Neetu Yoshi Limited Gears Up for ₹77 Crore IPO, Eyes Expansion in Railways Sector

Mumbai, June 23 - Neetu Yoshi Limited, a prominent metallurgical engineering firm, plans to launch an Initial Public Offering (IPO) to raise ₹77.04 Crore. The IPO is scheduled to open on June 27, 2025, with shares to be listed on the BSE SME platform.

The offering comprises 1,02,72,000 equity shares at a face value of ₹5 each, priced between ₹71 to ₹75 per share. Allocation includes anchor investors (up to 29,20,000 shares), qualified institutional buyers (up to 19,52,000 shares), non-institutional investors, and retail investors, as well as a market maker.

The funds will be utilized for establishing a new manufacturing facility and other corporate needs. With the Indian railway sector's rapid growth, Neetu Yoshi aims to enhance its capacity to produce essential safety components, including complete bogies and couplers for high-speed trains, marking a pivotal development in their growth strategy.

(With inputs from agencies.)