IPO Details
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Schedule of Yajur Fibres IPO
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End date
Allotment of bids
Refund Initiation
Listing on exchange
About Yajur Fibres IPO
The 100% book-built issue comprises only a fresh issue of up to 70,00,000 equity shares. It has no offer for sale.
Objectives of Yajur Fibres IPO
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Setting up of 50,000 sq.ft. of shed in the existing manufacturing unit and purchase of dyeing and bleaching processing machinery and installation of additional production capacity of up to 4 tons per day at its existing manufacturing unit at Jagannathpur, Phuleshwar, Uluberia, District Howrah.
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Investment in its subsidiary Yashodha Linen Yarn Limited for setting up a greenfield unit at Vikram Udyogpuri, DMIC (Industrial Park, Ujjain, Madhya Pradesh) for 100% wet spun linen yarn and blended yarn.
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Funding of working capital requirements of the company.
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General corporate purposes.
Yajur Fibres IPO Valuation
Industry Outlook
By 2030, the global market for bast fibres (across textiles, composites, and biodegradable plastics) is expected to reach $12-15 billion USD, and India, with its strong agricultural base and expanding industrial capacity, stands to capture a large portion of this growth. The bast fibre industry is experiencing some exciting innovations, especially in areas such as processing techniques and new product development.
Company Information
Yajur Fibres Ltd is one of the leading bast fibre cottonising units in India. Situated in Howrah, the 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.
The company specialises in producing premium cottonised bast fibres, including flax (linen), jute, and hemp. It cottonises long and brittle bast fibres into cotton like short staple fibre such that the cottonised fibres can easily blend up to 55% with cotton and man-made fibres in the existing cotton spinning system or similar.
Yajur Fibres Strengths
One of the prominent manufacturers of premium cottonised bast fibre
The company is well known through its brand named ― ‘Yajur’ ― in the premium cottonised bast fibres, including flax (linen), jute, and hemp. The brand and the company‘s experience has helped it to earn the trust and goodwill of its customers. It currently manufactures premium cottonised bast fibres, including flax (linen), jute, and hemp for Indian and overseas markets.
Geographical presence
With the help of its long-standing market presence, commitment towards quality cottonised flax fibres, manufacturing facility, quality control and sustainable practices, the company has been able to create a presence in the geographies it operates, thereby catering to various esteemed customers. It offers its products across multiple geographies. Its manufacturing unit is strategically located at Howrah, West Bengal, which is a jute hub of India. It also has its corporate office located at Bally, Howrah, from where it operates.
Quality assurance and quality control of its products
The company’s domestic and international customers demand rigorous quality checks at various stages before dispatch, and it has established dedicated quality assurance and control teams to meet these demands. It employs experienced quality control professionals in its manufacturing and quality control process to ensure its product undergoes meticulous inspections to prevent rejections and maintain the highest quality standard as specified by their customers.
Risks of Yajur Fibres IPO
- Revenue concentration in cottonised flax products
Yajur 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 its business, financial condition, results of operations and cash flows.
- Increased operational risk
The company’s expansion into new product categories and an increase in the number of products offered by it may expose it to new challenges and more risks.
- Dependence on few customers
The company depends on a few customers of its products, for a significant portion of its revenue, and any decrease in revenues or sales from any one of its key customers may adversely affect its business and results of operations.
All Financial Information about Yajur Fibres
Particulars (in Rs. crores)
Particulars (in Rs. crores)
Peer Comparison
There are no listed companies in India that are comparable in all aspects of business and products that Yajur offers. Accordingly, it is not possible to provide an industry comparison in relation to the company.
