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Business Standard
04-07-2025
- Business
- Business Standard
BSE SME Neetu Yoshi forges a strong debut
Shares of Neetu Yoshi was trading at Rs 110.25 on the BSE, a premium of 47% compared with the issue price of Rs 75. The scrip was listed at Rs 105, a premium of 40% compared with the initial public offer (IPO) price. The stock was currently frozen at its upper limit of 5% over its listing price. The counter hit a high of Rs 110.25 and a low of Rs 100.20. About 52.37 lakh shares of the company changed hands at the counter. Neetu Yoshi's IPO was subscribed 119.19 times. The issue opened for bidding on 27 June 2025 and it closed on 1 July 2025. The price band of the IPO was set at Rs 71 to 75 per share. The IPO comprised fresh issue of 1,02,72,000 shares. The company intends to utilize the net proceeds for setting up of new manufacturing facility and general corporate purpose. Ahead of the IPO, Neetu Yoshi on 26 June 2025, raised Rs 21.90 crore from anchor investors. The board allotted 29.20 lakh shares at Rs 75 per share to 15 anchor investor. Neetu Yoshi is a foundry equipped with an integrated CNC machine shop, specializing in the manufacturing of customized ferrous metallurgical products. Its product portfolio includes various grades of mild steel, spheroidal graphite iron (SG iron), cast iron, and manganese steel. The company produces finished metallurgical components ranging in weight from as small as 0.2 kg to up to 500 kg. Neetu Yoshi is an RDSO-certified vendor for the manufacturing and supply of over 25 casting products for Indian Railways. It offers customers a comprehensive range of both standard and customized products, backed by a diverse portfolio of over 25 offerings and the capability to develop bespoke solutions. As of 31 March 2025, the company had 86 employees. The company recorded revenue from operations of Rs 51.36 crore and net profit of Rs 11.99 crore for the period ended 31 December 2024.
Time of India
04-07-2025
- Business
- Time of India
Neetu Yoshi shares to list today. GMP points to healthy opening
Neetu Yoshi Limited is set to debut on the BSE SME platform on Friday, July 4, after witnessing robust investor interest in its Rs 77.04 crore IPO. The issue, entirely a fresh offering of 1.02 crore shares at a price of Rs 75 per share, was subscribed 128.18 times overall, with strong demand across investor categories. Retail investors bid 91.21 times their allocated portion, while non-institutional investors (NII) oversubscribed their quota by a staggering 256.69 times. Qualified Institutional Buyers (QIBs) also showed healthy participation, subscribing 96.36 times. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Is your tinnitus getting worse? Do this immediately (Watch) Hearing Magazine Undo The grey market premium (GMP) for Neetu Yoshi IPO stood at Rs 18.5 on the eve of listing, indicating an expected listing price of around Rs 93.5 per share, a 24% premium over the issue price. The public issue garnered significant traction owing to the company's sharp earnings growth and its role as an RDSO-certified vendor to Indian Railways. The IPO proceeds will be used primarily to set up a new manufacturing facility, with the remaining funds allocated to general corporate purposes. Based in Uttarakhand, Neetu Yoshi manufactures customized ferrous metal castings used in railway components such as brake beams, couplers, axle boxes, and structural castings. Live Events The company serves Indian Railways and allied sectors through a fully equipped plant and offers a diverse portfolio including cast iron, SG iron, and manganese steel products. Financially, Neetu Yoshi has shown a sharp uptrend. For FY24, it reported revenue of Rs 47.45 crore and net profit of Rs 12.58 crore. The IPO was managed by Horizon Management, with Skyline Financial as registrar. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Mint
02-07-2025
- Business
- Mint
Neetu Yoshi IPO share allotment to be finalised today: How to check status? A step-by-step guide
