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Yashhtej Industries IPO
Yashhtej Industries (India) Ltd
₹2,64,000 /2400 sharesMinimum investment
IPO details
Minimum investment
₹2,64,000
Price range
₹110 - ₹110
Lot size
1,200
Issue size
88.88 Cr
Face value
10
IPO document
Subscription rate
Qualified Institutional Buyers0.00x
Non-Institutional Investor0.44x
Retail Individual Investor2.32x
Total1.33x
As of 20 Feb'26, 04:31 PM
Schedule
18 Feb 2026
IPO open date
20 Feb 2026
IPO close date
23 Feb 2026
Allotment date
23 Feb 2026
Funds unblock or debit
25 Feb 2026
Tentative listing date
About
Founded in
2018
MD/CEO
Mr. Suraj Shivraj Barge
Parent organisation
Yashhtej Industries (India) Ltd
Yashhtej Industries Financials
Revenue
Total Assets
Profit
All values are in ₹ Cr
Strengths & Risks
Strengths
Risks
The company claims to have designed its manufacturing facility with process-specific automation and control mechanisms at multiple stages. The system reportedly slows down automatically when irregularities are detected, which may help prevent equipment damage, reduce waste, and minimise downtime. This built-in responsiveness is intended to support operational continuity and maintain product consistency.
The company claims to conduct regular in-house quality checks on its finished products. It states that test reports are made available to customers on request. This internal testing mechanism is presented as part of its product quality monitoring process.
The company claims to offer customised de-oiled cake (DOC) products based on client requirements. In addition to regular DOC containing approximately 44 percent to 48 percent protein, it manufactures higher-protein variants ranging from 49 percent to 54 percent by selectively removing soybean husk during processing.
The company claims to have been awarded a project to develop a 5 MW (AC) solar photovoltaic power plant under the Mukhyamantri Saur Krushi Vahini Yojana 2.0 scheme. This marks its entry into the power generation segment alongside its core soybean processing operations.
The company has reported a consistent increase in its revenue from operations. It increased from Rs 12.00 crore in FY23 to Rs 59.24 crore in FY24 and Rs 324.76 crore in FY25.
The company operates with relatively thin margins, with EBITDA margins at 6.51 percent for the period ended September 30, 2025; 6.47 percent in FY25; 4.38 percent in FY24, and minus 4.82 percent in FY23. Profit after tax (PAT) margin stood at 3.79 percent, 3.56 percent, 1.91 percent and minus 4.81 percent for the above periods. Given that the company operates in the commoditised products segment, pricing power would be limited, and profitability remains sensitive to input cost fluctuations and competitive pressures. Sustained low margins could restrict internal accruals and limit the scale of returns available to investors, particularly in periods of cost volatility or pricing pressure.
De-oiled cakes accounted for Rs 108.66 crore (57.18 percent) of the company’s total sales of products for the period ended September 30, 2025; Rs 190.62 crore (59.03 percent) in FY25; and Rs 40.92 crore (70.19 percent) in FY24. Any decrease in demand for DOC or disruption in its supply chain could adversely affect the company’s business, results of operations, financial condition, and cash flows.
Maharashtra accounted for Rs 73.02 crore (90.85 percent) of the company’s total sales of soybean crude oil for the period ended September 30, 2025; Rs 109.84 crore (83.18 percent) in FY25, and Rs 15.60 crore (89.85 percent) in FY24. Furthermore, the company’s manufacturing facilities are also concentrated in this region. Any significant social, political, economic, or regulatory disruption in Maharashtra could adversely affect the company’s business, results of operations, financial condition, and cash flows.
The top five customers accounted for Rs 63.55 crore (79.07 percent) of the company’s total sales of soybean crude oil for the period ended September 30, 2025; Rs 53.45 crore (40.47 percent) in FY25; and Rs 14.88 crore (85.73 percent) in FY24. In DOC, the top five customers accounted for Rs 47.74 crore (43.93 percent) of the company’s total sales for the period ended September 30, 2025; Rs 76.82 crore (40.30 percent) in FY25; and Rs 13.55 crore (33.11 percent) in FY24. Any failure to retain these key customers or a reduction in their purchase volumes could adversely affect the company’s business, results of operations, financial condition, and cash flows.
The purchase of soybeans accounted for Rs 170.44 crore (89.17 percent) of the company’s revenue for the period ended September 30, 2025; Rs 300.64 crore (92.58 percent) in FY25; Rs 70.32 crore (118.69 percent) in FY24 and Rs 11.73 crore (97.75 percent) in FY23. Any significant fluctuation in soybean prices or interruption in availability, particularly given its seasonal nature as a Kharif crop, could adversely affect the company’s business, results of operations, financial condition, and cash flows.
The top five suppliers accounted for Rs 86.40 crore (50.69 percent) of the company’s total purchases for the period ended September 30, 2025; Rs 95.35 crore (31.71 percent) in FY25; Rs 32.47 crore (46.18 percent) in FY24, and Rs 3.79 crore (32.29 percent) in FY23. Any disruption in supplies from these key suppliers or inability to maintain such relationships could adversely affect the company’s business, results of operations, financial condition, and cash flows.
The company reported negative cash flow from operating activities amounting to Rs 6.37 crore in FY24 and Rs 3.73 crore in FY23. Additionally, negative cash flow from investing activities amounted to Rs 1.30 crore for the period ended September 30, 2025; Rs 4.38 crore in FY25; Rs 16.50 crore in FY24; and Rs 11.14 crore in FY23. The company has also recorded negative cash flow from financing activities, amounting to Rs 8.50 crore for the period ended September 30, 2025. Sustained negative cash flows could adversely affect the company’s business, results of operations, financial condition, and growth.
The company, its promoters, directors, and group companies are involved in certain ongoing legal proceedings. The company’s business prospects could be hit in case of adverse judgments in any of these cases.
As of September 30, 2025, the company had outstanding financial indebtedness of Rs 37.47 crore. Failure to service or repay these loans could harm the company’s operations and financial position.
Application details
For Yashhtej Industries IPO, eligible investors can apply as Individual investor.
| Apply as | Price band | Apply range | Lot size |
|---|---|---|---|
| Individual investor | ₹110 - ₹110 | ₹2 - ₹5 Lakhs | 1200 |