Yashhtej Industries IPO set for BSE SME debut. Here's what GMP indicates ahead of listing

Synopsis

Yashhtej Industries is set to list on the BSE SME platform on February 25 with a flat debut expected, as GMP stands at 0%. The company, involved in soybean crude oil and de-oiled cake production, saw its IPO subscribed 1.37 times. Recent financial performance shows significant profit growth, with funds earmarked for capital expenditure and working capital.

Yashhtej Industries (India) is scheduled to list on the BSE SME platform on February 25, with GMP currently at 0%, indicating expectations of a flat debut around its issue price of Rs 110 per share. The Rs 88.88 crore fixed price IPO was entirely a fresh issue of 80,79,600 equity shares and was open for subscription between February 18 and February 20.

In the grey market, the shares are quoting at par with the issue price, suggesting muted listing gains amid cautious sentiment in the SME segment.

The issue was subscribed 1.37 times overall. The retail portion saw relatively healthy interest with 2.35 times subscription, while the non-institutional investor (NII) segment was subscribed only 0.39 times. A total of 4,089 applications were received.

Business profile

Yashhtej Industries is engaged in the manufacturing and processing of soybean crude oil through the solvent extraction process and in the production of soybean de-oiled cake (DOC), a protein-rich by-product used primarily in the animal feed industry.

The company operates in a B2B model, supplying crude oil to refiners and catering to customers engaged in edible oil refining. It has also diversified into solar power generation and supply.

Its competitive strengths include automated manufacturing processes, an in-house quality testing laboratory, customised DOC offerings, government incentive support and forward integration into the edible soybean oil segment.

Financial performance

The company has reported sharp growth in recent years. For the six months ended September 30, 2025, total income stood at Rs 191.22 crore, compared with Rs 324.96 crore for the full FY25. Profit after tax for FY25 was Rs 11.57 crore, up from Rs 1.13 crore in FY24.

The company plans to utilise Rs 63.88 crore towards capital expenditure, Rs 6.11 crore for working capital requirements and Rs 9.50 crore for general corporate purposes.

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