The Indian IPO market in 2025 continues to see a surge in SME public issues, with promising companies entering the capital market. One such notable entry is Neetu Yoshi Limited, a company that has caught the attention of both institutional and retail investors due to its impressive financial turnaround and expansion plans. The Neetu Yoshi IPO, which opens on 27th June 2025, is expected to garner significant interest in the BSE SME segment.
With a book-building IPO worth ₹77.04 crore, robust grey market sentiment, and eye-catching financial performance, this IPO could be a strong addition to a long-term growth-focused portfolio. This article provides a comprehensive 360-degree analysis of the Neetu Yoshi IPO, covering everything from IPO details and GMP trends to financials, sector outlook, peer comparison, and expert opinions.
1. IPO Snapshot
Neetu Yoshi Limited has launched a fresh issue of 1,02,72,000 shares aggregating to ₹77.04 crore. The IPO is structured as a book-building issue and will be listed on the BSE SME platform.
Key Details:
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IPO Open Date: 27th June 2025
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IPO Close Date: 1st July 2025
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Listing Date (Tentative): 4th July 2025
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Price Band: ₹71 to ₹75 per share
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Face Value: ₹5 per share
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Lot Size: 1,600 shares
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Retail Investment: ₹1,20,000 (per lot)
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Issue Size: ₹77.04 crores
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Registrar: Skyline Financial Services Pvt. Ltd.
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IPO Type: 100% Fresh Issue
The minimum bid size for retail investors is one lot, comprising 1,600 shares, amounting to a sizable investment of ₹1.2 lakh. This places it in the high-value SME IPO segment.
2. GMP (Grey Market Premium) Trend
The Grey Market Premium (GMP) for the Neetu Yoshi IPO has shown steady traction over recent sessions. As of 27th June 2025, the GMP stands at ₹14, translating to an estimated listing price of ₹89. This implies a potential listing gain of 18.66% over the upper issue price of ₹75.
GMP Trend Table:
| Date | Issue Price | GMP | Estimated Listing Price | Listing Gain (%) |
|---|---|---|---|---|
| 27-06-2025 | ₹75 | ₹14 | ₹89 | 18.66% |
| 26-06-2025 | ₹75 | ₹14 | ₹89 | 18.66% |
| 25-06-2025 | ₹75 | ₹0 | ₹75 | 0.00% |
| 24-06-2025 | ₹75 | ₹0 | ₹75 | 0.00% |
The rise in GMP indicates growing demand and a favorable sentiment for this IPO in the unofficial market. However, it’s important to note that GMP is speculative and not regulated.
3. Company Profile
Neetu Yoshi Limited is a growing player in the manufacturing sector, involved in industrial component production and precision engineering. The company specializes in the manufacturing of ferrous and non-ferrous casting components used in heavy engineering, automotive, and defence-related sectors.
Key business strengths include:
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Rapid capacity expansion
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Cost-efficient manufacturing with a focus on precision
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Stable long-term contracts with domestic industrial clients
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Strong return ratios and profitability margins
The company aims to become a leading supplier of casted and machined components in India and overseas.
4. Use of IPO Proceeds
The proceeds from the IPO will be primarily used for:
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Setting up a new manufacturing unit
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Working capital requirements
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General corporate purposes
The proposed manufacturing unit will support future growth and help the company scale up to meet higher client demand across industries.
5. Financial Performance
The financials of Neetu Yoshi Limited have shown a remarkable turnaround over the past two financial years. Revenue and profit after tax have shown explosive growth.
Key Financial Indicators:
| Financial Year | Revenue (₹ Cr) | PAT (₹ Cr) | EPS (₹) | RoNW (%) | EBITDA Margin (%) | PAT Margin (%) |
|---|---|---|---|---|---|---|
| FY 2023 | ₹16.33 | ₹0.42 | 0.15 | 3.88 | 8.4 | 2.6 |
| FY 2024 | ₹47.45 | ₹12.58 | 4.41 | 99.20 | 36.31 | 26.58 |
Valuation Multiples (Pre-IPO):
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PE Ratio: 17.02
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Price to Book Value: 10.29
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Market Cap (post-issue): ₹291.09 crores
The RoNW of 99.2% and PAT margin of 26.58% are exceptionally high for an SME manufacturing company, indicating strong profitability and internal efficiency.
