Yashhtej Industries IPO Overview
Yashhtej Industries (India) Limited is a soybean-based manufacturing company incorporated in 2018 that primarily produces soybean crude oil (supplied to refiners) and soybean de-oiled cake (DOC) (used in livestock feed). The business also has exposure to renewable energy through a 5 MW solar power project under the PM-KUSUM scheme. It sells mainly in Maharashtra, Telangana, Andhra Pradesh, Karnataka and Gujarat markets.
The company’s SME IPO is a fixed price public issue on the BSE SME platform, aiming to raise ₹88.88 crore entirely through a fresh issue of equity shares priced at ₹110 per share. The IPO opens for subscription from 18 February 2026 to 20 February 2026 with 1,200 shares per lot (minimum retail investment ~₹2.64 lakh for 2 lots).
IPO DETAILED INFORMATION
Issue Details
| Parameter | Details |
| IPO Type | Fixed Price – SME (BSE SME) |
| IPO Open Date | 18 February 2026 |
| IPO Close Date | 20 February 2026 |
| Allotment Date | 23 February 2026 (Expected) |
| Credit to Demat | 24 February 2026 (Expected) |
| Refund Initiation | 24 February 2026 (Expected) |
| Listing Date | 25 February 2026 (Tentative) |
| Price Band | ₹110 per share |
| Face Value | ₹10 per share |
| Lot Size | 1,200 shares |
| Min Investment (Retail) | ₹2,64,000 (2 lots) |
| sNII Investment | ~₹3,96,000 (3 lots) |
| bNII Investment | Higher (multiple lots) |
| Issue Size | ₹88.88 crore |
| Fresh Issue | ₹88.88 crore (100%) |
| Offer For Sale (OFS) | Nil |
| Total Shares Offered | 80,79,600 shares |
| Listing | BSE SME |
Note: This is a 100% fresh issue – promoters are not selling shares and the entire IPO proceeds will be used by the company.
Issue Break-up
| Category | Approx Allocation | Shares |
| Retail Individual Investors | ~47.5% | 3,837,600 |
| Non-Institutional Investors (HNI) | ~47.5% | 3,837,600 |
| Market Maker | ~5% | 404,400 |
| Total | 100% | 8,079,600 |
Selling Shareholders (OFS)
No Offer for Sale (OFS) – this IPO is entirely a fresh issue, meaning no promoters are selling shares, and all funds raised go into company operations and growth.
Objects of the Issue (Fund Utilization)
The company plans to deploy the IPO proceeds for:
- Capital Expenditure: to expand and modernize plant, machinery and manufacturing facilities.
- Working Capital Requirements: to support day-to-day operational needs.
- General Corporate Purposes: for strategic initiatives, marketing and administrative costs.
These objectives aim to strengthen the company’s market position in edible oil extraction and related products while supporting growth into adjacent areas like renewable energy.
Lead Managers & Registrar
- Book Running Lead Manager (BRLM): Erudore Capital Pvt. Ltd.
- Registrar to the Issue: MAS Services Limited
Promoters & Management
The promoters of Yashhtej Industries (India) Ltd include:
- Mr. Baswaraj Madhavrao Barge
- Mr. Suraj Shivraj Barge
- Mr. Shivling Madhavrao Barge
Promoters held 100% equity pre-IPO and will retain a majority stake post-IPO, indicating continued strategic control.
COMPANY DETAILS
Incorporation & Business:
Yashhtej Industries (India) Ltd was incorporated in 2018 and operates in soybean processing and edible oil supply chains. Its core business includes manufacturing soybean crude oil (sold to refiners) and soybean de-oiled cake (DOC) (used for animal feed), covering B2B segments across multiple states in India.
Renewable Energy:
The company is also developing a 5 MW solar photovoltaic project under the PM-KUSUM scheme, expected to generate additional revenue from FY 2026-27 onwards.
Financial Snapshot (based on latest available data)
| Period | Revenue (₹ Cr) | PAT (₹ Cr) |
| FY25 (Mar 2025) | 324.76 | 11.57 |
| FY24 (Mar 2024) | 59.25 | 1.13 |
| FY23 (Mar 2023) | 12.00 | (0.58) |
Yashhtej Industries has shown significant revenue growth, moving from ₹12 cr in FY23 to ₹324.76 cr in FY25, with profits turning positive and scaling materially.
Company Strengths
- Rapid Revenue Growth: Strong top-line growth from ₹12 cr (FY23) to ₹324.76 cr (FY25).
- Diverse Product Portfolio: Soybean crude oil and high-protein soybean DOC appeal to edible oil refiners and animal feed sectors.
- Sustainable Energy Venture: Ongoing solar power project adds a renewable revenue stream.
- Wide Geographic Footprint: Sales across multiple Indian states.
- Promoter Continuity: Promoters retain majority control post-IPO for strategic stability.
- SME Access: Listing on BSE SME provides liquidity and visibility for investors.
Key Risks & Challenges
- Commodity Price Risk: Soybean price volatility can impact margins.
- Renewable Project Execution: Delays or cost overruns in solar project commissioning may affect returns.
- Competitive Edible Oil Market: Intense competition from established edible oil players.
- Working Capital Intensity: Agricultural processing businesses often face high working capital needs.
- SME IPO Liquidity Risk: SME listings may have lower trading volumes compared to mainboard IPOs.
Disclaimer
This document is for informational and educational purposes only and does not constitute investment advice or recommendation. Investors should read the Red Herring Prospectus (RHP) and consult certified financial advisors before making any investment decisions. Past performance is not indicative of future results, and investments are subject to market risks.
