Here’s a comprehensive overview of Neetu Yoshi Limited IPO, an SME IPO listed through NSE Emerge:
Neetu Yoshi Limited IPO Dates
- Opening Date: June 27, 2025
- Closing Date: July 1, 2025
- Allotment Date: July 2, 2025
- Refunds Initiated & Shares Credited: July 3, 2025
- Listing Date: July 4, 2025
Neetu Yoshi Limited IPO Details
- Price Band: ₹ 71–75 per share
- Lot Size: 1,600 shares (minimum investment ~₹120,000)
- Total Issue Size: Approx ₹77 Cr (on upper band) with 1.0272 crore shares offered
- Face Value: ₹5 per share
- Issue Type: Bookbuilding IPO
- Listing At: BSE SME
- Share Holding Pre Issue: 2,85,40,600 shares
- Share Holding Post Issue: 3,88,12,600 shares
GMP of Neetu Yoshi Limited IPO
As of today, there is no Grey Market Premium (GMP) for the Neetu Yoshi Ltd IPO. The IPO grey market is not showing any positive or negative premium—it’s currently at ₹0, indicating there’s no observable unofficial trading premium or discount for this issue
Promoters of Neetu Yoshi Limited
1. Himanshu Lohia – Managing Director & Chief Financial Officer; Promoter
- Education: Bachelor of Commerce in International Business from University of Wollongong
- Joined: Founder-director since January 20, 2020
- Responsibilities: Leads marketing, sales, administration, and finances
2. Subodh Lohia – Whole-Time Director; Promoter
- Education: Bachelor of Commerce in International Business from University of Middlesex
- Joined: Founder-director since January 20, 2020
- Responsibilities: Oversees finance, production, and operational management
- Experience: Over 4 years in production and financial roles
3. Saundarya Lohia – Non‑Executive Director; Promoter
- Qualification: Associate Member of the Institute of Chartered Accountants of India (since Feb 9, 2020)
- Joined: Brought on board on August 3, 2024
- Experience: Nearly 4 years as a CFO prior to joining NYL
- Role: Adds financial oversight and strong accounting expertise at board level
Quick Summary Table
| Promoter | Position | Education | Joined | Key Role |
|---|---|---|---|---|
| Himanshu Lohia | MD & CFO | B.Com (Intl. Business) | 20 Jan 2020 | Marketing, sales, admin, finance |
| Subodh Lohia | Whole-Time Director | B.Com (Intl. Business) | 20 Jan 2020 | Finance, production, operations |
| Saundarya Lohia | Non‑Executive Director | ICAI Associate Member (CA) | 3 Aug 2024 | Financial governance, accounting oversight |
Promoter Background & Enterprise Evolution
- Founding Vision: Himanshu and Subodh established NYL at its inception (Jan 2020) with a focus on metallurgical manufacturing for Indian Railways.
- Board Enhancement: Saundarya’s addition in Aug 2024 brought professional financial oversight to the board.
Strategic Upgradation:
- 2021: Moved into CNC machining.
- 2023: Built a full-scale casting plant (land acquisition & plant commissioned for bogie/coupler parts).
Neetu Yoshi Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹1,20,000 |
| Retail (Max) | 1 | 1600 | ₹1,20,000 |
| HNI (Min) | 2 | 3,200 | ₹2,40,000 |
- Each lot comprises 1,600 shares, setting the minimum investment at ₹1.6 Lakh (1,600 × ₹100 average).
- Applies uniformly to all investor categories—retail, HNI, institutional.
- The lot size is standard for SME IPOs like this one listed on BSE-SME.
Neetu Yoshi Limited IPO Promoter Holding
| Share Holding Pre Issue | 95.23% |
| Share Holding Post Issue | – |
About Neetu Yoshi Limited
Neetu Yoshi Limited, founded on 20 January 2020 in Dehradun, Uttarakhand (CIN: U35999UR2020PLC010670), is a metallurgical engineering company specializing in manufacturing customized ferrous products ranging from 0.2 kg to 500 kg. Their product suite includes mild steel, spherical graphite iron, cast iron, and manganese steel.