Anchor Investor Bidding Date TBA
IPO Registrar and Book Running Lead Manager
- IPO Registrar: MAS Services Ltd
- Book Running Lead Manager: Horizon Management Private Ltd
Business Model
Yajur Fibres Ltd has a B2B business model, and it currently manufacture premium cottonised bast fibres, including flax (linen), jute, and hemp. Its product portfolio includes:
- Flax Yarn
- Jute Yarn
- Cottonised Flax Fibre
- Cottonised Jute Fibre
- Cottonised Hemp Fibre
Company Growth Trajectory
The company’s revenue from operations jumped from ₹41.9599 crore in FY 22 to ₹84.3195 crore in FY 24. Its EBITDA jumped from ₹4.93 crore in FY 22 to ₹8.0111 crore in FY 24.
Market Position
One of the leading bast fibre cottonising units in India, Yajur Fibres Ltd is a part of the Kankaria Group. The company’s cottonised flax fibres are known for their softness, cleanliness, and consistency. The fibres have high fibre length uniformity given that natural bast fibres can be as long as 10 ft. and negligible trash, providing high yield when blended with other natural or manmade fibres. The company also exports its products internationally to countries like Turkey, Egypt, Australia, Italy, Japan and the USA.
Yajur Fibres Profit and Loss
| Parameter | FY 24 | FY 23 | FY 22 |
|---|---|---|---|
Total Income (in ₹ crores) | 84.8458 | 61.8355 | 41.9779 |
Profit Before Tax (in ₹ crores) | 4.4738 | 3.7998 | 2.6011 |
Profit After Tax (in ₹ crores) | 4.2679 | 3.5512 | 0.1718 |
EPS in ₹ | 9.51 | 14.37 | 0.70 |
EBITDA | 8.0111 | 6.6768 | 4.39 |
Yajur Fibres Balance Sheet
| Parameter | FY 24 | FY 23 | FY 22 |
|---|---|---|---|
Profit Before Tax (in ₹ crores) | 4.4738 | 3.7998 | 2.6011 |
Net Cash Flow Generated From / (Utilised in) Operating Activities (in ₹crores) | 10.7352 | (2.9288) | (10.2210) |
Net Cash Flow Generated From / (Utilised in) Investing Activities (in ₹crores) | 0.9038 | (12.6996) | (25.7629) |
Net Cash Flow Generated From / (Utilised in) Financing Activities (in ₹crores) | (11.3259) | 16.0729 | 35.9545 |
Cash and Cash Equivalents at the End of the Period (in ₹crores) | 0.8235 | 0.5102 | 0.0657 |
How to Check Allotment Status of Yajur Fibres IPO?
1. Visit the Registrar’s Website
Visit the official website of MAS Services Ltd and click on ‘IPO Allotment Status’ on the left. Click on the name of the company and enter either your PAN or DP_ID/Client_ID to know the status.
2. Check on the Bombay Stock Exchange Website
The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to www.bseindia.com and find the 'Investor Services' tab. Under 'Investors Services', click on 'Status of Issue Application'. This will take you to the IPO allotment status page. On the BSE IPO page, follow these steps:
- Choose the Issue Type
- Select the Issue Name from dropdown
- Put in either your application number or PAN number
- Check the box ‘I’m not a robot’
- Click on ‘Search’ to know allotment status
How to Apply for Yajur Fibres IPO?
- Log in to your Kotak Securities Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
- Specify IPO details - Enter the number of lots and the price you wish to apply for.
- Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
- Mandate Notification - Your UPI app will receive a mandate notification to block funds.
- Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.
Yajur Fibres IPO FAQs
Where can I read more about Yajur Fibres business?
You can read more about Yajur Fibres and its IPO from the company’s red herring prospectus (RHP) here.
What is the Yajur Fibres Ltd IPO?
The IPO of Yajur Fibres Ltd consists of a fresh issue of up to 70,00,000 equity shares with no offer for sale.
When will the IPO of Yajur Fibres Ltd go live?
The exact dates of the IPO are yet to be announced.
Who is the MD of Yajur Fibres Ltd?
Ashish Kankaria is the MD of Yajur Fibres Ltd.
From where can I read more about Yajur Fibres Ltd and its IPO?
You can read more about Yajur Fibres Ltd and its IPO from the company’s draft red herring prospectus here.
