Yogiji Digi Raises ₹39 Crore in Pre-IPO Placement at ₹216 per Share Ahead of Public Issue
Yogiji Digi Ltd, an indigenous flat steel processing solutions provider, has raised ₹39 crore from investors in a pre-IPO placement ahead of its proposed initial public offering (IPO).
According to a public announcement, the Faridabad-based company allotted 18,05,555 equity shares with a face value of ₹10 each at an issue price of ₹216 per share to 11 investors. The participants in the funding round include RB4 Finance and Investment Co, Mayveen Partners, Sameeh Trinity Partners, and Lunor Commercials Pvt Ltd.
The company stated that the ₹39 crore secured from this placement will be deducted from the fresh issue component of its proposed public issue, in accordance with regulatory provisions outlined in its Draft Red Herring Prospectus (DRHP).
IPO Structure and Utilisation Plans
Yogiji Digi filed its preliminary draft papers with the Securities and Exchange Board of India (SEBI) in July.
The public offering initially comprised:
- A fresh issue of equity shares worth up to ₹270 crore (now to be reduced by ₹39 crore following the pre-IPO transaction).
- An offer for sale (OFS) of up to 71,71,290 equity shares by existing promoters and investor shareholders.
The selling shareholders in the OFS include promoters Navneet Singh, Sameer Bansal, and Satish Kumar Tripathi, as well as promoter group entities Navneet Gill (HUF) and Samir Bansal HUF. Outside investors participating in the OFS include S Gupta Family Enterprises, Coinmen Special Opportunities Fund, Anubhav Gupta Investments, and Anubhav Gupta Ventures.
Net proceeds from the fresh capital raise are earmarked for several operational and balance-sheet requirements:
- Meeting working capital requirements to finance execution of long-cycle orders.
- Prepayment or repayment of outstanding borrowings to lower finance costs.
- General corporate purposes.
Business Operations and Financial Growth
Yogiji Digi designs, manufactures, and commissions equipment for flat steel processing. Its product suite covers cold rolling mills, annealing and pickling lines, acid regeneration plants, metal coating lines, colour coating lines, skin pass mills, ancillary lines, revamping services, and integrated automation systems.
The company's financials have grown steadily alongside domestic steel capacity additions. In FY26, Yogiji Digi reported revenue of ₹626.1 crore, rising from ₹479.7 crore in the previous fiscal year. Its net profit advanced to ₹40.4 crore in FY26 compared to ₹28 crore in FY25.
Emkay Global Financial Services and Systematix Corporate Services are serving as the book-running lead managers for the issue, with Bigshare Services acting as the registrar. The equity shares are proposed to be listed on both the BSE and the National Stock Exchange of India (NSE).
