Neetu Yoshi Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 4,872,000 (47%) | — | ₹3,654 Cr |
| NII (HNI) | — | 1,465,600 (14%) | — | ₹1,099 Cr |
| Retail | — | 3,414,400 (33%) | — | ₹2,561 Cr |
| Market Maker | — | 520,000 (5%) | — | ₹39 Cr |
| Σ Total | — | 10,272,000 (100%) | — | ₹77,040 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹120,000 |
| Retail (Max) | 13 | 20,800 | ₹1,560,000 |
| S-HNI (Min) | 14 | 22,400 | ₹1,680,000 |
| B-HNI (Min) | 67 | 107,200 | ₹8,040,000 |
Financial Statements Amount In Crore
| Metric | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 51 | 47 | 16 |
| EBITDA | 17 | 17 | 1 |
| Profit After Tax | 12 | 13 | 0 |
| Net Worth | 40 | 20 | 6 |
| Total Assets | 53 | 39 | 15 |
| Reserves & Surplus | — | 16 | 3 |
| Total Borrowing | 8 | 17 | 8 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Setting up of new manufacturing facility – 50.78
- 2 General corporate purposes – 18.21
Company Overview
Incorporated in January 2020, Neetu Yoshi Limited is engaged in the business of manufacturing customised products in different grades of ferrous metallurgical products.
The company offers a product portfolio of mild steel, spheroidal graphite iron, cast iron, and manganese steel, ranging from 0.2 kg to 500 kg. It is an RDSO certified vendor for Indian Railways.
The company offers a wide range of standard and customised products, primarily serving Indian Railways with critical components like braking solutions, suspensions, propulsion aids, and coupling attachments for trains.
The company operates a manufacturing facility in Uttarakhand, covering 7,173 sq. meters, strategically located near alloy suppliers and benefiting from lower electricity tariffs, enhancing operational efficiency and competitiveness.
Products:
- CP Assembly, Wedges, Brake Beam, End Casting, Strut Castings, Bogie : Used in braking, suspension, and propulsion systems for Indian Railways.
- Axle Box Housing, Narrow Jaw Adopter, Wide Jaw Adopter, Modified Adopter, K-Type Adopter, Liners:Used for structural support and various applications in Indian Railways.
- Stricker Casting, Back Stop, Yoke Pin, Support Plate, Various Liners: Used for mechanical support and safety in Indian Railways' systems.
- Coupler for Wagon, Coaches, and Locomotives: Used for attachment and pulling of wagons and coaches in railways.
As on July 31, 2024, the company had 88 employees including senior management.
Competitive Strengths:
- Fully equipped and RDSO approved manufacturing facility
- Strategically located Manufacturing Facility
- Quality Assurance and Control