Yajur Fibres Shares Debut 20% Below IPO Price on BSE SME Listing

Yajur Fibres, specializing in cottonised bast fibres, launched a Rs 120.4 crore IPO priced at Rs 174 per share, subscribed 1.3 times, primarily by retail investors. The company plans to use proceeds for capacity expansion and working capital. Upon listing on the BSE SME platform on January 14, shares debuted at Rs 139.20, about 20% below the IPO price, later hitting the lower circuit of Rs 132.25 amid muted market sentiment and zero grey market premium.