Yajur Fibres Ltd IPO
Status: Closed
Overview
IPO date
07 Jan 2026 to 09 Jan 2026
Face value
₹ 0 per share
Price
₹ 168 to ₹174 per share
Issue Size
6,920,000 shares
(aggregating up to ₹ 120.41 Cr)
(aggregating up to ₹ 120.41 Cr)
Allotment Date
12 Jan 2026
Listing at
NSE
Issue type
Book Building - SME
Sector
Textiles
Objectives of Yajur Fibres Ltd IPO
Yajur Fibres Ltd IPO Strategy
About Yajur Fibres Ltd
Unlock Stock of the Month
T&C*
Strengths vs Risks of Yajur Fibres Ltd
Know the pros & cons
Strengths
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.
- Well experienced management team with proven project management and implementation skills.
Risks
- 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.
- 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.
- The company depends on a few customers of its products, for a significant portion of the company's revenue, and any
decrease in revenues or sales from any one of the company keys customers may adversely affect its business and
results of operations.
- The Company has negative cash flows in the past years, details of which are given below. Sustained
negative cash flow could impact its growth and business.
- A significant portion of the company's revenue from operations from repeat orders of its customers. Any loss of,
or a significant reduction in the repeat orders received by it could adversely affect the company's business, results
of operations, financial condition and cash flows.
- the company highly depend on its raw materials and a few key suppliers who help it procure the same. In the
event the company is unable to procure adequate amounts of raw materials, at competitive prices its business,
results of operations and financial condition may be adversely affected.
- The commercial success of the company's products depends to a large extent on the success of the products of its
end use customers. If the demand for the end use products in which the company's products are used as a raw
materials declines, it could have a material adverse effect on its business, financial condition and
results of operations.
- The company's business is subject to seasonal variations that could result in fluctuations in its results of
operations.
- Under-utilization of its manufacturing capacities may have an adverse effect on the company's business, future
prospects and future financial performance.
- The company cannot assure you that the proposed manufacturing unit which is proposed to be funded from the
Net Proceeds will become operational as scheduled, or at all, or operate as efficiently as planned. If the company
is unable to commission the company's new manufacturing unit in a timely manner or without cost overruns, it
may adversely affect its business, results of operations and financial condition.
- Yashoda Linen Yarn Limited, the company's subsidiary company, had negative cash flows and losses in the past
years, details of which are given below. Sustained negative cash flow could impact its growth and
business.
- The company does not own certain premises used by the Company. Disruption of its rights as licensee/ lessee or
termination of the agreements with the company's licensors/ lessors would adversely impact its operations and,
consequently, the company's business.
- The company's promoter companies had negative cash flows and losses in the past years, details of which are given
below. Sustained negative cash flow could impact its growth and business.
- The company's continued operations are critical to its business and any shutdown of the company's manufacturing unit may
adversely affect its business, results of operations and financial condition.
- The company's inability to effectively manage its growth or to successfully implement its business plan and
growth strategy could adversely affect the company's business, results of operations and financial condition.
- The company generates its major portion of sales from its operations in certain geographical regions. Any
adverse developments affecting the company's operations in these regions could have an adverse impact on its
revenue and results of operations.
- As on date the company's Subsidiary has not obtained some of the approvals, clearances and permissions as may
be required from the relevant authorities for the Proposed Facility. In the event its Subsidiary is unable
to obtain such approvals and permits, the company's business, results of operations, cash flows and financial
condition could be adversely affected.
- The company has certain contingent liabilities and its financial condition and profitability may be adversely
affected if any of these contingent liabilities materialize.
- Some of the raw materials that the company use are inflammable in nature. While the company takes adequate care and
follow all relevant safety measures, there is a risk of fire and other accidents, at the company's manufacturing unit
and warehouses. Any accidents is likely to result in loss of property of the Company and/or disruption
in the manufacturing processes which may have a material adverse effect on its results of operations,
cash flows and financial condition.
- Any failures in the company's quality control processes may adversely affect its business, results of operations and
financial condition. The company may face product liability claims and legal proceedings if the quality of its
products does not meet the company's customers' expectations.
