Neetu Yoshi IPO

About Neetu Yoshi IPO

The IPO of Neetu Yoshi Ltd comprises a fresh issue of up to 1,02,72,000 equity shares, aggregating up to ₹77.04 crores. There’s no offer sale in this IPO, which is a 100% book-built issue. The price band of the issue is ₹71 -₹75. The lot size of the IPO is 1600.

The opening date of the IPO is June 27, 2025. The closing date of the IPO is July 1, 2025. The allotment date is July 2, 2025. The initiation of refunds will take place on July 3, 2025. The listing date of the IPO is July 4, 2025. The credit of shares to the demat account will take place on July 3, 2025.

Objectives of Neetu Yoshi IPO

• Setting up of new manufacturing facility
• General corporate purposes

Industry Outlook

The India metal casting market size reached US$ 12,473 Million in 2023 which is expected to reach US$21,252 Million by 2032, exhibiting a growth rate (CAGR) of 5.8% during 2024-32.

India represents one of the largest metal casting markets in the Asia Pacific region. The market is primarily driven by the rising demand for lightweight vehicles in the country due to the inflating incomes of consumers. The growing automotive industry and rapid urbanisation and industrialisation have also created a need for construction equipment.

Besides this, rising environmental awareness is stimulating the market growth. Moreover, the process of metal casting forms an integral part in the goods and equipment industry to produce a wide variety of home appliances, surgical instruments and critical components for aircraft and automobiles.

Company Information

Neetu Yoshi Ltd a foundry with integrated CNC machine shop engaged in the business of manufacturing of customised products in different grades of ferrous metallurgical products. Its product portfolio covers different grades of mild steel, spheroidal graphite iron, cast iron and manganese steel, from as small as 0.2 Kgs to 500 Kgs finished metallurgical products. The company is a RDSO certified vendor for manufacturing and supply of over 25 casting products for Indian Railways. They are also ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 accredited company which certifies their quality management, environmental management and occupational health & safety management system respectively, employed by them in their manufacturing facility.

Risks of Neetu Yoshi IPO

• Breakdown in Manufacturing Facility

The company’s manufacturing facility is located in Uttarakhand. Any disruption, breakdown or shutdown of its manufacturing facility may have a material adverse effect on its business, financial condition, results of operations and cash flow.

• Fluctuation in Raw Material Prices

The company’s manufacturing activity is subject to availability of raw material and the costs of the raw materials. Any shortage in availability or fluctuations in raw material prices, may have a material adverse effect on its business, financial condition, results of operations and cash flows.

• Substantial Dependence on Indian Railways

The company derives majority of its revenues from contracts with a limited number of customers such as Jupiter Wagons Limited, Titagarh Wagons Limited, Om Besco Rail Products Limited, JL Steel-2 who depend upon Indian Railways for award and execution of the projects awarded to them and therefore its revenues substantially dependent on Indian Railways and Indian Railway Sector.

Anchor Investor Bidding Date

Anchor investor bid period starts on June 26, 2025.

IPO Registrar and Book Running Lead Manager

• IPO Registrar: Skyline Financial Services Pvt Ltd
• Book Running Lead Manager: Horizon Management Pvt Ltd

Business Model

Neetu Yoshi Ltd has a diverse product portfolio of over 25 products supplemented by its ability to make customised products for its customers. On the date of the draft red herring prospectus, the company is majorly catering and serving Indian Railways through its finished metallurgical products which are used for production of critical safety products, i.e. braking solutions, suspensions, propulsion aids & coupling attachments for trains.

Company Growth Trajectory

The revenue from operations of Neetu Yoshi Ltd jumped from ₹4.5885 crores in FY 22 to ₹47.3342 crores in FY 24. Its EBITDA margin grew from 3.81% in FY 22 to 36.31% in FY 24, while net profit margin grew from 1.53% in FY 22 to 26.58% in FY 24. Quality assurance and control coupled with strategically located manufacturing facility has aided in the company’s growth.

Market Position

Neetu Yoshi Ltd has a diverse product portfolio of over 25 products supplemented by its ability to make customised products for its customers. The company is ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 certified which certify its quality management, environmental management and occupational health & safety management system respectively, employed by the company in its manufacturing facility.

How to Check Allotment Status of the Neetu Yoshi IPO?

1. Visit the Registrar’s Website

• Visit the official website of Skyline Financial Services Pvt Ltd
• Click on ‘Public Issue’ from ‘Investors’ dropdown
• Choose ‘Company Name’
• Enter DPID/Client ID or Application Number or PAN Number
• Click on ‘Search’ to know the status

2. Check on the Bombay Stock Exchange Website

The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to www.bseindia.com and find the 'Investor Services' tab. Under 'Investors Services', click on 'Status of Issue Application'. This will take you to the IPO allotment status page. On the BSE IPO page, follow these steps:

• Choose the Issue Type
• Select the Issue Name from dropdown
• Put in either your application number or PAN number
• Check the box ‘I’m not a robot’
• Click on ‘Search’ to know allotment status

How to Apply for the Neetu Yoshi IPO?

• Log in to your Kotak Securities Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
• Specify IPO details - Enter the number of lots and the price you wish to apply for.
• Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
• Mandate Notification - Your UPI app will receive a mandate notification to block funds.
• Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.