They are an RDSO‑certified “Class A” supplier, producing over 25 casting products for Indian Railways, covering critical components like braking systems, suspensions, coupling attachments, propulsion aids, and bogie/coupler parts
Certifications & Quality
- ISO 9001:2015 (Quality Management)
- 14001:2015 (Environmental Management)
- ISO 45001:2018 (Occupational Health & Safety)
Manufacturing Facility & Capabilities
Their integrated plant in Rudrapur includes:
- Melting: Induction & arc furnaces (500 kg–5 ton)
- Moulding: Disa Arpa, HPML, lost-foam units
- Machining: 22 CNC & VMC/HMC machines
- Heat-treatment: Furnaces up to 5 Mt capacity
- Testing & Lab: Microstructure, mechanical, chemical, NDT
- Metrology & Paint: CMM, hardness testers, controlled painting booth
This vertical integration supports their goal of producing complete bogies and couplers, with eventual expansion to full wagons and coaches.
Growth Journey & Vision
- 2021: Began as raw-material supplier to railway OEMs.
- 2022: Opened CNC machining in Rudrapur.
- 2023: Commissioned in-house casting plant (7,200 m²).
- Future: Plan to produce entire bogies → wagons → coaches, targeting markets like Vande Bharat and Amrit Bharat projects.
Their 5‑year vision: become a leading Indian bogie & coupler manufacturer.
10‑year: global leader, exporting to international high‑speed rail networks.
Summary Table
| Aspect | Details |
|---|---|
| Industry | Metallurgical engineering (railway components) |
| Product Range | 0.2–500 kg customized ferrous castings |
| Certifications | RDSO Class A, ISO 9001/14001/45001 |
| Manufacturing Setup | Integrated plant with CNC, heat treatment, testing |
| Growth Stages | Raw material → machining (2022) → casting plant (2023) |
| Strategy | Vertical integration → bogies → wagons → coaches |
| FY2023 Growth | Revenue +257%, Profit +370%, Net Worth +1,645% |
| Capital & Liabilities | ₹25 Cr authorized, ₹13.6–14.3 Cr paid-up, ₹14–17 Cr debt |
| CSR & Culture | NGO, eco-operations, strong employee development |
Neetu Yoshi Limited Financial Information
| Period Ended | 31 Dec 2024 | Mar 31 2024 | 31 Mar 2023 | Mar 31 2022 |
| Assets | ₹53.16 Cr | ₹38.50 Cr | ₹14.63 Cr | ₹3.08 Cr |
| Revenue | ₹51.47 Cr | ₹47.45 Cr | ₹16.33 Cr | ₹4.63 Cr |
| Profit After Tax | ₹11.99 Cr | ₹12.58 Cr | ₹0.42 Cr | ₹0.07 Cr |
| EBITDA | ₹16.85 Cr | ₹17.19 Cr | ₹1.21 Cr | ₹0.17 Cr |
| Net Worth | ₹40.14 Cr | ₹19.74 Cr | ₹5.57 Cr | ₹2.69 Cr |
| Reserves and Surplus | – | ₹15.86 Cr | ₹3.29 Cr | ₹2.55 Cr |
| Total Borrowing | ₹8.40 Cr | ₹17.39 Cr | ₹8.25 Cr | – |
Key Performance Indicator (KPI)
| KPI | Values |
|---|---|
| ROCE | 43.74% |
| Debt/Equity | 0.88 |
| RoNW | 99.20% |
| PAT Margin | 26.58% |
| EBITDA Margin | 36.31% |
| Price to Book Value | 10.29 |
Objects of the Issue (Neetu Yoshi Limited IPO)
| Purpose | Estimated Amount (₹ in Crores) |
|---|---|
| 1. Setting up a New Manufacturing Facility at Rudrapur, Uttarakhand | ₹55.36 Cr |
| 2. General Corporate Purposes | ₹10.00 Cr (approx) |
| 3. Issue Expenses | ₹2.75 Cr (approx) |
| Total Estimated Issue Size | ₹68.11 Cr (at lower band) |
Facility Expansion Details
The proposed manufacturing plant aims to:
- Increase production capacity of cast iron and steel railway components.
