Silky Overseas Limited IPO...
28 Jun, 2025
Neetu Yoshi Limited IPO
Neetu Yoshi Limited has come up with an SME IPO to raise about ₹77.04 crores by issuing 1,02,72,000 equity shares of face value of 5 each. The price range for the initial public offering is set at ₹71 to ₹75 per share. The initial public offering (IPO) will commence on June 27, 2025, and close on July 1, 2025. Being an SME IPO, the shares will be listed on the BSE SME platform. Retail investors will be able to buy in lots of 1,600 shares, which is approximately 1,20,000 per lot.
Company Background
Neetu Yoshi Limited is a manufacturing company that was incorporated in January 2020 and is based in Dehradun, Uttarakhand. Neetu Yoshi Limited specializes in the manufacture of customized ferrous metallurgical products mainly for critical applications of Indian Railways. It is an RDSO-approved supplier of essential components for locomotive and coach braking, propulsion and structural support systems.
Operations & Product Range
Facility & Production:
The company produces ferrous metallurgical products, such as brake beams, coupling components, axle boxes and castings related to suspension. The weight of these products varies between 0.2 kg and 500 kg. The company is establishing a new production plant which is partly financed by the IPO.
Brands & Market Presence:
Neetu Yoshi is a major supplier to Indian Railways, a certified supplier of critical infrastructure requirements with customized metallurgical components. The product range of this company plays a major role in the safety and efficiency of the Indian railways.
Revenue Channels
Neetu Yoshi earns its income mainly by selling its metallurgical products to the Indian Railways. The company has demonstrated financial growth with revenue increasing to ₹47.45 crore in FY24 as compared to ₹16.23 crore in FY23 and a corresponding increase in PAT to ₹12.58 crore in FY24 as compared to ₹42.32 lakh in FY23.
Management & Shareholding
Promoters and Shareholdings
The promoters of Neetu Yoshi Limited, Mr. Himanshu Lohia, Mr. Subodh Lohia, and Mrs. Saundarya Lohia, maintain a significant majority position in the business, holding 95.23% of the shares before the issuance.
Board Members
Mr. Himanshu Lohia is the Managing Director and Chief Financial Officer, whereas Mr. Subodh Lohia is the Whole-Time Director of the management team. The board also has two Independent Directors Ms. Jyoti Sudhir and Mr. Kumar Sharat Chandra and Mrs. Saundarya Lohia as a Non-Executive Director, which provides good governance and strategic direction to the company.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Neetu Yoshi Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Neetu Yoshi Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | June 27, 2025 to July 1, 2025 |
| Listing Date | - |
| Face Value | ₹5 per share |
| Issue Price Band | ₹71 to ₹75 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 1,02,72,000 shares (aggregating up to ₹77.04 Cr) |
| Reserved for Market Maker | 5,20,000 shares (aggregating up to ₹3.90 Cr) |
| Net Offered to Public | 97,52,000 shares (aggregating up to ₹73.14 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 2,85,40,600 shares |
| Share Holding Post Issue | 3,88,12,600 shares |
Neetu Yoshi Limited IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Fri, Jun 27, 2025 |
| IPO Close Date | Tue, Jul 1, 2025 |
| Tentative Allotment | Wed, Jul 2, 2025 |
| Initiation of Refunds | Thu, Jul 3, 2025 |
| Credit of Shares to Demat | Thu, Jul 3, 2025 |
| Tentative Listing Date | Fri, Jul 4, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 1, 2025 |
Neetu Yoshi Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹1,20,000 |
| Retail (Max) | 1 | 1600 | ₹1,20,000 |
| HNI (Min) | 2 | 3,200 | ₹2,40,000 |
Neetu Yoshi Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 95.23% |
| Share Holding Post Issue | - |
Competitive Strength:
- ● The company's reputation and compliance with Indian Railways requirements are attested by its RDSO certification.
- ● Product line tailored to meet important railway applications.
- ● Strong financial performance with revenue and profit increasing several times in recent years.
- ● Supported by anchor investors who have already invested ₹21.90 crore before the launch of the IPO.
Neetu Yoshi Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2024 | 53.16 | 51.47 | 11.99 | 40.14 | 8.4 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 38.5 | 47 | 12.58 | 19.74 | 17.39 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 14.63 | 16.33 | 0.42 | 5.57 | 8.25 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 3.08 | 4.63 | 0.07 | 2.69 | - | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROCE | 43.74% |
| Debt/Equity | 0.88 |
| RoNW | 99.20% |
| PAT Margin | 26.58% |
| EBITDA Margin | 36.31% |
| Price to Book Value | 10.29 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.41 | 4.12 |
| P/E (x) | 17.02 | 18.2 |
IPO Objectives
The following are the main goals of Neetu Yoshi Limited's IPO:
- Establishing a new manufacturing plant (about ₹50.78 crore).
- For general corporate purposes and business & efficiency.
Conclusion
The initial public offering (IPO) of Neetu Yoshi Limited provides investors with a great chance to become involved in a developing SME that specialises in metallurgical goods for Indian Railways. The company wants to stabilize its position in the market and expand its operations with this capital raise, with strong financial performance, RDSO certification and capacity expansion plans.
RHP:
DRHP:
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Frequently asked Questions (FAQs )
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1. When will the IPO open and close?
The initial public offering (IPO) is set to start on June 27, 2025, and conclude on July 1, 2025.
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2. How much does a retail investor need to invest?
For retail investors, bidding on at least one lot of 1,600 shares costs approximately ₹1,20,000.
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3. How will the IPO funds be used primarily?
IPO proceeds will be used to establish a new manufacturing plant and for other corporate purposes.
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4. How has the company performed financially recently?
For FY24, revenue was ₹47.45 crore with a PAT of ₹12.58 crore, showing strong growth from the previous fiscal year.
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5. Who is managing the IPO?
Skyline Financial Services Private Limited is serving as the company's registrar, while Horizon Management is overseeing the entire initial public offering.