- The Company requires significant amount of working capital for a continuing growth. The company's inability to
meet its working capital requirements may adversely affect the company's results of operations.
- In the event the company's marketing initiatives do not yield intended results its business and results of
operations may be adversely affected.
- Any delays and/or defaults in customer payments could result in increase of working capital investment
and/or reduction of the Company's profits, thereby affecting its operation and financial condition.
- The Company has applied for registration of certain trademarks in its name. Until such registrations
are granted, the Company may not be able to prevent unauthorised use of such trademarks by third
parties, which may lead to the dilution of its goodwill.
- The company is dependents on information technology systems in carrying out the company's business activities and it forms
an integral part of its business. Further, if the company is unable to adapt to technological changes and
successfully implement new technologies or if the company faces failures of its information technology systems, the company
may not be able to compete effectively which may result in higher costs and would adversely affect its
business and results of operations.
- The Company has issued Equity Shares in the last one year at a price which may be lower that the Issue
Price.
- The company's manufacturing unit, Registered Officer and Corporate Office are currently located in one
geographical area. The loss of, or shutdown of or disruption in operations of its offices and unit will
adversely affect the company's business, financial condition and results of operations.
- The company may be unable to grow its business in additional geographic regions or international markets,
which may adversely affect its business prospects and results of operations.
- The company cannot assure that the company may be able to utilize our Proposed Facility to its full capacity or up to an
optimum capacity, and non-utilisation of the same may lead to loss of profits or can result in losses, and
may adversely affect its business, results of operations and financial condition.
- There can be no assurance that the objects of the Issue will be achieved within the time frame
anticipated or at all, or that the deployment of the Net Proceeds in the manner intended by it will result
in any increase in the value of your investment.
- Any variation in the utilization of the Net Proceeds as disclosed in this Red Herring Prospectus shall be
subject to certain compliance requirements, including prior approval of the shareholders of the
Company.
- The company's funding requirements and proposed deployment of the Net Proceeds of the Issue have not been
appraised by a bank or a financial institution and if there are any delays or cost overruns, the company's business,
cash flows, financial condition and results of operations may be adversely affected.
- The company intend to utilise a portion of the Net Proceeds for funding its capital expenditure requirements of
the Company and of its Subsidiary. The company is yet to place some of the orders for such capital expenditure
machinery and vehicles.
- If the company is not able to obtain, renew or maintain the company's statutory and regulatory licenses, registrations and
approvals required to operate its business, it may have a material adverse effect on the company's business,
results of operations and financial condition.
- The company dependents on third party transportation providers for delivery of raw materials to it from the company's
suppliers and delivery of its finished products to the company's customers. The company has not entered into any formal
contracts with its transport providers and any failures on part of such service providers to meet their
obligations could adversely affect its business, financial condition and results of operation.
- If the company is unable to identify customer demand accurately and maintain an optimal level of inventory
proportionately, the company's business, results of operations and financial condition may be adversely affected.
- The company has significant power requirements for continuous running of its manufacturing unit. Any
disruption to the company's operations on account of interruption in power supply or any irregular or significant
hike in power tariffs may have an effect on its business, results of operations and financial condition.
- The Company has availed unsecured loans, which are recallable in nature.
- The company is subject to risks associated with rejection of its products consequential to defects, which could
generate adverse publicity or adversely affect the company's business, results of operations or financial condition.
- Any disruption to the steady and regular supply of workforce for its operations, including due to
strikes, work stoppages or increased wage demands by the company's workforce or any other kind of disputes with
its workforce or the company's inability to control the composition and cost of its workforce could adversely
affect the company's business, cash flows and results of operations.
- The company's industry is competitive and its inability to compete effectively may adversely affect the company's business,
results of operations, financial condition and cash flows.
- The company's Promoters, Directors and Key Managerial Personnel have interests in the Company other than
reimbursement of expenses incurred or normal remuneration or benefits.
- The company's Promoters and members of the Promoter Group have significant control over the Company and
have the ability to direct its business and affairs; their interests may conflict with your interests as a
shareholder.
