Neetu Yoshi Limited, a railway component manufacturer, is launching its Initial Public Offering (IPO) on June 27, 2025, closing on July 1, 2025. The IPO is a fresh issue of 1.02 crore equity shares, aggregating to ₹77.04 crore.

This IPO will be listed on the BSE SME platform with allotment expected on July 2, 2025, and tentative listing on July 4, 2025.

About Neetu Yoshi Limited:

Incorporated in January 2020, Neetu Yoshi Limited manufactures customised ferrous metallurgical products, primarily catering to the Indian Railways.

Its certified product portfolio includes:

• Brake Beam, CP Assembly, End Castings, Bogie Castings

• Axle Box Housing, K-Type Adopters, Liners, Couplers

• Stricker Casting, Yoke Pins, Support Plates, Suspension Units

The company operates a 7,173 sq. meter RDSO-certified facility in Uttarakhand, close to raw material hubs and with access to subsidized power. It has 88 employees as of July 2024.

Neetu Yoshi IPO Details:

Share Reservation Breakdown:

Anchor Investor Details:

• Anchor Investor Bidding Date: June 26, 2025

• Shares Allotted: 29,20,000

• Anchor Investment Size: ₹21.90 crore

• Lock-in Period:

  • 50% until August 1, 2025

  • Remaining 50% until September 30, 2025

Financial Performance Snapshot:

The company’s revenue and profit have shown massive growth in the last two years, driven largely by increased orders from Indian Railways.

Valuation Metrics:

While these numbers indicate strong profitability and capital efficiency, high valuation (P/E ~18x) compared to SME peers makes it slightly expensive.

Objects of the Issue:

The funds will help expand capacity to meet growing demand, especially from Indian Railways.

Promoters and Shareholding:

GMP (Grey Market Premium) & Listing Outlook:

As of now, no confirmed GMP (Grey Market Premium) is available for Neetu Yoshi IPO. Investors should avoid relying solely on GMP, especially for SME IPOs.

Strengths:

✅ RDSO-certified vendor to Indian Railways
✅ Strong financial growth and high profitability margins
✅ Operational efficiency due to strategic location

Risks & Concerns:

❌ High post-issue valuation (P/E > 18x)
❌ Concentrated client base (primarily Railways)
❌ SME stocks carry higher post-listing volatility

Recommendation:

📌 Final Verdict: Neutral to Apply (for long-term investors)

While Neetu Yoshi has delivered solid financial growth, strong margins, and has a robust order book, its high valuation and limited diversification make it more suitable for long-term, risk-tolerant investors rather than those looking for immediate listing gains.

Disclaimer

This article is for educational and informational purposes only. It does not constitute investment advice. IPO investments are subject to market risks, and the Grey Market Premium is not officially regulated. Investors are advised to consult a SEBI-registered financial advisor before investing.

The Upcoming IPOs in this week and coming weeks are Supertech EV, Valencia India, Neetu Yoshi, Abram Food, PRO FX Tech, Suntech Infra Solutions, Shri Hare-Krishna Sponge Iron, Icon Facilitators, Ace Alpha Tech, Globe Civil Projects, Sambhav Steel Tubes, Ellenbarrie Indutrial Gases, Kalpataru, HDB Financials, AJC Jewel.

The Current active IPO are  Aakaar Medical Technologies, Safe Enterprises Retail Fixtures, Mayasheel Ventures.

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