Yogiji Digi IPO: Company Files DRHP with SEBI for ₹270 Crore Fresh Issue, Promoters Launch OFS

Yogiji Digi Ltd, a Faridabad-based manufacturer of flat steel processing equipment and solutions, filed its DRHP with SEBI on July 20, marking the first step towards a public listing. PTI reported

The IPO comprises a fresh issue of equity shares worth ₹270 crore and an offer for sale (OFS) of up to 71.71 lakh equity shares by promoters and existing shareholders, according to the draft papers.

The company plans to utilise the proceeds from the fresh issue primarily to meet working capital requirements and repay debt. Of the total proceeds, ₹140 crore has been earmarked for working capital requirements and ₹45 crore for the prepayment or repayment of borrowings, while the remaining amount will be used for general corporate purposes. As of May 2026, the company's outstanding term loans stood at ₹55 crore.

Yogiji Digi may also undertake a pre-IPO placement of up to ₹39 crore. If the placement is completed, the size of the fresh issue will be reduced by a corresponding amount.

The OFS comprises stake sales by promoters Navneet Singh, Sameer Bansal and Satish Kumar Tripathi; promoter group entities Navneet Gill (HUF) and Samir Bansal HUF; and investors S Gupta Family Enterprises, Coinmen Special Opportunities Fund, Anubhav Gupta Investments and Anubhav Gupta Ventures. Promoters held a 45.27% stake in the company at the time of filing, while the remaining 54.73% was held by public shareholders.

Yogiji Digi Financial Performance

Yogiji Digi reported a 30.5% year-on-year increase in revenue to ₹626.1 crore in FY26 from ₹479.7 crore in FY25. Net profit rose 44.2% to ₹40.4 crore from ₹28 crore during the same period.

The company's product portfolio includes cold rolling mills, annealing and pickling lines, acid regeneration plants, metal coating lines, colour coating lines, skin pass mills, ancillary lines, spares and components, revamps and retrofitting, and electrical and automation solutions. It supplies equipment to independent flat steel manufacturers as well as integrated steel producers in domestic and international markets.

Flat Steel Demand Outlook

According to a CRISIL report cited in the DRHP, domestic flat steel demand grew at a compound annual growth rate (CAGR) of 7.88% between FY20 and FY26, increasing from 4.85 crore tonnes to 7.65 crore tonnes, driven by demand from the automotive, construction and infrastructure sectors.

Flat steel production rose at a CAGR of 6.97% over the same period, from 4.99 crore tonnes to 7.47 crore tonnes. It is projected to grow at a CAGR of 6.5-7.5% between FY26 and FY31, reaching 10-10.5 crore tonnes annually.

Yogiji Digi IPO Key Details

The book-running lead managers to the issue are Emkay Global Financial Services and Systematix Corporate Services, while Bigshare Services has been appointed as the registrar to the issue.

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