Neetu Yoshi Limited, a metallurgical engineering company, has launched its SME IPO with a total Book Built Issue size of ₹77.04 Crores, consisting exclusively of a Fresh Issue of 102.72 lakh equity shares. The IPO opened on June 27, 2025, and closed on July 01, 2025, with listing expected on the BSE SME platform on July 04, 2025.

The price band has been set between ₹71 to ₹75 per equity share, and at the upper price band, the market capitalisation of the company would stand at ₹291.09 Crores. The lot size is 1,600 shares, translating to a minimum investment of ₹1,20,000 for retail investors and ₹2,40,000 for HNIs (2 lots).

Neetu Yoshi specializes in manufacturing customized metallurgical products ranging from 0.2 Kgs to 500 Kgs, including mild steel, spherical graphite iron, cast iron, and manganese steel. With a versatile and scalable production line, the company caters to a wide range of industrial applications.

The IPO is managed by Horizon Management Private Limited, with Skyline Financial Services Private Limited acting as the registrar. Market makers for this issue include NNM Securities, R. K. Stockholdings, and Choice Equity Broking Private Limited.

Strong Investor Interest Reflected in Subscription Figures

As per live subscription data available until 11:00 AM on July 01, 2025, the Neetu Yoshi IPO was subscribed 8.67 times on the final day, indicating overwhelming demand from retail, HNI, and institutional investors. This reflects strong sentiment around the Neetu Yoshi IPO news and the company’s robust business model.

Anchor Investors Infused ₹21.9 Crores Pre-IPO

Ahead of the public issue, Neetu Yoshi raised ₹21.9 Crores from Anchor Investors by allotting 29,20,000 equity shares at ₹75 each. The anchor investor subscription is a key signal of institutional confidence and supports the issue's overall demand momentum.

Grey Market Premium Indicates Potential Listing Gains

As of June 23, 2025, the Grey Market Premium (GMP) for Neetu Yoshi IPO stood at ₹9, which suggests an expected listing price of ₹84, translating to approximately 12% listing gain. However, it must be emphasized that GMP is unofficial and speculative, and should not be the sole factor in making investment decisions.

Impressive Financial Growth Across Fiscal Years

The financials of Neetu Yoshi Limited show exponential growth over the past few years. For the nine-month period ending December 31, 2024, the company reported revenue of ₹5,146.85 Lakh, up from ₹4,745.36 Lakh in FY24, ₹1,632.83 Lakh in FY23, and ₹462.99 Lakh in FY22.

The EBITDA for the same periods also surged: ₹1,684.88 Lakh (9M FY25), ₹1,718.56 Lakh (FY24), ₹120.55 Lakh (FY23), and ₹17.49 Lakh (FY22).

Similarly, Profit After Tax (PAT) climbed to ₹1,199.24 Lakh in 9M FY25, compared to ₹1,257.72 Lakh in FY24, ₹42.32 Lakh in FY23, and ₹7.03 Lakh in FY22.

These figures underline strong operational scalability and profitability, factors that often influence IPO review sentiments positively.

Valuation Metrics Show Reasonable Pricing

The pre-issue EPS for FY24 is ₹7.39, while the post-issue EPS is ₹3.24. The P/E ratio pre-issue is 10.15x, and 23.17x post-issue, which compares reasonably to the industry average P/E of 25x.

Key financial ratios include:

• Return on Capital Employed (ROCE): 43.74%

• Return on Equity (ROE): 99.28%

• Return on Net Worth (RoNW): 99.28%

• Annualised EPS: ₹4.11

• Annualised P/E Ratio: 18.26x

These metrics indicate the IPO is fairly priced with room for listing gains, especially for investors focused on short-term market movements.

IPO Proceeds Utilization Plan

The proceeds from the IPO will be allocated toward:

1. ₹5,078.37 Lakh for setting up a new manufacturing facility to expand production capabilities.

2. The remaining amount will be utilized for general corporate purposes, enhancing liquidity and business development capacity.

Experienced Promoters and Leadership Team

The company is led by Himanshu Lohia and Subodh Lohia, each having over 4 years of experience in production and finance. They are associated with other ventures like Neetus Delight Pvt. Ltd. and Neetu Realty Pvt. Ltd.

Saundarya Lohia, another key promoter, has served as CFO at Hariom Industries Ltd, adding strategic financial management strength to the leadership.

Allotment Date and How to Check Status

The Neetu Yoshi IPO allotment date is scheduled for July 02, 2025 (Wednesday). Investors can check allotment status on the registrar's website by following these steps:

• Visit the IPO allotment page

• Select Neetu Yoshi Limited IPO from the dropdown

• Enter PAN, Application Number, or DP Client ID

• Click submit to know the allotment status

This helps investors stay updated and act accordingly for post-allotment steps, including refund tracking or demat allocation.

Final Verdict – Should You Apply?

The Neetu Yoshi IPO review reveals a company that has delivered strong financial performance, backed by institutional interest, and showing signs of healthy listing potential. With an affordable valuation, robust GMP trend, and experienced leadership, the issue offers moderate to high listing gain potential.

However, considering this is an SME IPO, investors should be mindful of lower post-listing liquidity and higher price volatility. Hence, this IPO is best suited for risk-taking investors or those aiming for listing day profits.

Conclusion

Backed by strong fundamentals, growing revenues, a scalable manufacturing model, and robust market demand, Neetu Yoshi Limited’s IPO positions itself as a noteworthy addition in the SME space. The positive subscription status, encouraging anchor investment participation, and active GMP market trends make this a compelling option for those seeking short-term returns with an eye on India’s industrial manufacturing future.

As with all investments, it is advised to consult financial professionals before making final decisions.

Disclaimer:
The content presented is for educational purposes only and should not be construed as investment advice. Investing in securities involves risks. Please read all related documents carefully before investing.

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The Current active IPO are Silky Overseas, Vandan Foods, Pushpa Jewellers, Cedaar Textile, Marc Loire Fashions, Neetu Yoshi, Adcounty Media India.

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