Neetu Yoshi IPO Review

Neetu Yoshi is a metallurgical engineering company engaged in the business of manufacturing of customized products in different grades of ferrous metallurgical products. Their product portfolio covers different grades of mild steel, spherical graphite iron, cast iron and manganese steel, from as small as 0.2 Kgs to 500 Kgs finished metallurgical products.

  The company is promoted by HIMANSHU LOHIA, SUBODH LOHIA possesses over 4 years of experience in the field of production and finance. His other ventures include Neetus Delight Private Limited and Neetu Realty Private Limited and SAUNDARYA LOHIA possesses 4 years of work experience as a Chief Financial Officer (CFO) in Hariom Industries Limited.

The Revenues from operations for the period ended on Dec 31, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 5,146.85 Lakh, ₹ 4,745.36 Lakh, ₹ 1,632.83 Lakh and ₹ 462.99 Lakh respectively. The EBITDA for the period ended on Dec 31, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 1,684.88 Lakh, ₹ 1,718.56 Lakh, ₹ 120.55 Lakh, and ₹ 17.49 Lakh, respectively. The Profit after Tax for the period ended on Dec 31, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 1,199.24 Lakh, ₹ 1,257.72 Lakh, ₹ 42.32 Lakh, and ₹ 7.03 Lakh respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue EPS of ₹ 7.39 and post-issue EPS of ₹ 3.24 for FY24. The pre-issue P/E ratio is 10.15x, while the post-issue P/E ratio is 23.17x against the Industrt P/E ratio is 25x. The company's ROCE for FY24 is 43.74%, ROE for FY24 is 99.28% and RoNW is 99.28%. The Annulaised EPS is ₹ 4.11 and annualised P/E Ratio is 18.26x. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of Neetu Yoshi showing listing gains of 12 %.Given the company's financial performance and the valuation of the IPO, we recommend Risky Investors to Apply to the Neetu Yoshi Limited IPO for Listing gain.

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About the Author
CA Abhay Kumar (Also known as  CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms.