Yajur Fibres' Rs 120.41 crore Initial Public Offering (IPO) opened on January 7 on the BSE SME platform, with a price band of Rs 168-174 per share. The IPO, which closes on January 9, is a fresh issue of 69.20 lakh equity shares. Proceeds will fund capacity expansion at its existing unit and a new linen yarn facility. While some reports indicate a positive grey market premium (GMP), others suggest muted listing gain expectations. The company, a manufacturer of cottonised bast fibres, reported Rs 140.81 crore revenue and Rs 11.67 crore profit after tax in FY25.