IPO Analysis > Yashhtej Industries India IPO
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Yashhtej Industries IPO 2026: ₹110 Fixed Price, ₹88.88 Cr Feb 18-20 BSE SME

The Indian soybean processing industry is growing at a rate of 10–12% per year and aims to reach $15 billion or more by 2030 through rising demand for edible oil, animal feed, and renewable energy. Yashhtej Industries (India) Ltd, which is based in [location TBD] and was founded in 2014–2015, makes Soybean De-Oiled Cake (DOC) for B2B animal feed customers and processes soybeans into crude oil using solvent extraction. It also generates solar power.

Yashhtej Industries (India) Limited uses solvent extraction to turn soybeans into crude oil, which customers then refine into edible oil, and high-protein DOC, which is used in animal feed. It also uses solar power to make electricity as a way to diversify its energy sources. The main strengths are fully automated solvent extraction facilities, in-house quality labs, customisable DOC formulations, government incentives/subsidies, and the ability to move forward into refining edible oil.

Yashhtej Industries showed growth before the BSE SME IPO. ₹88.88 Cr (80.8 lakh shares @ ₹10 FV) at fixed price ₹110 (lot size 1200 shares ≈ ₹1.32 lakh). Opens February 18-20, 2026; allotment February 23; BSE SME listing February 25.

Yashhtej Industries IPO Details:

Yashhtej Industries IPO Opening Date

18th Feb 2026

Yashhtej Industries IPO Closing Date

20th Feb 2026

Yashhtej Industries IPO Allotment Date

23rd Feb 2026

Initiation of Refunds

24th Feb 2026

Credit of shares in Demat

24th Feb 2026

Yashhtej Industries IPO Listing Date

25th Feb 2026

Yashhtej Industries IPO Price

Rs.110

Yashhtej Industries IPO Issue Size

Rs.88.88 Cr

Yashhtej Industries IPO Fresh Issue Size

Rs.84.43 Cr

Yashhtej Industries IPO Market Maker

Rs.4.45 Cr

Yashhtej Industries IPO Lot Size

1200 shares

Face Value

Rs.10 per share

Yashhtej Industries DRHP

Click Here

Yashhtej Industries RHP

Click Here

Type of IPO

SME (BSE)

Yashhtej Industries Issue Management:

Erudore Capital Pvt Ltd acts as the book-running lead manager for Yashhtej Industries SME IPO, managing underwriting and compliance.

Yashhtej Industries IPO RTA (Registrar) Details:

MAS Services handles allotment, refunds, and demat credits—contact at (011) 2610 4142 or ipo@masserv.com.

Yashhtej Industries IPO Allotment Status:

To check your IPO allotment status:

  • Visit the MAS Services IPO Application Status page.

  • Select the company name from the dropdown menu.

  • Select and enter PAN, Application Number, DP/Client ID, or Account Number/IFSC.

  • Click Submit to view your allotment status.

Action Links:


To apply for Yashhtej Industries IPO, open a demat account here​


Yashhtej Industries IPO Subscription Status: Check live subscription here 


Yashhtej Industries IPO GMP Update: Check latest grey market premium here

Yashhtej Industries IPO: Understanding the Company Profile 


Particulars

Descriptions

Headquarters

Latur, Maharashtra

Business 

Soybean processing (crude oil via solvent extraction + Soybean De-Oiled Cake/DOC for animal feed) + solar power generation

Competitors 

No direct SME peers match Yashhtej Industries, but key comparables include Ruchi Soya, Adani Wilmar, Marico (edible oils); Godrej Agrovet, Avanti Feeds (animal feed); sector P/E 18-25x

Promoters 

Led by Mr. Baswaraj Madhavrao Barge, Mr. Suraj Shivraj Barge, and Mr. Shivling Madhavrao Barge hold 100% pre-IPO stake (1.5 Cr shares). Post-IPO dilutes to ~65% after 80.8 lakh fresh issue shares. Family-led with 20+ years agro-processing experience.


Yashhtej Industries (India) Limited is an agribusiness based in Latur, Maharashtra that started in 2018. It specialises in extracting crude oil from soybeans (which is sold to businesses for edible refining) and high-protein Soybean De-Oiled Cake (DOC) for the poultry, cattle, and aqua feed markets.

The company has fully automated processing plants and quality labs on site. They use Latur's location as a soybean hub to get raw materials at a lower cost. It takes advantage of Maharashtra's Package Scheme of Incentives (PSI-2013) and is branching out into renewable energy with its own solar plants and a planned 5 MW grid-connected project under the PM-KUSUM scheme.

