Yashhtej Industries (India) IPO is a book-built issue with a total size of ₹88.88 crore. The entire issue consists of a fresh issue of 0.81 crore shares, aiming to raise funds for the company’s business needs. The IPO opens for subscription on February 18, 2026, and will close on February 20, 2026.
The basis of allotment is expected to be finalised on February 23, 2026, and the shares are likely to be listed on BSE SME on February 25, 2026. The price band for the issue is set at ₹110 per share.
The minimum application size is 1,200 shares, making the minimum investment for retail investors ₹2,64,000 at the upper band.
Erudore Capital Private Limited is acting as the book running lead manager, while MAS Services Limited has been appointed as the registrar to the issue. Prabhat Financial Services Limited is serving as the market maker for this IPO.
Yashhtej Industries (India) IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Funds will be used for capital expenditure.
- Part of the proceeds will meet working capital needs.
- Remaining funds will be used for general corporate purposes.
About Yashhtej Industries (India) Limited
Yashhtej Industries (India), based in Latur, Maharashtra, is primarily engaged in the manufacturing and processing of soybean crude oil through the solvent extraction of soybeans, along with the production of Soybean De-Oiled Cake (DOC). DOC, also known as soya meal, is the solid residue obtained after the extraction of oil from soybeans and is rich in proteins and minerals.
The soybean crude oil produced by the company requires further refining before it becomes edible and suitable for human consumption. Accordingly, the company operates predominantly in a business-to-business (B2B) segment, supplying crude oil to customers who undertake refining activities.
The by-product DOC is widely used as animal feed, particularly in the poultry industry. Sales of DOC constitute a secondary yet significant source of revenue for the company.
In addition to its core operations in soybean processing, the company has diversified into the solar power generation sector. Yashhtej Industries (India) has received a Letter of Award (LOA) to act as a Solar Power Developer (SDP) for solar photovoltaic power generating stations with an aggregate capacity of 5 MW (AC) under the Mukhyamantri Saur Krushi Vahini Yojana 2.0, a scheme implemented for feeder-level solarisation under Component C of the PM-KUSUM initiative.
As per the LOA, the Maharashtra State Electricity Distribution Company Limited will procure the power generated by the project in accordance with the terms of the Power Purchase Agreement executed pursuant to the award.
Currently, this solar power segment is in the construction phase and does not generate revenue. The company expects to commence revenue generation from this segment during FY 2026–2027. Upon operationalisation and commencement of revenue inflow from solar power generation, the company will also expand its operations into the business-to-government (B2G) segment.
Industry Outlook
- Rising domestic consumption of edible oils and changing dietary preferences are expected to support sustained demand for crude soybean oil in India.
- Increasing industrial usage of crude soybean oil in biodiesel, oleochemicals, paints, inks, and lubricants is likely to diversify demand beyond food applications.
- Government initiatives promoting renewable fuels and biofuel blending are anticipated to strengthen long-term demand for soybean-based feedstock.
- Growing livestock, poultry, and aquaculture industries are expected to drive consistent demand for protein-rich de-oiled cake (DOC) as a key animal feed ingredient.
- Formalization and modernization of India’s dairy and animal husbandry sectors are likely to increase structured feed consumption, benefiting the DOC market.
- Policy support aimed at improving oilseed production and reducing edible oil import dependence is expected to enhance domestic processing opportunities.
- Advancements in processing efficiency, storage infrastructure, and supply chain integration are anticipated to improve operational resilience and margins across the industry.
- Despite risks from global price volatility, climate variability, and input cost fluctuations, strong fundamentals driven by nutrition demand and expanding industrial applications are expected to sustain long-term industry growth.
How To Apply for the Yashhtej Industries (India) IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Yashhtej Industries (India) IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of Yashhtej Industries (India) IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Yashhtej Industries (India) Limited
Registered office: Plot No. D-73/1, Additional MIDC, Latur, Maharashtra – 413512.
