Neetu Yoshi IPO opens June 27, price band fixed at Rs 71-75. Check details
Synopsis Neetu Yoshi Ltd's Rs 77.04 crore IPO opens on June 27 on the BSE SME platform. The metallurgical firm will use proceeds to build a new manufacturing facility. Its RDSO-certified unit supplies key safety parts to Indian Railways. The initial public offering (IPO) of metallurgical engineering company Neetu Yoshi will be available for public bidding from Friday, June 27 and the company has fixed a price band of Rs 71-75 for this issue.
ADVERTISEMENT The company aims to raise Rs 77.04 crore (at the upper end of the price band), with its shares proposed to be listed on the BSE SME platform.
Here are the key details you need to know:
The issue size is 1,02,72,000 equity shares at a face value of Rs 5 each with a price band of Rs 71 - Rs 75 per Share.As part of the equity share allocation structure, up to 29,20,000 equity shares have been reserved for the anchor investor portion. The Qualified Institutional Buyer (QIB) category may be allocated up to 19,52,000 equity shares.A minimum of 14,65,600 equity shares will be allotted to Non-Institutional Investors (NIIs), while retail individual investors (RIIs) will receive not less than 34,14,400 equity shares. Additionally, up to 5,20,000 equity shares have been earmarked for the market maker category.
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The net proceeds from the IPO will be utilized for the setting up of a new manufacturing facility and for general corporate purposes.
The Book Running Lead Manager to the Issue is Horizon Management Private Limited, and the Registrar to the Issue is Skyline Financial Services Private Limited.
ADVERTISEMENT Neetu Yoshi Ltd is a metallurgical engineering company manufacturing critical safety spares for railways. The products include mild steel, spheroidal graphite iron, cast iron, and manganese steel (0.2 kg to 500 kg). The Company is an RDSO-certified vendor supplying 25+ critical safety spare parts for Indian Railways, specializing in braking solutions, suspensions, propulsion aids and coupling attachments.The company has established a Class 'A' RDSO-certified manufacturing facility in Bhagwanpur, Uttarakhand, spanning 7,173 sq. meters with 8,087 MTPA capacity. With advanced infrastructure, in-house testing, and a strategic location, the company delivers precision-engineered, high-quality metallurgical products at competitive prices. As a late mover, Neetu Yoshi leverages advanced technology, CNC precision, and cost-efficient processes to gain a competitive edge while developing next-gen railway solutions.
ADVERTISEMENT In FY24, the company achieved a revenue of Rs 4,733.42 lakh, EBITDA of Rs 1,718.57 lakh, and a PAT of Rs 1,257.72 lakh. For the nine-month period ended December 31, 2024, the company achieved a revenue of Rs 5,136.08 lakh, EBITDA of Rs 1,684.89 lakh, and a PAT of Rs 1,199.24 lakh.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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