The crucial share allotment for the Yajur Fibres initial public offering (IPO) is being finalised today, Monday, January 12. Investors who participated in the subscription can now proceed to check if they have been allocated shares in the company.
How to Check Your Yajur Fibres IPO Allotment Status
To find out the status of your application, you need to visit the official portal of the IPO's registrar, Mas Services Limited. The process is straightforward and can be completed in a few simple steps using your application details.
First, go to the Mas Services website. Look for the section labelled 'Check Application Status'. From the dropdown menu, select the Yajur Fibres IPO option once it becomes active post-allotment. You can then proceed to check your status by entering either your Application number, Demat Account number, or your Permanent Account Number (PAN).
Key Dates and Details for Investors
The Yajur Fibres IPO was open for subscription from January 7 to January 9. The issue managed to garner a subscription of 1.33 times by the final day, indicating a moderate investor appetite.
For those who are not allotted shares, the company will initiate the refund process on Tuesday, January 13. Successful applicants, on the other hand, will see the shares credited directly to their demat accounts on the same day. The much-anticipated listing date for Yajur Fibres shares is set for Wednesday, January 14 on the stock exchanges.
About the Yajur Fibres IPO and Use of Funds
The IPO, valued at around ₹120 crore, consisted entirely of a fresh issue of 69.2 lakh shares. The capital raised is earmarked for several strategic growth initiatives.
The primary objectives include:
- Expanding capacity at its existing manufacturing plant in West Bengal.
- Investing ₹48 crore in its subsidiary, Yashodha Linen Yarn, for a new greenfield project in Madhya Pradesh.
- Meeting general working capital requirements of the business.
In the unofficial grey market, the Yajur Fibres IPO GMP (Grey Market Premium) was reported at ₹0 on the allotment date. This means the shares were trading at par with the issue price of ₹174, showing no premium or discount, as per market observers.
Investors are advised to rely only on official channels for allotment information and consult with certified financial experts before making any investment decisions.