- The average cost of acquisition of Equity Shares held by the company's Promoters could be lower than the Issue
Price.
- The company's future fund requirements, in the form of further issue of capital or securities and/or loans taken by
it, may be prejudicial to the interest of the Shareholders depending upon the terms on which they are
eventually raised.
- The company has in past entered into related party transactions and the company may continue to do so in the future.
- Members of its Promoter Group have extended personal guarantees with respect to various loan
facilities availed by the Company. Revocation of any or all of these personal guarantees may adversely
affect the company's business operations and financial condition.
- The company's agreements with lenders for financial arrangements contain restrictive covenants for certain
activities and if the company is unable to get their approval, it might restrict its scope of activities and impede
the company's growth plans.
- In addition to the company's existing indebtedness for its existing operations, the company's may incur further indebtedness
during the course of business.The company cannot assure that the company would be able to service its existing and/ or
additional indebtedness.
- Any conflict of interest which may occur between the company's business and any other similar business activities
pursued by its Promoters could have a material adverse effect on the company's business and results of
operations.
- The company has not made any alternate arrangements for meeting its capital requirements for the Objects of
the Issue. Further, we have not identified any alternate source of financing the `Objects of the Issue'.
Any shortfall in raising / meeting the same could adversely affect the company's growth plans, operations and
financial performance.
- The company's success largely depends upon the knowledge and experience of its Promoters, Directors, and the company's
Key Managerial Personnel. Loss of any of its Directors and key managerial personnel or the company's ability to
attract and retain them could adversely affect its business, operations and financial condition.
- The company may face difficulties in implementing the company's strategies including its expansion and diversification
plans of entering new geographical areas, development and commercialization of new products.
- Any variation in the utilisation of the Net Proceeds or in the terms of any contract as disclosed in the
Red Herring Prospectus would be subject to certain compliance requirements, including prior
shareholders' approval.
- The company's inability to procure and/or maintain adequate insurance cover in connection with its business may
adversely affect the company's operations and profitability.
- The company's ability to pay dividends in the future may be affected by any material adverse effect on its future
earnings, financial condition or cash flows.
- The company has not independently verified industry related data in this Red Herring Prospectus.
- Increased losses due to fraud, employee negligence, theft or similar incidents may have an adverse impact on it.
- The requirements of being a listed company may strain the company's resources.
- The Equity Shares have never been publicly traded and the Issue may not result in an active or liquid
market for the Equity Shares.
- There is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the SME
Platform of BSE Limited in a timely manner or at all.
- There is no existing market for our Equity Shares, and the company does not know if one will develop to provide
you with adequate liquidity. Further, an active trading market for the Equity Shares may not develop
and the price of the Equity Shares may be volatile.
- The price of the Equity Shares may be highly volatile after the Issue.
- You will not be able to sell immediately on the Stock Exchanges any of the Equity Shares you purchase
in the Issue.
- There are restrictions on daily movements in the trading price of the Equity Shares, which may
adversely affect a shareholder's ability to sell Equity Shares or the price at which Equity Shares can be
sold at a particular point in time.
- The price of the Equity Shares may be volatile, which could result in substantial losses for investors
acquiring the Equity Shares in the Issue.
- Any future issuance of Equity Shares, or convertible securities or other equity-linked securities by the
Company may dilute your shareholding and any sale of Equity Shares by its Promoter or members of
the company's Promoter Group may adversely affect the trading price of the Equity Shares.
- Sale of Equity Shares by the company's Promoter or other significant shareholder(s) may adversely affect the
trading price of the Equity Shares.
- Rights of shareholders under Indian laws may be more limited than under the laws of other
jurisdictions.
How to check the allotment status of Yajur Fibres Ltd IPO?
Follow the steps
Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
Select company from dropdown menu.
