Neetu Yoshi Limited IPO Receives Strong Support from Retail Investors on Day One, GMP Reaches ₹24. The company manufactures railway safety equipment, shares to be listed on BSE SME on July 4.
The Initial Public Offering (IPO) of Neetu Yoshi Limited, a railway safety equipment manufacturer, received a significant response from investors on the first day. Retail investors, in particular, showed considerable interest in the issue. This book-building issue, valued at ₹77.04 crore, received a total subscription of 58 percent on the first day, with the retail investor portion being filled up to 91 percent.
The company's IPO opened on June 27, 2025, and will remain open for investment until July 1. The price band for the issue has been set at ₹71 to ₹75 per share, and a minimum application of one lot, or 1600 shares, is required for investment.
Momentum Continues in the Grey Market, GMP Reaches ₹24
Even before the IPO, the Grey Market Premium (GMP) of Neetu Yoshi Limited was a topic of discussion. Its GMP in the market has consistently remained at ₹24, which represents a premium of approximately 32 percent compared to the upper price band of ₹75. This implies that investors who receive the allotment may potentially get a good return upon listing.
This indication of continued strength in the grey market has created confidence among investors, and that is why the issue has received a better-than-expected subscription on the very first day.
Technical Details and Investment Conditions of the IPO
Neetu Yoshi Limited's issue has been released in the form of a total of 102.72 lakh new equity shares. Under this issue, retail investors are required to apply for at least one lot, which costs approximately ₹1.20 lakh. High Net Worth Investors (HNIs) will have to apply for at least two lots, i.e., 3200 shares.
The Qualified Institutional Buyers (QIBs) portion in this issue remained at zero on the first day, while the Non-Institutional Investors (NIIs) category was able to fill up to 58 percent. This data indicates that the interest of investors was highest in the retail segment.
Company's Business and Key Products
Neetu Yoshi Limited is a metallurgical engineering company that manufactures safety parts and crucial mechanical components for railways. The company is certified by RDSO (Research Design and Standards Organization), which validates the quality and technical standards of its products.
The company's products include braking systems, suspensions, coupling attachments, and propulsion-related critical components. These products are used in both the safety and operations of railways. The company uses materials like mild steel, manganese steel, cast iron, and spheroidal graphite iron.
Its products range in weight from 0.2 kilograms to 500 kilograms, which shows that the company is capable of meeting the needs of every level, from small to large.
Manufacturing Plant and Technical Capacity
Neetu Yoshi Limited's manufacturing plant is located in Bhagwanpur, Uttarakhand. This plant is spread over an area of 7,173 square meters and has an annual production capacity of 8,087 metric tons.
This unit has high-tech CNC machines, in-house testing labs, and quality control equipment, which ensure the purity and strength of the products. This factory is of Class 'A' grade and is fully equipped with modern technologies.
Company's Financial Performance
In fiscal year 2024, Neetu Yoshi Limited earned a total revenue of ₹4,733.42 lakh. During this period, the company's EBITDA was ₹1,718.57 lakh and net profit (PAT) was ₹1,257.72 lakh.
The company's performance in the first 9 months of Financial Year 2025 was even better. As of December 31, 2024, the company reported a turnover of ₹5,136.08 lakh, an EBITDA of ₹1,684.89 lakh, and a PAT of ₹1,199.24 lakh. This indicates that the company's growth track is continuously moving in a positive direction.
Use of Funds Raised from the IPO
The company has stated that the major portion of the capital received from this issue will be invested in establishing a new manufacturing unit. Also, the remaining amount will be used to meet other general corporate needs. This will increase the company's production capacity and enable it to take new orders.
Share Allotment and Listing Dates
The issue will close on July 1. After this, investors will get information about share allotment on July 2. Shares will be credited to the investors' Demat accounts on July 3. The company's shares are likely to be listed on the BSE SME platform on July 4.
