Latest news with #NeetuYoshi
Mint
2 days ago
- Business
- Mint
Neetu Yoshi IPO Day 1: GMP, subscription status, price band, other details of BSE SME IPO
Neetu Yoshi IPO: The initial public offering (IPO) of customised ferrous metallurgical products manufacturer opened for subscription on Friday, June 27. The book-building issue of ₹ 77.04 crore is entirely a fresh issue of 1,02,72,000 shares. The latest grey market premium of Neetu Yoshi indicates the stock could be listed at a healthy premium of over 30 per cent. By 10:25 AM on the first day of subscription, the issue had been subscribed to 2 per cent, with the retail portion booked 4 per cent and the segment reserved for non-institutional investors (NIIs) subscribed 3 per cent. The segment reserved for qualified institutional buyers had not seen any subscriptions until then. 1. Neetu Yoshi IPO GMP: According to market sources, the latest grey market premium (GMP) of Neetu Yoshi shares was ₹ 24. The latest GMP indicates the stock could be listed at a 32 per cent premium. 2. Neetu Yoshi IPO date: The BSE SME IPO opened for subscription on Friday, June 27, and will conclude on Tuesday, Jul 1. 3. Neetu Yoshi IPO price: The price band of the public issue has been fixed at ₹ 71 to ₹ 75 per equity share. 4. Neetu Yoshi IPO size: The company intends to raise ₹ 77 crore from the issue, which, according to the RHP, it will use to set up a new manufacturing facility and for general corporate purposes. 5. Neetu Yoshi IPO lot size: Bidders can apply in lots, and one lot of the SME IPO comprises 1,600 company shares. 6. Neetu Yoshi IPO reservation: 48,72,000 shares are reserved for QIBs, while 34,14,400 shares are reserved for retail investors. 14,65,600 shares are reserved for NIIs. 7. Neetu Yoshi IPO allotment date: The IPO is closing on Tuesday, July 1, so as per SEBI's listing rules, the company is expected to finalise the share allotment on Wednesday, July 2. Successful bidders can expect shares of the company in their demat accounts on Thursday, July 3, and bidders who fail to get the allocation may get the refund on the same day. 8. Neetu Yoshi IPO book-running lead manager and registrar: Horizon Management Private Limited is the book-running lead manager, while Skyline Financial Services Private Limited is the registrar for the issue. 9. Neetu Yoshi IPO listing: As per SEBI's T+3 rule of IPO listing, the SME IPO is proposed for listing on the BSE SME on Friday, July 4. 10. Neetu Yoshi's business overview: According to Neetu Yoshi's RHP, the company is a foundry with an integrated CNC machine shop engaged in the business of manufacturing customised products in different grades of ferrous metallurgical products. "Our product portfolio covers different grades of mild steel, spheroidal graphite iron, cast iron and manganese steel, from as small as 0.2 kgs to 500 kgs finished metallurgical products. We are a RDSO-certified vendor for the manufacturing and supply of over 25 casting products for Indian Railways," says the RHP. The company's profit for FY22 stood at ₹ 7.03 lakh, which rose to ₹ 42.32 lakh in FY23 and surged to ₹ 12.58 crore in FY24. In FY25, till December 31, the company's profit was ₹ 12 crore. Revenue from operations for FY22 came at ₹ 4.59 crore, for FY23 at ₹ 16.23 crore, for FY24 at ₹ 47.33 crore and for FY25 (till December 31) at ₹ 51.36 crore. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
Economic Times
2 days ago
- 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
2 days ago
- 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)
Economic Times
6 days ago
- Business
- Economic Times
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 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. ADVERTISEMENT 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 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) (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
Time of India
6 days ago
- Business
- Time of India
Neetu Yoshi IPO opens June 27, price band fixed at Rs 71-75. Check details
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. 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. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The World's Most Stunning Blue Flag Beaches Ranked: Top 25 List! Read More Here are the key details you need to know: Neetu Yoshi IPO size 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. Live Events 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. Net proceeds from the Neetu Yoshi IPO The net proceeds from the IPO will be utilized for the setting up of a new manufacturing facility and for general corporate purposes. Book running lead managers of Neetu Yoshi IPO 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. About the company 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. Neetu Yoshi financial performance 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.
