Engineering company to raise capital for a new manufacturing facility; IPO to be listed on BSE SME Platform
Neetu Yoshi Limited, a metallurgical engineering company specializing in the manufacture of critical safety spares for Indian Railways, has announced the launch of its Initial Public Offering (IPO) scheduled to open on Friday, June 27, 2025. The company aims to raise ₹77.04 crore at the upper price band, with the IPO set to close on Tuesday, July 1, 2025.
The IPO comprises up to 1,02,72,000 equity shares with a face value of ₹5 each. The price band is set between ₹71 to ₹75 per share, and the minimum lot size for application is 1,600 equity shares. The equity shares will be listed on the BSE SME platform.
Equity Share Allocation:
- Anchor Investors: Up to 29,20,000 shares
- Qualified Institutional Buyers (QIBs): Up to 19,52,000 shares
- Non-Institutional Investors (NIIs): Not less than 14,65,600 shares
- Retail Individual Investors (RIIs): Not less than 34,14,400 shares
- Market Maker Portion: Up to 5,20,000 shares
Use of Proceeds:
The net proceeds from the public issue will be deployed towards:
- Setting up a new manufacturing facility
- General corporate purposes
The Book Running Lead Manager to the issue is Horizon Management Private Limited, and the Registrar is Skyline Financial Services Private Limited.
Leadership Insight:
Mr. Himanshu Lohia, Managing Director and CFO of Neetu Yoshi Limited, commented, “This IPO is a significant milestone in our transformation from a trading business to a leading metallurgical engineering firm. As an RDSO-certified Class A vendor, we supply over 25 mission-critical components to Indian Railways. The upcoming manufacturing facility will enable us to diversify into producing complete bogies and couplers for high-speed trains, reinforcing our commitment to innovation and quality engineering.”
Mr. Manav Goenka, President of Horizon Management Pvt. Ltd., added, “Neetu Yoshi’s IPO arrives at a time when India’s railway sector is seeing exponential growth. Their focused approach on safety-critical components positions them strongly in the supply chain. The IPO will support their expansion and align them with the future demands of Indian Railways.”
Neetu Yoshi Limited’s IPO represents a promising opportunity for investors seeking to align with India’s growing railway modernization and infrastructure push. Backed by strong leadership, a certified product line, and future-ready expansion plans, the company is well-positioned to make a meaningful impact in the critical space of railway safety engineering.
