New Delhi, Jan. 14 -- Shares of Yajur Fibres debuted at a 20% discount to the issue price and extended fall to hit their lower circuit on Wednesday, January 14. Yajur Fibres' share price opened at Rs.139.20 against the IPO price of Rs.174 and dropped as much as 24% from the issue price to hit the lower price band of Rs.132.25. Around 10:15 am, the SME stock was locked at its 5% lower circuit of Rs.132.25.

Yajur Fibres GMP on Wednesday morning was nil, indicating that the stock could have listed at par with the issue price.

Yajur Fibres is engaged in the processing and manufacturing of bast fibres, including flax, jute, and hemp.

According to the company's DRHP, it cottonizes long, brittle bast fibres into short, cotton-like fibres that...