Neetu Yoshi IPO allotment in focus: The allotment for the Neetu Yoshi IPO is expected to be finalized today, July 02. Investors can check their allotment status through the registrar, Skyline Financial Services Private, or the BSE website. The IPO, which was open for subscription from June 27 to July 01, saw a robust response from investors, being oversubscribed by 128 times. Specifically, the non-institutional investor (NII) segment was oversubscribed 256 times, while the retail portion was oversubscribed 91.92 times and the QIB was booked at 96 times. The IPO price was set at ₹ 75 per share. Given the high level of retail oversubscription, shares will be allocated to retail individual investors (RIIs) on a proportional basis. Those who do not receive an allotment can expect the refund process to start on July 03, 2025. Shares allotted will be credited to investors' demat accounts on the same day as the refunds. The SME IPO is expected to be listed on the BSE SME platform, with a tentative date of July 04, 2025. The company plans to use the net proceeds from the IPO for several purposes, including setting up a new manufacturing facility and general corporate purposes. If you have applied for the Neetu Yoshi IPO, you can check your allotment status on the website of the IPO registrar, Skyline Financial Services Private Ltd. You can check the Neetu Yoshi IPO allotment status at this link: Step 1: Visit the above link, which will take you to Neetu Yoshi IPO's registrar's website, i.e., Skyline Financial Services Private Ltd. Step 2: Choose the IPO in the dropbox that will only have its name set if the allocation is completed. Step 3: Pick one of all three options to check the status: Application No., Demat Account, or PAN. Step 4: The screen will show the IPO status, and the number of Neetu Yoshi IPO shares allotted. Step 1: Visit the allotment page on BSE's official website: Step 2: Under 'Issue Type,' select 'Equity.' Step 3: Choose the IPO from the drop-down option under 'Issue Name.' Step 4: Enter the PAN or application number. Step 5: Click on 'I am not a robot' to confirm your identity, then hit the 'Submit' button. The allotment status will appear on your screen. Incorporated in January 2020, Neetu Yoshi Limited is engaged in the business of manufacturing customized products in different grades of ferrous metallurgical products. The company offers a product portfolio of mild steel, spheroidal graphite iron, cast iron, and manganese steel, ranging from 0.2 kg to 500 kg. It is an RDSO-certified vendor for Indian Railways. The company offers a wide range of standard and customized products, primarily serving Indian Railways with critical components like braking solutions, suspensions, propulsion aids, and coupling attachments for trains. The Neetu Yoshi GMP, or grey market premium, stands at ₹ 25 per share today, indicating that the stock may list at ₹ 100, 33.3% higher than the issue price of ₹ 75. The grey market premium reflects investors' willingness to pay more than the issue price. Disclaimer: We advise investors to check with certified experts before making any investment decisions.
Time of India
02-07-2025
- Business
- Time of India
Neetu Yoshi IPO GMP signals up to 29% listing gain; BSE debut on July 4
The grey market premium (GMP) for Neetu Yoshi's SME IPO is signalling a strong debut, with shares trading at a premium of Rs 22–24 over the issue price of Rs 75 as of July 2. This suggests a potential listing gain of up to 29% when the stock debuts on the BSE SME platform on July 4. The IPO, which closed on July 1, was subscribed 119.19 times, reflecting strong investor appetite. Non-institutional investors led the charge with 189.73 times subscription, followed by QIBs at 96.36 times, and retail investors at 91.21 times. Also Read: 10 Nifty smallcaps with up to 29 buy calls; analysts see up to 26% upside Neetu Yoshi raised Rs 77.04 crore through the sale of 1.02 crore equity shares at a fixed price. The company plans to use Rs 50.8 crore from the proceeds to establish a new manufacturing facility, with the balance allocated for general corporate purposes. Ahead of the IPO, Neetu Yoshi also secured Rs 21.90 crore from anchor investors, indicating early institutional interest. Incorporated in 2020, the Uttarakhand-based company specialises in customised ferrous metallurgical products for the Indian Railways. Its product line includes brake beams, axle boxes, coupling components, and suspension castings—ranging from 0.2 kg to 500 kg. As an RDSO-certified vendor, it plays a critical role in supplying components essential to railway braking and propulsion systems. The issue was managed by Horizon Management, with Skyline Financial Services acting as the registrar. With strong fundamentals, high subscription, and positive grey market signals, investors are now eyeing the stock's debut on July 4. 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)
