Haryana-based cold rolling mills manufacturer Yogiji Digi filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on July 20 to raise funds through an initial public offering. According to reports from Moneycontrol, the public issue comprises of fresh issue of shares worth ₹270 crore, while existing shareholders, including the promoters, will sell up to 71.71 lakh equity shares through an offer-for-sale (OFS). The promoters held a 45.27 percent stake in the company at the time of filing the DRHP, while the remaining 54.73 percent was owned by public shareholders. As reported by The Economic Times, the company may also undertake a pre-IPO placement of up to ₹39 crore, with the amount raised through this placement being deducted from the size of the fresh issue.
As reported by Moneycontrol, the company plans to utilise the IPO proceeds primarily for its working capital requirements and the repayment of loans, apart from general corporate purposes. Of the net proceeds from the fresh issue, ₹140 crore will be allocated towards working capital requirements, while ₹45 crore will be used for debt reduction. As of May 2026, the total outstanding amount under the company's term loan facilities stood at ₹55 crore, according to Yogiji Digi. The OFS includes 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.
According to reports from Moneycontrol, Yogiji Digi supplies flat steel processing equipment to domestic and international customers across the steel, metal processing, and allied sectors, including both independent flat steel manufacturers and integrated steel producers. The company has delivered healthy financial performance in recent years, with its profit for FY26 growing 44.2 percent to ₹40.4 crore from ₹28 crore in the previous year, while revenue increased 30.5 percent to ₹626.1 crore from ₹479.7 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.
According to a CRISIL report cited in the draft papers, domestic flat steel demand in India grew at a compound annual growth rate (CAGR) of 7.88% between FY20 and FY26, rising from 4.85 crore tonnes to 7.65 crore tonnes, driven by robust demand from the automotive, construction and infrastructure sectors. Flat steel production in the country increased at a CAGR of 6.97% during the same period, from 4.99 crore tonnes in FY20 to 7.47 crore tonnes in FY26. It is projected to grow at a CAGR of 6.5%-7.5% between FY26 and FY31, reaching 10-10.5 crore tonnes annually by FY31, as reported by The Economic Times.
As reported by Moneycontrol, Emkay Global Financial Services and Systematix Corporate Services have been appointed as the merchant bankers for the Yogiji Digi IPO. Bigshare Services has been appointed as the registrar for the public offering. The appointment of these established financial services firms indicates the company's commitment to professional guidance throughout the public offering process.
