Latest news with #NeetuYoshi
Business Standard
04-07-2025
- Business
- Business Standard
BSE SME Neetu Yoshi forges a strong debut
Shares of Neetu Yoshi was trading at Rs 110.25 on the BSE, a premium of 47% compared with the issue price of Rs 75. The scrip was listed at Rs 105, a premium of 40% compared with the initial public offer (IPO) price. The stock was currently frozen at its upper limit of 5% over its listing price. The counter hit a high of Rs 110.25 and a low of Rs 100.20. About 52.37 lakh shares of the company changed hands at the counter. Neetu Yoshi's IPO was subscribed 119.19 times. 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 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.
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Business Standard
04-07-2025
- Business
- Business Standard
Bumper debut: Neetu Yoshi shares list at 40% premium, beat IPO GMP forecast
Neetu Yoshi IPO listing: Shares of Neetu Yoshi made a positive debut on the BSE SME on Friday, July 4, 2025, following the completion of its initial public offering (IPO). The company's shares listed at ₹105 apiece, reflecting a premium of ₹30 per share, or 40 per cent, over the issue price of ₹75. Neetu Yoshi IPO listing outperformed the grey market estimates. Ahead of the listing, the unlisted shares of Neetu Yoshi were trading at around ₹93.5 apiece, reflecting a grey market premium (GMP) of ₹18 or 24.67 per cent over the issue price, according to sources tracking unofficial market activity. Neetu Yoshi IPO details The SME offering, which closed for subscription on Tuesday, July 1, 2025, comprised an entirely fresh issue of 10.27 million equity shares, with no Offer for Sale (OFS) component, aggregating to ₹77.04 crore. It was offered at a price band of ₹71–₹75 per share, with a lot size of 1,600 shares. The Neetu Yoshi IPO received an overwhelming response from investors, getting oversubscribed by nearly 119.19 times. The basis of allotment was finalized on Wednesday, July 2. Neetu Yoshi proposes to utilise the proceeds from the public offering for the setting up of a new manufacturing facility as well as for general corporate purposes. Skyline Financial Services served as the registrar for the Neetu Yoshi IPO, while Horizon Management acted as the sole book-running lead manager for the offering. About Neetu Yoshi Neetu Yoshi is a foundry with an integrated CNC machine shop, engaged in the manufacturing of customized products in various grades of ferrous metallurgical materials. The company's product portfolio includes different grades of mild steel, spheroidal graphite iron, cast iron, and manganese steel, with products ranging in weight from 0.2 kg to 500 kg. The company has a diverse product portfolio of over 25 products, supported by its ability to create customised solutions for clients.
Economic Times
04-07-2025
- Business
- Economic Times
Neetu Yoshi shares to list today. GMP points to healthy opening
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Neetu Yoshi Limited is set to debut on the BSE SME platform on Friday, July 4, after witnessing robust investor interest in its Rs 77.04 crore IPO. The issue, entirely a fresh offering of 1.02 crore shares at a price of Rs 75 per share, was subscribed 128.18 times overall, with strong demand across investor investors bid 91.21 times their allocated portion, while non-institutional investors (NII) oversubscribed their quota by a staggering 256.69 times. Qualified Institutional Buyers (QIBs) also showed healthy participation, subscribing 96.36 grey market premium (GMP) for Neetu Yoshi IPO stood at Rs 18.5 on the eve of listing, indicating an expected listing price of around Rs 93.5 per share, a 24% premium over the issue public issue garnered significant traction owing to the company's sharp earnings growth and its role as an RDSO-certified vendor to Indian Railways. The IPO proceeds will be used primarily to set up a new manufacturing facility, with the remaining funds allocated to general corporate in Uttarakhand, Neetu Yoshi manufactures customized ferrous metal castings used in railway components such as brake beams, couplers, axle boxes, and structural company serves Indian Railways and allied sectors through a fully equipped plant and offers a diverse portfolio including cast iron, SG iron, and manganese steel Neetu Yoshi has shown a sharp uptrend. For FY24, it reported revenue of Rs 47.45 crore and net profit of Rs 12.58 IPO was managed by Horizon Management, with Skyline Financial as registrar.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
04-07-2025
- Business
- Time of India
Neetu Yoshi shares to list today. GMP points to healthy opening
Neetu Yoshi Limited is set to debut on the BSE SME platform on Friday, July 4, after witnessing robust investor interest in its Rs 77.04 crore IPO. The issue, entirely a fresh offering of 1.02 crore shares at a price of Rs 75 per share, was subscribed 128.18 times overall, with strong demand across investor categories. Retail investors bid 91.21 times their allocated portion, while non-institutional investors (NII) oversubscribed their quota by a staggering 256.69 times. Qualified Institutional Buyers (QIBs) also showed healthy participation, subscribing 96.36 times. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Is your tinnitus getting worse? Do this immediately (Watch) Hearing Magazine Undo The grey market premium (GMP) for Neetu Yoshi IPO stood at Rs 18.5 on the eve of listing, indicating an expected listing price of around Rs 93.5 per share, a 24% premium over the issue price. The public issue garnered significant traction owing to the company's sharp earnings growth and its role as an RDSO-certified vendor to Indian Railways. The IPO proceeds will be used primarily to set up a new manufacturing facility, with the remaining funds allocated to general corporate purposes. Based in Uttarakhand, Neetu Yoshi manufactures customized ferrous metal castings used in railway components such as brake beams, couplers, axle boxes, and structural castings. Live Events The company serves Indian Railways and allied sectors through a fully equipped plant and offers a diverse portfolio including cast iron, SG iron, and manganese steel products. Financially, Neetu Yoshi has shown a sharp uptrend. For FY24, it reported revenue of Rs 47.45 crore and net profit of Rs 12.58 crore. The IPO was managed by Horizon Management, with Skyline Financial as registrar. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
02-07-2025
- Business
- Economic Times
Neetu Yoshi IPO GMP signals up to 29% listing gain; BSE debut on July 4
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The grey market premium (GMP) for Neetu Yoshi's SME IPO is signalling a strong debut, with shares trading at a premium of Rs 22–24 over the issue price of Rs 75 as of July 2. This suggests a potential listing gain of up to 29% when the stock debuts on the BSE SME platform on July IPO, which closed on July 1, was subscribed 119.19 times, reflecting strong investor appetite. Non-institutional investors led the charge with 189.73 times subscription, followed by QIBs at 96.36 times, and retail investors at 91.21 Read: 10 Nifty smallcaps with up to 29 buy calls; analysts see up to 26% upside Neetu Yoshi raised Rs 77.04 crore through the sale of 1.02 crore equity shares at a fixed price. The company plans to use Rs 50.8 crore from the proceeds to establish a new manufacturing facility, with the balance allocated for general corporate of the IPO, Neetu Yoshi also secured Rs 21.90 crore from anchor investors, indicating early institutional in 2020, the Uttarakhand-based company specialises in customised ferrous metallurgical products for the Indian Railways. Its product line includes brake beams, axle boxes, coupling components, and suspension castings—ranging from 0.2 kg to 500 kg. As an RDSO-certified vendor, it plays a critical role in supplying components essential to railway braking and propulsion issue was managed by Horizon Management, with Skyline Financial Services acting as the strong fundamentals, high subscription, and positive grey market signals, investors are now eyeing the stock's debut on July 4.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
