Neetu Yoshi IPO listing: Shares of Neetu Yoshi made a strong debut on the bourses on Friday, July 4, listing at ₹105 on BSE SME, a premium of 40 percent from its IPO price of ₹75.
The SME initial public offering (IPO), valued at ₹77.04 crore, was open for subscription from June 27 to July 1.
The issue wrapped up with an overwhelming response, garnering a total subscription of 128.18 times over the three-day window. The issue received bids for 87.57 crore shares versus the 68.32 lakh shares on offer. Retail investors portion was subscribed 91.21 times while the non-institutional investor segment attracted 256.69 times bids, the highest. Meanwhile, the qualified institutional buyer (QIB) portion also witnessed the strong demand, booked 96.36 times.
About the IPO
The IPO was a combination of fresh issue of 102.72 lakh shares with no offer for sale component. The minimum application size was 1,600 shares, implying a minimum investment of ₹1.13 lakh from retail investors.
Neetu Yoshi Limited plans to utilise the net proceeds from its IPO primarily for setting up a new manufacturing facility, aimed at expanding its production capabilities and for general corporate purposes.
The IPO also raised ₹21.90 crore from anchor investors on Thursday, June 26, 2025.
Horizon Management was the book-running lead manager of the IPO, while Skyline Financial Services was the registrar. Meanwhile, the market makers for Neetu Yoshi IPO were NNM Securities, RK Stock Holding and Choice Equity Broking.
About the Company
Neetu Yoshi Limited, incorporated in January 2020, is engaged in the manufacturing of customised ferrous metallurgical products in various grades. The company’s product offerings include mild steel, spheroidal graphite iron, cast iron, and manganese steel components.
Notably, the firm is a certified vendor with the Research Designs and Standards Organisation (RDSO) for Indian Railways. Its product portfolio caters primarily to the railway sector, providing a wide array of standard and tailor-made components such as braking systems, suspension parts, propulsion supports, and coupling mechanisms used in trains.
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