Financial Growth (Pre-IPO FY25): Revenue shot up to ₹324.96 Cr (+448% YoY from FY23 ₹12 Cr), PAT to ₹11.57 Cr (+924% turnaround), ROE to 31.19%, and assets to ₹77.57 Cr. This shows that the company quickly increased its capacity to process soybeans.

Yashhtej Industries showed growth before the BSE SME IPO. ₹88.88 Cr (80.8 lakh shares @ ₹10 FV) at fixed price ₹110 (lot size 1200 shares ≈ ₹1.32 lakh). Opens February 18-20, 2026; allotment February 23; BSE SME listing February 25.

  • Yashhtej Industries IPO Size:

Yashhtej Industries (India) Limited IPO is ₹88.88 Cr total (80.8 lakh shares @ ₹10 FV): 100% fresh issue (no OFS)—to fund capital expenditure (₹63.88 Cr), working capital (₹6.11 Cr), and general corporate purposes.


Particulars

Amount 

Shares

Fresh Issue 

₹88.88 Cr

80.8 Lakh

Offer for Sale

N/A

N/A

Overall Issue 

₹88.88 Cr

80.8 Lakh


  • Yashhtej Industries IPO Objectives:


Yashhtej Industries IPO proceeds will be deployed towards the following objectives:


Purpose

Allocation (in Cr)

Capex

63.88

Working capital requirements

6.11

General corporate purposes

~18.89

Total

88.88


  • Yashhtej Industries Investors Categorisation:

Yashhtej Industries Ltd BSE SME IPO reserves 80.08 lakh shares (Fixed at Rs.110/share) per SEBI SME norms


Investor Category

Quota

Min Bid Amount

Shares Offered

Market Maker 

~5.00%

N/A

~4.04 Lakh

QIB (incl Anchor)

~50.00%

N/A

~40.04 Lakh

NII Shares (HNI)

~15.00%

₹2.64 lakh (2 lots)

~12.12 Lakh

Retail Shares (RII)

~35%

₹1.32 lakh (1 lot)

~28.28 Lakh

Total

100.00%

-

80.8 Lakh


  • Yashhtej Industries Anchor Investor Details:


The Anchor bidding opens February 17, 2026 (~28.42% of QIB portion).


Lock-in: 50% for 30 days, 50% for 90 days per SEBI norms. as per SEBI SME guidelines.


The anchor allocation document filed right before issue opens will list specific anchor investor names via registrar MAS Services.

  • Yashhtej Industries IPO: Key Financials  


Period Ended

30 Sep 2025 (in cr.)

31 Mar 2025 (in cr.)

31 Mar 2024 (in cr.)

31 Mar 2023

Assets

77.57

75.20

55.77

25.25

Total Income

191.22

324.96

59.25

12.00

PAT

7.25

11.57

1.13

(0.58)

EBITDA

12.44

21.02

2.59

(0.58)

Net Worth

26.87

19.62

8.05

(0.48)

Reserves

11.87

12.12

0.55

(0.58)

Borrowings

37.47

43.85

33.91

16.62


According to RHP/DRHP reports, Yashhtej Industries (India) Limited posted explosive FY25 financials. Revenue surged +448% YoY to ₹324.96 Cr (from FY24 ₹59.25 Cr), PAT skyrocketed +924% to ₹11.57 Cr (3.56% margin), RoNW hit 58.96%, ROCE improved significantly, EBITDA ₹21.02 Cr (6.47% margin). Growth powered by soybean processing scale-up, Latur's agricultural advantage, DOC animal feed demand, and solar diversification setup.

Strengths and Risks

The important risks and strengths of Yashhtej Industries IPO are mentioned below:


Strengths:

  • Strategic Latur Location: The close proximity of the soybean processing hub guarantees the availability of raw materials and cost effectiveness.

  • Fully Automated Plant: Compared to peers, this plant saves 40% on employee expenses by eliminating human intervention through advanced solvent extraction with temperature and humidity sensors.

  • Dual sources of income: high-protein DOC animal feed combined with soybean crude oil (B2B edible refining) optimises the zero-waste value chain.

  • With adaptable DOC formulations for poultry, cattle, and aqua feed, in-house quality labs guarantee constant standards.

  • Solar diversification: Lowers energy costs and potential future grid revenue with a 5 MW PM-KUSUM project and captive solar.