Enter details- PAN, Application number or DP client ID
Get your allotment status
Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
IPO reads
Stay updated with the latest IPO developments
February 27, 2025 | 5 min read
₹50.11 Cr Balaji Phosphates IPO Opens Feb 28. Issue Details and SWOT Analysis
February 25, 2025 | 5 min read
Tata Capital Board Approves ₹15,000 Cr Plus Mega IPO; Tata Investment Shares Soar 8%
February 18, 2025 | 5 min read
Busy Week Ahead: 2 SME IPOs and 9 Market Listings – Get the Complete Details Here
October 25, 2024 | 5 min read
Waaree Energies IPO: GMP Soars 106% Amid 76.34x Subscription – Check Your Allotment Status!
October 22, 2024 | 5 min read
Upcoming IPOs: 9 Public Issues Set to Raise ₹10,984.8 Cr – Key Insights Inside!
October 17, 2024 | 5 min read
Hyundai IPO Hits a Speed Bump With 42% Subscription On Day 2 : 4 Reasons Why
September 6, 2024 | 5 min read
Bajaj Housing Finance IPO: All You Need to KnowOctober 17, 2024 | 5 min read
Hyundai IPO Hits a Speed Bump With 42% Subscription On Day 2 : 4 Reasons Why
August 26, 2024 | 5 min read
Premier Energies IPO: Key Details Ahead of the ₹2,830.40 Cr Issue LaunchMore on IPOs
Navigate your way to other IPO resources
Latest videos on IPOs
IPO highlights & details!
FAQs on IPO
Get answers to all your questions here!
The IPO opens on 07 Jan 2026 & closes on 09 Jan 2026.
Yajur Fibres Limited was incorporated as Shineup Investments Limited', a public limited company, dated August 07,1980. The certificate of commencement of business was issued to Company on September 15, 1980 by the Registrar of Companies, West Bengal. The name of the Company was changed to Shineup Fibres Limited' and fresh certificate of incorporation dated June 18, 1991 was issued by Assistant Registrar of Companies, West Bengal at Kolkata. Subsequently, name of the Company was changed to Ambica Capital Ventures Limited' dated April 24, 2008 and further 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.
The Company is one of the leading bast fibre cottonising unit in India. Situated in Howrah, Company is a part of well-recognised conglomerate, The Kankaria Group, having experience in Jute Industry. The Company in year 2006, acquired its manufacturing operations of cotton and cotton blended yarns into Yajur Bast Fibres Limited (formerly known as M.F.L Corporation Ltd), and subsequently, started manufacturing of premium cottonised bast fibres, including flax (linen), jute, and hemp in 2017-18.
In 2023, the manufacturing operations of Yajur Bast Fibres Limited was transferred to the Company through the Scheme of Amalgamation effective from 1 April, 2021 and the said Scheme was given effect from 12 January, 2023. Thereafter, in 2024-25, Company acquired 80% stake in Yashoda Linen Yarn Limited on January 30, 2025, thereby making it the Subsidiary of the Company.
With a rich history spanning over two decades in jute fibre and yarn industry, Company has emerged as a prominent force. It specialize in producing premium cottonised bast fibres, including flax (linen), jute, and hemp. It works a capacity of over 300 MT per month of Cottonised Fiber, Flax Yarn and Jute yarn and is known for extensive experience and innovation in bast fibres, which has made it the preferred choice for many top spinning & weaving mills in India, Turkey, Indonesia, Nepal and Bangladesh. Company's cottonised flax fibres are known for their softness, cleanliness, and consistency. The manufacturing unit is situated at Jagannathpur, in Howrah district of West Bengal.
The Company is planning the public issue of 70,00,000 Equity Shares of Rs 10/- each through Fresh Issue.
Yajur Fibres Ltd IPO will close on 09 Jan 2026.
- 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.
