The Neetu Yoshi IPO has opened for subscription on June 27, 2025, and will remain open until July 01, 2025. The company, a player in the ferrous metallurgical engineering space, aims to raise ₹77.04 crore entirely through a fresh issue of 102.72 lakh shares.

With a Grey Market Premium (GMP) of ₹9, the IPO suggests a potential 12% listing gain, attracting risk-friendly investors and traders.

About Neetu Yoshi Limited

Neetu Yoshi Limited is a metallurgical engineering company engaged in the customized production of ferrous components. Their product range includes mild steel, cast iron, spherical graphite iron, and manganese steel, with items ranging in weight from 0.2 kg to 500 kg. These products serve industrial-grade applications and are critical in manufacturing sectors.

The company's technical capability and wide-grade portfolio make it a trusted manufacturer in India's growing industrial sector.

Neetu Yoshi IPO Key Details

• IPO Open Date: June 27, 2025

• IPO Close Date: July 01, 2025

• IPO Size: ₹77.04 Crore (Fresh Issue Only)

• Issue Type: Book Built Issue

• Price Band: ₹71 to ₹75 per equity share

• Market Capitalisation (Post Issue): ₹291.09 Crore (At upper price band)

• Lot Size: 1,600 shares

• Minimum Retail Investment: ₹1,20,000

• Minimum HNI Investment (2 lots): ₹2,40,000

• Allotment Date: July 02, 2025

• Listing Date (Tentative): July 04, 2025

• Exchange: BSE SME

Lead Manager, Registrar and Market Makers

• Lead Manager: Horizon Management Private Limited

• Registrar: Skyline Financial Services Private Limited

• Market Makers: NNM Securities, R.K. Stockholdings, and Choice Equity Broking

These players bring experience and efficiency to the issue, ensuring proper distribution and post-IPO liquidity.

GMP and Subscription Update

The Grey Market Premium (GMP) for Neetu Yoshi IPO currently stands at ₹9, which suggests a listing price of ₹84 against the issue price of ₹75, implying an expected 12% gain. However, it’s important to note that GMP is unofficial and speculative.

As of 11:00 AM on June 27, 2025, the IPO has been subscribed 0.15 times, reflecting early interest on the first day. The IPO is expected to gain momentum as the subscription progresses.

Anchor Investment Boost

Ahead of the public issue, Neetu Yoshi secured ₹21.9 crore from anchor investors by allocating 29.2 lakh shares at the upper price band of ₹75. This early support signals confidence from institutional players in the company’s financial and operational metrics.

Objectives of the IPO

The net proceeds from the IPO will be used for the following:

• ₹50.78 crore for setting up a new manufacturing facility to expand capacity

• Remaining funds to be used for general corporate purposes

This capacity expansion will strengthen production capabilities and help scale operations to meet increasing demand.

Financial Performance – Strong Growth Trajectory

The company has reported consistent financial growth across all key metrics:

Revenue from Operations (₹ in Lakhs):

• FY2022: ₹462.99

• FY2023: ₹1,632.83

• FY2024: ₹4,745.36

• 9M FY2025 (Dec 31, 2024): ₹5,146.85

EBITDA (₹ in Lakhs):

• FY2022: ₹17.49

• FY2023: ₹120.55

• FY2024: ₹1,718.56

• 9M FY2025: ₹1,684.88

Profit After Tax (₹ in Lakhs):

• FY2022: ₹7.03

• FY2023: ₹42.32

• FY2024: ₹1,257.72

• 9M FY2025: ₹1,199.24

The company has shown a multi-fold increase in revenues and profits, indicating a robust and scalable business model.

Valuation Metrics – Attractive Yet Risk-Prone

• Pre-Issue EPS (FY24): ₹7.39

• Post-Issue EPS (FY24): ₹3.24

• Pre-Issue P/E: 10.15x

• Post-Issue P/E: 23.17x

• Industry P/E: ~25x

• Annualised EPS: ₹4.11

• Annualised P/E: 18.26x

Return Metrics:

• ROCE: 43.74%

• ROE: 99.28%

• RoNW: 99.28%

Despite the relatively high post-issue P/E ratio, the IPO is still attractively priced compared to the industry average, especially for investors focused on mid-term growth potential.

Allotment Process – How to Check

To check your Neetu Yoshi IPO allotment status on July 02, 2025:

1. Visit Skyline Financial Services IPO Allotment Page

2. Choose “Neetu Yoshi Limited IPO” from the dropdown list

3. Enter your PAN number, Application Number, or DP ID-Client ID

4. Click Submit to view your allotment result

Should You Apply for Neetu Yoshi IPO?

Considering the following:

• Strong multi-year financial growth

• Listing gain indication via 12% GMP

• Support from anchor investors

• Attractive ROE and ROCE

The IPO is recommended for risk-friendly investors seeking listing gains and short-term returns. Conservative investors may wait for post-listing stability.

The Upcoming IPOs in this week and coming weeks are Crizac, Silky Overseas, Vandan Foods, Pushpa Jewellers, Cedaar Textile, Marc Loire Fashions.

The Current active IPO are Neetu Yoshi, Adcounty Media India, Moving Media Entertainment, Valencia India, PRO FX Tech, Ace Alpha Tech, Indogulf Cropsciences, Suntech Infra Solutions, Rama Telecom, Supertech EV, Sambhav Steel Tubes, HDB Financials.

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