Risks

  • Raw Material Volatility: In businesses that rely heavily on commodities, changes in soybean prices have a direct effect on profit margins.

  • Customer Concentration: Revenue is at risk of client loss due to a heavy reliance on a small number of B2B buyers.

  • Profit Sustainability Issues: The +448% revenue/+924% PAT growth in FY25 raises concerns about post-IPO normalisation.

  • Tough Competition: Ruchi Soya, Adani Wilmar, and Godrej Agrovet pressure the edible oil/DOC sector.

  • Execution Risk: Perfect capital expenditure deployment is necessary for refinery plant vertical integration and 5 MW solar scaling.

Yashhtej Industries IPO Review:


With revenue of ₹324.96 Cr (+448% YoY from ₹59.25 Cr), PAT of ₹11.57 Cr (+924% surge, 3.56% margin), RoNW of 58.96%, ROE of 31.19%, and post-issue P/E of 14.26x (EPS of ₹7.71), Yashhtej Industries (India) Limited's remarkable in spite of fragmented competition. Scalability is driven by Latur's location as a soybean hub, automated solvent extraction (crude oil + DOC feed), and 5 MW solar diversification.


At a fixed price of ₹110, the ₹88.88 Cr BSE SME IPO trades at 0.27x sales/7.69x EPS (post-issue). For possible listing gains (GMP flat at ₹0), strategic location, high-quality labs, and government incentives outweigh concerns about profit sustainability and capex execution risks.


Investors are advised to exercise discretion and refer to the full DRHP/RHP document before reaching any investment decision. This analysis is for informative purposes and not investment advice.


Action Links:


To apply for Yashhtej Industries IPO, open a demat account here​


Yashhtej Industries IPO Subscription Status: Check live subscription here 


Yashhtej Industries IPO GMP Update: Check latest grey market premium here










Yashhtej Industries IPO FAQs

1. What is the Yashhtej Industries IPO open and close date?

The Yashhtej Industries SME IPO opens February 18, 2026 and closes February 20, 2026 on BSE SME.

Track Yashhtej Industries IPO subscription status live here from Finnpick.

2. What is the Yashhtej Industries IPO price band and lot size?

The IPO price band is fixed at ₹110 per share (FV ₹10), lot size 1200 shares (retail min ₹1.32 lakh, HNI min ₹1.98 lakh for 1800 shares).

3. What is Yashhtej Industries IPO total size?

The Yashhtej Industries IPO size is ₹88.88 Cr total (80.8 lakh shares @ ₹10 FV): 100% fresh issue (no OFS) for capex ₹63.88 Cr, working capital ₹6.11 Cr.

4. How to apply for the Yashhtej Industries IPO?

Open a demat here​ (Zerodha/Upstox/AngelOne) or ASBA by Feb 20, 4 PM. Monitor Yashhtej Industries IPO subscription tracker here.

5. How to check Yashhtej Industries IPO Allotment Status?

The allotment date is on Feb 23rd and can be checked on MAS Services Pvt Ltd portal RTA portal using PAN/DP ID. 

6. What is Yashhtej Industries IPO GMP today and subscription status?

Current Grey Market Premium (GMP) stands at ₹0 (flat) as of Feb 16, indicating listing at the price range of ₹110—check daily updates of Yashhtej Industries IPO GMP trends here and live subscription status here from Feb 16th opening only on Finnpick. 

7. What does Yashhtej Industries specialize in?

Yashhtej Industries specializes in solvent extraction processing of soybeans to produce soybean crude oil (B2B supply for edible oil refineries) and Soybean De-Oiled Cake (DOC)—a high-protein by-product for poultry, cattle, and aqua animal feed industries. Additional diversification includes 5 MW solar power generation under the PM-KUSUM scheme.

8. When is the Yashhtej Industries IPO listing date?

The Yashhtej Industries Ltd IPO lists on 25th February, 2026 on BSE SME (~T+2 post-allotment Feb 23rd). 

9. What are the Yashhtej Industries IPO proceeds utilization details?

The Yashhtej Industries IPO fresh issue proceeds as: 

  • ₹63.88 Cr (72%) → Capital expenditure (refining plant + bottling plant for edible soybean oil, solar project expansion)

  • ₹6.11 Cr (7%) → Working capital requirements

  • ₹9.50 Cr (11%) → General corporate purposes

  • ₹9.39 Cr (11%) → Issue expenses

Funds enable vertical integration from crude oil to refined edible soybean oil + 5 MW solar scaling from Latur processing hub.


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