- Well experienced management team with proven project management and implementation skills.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Ashish Kankaria | 4610734 | 29.25 | 4610734 | 20.33 |
| 2 | Shruti A Kankaria | --- | --- | --- | --- |
| 3 | Ambica Capital Markets Ltd | 3243600 | 20.58 | 3243600 | 14.3 |
| 4 | Gold View Financial services L | 5832023 | 37 | 5832023 | 25.71 |
| 5 | Aswanti Kumar Kankaria HUF | 374113 | 2.37 | 374113 | 1.65 |
| 6 | Score Information Technologies | 193120 | 1.23 | 193120 | 0.85 |
| 7 | Chandra Udyog (Yogesh Kr. Kank | 61200 | 0.39 | 61200 | 0.27 |
| 8 | AKK Vinimay Pvt. Ltd. | 212129 | 1.35 | 212129 | 0.94 |
| 9 | Aryaman Marketing Pvt. Ltd. | 212129 | 1.35 | 212129 | 0.94 |
| 10 | Panchjanya Distributors Pvt. L | 222700 | 1.41 | 222700 | 0.98 |
| 11 | Aadhunik Real Eatate Pvt. Ltd. | 11050 | 0.07 | 11050 | 0.05 |
| 12 | Auckland Services & Securities | 27625 | 0.18 | 27625 | 0.12 |
| 13 | Poonam Carpets & Mattings Ltd. | 38675 | 0.25 | 38675 | 0.17 |
| 14 | CCL Industries & Securities L | 88400 | 0.56 | 88400 | 0.39 |
| 15 | Alexendra Jute Mills Pvt. Ltd. | 447525 | 2.84 | 447525 | 1.97 |
| 16 | Abhishek Carpets & Felts Ltd. | 187850 | 1.19 | 187850 | 0.83 |
- 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.
- 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.
- The company depends on a few customers of its products, for a significant portion of the company's revenue, and any decrease in revenues or sales from any one of the company keys customers may adversely affect its business and results of operations.
- The Company has negative cash flows in the past years, details of which are given below. Sustained negative cash flow could impact its growth and business.
- A significant portion of the company's revenue from operations from repeat orders of its customers. Any loss of, or a significant reduction in the repeat orders received by it could adversely affect the company's business, results of operations, financial condition and cash flows.
- the company highly depend on its raw materials and a few key suppliers who help it procure the same. In the event the company is unable to procure adequate amounts of raw materials, at competitive prices its business, results of operations and financial condition may be adversely affected.
- The commercial success of the company's products depends to a large extent on the success of the products of its end use customers. If the demand for the end use products in which the company's products are used as a raw materials declines, it could have a material adverse effect on its business, financial condition and results of operations.
- The company's business is subject to seasonal variations that could result in fluctuations in its results of operations.
- Under-utilization of its manufacturing capacities may have an adverse effect on the company's business, future prospects and future financial performance.
- The company cannot assure you that the proposed manufacturing unit which is proposed to be funded from the Net Proceeds will become operational as scheduled, or at all, or operate as efficiently as planned. If the company is unable to commission the company's new manufacturing unit in a timely manner or without cost overruns, it may adversely affect its business, results of operations and financial condition.
- Yashoda Linen Yarn Limited, the company's subsidiary company, had negative cash flows and losses in the past years, details of which are given below. Sustained negative cash flow could impact its growth and business.
- The company does not own certain premises used by the Company. Disruption of its rights as licensee/ lessee or termination of the agreements with the company's licensors/ lessors would adversely impact its operations and, consequently, the company's business.
- The company's promoter companies had negative cash flows and losses in the past years, details of which are given below. Sustained negative cash flow could impact its growth and business.
- The company's continued operations are critical to its business and any shutdown of the company's manufacturing unit may adversely affect its business, results of operations and financial condition.
- The company's inability to effectively manage its growth or to successfully implement its business plan and growth strategy could adversely affect the company's business, results of operations and financial condition.
- The company generates its major portion of sales from its operations in certain geographical regions. Any adverse developments affecting the company's operations in these regions could have an adverse impact on its revenue and results of operations.
- As on date the company's Subsidiary has not obtained some of the approvals, clearances and permissions as may be required from the relevant authorities for the Proposed Facility. In the event its Subsidiary is unable to obtain such approvals and permits, the company's business, results of operations, cash flows and financial condition could be adversely affected.
- The company has certain contingent liabilities and its financial condition and profitability may be adversely affected if any of these contingent liabilities materialize.
- Some of the raw materials that the company use are inflammable in nature. While the company takes adequate care and follow all relevant safety measures, there is a risk of fire and other accidents, at the company's manufacturing unit and warehouses. Any accidents is likely to result in loss of property of the Company and/or disruption in the manufacturing processes which may have a material adverse effect on its results of operations, cash flows and financial condition.
- Any failures in the company's quality control processes may adversely affect its business, results of operations and financial condition. The company may face product liability claims and legal proceedings if the quality of its products does not meet the company's customers' expectations.
- The Company requires significant amount of working capital for a continuing growth. The company's inability to meet its working capital requirements may adversely affect the company's results of operations.
- In the event the company's marketing initiatives do not yield intended results its business and results of operations may be adversely affected.
- Any delays and/or defaults in customer payments could result in increase of working capital investment and/or reduction of the Company's profits, thereby affecting its operation and financial condition.
- The Company has applied for registration of certain trademarks in its name. Until such registrations are granted, the Company may not be able to prevent unauthorised use of such trademarks by third parties, which may lead to the dilution of its goodwill.
- The company is dependents on information technology systems in carrying out the company's business activities and it forms an integral part of its business. Further, if the company is unable to adapt to technological changes and successfully implement new technologies or if the company faces failures of its information technology systems, the company may not be able to compete effectively which may result in higher costs and would adversely affect its business and results of operations.
- The Company has issued Equity Shares in the last one year at a price which may be lower that the Issue Price.
- The company's manufacturing unit, Registered Officer and Corporate Office are currently located in one geographical area. The loss of, or shutdown of or disruption in operations of its offices and unit will adversely affect the company's business, financial condition and results of operations.
- The company may be unable to grow its business in additional geographic regions or international markets, which may adversely affect its business prospects and results of operations.
- The company cannot assure that the company may be able to utilize our Proposed Facility to its full capacity or up to an optimum capacity, and non-utilisation of the same may lead to loss of profits or can result in losses, and may adversely affect its business, results of operations and financial condition.
- There can be no assurance that the objects of the Issue will be achieved within the time frame anticipated or at all, or that the deployment of the Net Proceeds in the manner intended by it will result in any increase in the value of your investment.
- Any variation in the utilization of the Net Proceeds as disclosed in this Red Herring Prospectus shall be subject to certain compliance requirements, including prior approval of the shareholders of the Company.
- The company's funding requirements and proposed deployment of the Net Proceeds of the Issue have not been appraised by a bank or a financial institution and if there are any delays or cost overruns, the company's business, cash flows, financial condition and results of operations may be adversely affected.
- The company intend to utilise a portion of the Net Proceeds for funding its capital expenditure requirements of the Company and of its Subsidiary. The company is yet to place some of the orders for such capital expenditure machinery and vehicles.
- If the company is not able to obtain, renew or maintain the company's statutory and regulatory licenses, registrations and approvals required to operate its business, it may have a material adverse effect on the company's business, results of operations and financial condition.
- The company dependents on third party transportation providers for delivery of raw materials to it from the company's suppliers and delivery of its finished products to the company's customers. The company has not entered into any formal contracts with its transport providers and any failures on part of such service providers to meet their obligations could adversely affect its business, financial condition and results of operation.
- If the company is unable to identify customer demand accurately and maintain an optimal level of inventory proportionately, the company's business, results of operations and financial condition may be adversely affected.
- The company has significant power requirements for continuous running of its manufacturing unit. Any disruption to the company's operations on account of interruption in power supply or any irregular or significant hike in power tariffs may have an effect on its business, results of operations and financial condition.
- The Company has availed unsecured loans, which are recallable in nature.
- The company is subject to risks associated with rejection of its products consequential to defects, which could generate adverse publicity or adversely affect the company's business, results of operations or financial condition.
- Any disruption to the steady and regular supply of workforce for its operations, including due to strikes, work stoppages or increased wage demands by the company's workforce or any other kind of disputes with its workforce or the company's inability to control the composition and cost of its workforce could adversely affect the company's business, cash flows and results of operations.