6. Technical & Post-IPO Valuation Metrics
Post-IPO valuation metrics reflect slight moderation, but remain fundamentally strong.
| Indicator | Pre-IPO | Post-IPO |
|---|---|---|
| PE Ratio | 17.02 | 18.20 |
| EPS (₹) | 4.41 | 4.12 |
The dilution effect on EPS is minimal, reflecting efficient fund deployment and profit consistency.
7. Peer Comparison
Here’s how Neetu Yoshi stacks up against its listed peers:
| Company Name | Revenue (Cr) | PE Ratio | EPS | RoNW (%) |
|---|---|---|---|---|
| Neetu Yoshi Ltd | ₹47.45 | 17.02 | ₹4.41 | 99.28 |
| Gujarat Intrux Ltd | ₹58.67 | 23.24 | ₹21.42 | 12.26 |
| Neclast Ltd | ₹1,281.00 | 21.41 | ₹6.25 | 10.99 |
| Steelcast Ltd | ₹413.00 | 28.83 | ₹37.06 | 30.71 |
Despite being smaller in revenue, Neetu Yoshi outperforms many peers on return ratios and net margins, making it attractive from a profitability perspective.
8. IPO Allotment & Listing Schedule
| Event | Date |
|---|---|
| IPO Open Date | 27th June 2025 |
| IPO Close Date | 1st July 2025 |
| Allotment Date | 2nd July 2025 |
| Refund Initiation | 3rd July 2025 |
| Listing Date | 4th July 2025 |
9. SWOT Analysis
Strengths:
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Strong YoY growth in revenue and profit
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Excellent return on net worth
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Robust EBITDA and PAT margins
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Positive GMP trend and market sentiment
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Backward-integrated manufacturing
Weaknesses:
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High valuation in terms of P/B ratio
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High dependence on few industrial segments
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Limited brand recognition as a new entrant
Opportunities:
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Huge demand in industrial manufacturing and exports
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Scope for capacity expansion
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Potential entry into defence components
Threats:
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SME segment volatility
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Raw material price fluctuations
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Potential entry of larger players into the niche
10. Investment Rationale
The Neetu Yoshi IPO is suited for investors looking at SME stocks with:
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High growth potential
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Strong operational metrics
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Scalable business model
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Transparent utilization of IPO funds
The listing gain potential is also promising, based on current GMP, although this is speculative. Long-term wealth generation will depend on the execution of expansion plans and consistent financial performance post-listing.
11. FAQs
Q1: What is the GMP of Neetu Yoshi IPO today?
A: ₹14 as of 27th June 2025.
Q2: What is the expected listing price?
A: ₹89 (₹75 issue price + ₹14 GMP), giving an estimated gain of 18.66%.
Q3: What’s the IPO issue size?
A: ₹77.04 crore via fresh issue of 1.02 crore shares.
Q4: When is Neetu Yoshi IPO listing?
A: Tentatively on 4th July 2025 on BSE SME.
Q5: What are the key strengths of the company?
A: High profitability margins, strong return ratios, focused expansion plan, and a high-growth sector outlook.
12. Conclusion
The Neetu Yoshi IPO presents a compelling opportunity in the SME space, especially for investors focused on manufacturing and industrial growth in India. With stellar RoNW, high margins, and a clean financial track record, the company has positioned itself as a strong contender in its segment.
While the SME nature of the IPO means lower liquidity post-listing and higher ticket size risk, the fundamental and financial health make it an attractive bet for medium to long-term investors. Listing gains are expected based on current GMP, but investors should also consider long-term viability when subscribing.
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