BSE SME IPO: Neetu Yoshi IPO Opens on June 27: Railway-Focused Metallurgical Firm to Raise Up to Rs 77 Crore

Neetu Yoshi, a foundry and integrated CNC machine shop specializing in customized ferrous metallurgical products, is set to launch its Initial Public Offering (IPO) on the Bombay Stock Exchange (BSE) Small and Medium Enterprises (SME) platform. The issue will open for subscription on June 27 and close on July 1, 2025.

Neetu Yoshi IPO Price Band

The price band has been fixed at Rs 71 to Rs 75 per share, with a minimum lot size of 1,600 shares, requiring a minimum investment of around Rs 1.2 lakh. The IPO is a completely fresh issue of 1.02 crore equity shares, aiming to raise between Rs 72.93 crore and Rs 77.04 crore, depending on the final pricing. There is no offer-for-sale component in this issue. The company has reserved 35% of the issue for retail investors.

About Neetu Yoshi

Neetu Yoshi is a key supplier to Indian Railways and holds certification from the RDSO (Research Designs and Standards Organisation). It manufactures and supplies over 25 casting products used in the production of safety-critical railway components such as braking systems, suspensions, propulsion aids, and coupling attachments. Its products are integral to bogie components, LHB bogie parts, coupler and coach components, locomotive parts, and railway track fittings.

The company's product range includes multiple grades of mild steel, cast iron, spheroidal graphite iron, and manganese steel, with final product weights ranging from 0.2 kg to 500 kg.

Neetu Yoshi Financial Performances Year-Wise

Financially, Neetu Yoshi has posted strong growth over the past few years. Revenue surged from Rs 4.59 crore in FY22 to Rs 47.33 crore in FY24, with Rs 51.36 crore already recorded in the first nine months of FY25.

Net profit rose to Rs 12.58 crore in FY24 from just Rs 0.42 crore in FY23, with Rs 11.99 crore in profit reported for the 9M FY25 period. This performance reflects improved operational efficiency and higher order execution, especially in the railway sector.

The equity shares will be listed on the BSE SME exchange after the successful completion of the IPO process.