- The company's industry is competitive and its inability to compete effectively may adversely affect the company's business, results of operations, financial condition and cash flows.
- The company's Promoters, Directors and Key Managerial Personnel have interests in the Company other than reimbursement of expenses incurred or normal remuneration or benefits.
- The company's Promoters and members of the Promoter Group have significant control over the Company and have the ability to direct its business and affairs; their interests may conflict with your interests as a shareholder.
- The average cost of acquisition of Equity Shares held by the company's Promoters could be lower than the Issue Price.
- The company's future fund requirements, in the form of further issue of capital or securities and/or loans taken by it, may be prejudicial to the interest of the Shareholders depending upon the terms on which they are eventually raised.
- The company has in past entered into related party transactions and the company may continue to do so in the future.
- Members of its Promoter Group have extended personal guarantees with respect to various loan facilities availed by the Company. Revocation of any or all of these personal guarantees may adversely affect the company's business operations and financial condition.
- The company's agreements with lenders for financial arrangements contain restrictive covenants for certain activities and if the company is unable to get their approval, it might restrict its scope of activities and impede the company's growth plans.
- In addition to the company's existing indebtedness for its existing operations, the company's may incur further indebtedness during the course of business.The company cannot assure that the company would be able to service its existing and/ or additional indebtedness.
- Any conflict of interest which may occur between the company's business and any other similar business activities pursued by its Promoters could have a material adverse effect on the company's business and results of operations.
- The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the Issue. Further, we have not identified any alternate source of financing the `Objects of the Issue'. Any shortfall in raising / meeting the same could adversely affect the company's growth plans, operations and financial performance.
- The company's success largely depends upon the knowledge and experience of its Promoters, Directors, and the company's Key Managerial Personnel. Loss of any of its Directors and key managerial personnel or the company's ability to attract and retain them could adversely affect its business, operations and financial condition.
- The company may face difficulties in implementing the company's strategies including its expansion and diversification plans of entering new geographical areas, development and commercialization of new products.
- Any variation in the utilisation of the Net Proceeds or in the terms of any contract as disclosed in the Red Herring Prospectus would be subject to certain compliance requirements, including prior shareholders' approval.
- The company's inability to procure and/or maintain adequate insurance cover in connection with its business may adversely affect the company's operations and profitability.
- The company's ability to pay dividends in the future may be affected by any material adverse effect on its future earnings, financial condition or cash flows.
- The company has not independently verified industry related data in this Red Herring Prospectus.
- Increased losses due to fraud, employee negligence, theft or similar incidents may have an adverse impact on it.
- The requirements of being a listed company may strain the company's resources.
- The Equity Shares have never been publicly traded and the Issue may not result in an active or liquid market for the Equity Shares.
- There is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the SME Platform of BSE Limited in a timely manner or at all.
- There is no existing market for our Equity Shares, and the company does not know if one will develop to provide you with adequate liquidity. Further, an active trading market for the Equity Shares may not develop and the price of the Equity Shares may be volatile.
- The price of the Equity Shares may be highly volatile after the Issue.
- You will not be able to sell immediately on the Stock Exchanges any of the Equity Shares you purchase in the Issue.
- There are restrictions on daily movements in the trading price of the Equity Shares, which may adversely affect a shareholder's ability to sell Equity Shares or the price at which Equity Shares can be sold at a particular point in time.
- The price of the Equity Shares may be volatile, which could result in substantial losses for investors acquiring the Equity Shares in the Issue.
- Any future issuance of Equity Shares, or convertible securities or other equity-linked securities by the Company may dilute your shareholding and any sale of Equity Shares by its Promoter or members of the company's Promoter Group may adversely affect the trading price of the Equity Shares.
- Sale of Equity Shares by the company's Promoter or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.
- Rights of shareholders under Indian laws may be more limited than under the laws of other jurisdictions.
The Issue type of Yajur Fibres Ltd is Book Building - SME.
The minimum application for shares of Yajur Fibres Ltd is 1600.
The total shares issue of Yajur Fibres Ltd is 6920000.
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.