Neeti Yoshi Limited IPO
Incorporated in 2020, the company is an RDSO-certified foundry with an integrated CNC machine shop, engaged in the manufacturing of customized ferrous metallurgical products. Initially launched as a raw material trader for Indian Railways OEMs, the company has evolved into a full-fledged engineering and manufacturing firm, specializing in the production and machining of railway safety components.
Core Operations & Product Portfolio
i) Manufactures a wide range of castings from 0.2 kg to 500 kg in mild steel, spheroidal graphite iron, cast iron, and manganese steel.
ii) Supplies over 25 RDSO-approved components to Indian Railways, including Bogie components (brake beams, axle boxes, strut castings), Coupler components (striker casting, yoke pin support plates) and Coach and locomotive parts
iii) Equipped to handle both standardized and fully customized production as per client specifications.
Primarily serving the Indian Railways, with scope to expand into other heavy industries requiring high-quality castings and engineered components.
Manufacturing Facility Highlights
The company’s manufacturing facility is located at Fakkarhedi, Bhagwanpur, Uttarakhand, spanning 7,173 sq. meters. As of March 2024, it had an installed capacity of 4,493 MTPA, which has since expanded to 8,087 MTPA. The facility is fully integrated with advanced infrastructure, including melting, moulding, machining, heat treatment, forging, and painting capabilities, enabling efficient production of high-quality ferrous metallurgical components.
Competitive Strengths
1. Fully Equipped & RDSO-Approved Facility: High entry barriers secure its niche in railway safety components.
2. Strategic Location: Near Jagadhri Railway Workshop, reducing raw material procurement cost.
3. Robust Quality Systems: Strict quality checks and certifications ensure product reliability and compliance.
4. Experienced Promoters & KMPs: Led by Promoters with industry expertise and strategic foresight.
Objects of the Neeti Yoshi Limited IPO:
Neeti Yoshi Limited IPO Details:
Open Date: | Jun 27 2025 |
Close Date: | Jul 01 2025 |
Total Shares: | 1,02,72,000 |
Face Value: | ₹ 5 Per Equity Share |
Issue Type: | Book Building |
Issue Size: | 77.04 Cr. |
Lot Size: | 1600 Shares |
Issue Price: | ₹ 71-75 Per Equity Share |
Listing At: | BSE SME |
Promoters And Management:
Financials of Neeti Yoshi Limited IPO:
Particulars | 9M FY2025 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
Total Income | 51.36 | 47.33 | 16.23 | 4.58 |
EBITDA | 16.84 | 17.18 | 1.20 | 0.17 |
EBITDA Margins | 32.80% | 36.31% | 7.43% | 3.81% |
PAT | 11.99 | 12.57 | 0.42 | 0.07 |
PAT Margins | 23.35% | 26.57% | 2.61% | 1.53% |
Debt to Equity Ratio | 0.21 | 0.88 | 1.48 | - |
ROCE | 32.02% | 43.74% | 6.28% | 4.76% |
Operating Cash Flows | 9.83 | 7.67 | -1.95 | -0.01 |
Comparison With Peers:
Companies | Revenue (In Cr.) | EBITDA Margins | PAT Margins | D/E Ratio | ROCE | MCap (In Cr.) | P/E |
Neeti Yoshi (FY 2024) | 47.33 | 36.31% | 26.57% | 0.88 | 43.74% | 291.09 | 23.15* |
Gujarat Intrux (FY 2025) | 65 | 21% | 16.92% | 0.00 | 21.90% | 165 | 15.60 |
Nelcast (FY 2025) | 1,252 | 7% | 2.95% | 0.53 | 9.51% | 1,318 | 38.30 |
Steelcast (FY 2025) | 376 | 28% | 19.14% | 0.00 | 32.90% | 2,237 | 31 |
Lead Manager of Neeti Yoshi Limited IPO:
Registrar of Neeti Yoshi Limited IPO:
Discussion on Neeti Yoshi Limited IPO:
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