Yashhtej Industries (India) IPO – Complete Details, Financial Structure, Subscription & GMP Analysis

Yashhtej Industries (India) IPO is a Fixed Price Issue aggregating to ₹88.88 crore, comprising entirely of a fresh issue of 80,79,600 equity shares. Since the issue is 100% fresh capital, the entire proceeds will go to the company for its business expansion, working capital requirements, and general corporate purposes, rather than providing an exit to existing shareholders. The IPO is priced at ₹110 per share, with a face value of ₹10 per share, reflecting the valuation determined by the company and its lead manager based on fundamentals and growth prospects. The public issue opened for subscription on February 18, 2026, and will close on February 20, 2026, giving investors a three-day bidding window. The shares are proposed to be listed on the SME platform of the BSE SME, with a tentative listing date scheduled for February 25, 2026.

The IPO is being managed by ERUDORE CAPITAL PRIVATE LIMITED as the Book Running Lead Manager, ensuring compliance and marketing of the issue, while MAS Services Ltd. is acting as the registrar, handling allotment and investor records. The market-making responsibilities have been assigned to Prabhat Financial Services Ltd., which will help provide liquidity post listing — a crucial factor for SME IPOs where trading volumes can otherwise be limited.

IPO Snapshot – Structure and Key Highlights

The IPO structure reflects a balanced allocation between retail and non-retail investors, with a dedicated portion reserved for the market maker to ensure liquidity. Below is a detailed breakdown of the issue:

The increase in post-issue shareholding indicates equity dilution due to the fresh capital infusion. The SME listing route enables mid-sized companies like Yashhtej Industries to access public capital markets while maintaining compliance requirements suited for emerging enterprises.

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 Investment Requirements – Retail & HNI Participation

Since the IPO is a fixed price issue, investors apply at ₹110 per share without a price band mechanism. The lot size has been fixed at 1,200 shares, making it relatively higher in ticket size compared to mainboard IPOs. This structure is typical for SME IPOs to maintain a stable investor base and manageable shareholder count.

Retail investors are required to apply for a minimum of 2 lots (2,400 shares), amounting to ₹2.64 lakh, which is on the higher side compared to mainboard IPOs but standard for SME listings. HNI/NII investors must apply for at least 3 lots, taking the minimum investment requirement close to ₹4 lakh.

IPO Timetable – Important Dates to Track

The IPO follows a structured timeline, and investors should carefully monitor each milestone to track allotment and listing progress.

Once allotment is finalized on February 23, refunds (if any) will be processed on February 24, and shares will be credited to Demat accounts on the same day. Trading is expected to commence on February 25, 2026.

About Yashhtej Industries (India) Ltd. – Business Overview

Incorporated in 2018, Yashhtej Industries (India) Limited operates in the agro-processing industry with a focus on soybean-based products. The company is primarily engaged in the manufacturing and processing of soybean crude oil through the solvent extraction process, a widely adopted method for efficient oil recovery. Alongside crude oil production, the company manufactures Soybean De-Oiled Cake (DOC), which is the residual high-protein by-product after oil extraction. DOC is widely used in the animal feed industry and export markets due to its rich nutritional profile.

The company operates on a B2B business model, supplying soybean crude oil to refining companies that further process it into edible soybean oil. This forward linkage within the value chain provides steady demand visibility. Additionally, Yashhtej Industries has diversified into solar power generation, contributing to energy cost optimization and sustainability goals.

🔹 Product Portfolio

• Soybean Crude Oil

• Soybean De-Oiled Cake (DOC)

🔹 Competitive Strengths

• Automated and efficient manufacturing processes

• In-house laboratory for stringent quality checks

• Customization capability in DOC offerings

• Benefit from government incentive support

• Forward integration into edible soybean oil segment

The company’s integration into solar power also enhances operational efficiency and reduces dependency on external power sources.

IPO Shares Offered – Category-wise Allocation

The issue allocation is structured to ensure fair participation across investor categories while maintaining liquidity support via the market maker.

Retail and non-retail investors each receive nearly equal allocation, indicating balanced participation expectations.

Subscription Status (As of Feb 19, 2026 – Day 2)

As of Day 2, the IPO has been subscribed 0.59 times overall, reflecting moderate investor response. Retail investors have shown relatively stronger participation compared to HNI/NII investors.

Retail subscription crossing 1x suggests decent investor confidence, while low NII demand may influence final oversubscription levels.

Grey Market Premium (GMP) & Listing Expectations

The latest GMP stands at ₹23, indicating positive sentiment in the unofficial grey market. Based on this premium:

• Issue Price: ₹110

• Estimated Listing Price: ₹133

• Expected Gain: ₹23 per share

• Estimated Return: 20.91%

• Retail Subject to Sauda: ₹21,000

📊 Day-wise GMP Trend

The steady rise in GMP post opening indicates improving investor sentiment, though grey market trends are unofficial and can fluctuate before listing.

 How to Check IPO Allotment Status?

The allotment is expected to be finalized on February 23, 2026, and investors can check their status via the registrar, MAS Services Ltd.

Steps to Check:

1. Visit the MAS Services IPO allotment webpage.

2. Select “Yashhtej Industries (India)” from the dropdown.

3. Enter PAN / Application Number / DP Client ID.

4. Click “Search”.

5. View shares applied vs allotted.

Shares will be credited to Demat accounts on February 24, 2026, ahead of listing on February 25, 2026.

Peer Comparison (Industry Context)

Yashhtej Industries operates in the soybean processing and edible oil segment. While SME companies may not have exact direct listed peers of similar scale, comparable broader industry players in edible oil and agro-processing include:

• Adani Wilmar Limited

• Ruchi Soya Industries Limited

• Patanjali Foods Limited

These larger entities operate across refining, packaging, and branded edible oil segments. Compared to them, Yashhtej operates primarily in upstream processing, meaning its margins may differ significantly due to its B2B nature.

Final Investment Perspective

Yashhtej Industries (India) IPO offers investors exposure to the soybean processing and agro-manufacturing sector, backed by operational integration and renewable energy diversification. The positive GMP indicates near-term listing optimism, but moderate overall subscription suggests selective investor participation. Long-term prospects will depend on raw material price management, margin stability, and efficient capital deployment post-IPO.

For investors seeking SME exposure with potential listing gains, the IPO may appear attractive based on grey market trends. However, risk-aware investors should weigh commodity volatility and SME liquidity factors before making allocation decisions.

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