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Economic Times
27-06-2025
- Business
- Economic Times
Neetu Yoshi IPO opens: Check issue size, price band, GMP and other details
Neetu Yoshi has opened its Rs 77 crore IPO today. The entirely fresh issue comprises 1.02 crore equity shares and will remain open for subscription till July 1. The allotment is expected on July 2, with listing tentatively scheduled for July 4 on the BSE SME platform. ADVERTISEMENT With a price band set at Rs 71 to Rs 75 per share, investors can bid for a lot size of 1,600 shares. Ahead of the issue opening, the GMP is around Rs 24, which is 32% above the issue price. The issue is being managed by Horizon Management, with Skyline Financial Services as registrar. The company has also secured Rs 21.90 crore from anchor investors ahead of the public offering, reflecting early institutional interest in this engineering-driven SME debut. Incorporated in 2020, Neetu Yoshi specialises in the manufacturing of customized ferrous metallurgical products for critical applications in Indian company's product line includes brake beams, coupling components, axle boxes, and suspension-related castings, ranging in weight from 0.2 kg to 500 kg. As an RDSO-certified vendor, it plays a key role in supplying parts vital to braking, propulsion, and structural support systems in locomotives and Neetu Yoshi has shown healthy growth, posting a revenue of Rs 47.45 crore and PAT of Rs 12.58 crore for FY 2023–24. ADVERTISEMENT The IPO proceeds will primarily be used to set up a new manufacturing facility (Rs 50.78 crore) and for general corporate purposes. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
27-06-2025
- Business
- Time of India
Neetu Yoshi IPO opens: Check issue size, price band, GMP and other details
Neetu Yoshi has opened its Rs 77 crore IPO today. The entirely fresh issue comprises 1.02 crore equity shares and will remain open for subscription till July 1. The allotment is expected on July 2, with listing tentatively scheduled for July 4 on the BSE SME platform. With a price band set at Rs 71 to Rs 75 per share, investors can bid for a lot size of 1,600 shares. Ahead of the issue opening, the GMP is around Rs 24, which is 32% above the issue price. The issue is being managed by Horizon Management , with Skyline Financial Services as registrar. The company has also secured Rs 21.90 crore from anchor investors ahead of the public offering, reflecting early institutional interest in this engineering-driven SME debut. Incorporated in 2020, Neetu Yoshi specialises in the manufacturing of customized ferrous metallurgical products for critical applications in Indian Railways. The company's product line includes brake beams, coupling components, axle boxes, and suspension-related castings, ranging in weight from 0.2 kg to 500 kg. As an RDSO-certified vendor, it plays a key role in supplying parts vital to braking, propulsion, and structural support systems in locomotives and coaches. Live Events Financially, Neetu Yoshi has shown healthy growth, posting a revenue of Rs 47.45 crore and PAT of Rs 12.58 crore for FY 2023–24. The IPO proceeds will primarily be used to set up a new manufacturing facility (Rs 50.78 crore) and for general corporate purposes. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Zawya
02-06-2025
- Business
- Zawya
Egypt, China ink integrated operation, maintenance agreement for CBD in New Capital
Arab Finance: The New Urban Communities Authority (NUCA) and an Egyptian-Chinese alliance represented by Horizon Management Company have signed an integrated operation and maintenance agreement for the Central Business District (CBD) in Egypt's New Administrative Capital, as per a statement. Minister of Housing, Utilities, and Urban Communities Sherif El-Sherbiny described the agreement as a major step in the modernization of public utility management in Egypt. He said the new model, known as Cost + Margin, strikes a balance between maintaining service quality and ensuring operational sustainability, while preserving state oversight through budget approvals and performance reviews. The agreement covers the management and maintenance of core infrastructure including electricity and water networks, fire systems, and other critical utilities. It also extends to public cleaning, security and safety services, green space upkeep, and environmental monitoring. El-Sherbiny noted that the agreement mandates full compliance with technical specifications and legal standards by all service providers. It includes a system of financial and technical oversight, regular performance monitoring, budget reviews, and the preparation of detailed evaluation reports submitted to the NUCA. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
