The initial public offer (IPO) of Neetu Yoshi received bids for 87,62,65,600 shares as against 73,52,000 shares on offer. The issue was subscribed 119.19 times.
Qualified Institutional Buyers (QIBs) bid for 18,80,97,600 shares, Non-Institutional Investors (NIIs) for 37,67,31,200 shares, while Retail Individual Investors (RIIs) placed bids for 31,14,36,800 shares.
The issue opened for bidding on 27 June 2025 and it closed on 1 July 2025. The price band of the IPO was set at Rs 71 to 75 per share. The equity shares will list on BSE's SME platform.
The IPO comprised fresh issue of 1,02,72,000 shares. The company intends to utilize the net proceeds for setting up of new manufacturing facility and general corporate purpose.
Ahead of the IPO, Neetu Yoshi on 26 June 2025, raised Rs 21.90 crore from anchor investors. The board allotted 29.20 lakh shares at Rs 75 per share to 15 anchor investor.
Neetu Yoshi is a foundry equipped with an integrated CNC machine shop, specializing in the manufacturing of customized ferrous metallurgical products. Its product portfolio includes various grades of mild steel, spheroidal graphite iron (SG iron), cast iron, and manganese steel. The company produces finished metallurgical components ranging in weight from as small as 0.2 kg to up to 500 kg. Neetu Yoshi is an RDSO-certified vendor for the manufacturing and supply of over 25 casting products for Indian Railways. It offers customers a comprehensive range of both standard and customized products, backed by a diverse portfolio of over 25 offerings and the capability to develop bespoke solutions. As of 31 March 2025, the company had 86 employees.
The company recorded revenue from operations of Rs 51.36 crore and net profit of Rs 11.99 crore for the period ended 31 December 2024.