Yashhtej Industries (India) Ltd IPO
Edible Oil
Price Band
₹110 – ₹110
Lot Size
1200
Minimum Bid Quantity
2400
Minimum Investment
₹264000
Issue Size
₹88.88Cr
Opens
2026-02-18
Closes
2026-02-20
Listing
25-02-2026
Subscription Status
Qualified Institutional Buyers
0 x
Non-Institutional Investor
0.44 x
Retail Individual Investor
2.32 x
Total
1.33 x
IPO Details
Issue Type
FP
Face Value
₹10
Tick Size
1
ISIN
INE1O6P01016
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Yashhtej Industries Limited is engaged in the manufacturing and processing of soybean crude oil from soybeans through the solvent extraction process and in the production of soybean de-oiled cake (DOC). Soybean crude oil produced by the company is supplied to customers who undertake further refining to make it suitable for edible consumption, and the company operates in the business-to-business (B2B) segment for this product. DOC, the solid residue remaining after oil extraction, is rich in proteins and minerals and is commonly used as animal feed in the poultry industry. The sale of DOC constitutes a secondary revenue stream for the company. In addition, the company has entered the solar power generation segment and has been awarded a Letter of Award to develop a 5 MW (AC) solar photovoltaic power project in Maharashtra.
Pros
- • 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.
Cons
- • 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.
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