Mumbai (Maharashtra) [India], June 23: Neetu Yoshi Limited (The Company, Neetu Yoshi) is a metallurgical engineering company manufacturing critical safety spares for railways,ย proposes to open its Initial Public Offering on Friday, June 27, 2025, aiming to raiseย โนย 77.04 Crore (At Upper Price Band),ย with sharesย to be listed on the BSE SME platform.
The issue size is 1,02,72,000 equity shares at a face value ofย โนย 5 each with a price band ofย โนย 71 โย โนย 75 Per Share.
Equity Share Allocation
- Anchor Portion โ Up to 29,20,000 Equity Shares
- Qualified Institutional Buyer โย Up to 19,52,000 Equity Shares
- Non-Institutional Investors โ Not less than 14,65,600 Equity Shares
- Retail Individual Investors โ Not less than 34,14,400 Equity Shares
- Market Maker โ Up to 5,20,000 Equity Shares
The net proceeds from the IPO will be utilized for Setting up of new manufacturing facility and for general corporate purposes. The issue will close on Tuesday, July 01, 2025
The Book Running Lead Manager to the Issue isย Horizon Management Private Limited, The Registrar to the Issue isย Skyline Financial Services Private Limited.
Mr. Himanshu Lohia, Managing Director and Chief Financial Officer of Neetu Yoshi Limitedย expressed โThis IPO marks an important chapter in Neetu Yoshiโs journey. Our company began as a trading business supplying specific raw materials to OEMs of Indian Railways and has since evolved into a metallurgical engineering company manufacturing critical safety components. Today, we are an RDSO-certified Class A vendor, supplying over 25+ essential railway spares including braking systems, suspensions, propulsion aids and coupling attachments.
This IPO will support the development of a new advanced manufacturing facility, helping us expand our capabilities in producing complete bogies and couplers for high-speed trains. With this, Neetu Yoshi Limited is committed to contributing to the future of rail transportation through reliable engineering and continuous innovation.โ
Mr.ย Manav Goenka, President of Horizon Management Private Limitedย said, โWe are pleased to be associated with Neetu Yoshi Limited as they take this important step in their growth journey through the launch of their Initial Public Offering. As a metallurgical engineering company catering to Indian Railways, Neetu Yoshi has steadily built its capabilities in manufacturing critical safety components.
With the Indian railway sector undergoing rapid expansion and modernization, there is a growing demand for reliable, locally manufactured components. Neetu Yoshiโs planned investment in advanced manufacturing infrastructure is a timely move that aligns with the industryโs evolving needs. The IPO marks a key development in their business operations.โ
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