disposed off as on date. Any adverse outcome of the same may adversely affect its business and results of operations.
- The company's Statutory Auditor has reported qualifications, in the audit report issued for the Financial Years ended March 31, 2024 and March 31, 2023.
- The company derives a substantial portion of its revenue from the sale of Cottonised Flax and loss of sales due to reduction in demand for such products would have a material adverse effect on the company's business, financial condition, results of operations and cash flows.
- There are outstanding litigations involving the Company which, if determined adversely, may adversely affect its business and financial condition.
- Certain of the company's corporate records and filings made by it are not traceable. The company cannot assure you that legal proceedings or regulatory actions will not be initiated against it in the future, or that the company will not be subject to any penalty imposed by the competent regulatory authority, should any discrepancies arise in such untraceable filings.