In February 2026, SME IPO activity continued across sectors linked to agriculture, food processing, and allied manufacturing. Companies operating in edible oil processing and agri by products have remained relevant as demand for protein rich feed and refined edible oils continues across domestic and export markets. Government incentives and integration into renewable energy segments have also supported expansion plans for select agri processing businesses.
Against this backdrop, Yashhtej Industries (India) Limited is set to open its IPO on February 18, 2026. Here is a detailed insight into Yashhtej Industries (India) Limited, its IPO, and the industry outlook.
About Yashhtej Industries (India) Ltd.
Incorporated in 2018, Yashhtej Industries (India) 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, commonly known as DOC or soya meal.
Soybean De Oiled Cake is the solid residue remaining after oil extraction and is rich in proteins and minerals. It is widely used in animal feed and allied industries.
The company operates primarily in a business to business segment. The crude soybean oil produced is supplied to customers engaged in refining activities. In addition to its core operations, the company has also entered into solar power generation and supply.
Products
• Soybean Crude Oil
• Soybean De Oiled Cake
Competitive Strengths
• Automated manufacturing processes
• In house laboratory for quality checks
• Customisation in DOC offerings
• Government incentive support
• Forward integration into the edible soybean oil segment
Yashhtej Industries (India) IPO Details
Yashhtej Industries (India) IPO is a fixed price issue of ₹88.88 crores. The issue is entirely a fresh issue of 0.81 crore shares aggregating to ₹88.88 crores. The issue price is ₹110 per share. The IPO is proposed to be listed on BSE SME.
The company intends to utilise the net proceeds towards capital expenditure, funding working capital requirements, and general corporate expenses.
Important IPO Timeline
| Event | Date |
|---|---|
| IPO Open Date | February 18, 2026 |
| IPO Close Date | February 20, 2026 |
| Allotment Date (Tentative) | February 23, 2026 |
| Initiation of Refunds | February 24, 2026 |
| Credit of Shares to Demat | February 24, 2026 |
| Listing Date (Tentative) | February 25, 2026 |
Key IPO Details
Here is the table on the Yashhtej Industries (India) IPO Review:
| Particulars | Details |
|---|---|
| Face Value | ₹10 per share |
| Issue Price | ₹110 per share |
| Lot Size | 1,200 shares |
| Total Issue Size | 80,79,600 shares aggregating up to ₹88.88 crore |
| Fresh Issue | 80,79,600 shares aggregating up to ₹88.88 crore |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Shareholding Pre issue | 1,50,00,000 shares |
| Shareholding Post issue | 2,30,79,600 shares |
| Market Capitalisation Pre IPO | ₹253.88 crore |
Lot Size of Yashhtej Industries (India) IPO
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereafter.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Investor Min | 2 | 2,400 | ₹2,64,000 |
| Retail Investor Max | 2 | 2,400 | ₹2,64,000 |
| HNI Min | 3 | 3,600 | ₹3,96,000 |
Yashhtej Industries (India) Ltd. Financials
Yashhtej Industries (India) IPO has a pre issue market capitalisation of ₹253.88 crore. As per restated financials, the company reported a Return on Equity of 31.19 percent as of September 30, 2025 and ROCE of 17.98 percent. The debt to equity ratio stood at 1.39. The company reported a PAT margin of 3.79 percent and EBITDA margin of 6.51 percent. The price to book value is reported at 6.14.
Other financial details of the company include the following:
Key Company Financials
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 77.57 | 75.20 | 55.77 | 25.25 |
| Total Income | 191.22 | 324.96 | 59.25 | 12.00 |
| Profit After Tax | 7.25 | 11.57 | 1.13 | -0.58 |
| EBITDA | 12.44 | 21.02 | 2.59 | -0.58 |
| Net Worth | 26.87 | 19.62 | 8.05 | -0.48 |
| Reserves and Surplus | 11.87 | 12.12 | 0.55 | -0.58 |
| Total Borrowing | 37.47 | 43.85 | 33.91 | 16.62 |
Amount in ₹ crore.
Yashhtej Industries (India) Ltd.: Industry Outlook
• Demand for soybean oil and soybean meal continues across edible oil refining and animal feed segments
• Protein rich feed products such as DOC remain relevant for livestock and poultry industries
• Integration into renewable energy such as solar power can support operational efficiency
• Performance remains linked to raw material prices, agri cycles, and commodity market volatility
Conclusion
Yashhtej Industries (India) Limited presents an SME IPO opportunity for investors seeking exposure to a soybean crude oil and de oiled cake manufacturer operating in the B2B segment. The company has reported growth in its top and bottom lines in recent periods and is undertaking capital expenditure and working capital expansion through the IPO proceeds.
However, investors should consider risks such as commodity price fluctuations, leverage levels, and sustainability of recent growth trends. Careful evaluation of the offer document and alignment with individual risk appetite remains important before participating in the IPO.
