Yashhtej Industries (India) IPO
smelistedAbout the company
Yashhtej Industries (India) Limited is a Latur-based company in the soybean processing business, manufacturing soybean crude oil and de-oiled cake (DOC) using a solvent extraction process. The company presently has a 300 tonnes per day (TPD) facility and is increasing capacity to 450 TPD, with the expansion expected to be done by February 2026. It supplies regular DOC (44 to 48% protein) as well as custom high-protein DOC (49 to 54%). In FY25, DOC made up 59% of product sales, whereas crude oil made up 41%. The company is having a geographical concentration, with Maharashtra accounting for around 91% of the crude oil sales and 22% of the DOC sales during H1FY26. Sales are conducted through a broker network comprising 10 active brokers as of September 30, 2025, and 52 brokers engaged during FY25. The manufacturing unit lies in Latur and occupies an area of 21,975 sq mtrs on a 95-year lease from the MIDC. Capacity utilisation went up to 78.35% in FY25 from 43.88% in FY24. Procurement of raw material is solely domestic, with soybeans accounting for 92.58% of revenue from operations in FY25. The company plans to continue forward integration by establishing a refining and bottling plant to enter the edible soybean oil market in both B2B and B2C segments. The expansion of the capacity is being financed through a combination of internal accruals and bank loans. Besides this, the company has also ventured into the renewable energy sector. It has been awarded for the development of 5 MW solar photovoltaic projects under the Mukhyamantri Saur Krushi Vahini Yojana 2.0. These projects are expected to generate the first revenue by FY27. The company has already put up a 1,142 kWp solar plant for its own use.
GMP trend (Grey Market Premium by date)
| Date | GMP (₹) | Est. Listing | Change |
|---|---|---|---|
| 24 Feb | ₹0 | ₹110 | 0 |
| 23 Feb | ₹0 | ₹110 | 0 |
| 22 Feb | ₹0 | ₹110 | 0 |
| 21 Feb | ₹0 | ₹110 | 0 |
| 20 Feb | ₹0 | ₹110 | -15 |
| 19 Feb | ₹15 | ₹125 | -8 |
| 18 Feb | ₹23 | ₹133 | +23 |
| 17 Feb | ₹0 | ₹110 | 0 |
Strengths
- Operates in soybean oil processing and related by-products helping serve edible oil and feed markets
- Multiple revenue streams from primary and by-products
- Visible growth in business scale in recent periods
- Relatively conservative leverage profile
- Exposure to essential FMCG-linked segments with steady demand
Risks
- Margins sensitive to fluctuations in raw material and commodity prices
- Dependence on business-to-business customers for a large share of sales
- SME listing may lead to lower liquidity and higher volatility
- Profitability can be vulnerable to input cost changes
- New business segments carry execution and scaling risks
Financial performance (₹ Cr)
IPO Roadmap / Timeline
IPO Opens
Completed18 Feb 2026Bidding starts for all investor categories
IPO Closes
Completed20 Feb 2026Last day to place your bid
Basis of Allotment
Completed23 Feb 2026Share allotment finalised
Refund Initiation
Completed24 Feb 2026Refunds credited for non-allottees
Credit to Demat
Completed24 Feb 2026Allotted shares credited to demat account
Listing on Exchange
Completed25 Feb 2026Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail / Individual | 1 | 1200 | ₹132,000 | 1 | ₹132,000 | 1 lot only |
| HNI | 2 | 2400 | ₹264,000 | 2 | ₹264,000 | Min 2 lots |
Shares reserved per category & allotment probability
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 4,045,455 | 44.5 | 0 | 0.00x | 100% |
| NII | 15% | 1,213,636 | 13.35 | 0 | 0.00x | 100% |
| Retail | 35% | 2,831,818 | 31.15 | 0 | 0.00x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
