Neetu Yoshi IPO: Price, Allotment, And GMP

Neetu Yoshi IPO- Complete Overview

Neetu Yoshi IPO under the SME IPO category is a bookbuild issue of Rs. 77.04 Cr by Neetu Yoshi Limited. It was established in January 2020. It deals with manufacturing customised products from different grades of ferrous metallurgical products.  

The company’s product portfolio includes mild steel, spheroidal graphite iron, cast iron, and manganese steel with weight specifications ranging from 0.2 kg to 500 kg. It is an RDSO-certified vendor for Indian Railways.  

The company serves both standard and specialised needs, focusing on critical components like braking systems, suspensions, propulsion mechanisms, and coupling devices used in trains for Indian Railways.  

The company has a manufacturing plant located in Uttarakhand, where it covers an area of 7,173 square metres, which was strategically set near suppliers of alloys as well as regions with lower electric costs, greatly improving operational efficiency and lowering expenses.  

Products:  

CP Assembly Wedges, Brake Beam End Casting, Strut Castings, Bogie: Their use is integrated within the railway’s braking and suspension systems.

Axle Box Housing, Narrow Jaw Adopter, Wide Jaw Adopter, Modified Adopter, K Type Adopter, Liners: Used for structural support and other various functions through the Indian railway network.

Stricker casting, Back Stop Yoke, Pin Support Plate, Various Liners: These casted items serve as mechanical assisting support and safety across Indian railway systems.  

Coupler for wagon coaches Locomotives: These are employed in the attaching and pulling activities of the mentioned vehicles in rail operations.

 

Neetu Yoshi IPO Overview

The Neetu Yoshi IPO date is on 27 June 2025, and its initial public offering will end on 01 July 2025. 

The Rs. 77.04 crore new SME IPO comprises a wholly fresh issue of 102.72 lac Shares. The Neetu Yoshi IPO price is Rs. 71 to Rs. 75 for each Share. 

The Neetu Yoshi IPO listing date (expected) is Friday, Jul 04, 2025, and listing at the BSE and SME.

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Company Financial

(Amount in Cr)

Period	31 Dec 2024	31 Mar 2024	31 Mar 2023
Total Assets	53.16	38.50	14.63
Total Revenue	51.47	47.45	16.33
PAT	11.99	12.58	0.42
Net Worth	40.14	19.74	5.57
Reserves & Surplus	-	15.86	3.29
Borrowings	8.40	17.39	8.25

 

Cash Flows

(Amount in lac)

Net Cash Flow in Multiple Activities	31 Dec 2024	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	983.56	767.25	(195.27)
Net Cash Flow Investing Activities	(908.19)	(1622.36)	(753.88)
Net Cash Flow Financing Activities	(151.28)	956.88	1041.88

 

Revenue Bifurcation

Industry-wise Revenue Bifurcation

(Amount in lac)

 

Geography-wise Revenue Breakdown

(Amount in lac)

(Source: RHP)

 

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Establishment of a new manufacturing plant.

• General corporate purposes.

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Peers of Neetu Yoshi Ltd.

Company Name	Face Value (Rs.)	EPS (Rs.)	P/E (x)
Gujarat Intrux Ltd.	10	21.42	23.24
Neclast Limited	2	6.25	21.41
Steelcast Ltd.	5	37.06	28.83

 

Evaluation

The Neetu Yoshi Limited IPO price is Rs. 71 to Rs. 75 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 Mar 2024 with an EPS of Rs. 7.39 from the last year, the resulting P/E ratio is 10.14x.

Considering the weighted EPS of Rs. 4.32 for the last three years, the P/E ratio is 17.36x.

 

 

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Comparative Analysis With Listed Peers

The average P/E Ratio of the industry is 25.12x.

Particulars	P/E Ratio (x)
Highest	28.83
Lowest	21.41
Average	25.12

In simple words, the P/E ratio of this IPO is 10.14x, compared with the industry’s average P/E of 25.12x, indicating an undervaluation (on a P/E ratio basis only). Hence, the price of the Share seems fairly priced for the investors when considered based on the average P/E ratio of the industry.

IPO's Strengths

• Equipped and RDSO-certified production facility.

• Positioned in a convenient position in manufacturing.

Qualities and controls.

IPO’s Weaknesses

• Past history reveals delays within the company’s filing of GST returns alongside EPF and ESIC return documents.

• The company's manufacturing facilities are prone to natural disasters, old technologies, equipment failures, and power outages, etc.

• Internal manufacturing didn't start until 2023, even though it started operations in 2020. Scaling for additional lines, effectively completing large orders, and staff training are all at risk due to this difficult experience and lack of understanding.
  
  
  

Neetu Yoshi IPO GMP

Neetu Yoshi IPO GMP is Rs. 14 as of 26 Jun 2025 at the time of writing this information. Hence, its expected listing price might be Rs. 89.

IPO Timetable (Tentative)

The Neetu IPO date of opening is from Jun 27 to Jul 01, 2025, allotment on Jul 02, refund initiation on Jul 03, and listing on Jul 04, 2025.

Events	Date
IPO Opening Date	Jun 27, 2025
IPO Closing Date	Jul 01, 2025
IPO Allotment Date	Jul 02, 2025
Refund Initiation	Jul 03, 2025
IPO Listing Date	Jul 04, 2025

 

Neetu Yoshi IPO Details 

The IPO with a Face Value of Rs. 5 per share offers a total issue size of 1,02,72,000 Shares (Rs. 77.04 Cr) with a market maker portion of 5,20,000 Shares (Rs. 3.90 Cr).

IPO Opening & Closing Date	27 Jun, 2025 to 01 Jul, 2025
Face Value	Rs. 5 per Share
Issue Price	Rs. 71 to Rs. 75 per Share.
Lot Size	1600 Shares
Issue Size	1,02,72,000 Shares (Rs. 77.04 Cr)
Offer for Sale	-
Fresh Issue	1,02,72,000 Shares (Rs. 77.04 Cr)
Listing at	BSE, SME
Issue Type	Book Built Issue
Registrar	Skyline Financial Services Private Ltd.

IPO Lot Details 

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (1600 Shares) amounting to Rs. 1,20,000 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (3200 Shares) amounting to Rs. 2,40,000.

Minimum Lot Investment (Retail)	1 Lot
Maximum Lot Investment (Retail)	1 Lot
HNI (Min)	2 Lots

 

IPO Reservation (% of Net Issue)

Institutional’s Portion	47.43%
Retail’s Portion	33.24%
Non-Institutional Portion	14.27%

 

Promoters And Management of Neetu Yoshi Ltd.

• Himanshu Lohia

• Subodh Lohia

• Saundarya Lohia.

Pre-Issue Promoter Shareholding	95.23%
Post-Issue Promoter Shareholding	-

 

IPO Lead Managers

• Horizon Management Private Limited.

Dividend Policy

The company has not paid a dividend in the last five years.

Conclusion

Neetu Yoshi IPO, in the railway component manufacturing sector, is an opportunity for investment, considering its strong financial growth and RDSO certification. IPOs have an attractive price for P/E at 10.14x as compared to the industry's average. However, investors should consider operational and other risks before any action.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

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To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.