Phone:+91 9175881666
E-mail: info@yashhtej.com
Yashhtej Industries (India) IPO Reservation
| Investor Category | Shares Offered |
| Market Maker Shares Offered | 4,04,400 (5.01%) |
| NII (HNI) Shares Offered | 38,37,600 (47.50%) |
| Retail Shares Offered | 38,37,600 (47.50%) |
| Total Shares Offered | 80,79,600 (100.00%) |
Yashhtej Industries (India) IPO Lot Size Details
| Application | Lots | Shares | Amount |
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,64,000 |
| Individual investors (Retail) (Max) | 2 | 2,400 | ₹2,64,000 |
| HNI (Min) | 3 | 3,600 | ₹3,96,000 |
Yashhtej Industries (India) IPO Promoter Holding
The promoters of the company include Mr. Baswaraj Madhavrao Barge, Mr. Suraj Shivraj Barge and Mr. Shivling Madhavrao Barge.
| Share Holding Pre-Issue | 100% |
| Share Holding Post Issue | 65% |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Key Performance Indicators for Yashhtej Industries (India) IPO
| KPI | Value |
| Net Fixed Asset Turnover Ratio | 10.74 |
| Current Ratio | 0.92 |
| Debt–Equity Ratio | 2.23 |
| Return on Equity (%) | 83.61 |
| Return on Capital Employed (%) | 30.55 |
| Net Asset Value per Equity Share (₹) | 26.16 |
Yashhtej Industries (India) IPO Registrar and Lead Managers
Yashhtej Industries (India) IPO Lead Managers
- Erudore Capital Private Limited
Registrar for Yashhtej Industries (India) IPO
MAS Services Limited
- Contact Number: (011) 2610 4142
- Email Address: ipo@masserv.com
Financial Performance of Yashhtej Industries (India) Limited
| Particulars | Year ending on March 31, 2025 | Year ending on March 31, 2024 | Year ending on March 31, 2023 |
| Revenue from Operations (in ₹ lakh) | 32,475.64 | 5,924.49 | 1,200.21 |
| Profit/(Loss) After Tax (in ₹ lakh) | 1,156.69 | 112.89 | (57.76) |
| EBITDA (in ₹ lakh) | 2,102.11 | 259.47 | (57.89) |
| EBITDA Margin (%) | 6.47 | 4.38 | (4.82) |
| PAT Margin (%) | 3.56 | 1.91 | (4.81) |
| Year-on-Year Revenue Growth (%) | 448.16 | 393.62 | – |
Yashhtej Industries (India) Limited Peer Comparison
| Company Name | Revenue FY 2024–25 (₹ lakh) | EBITDA Margin (%) | PAT FY 2024–25 (₹ lakh) |
| Yashhtej Industries (India) Limited | 32,475.64 | 6.47 | 1,156.69 |
| KN Agri Resources Limited | 1,72,485.00 | 3.51 | 3,690.00 |
| Rama Phosphates Limited | 74,369.08 | 5.84 | 1,367.50 |
Strengths and Opportunities of Yashhtej Industries (India) Limited
- The Company benefits from a skilled workforce and an experienced management team, enabling efficient operations and informed strategic decision-making.
- Supportive government policies for oilseed processing and renewable energy development provide a favourable regulatory environment for long-term growth.
- Strategic proximity to export ports enhances logistical efficiency and supports access to international markets.
- Strong and established customer relationships contribute to stable demand and recurring business opportunities.
- Robust quality assurance systems and streamlined quality control processes ensure consistent product standards and customer confidence.
- Abundant availability of soybean raw material in the region supports uninterrupted production and cost competitiveness.
- Rising domestic consumption and increasing preference for healthier edible oils create growth opportunities as the Company enters the edible soybean oil segment and expands product offerings.
- Diversification into the solar renewable energy segment strengthens business sustainability while opening new revenue streams aligned with future energy transition trends.
Risks and Threats of Yashhtej Industries (India) Limited
- The Company’s profitability remains highly sensitive to fluctuations in soybean raw material prices, which can impact operating margins.
- The business requires significant capital investment in plant, machinery, and infrastructure, resulting in a capital-intensive operational structure.
- Limited product differentiation within the industry restricts pricing power and increases exposure to commodity market dynamics.
- The current product portfolio is largely concentrated in soybean crude oil and de-oiled cake (DOC), limiting diversification benefits.
- Intense competition from alternative edible oils such as palm, sunflower, and mustard oil affects market share and pricing competitiveness.
- Climatic uncertainties and variations in crop yields can disrupt raw material availability and increase procurement risks.
- Imports of soybean oil create pricing pressure in the domestic market, affecting demand for locally processed products.
- Changing consumer preferences and evolving edible oil consumption patterns may influence long-term demand dynamics in the soybean oil segment.