- Enhance vertical integration—from foundry to machining to assembly.
- Position the company as a full bogie and coupler systems supplier to Indian Railways.
Strengths of Neetu Yoshi Limited IPO
1) Strong Industry Focus on Indian Railways
- Neetu Yoshi Ltd is an RDSO-approved vendor producing over 25 key railway cast components, including bogies and coupler parts—critical to India’s infrastructure modernization plans like Vande Bharat and Amrit Bharat trains.
2) Rapid Financial Growth with High Profit Margins
- The company saw over 250% revenue growth and 370% profit increase from FY22 to FY24, with a PAT margin of 26.58% and ROE above 60% (FY24 annualized), indicating strong operational efficiency.
3) Vertically Integrated Manufacturing Setup
- From raw material procurement to CNC machining and foundry casting, Neetu Yoshi operates an integrated facility that improves quality control, reduces turnaround time, and increases cost-efficiency.
4) Certifications & Compliance
- The company holds ISO 9001, 14001, and 45001 certifications and is an RDSO “Class A” supplier, which strengthens its credibility and positions it for large institutional railway orders.
5) Experienced Promoter Group
- Led by Himanshu Lohia and Subodh Lohia, the promoters have hands-on experience in metallurgy, production, and finance, with strategic expansion into high-growth railway components.
Risks of Neetu Yoshi Limited IPO
1) High Customer Concentration Risk
- The company derives a large portion of its revenue from a few railway OEMs or institutional clients. Dependency on Indian Railways poses risk if tender processes change or contracts are delayed.
2) SME IPO Liquidity Constraints
- Being listed on BSE SME platform, the stock may have limited post-listing liquidity and higher volatility, which may deter short-term retail investors.
3) High Debt Levels (Though Improving)
- The company had a debt-to-equity ratio of 0.88 in FY24 (improved from 1.48 in FY23), but still maintains significant borrowings from SIDBI and SBI for capex.
4) Execution Risk on Facility Expansion
- Timely commissioning and cost-effective scaling of the new plant will be crucial. Delays or cost overruns could impact margins and investor expectations.
5) Limited Operating History
- Incorporated in 2020, the company has just four years of operational history. Though its growth has been sharp, it remains exposed to early-stage business volatility.
Neetu Yoshi Limited Contact Details
📍 Registered & Corporate Office
Neetu Yoshi Ltd
2/155, Jakhan (Rajpur Road), Dehradun – 248001, Uttarakhand, India
🏭 Manufacturing Unit
Khasra No. 255 & 256, Fakkarhedi, Bhagwanpur, Haridwar (Uttarakhand)
📞 Phone Numbers
- Corporate Office: +91 97602 22255
- IPO Registrar (Skyline Financial Services): +91 11 4045 0193 to 97
📧 Email Addresses
- General/Investor Queries: contact@neetuyoshi.com
- IPO‑Specific Inquiries: investors@neetuyoshi.com
- Registrar‑Related Grievances: grievances@skylinerta.com
Summary Table
| Function | Contact Info |
|---|---|
| Corporate Address | 2/155, Jakhan (Rajpur Road), Dehradun – 248001 |
| Manufacturing Unit | Fakkarhedi, Bhagwanpur, Haridwar, Uttarakhand |
| General Phone | +91 97602 22255 |
| IPO Registrar Phone | +91 11 4045 0193 to 97 |
| General Email | contact@neetuyoshi.com |
| IPO Queries | investors@neetuyoshi.com |
| Registrar Grievances Email | grievances@skylinerta.com |
| Website | www.neetuyoshi.com |
Neetu Yoshi Limited IPO Registrar
📋 Registrar: Skyline Financial Services Pvt Ltd
- Name: Skyline Financial Services Private Limited
- Registered Address:
D‑153A, 1st Floor,
Okhla Industrial Area – Phase I,
New Delhi – 110020, India
📞 Contact Information
- Phone: +91 11 4045 0193 to 97 (also inclusive of +91 11 26812682)
- Email: admin@skylinerta.com (alternative: ipo@skylinerta.com / grievances@skylinerta.com)
- Website: www.skylinerta.com
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