Yajur Fibres IPO, Jan. 7 -- The initial public offering (IPO) of Yajur Fibres has opened for subscription today, January 7, aiming to raise Rs.120 crore through the maiden share sale.

As of 5:00 PM, the issue had received bids for 60.61 lakh shares against 65.73 lakh shares on offer, resulting in a subscription rate of 0.92 times. Segment-wise, the retail portion was fully booked, while the non-institutional investor category was subscribed 0.73 times.

The Qualified Institutional Buyers also showed strong interest, as their quota was booked 1.03 times, according to exchange data.

The company proposes to utilise the net proceeds from the IPO for capacity expansion, working capital requirements, and general corporate purposes.

1. Yajur ...