Neetu Yoshi Ltd IPO

The IPO opens on 27 Jun 2025 & closes on 01 Jul 2025.

Neetu Yoshi Limited was originally incorporated as Neetu Yoshi Private Limited', a Private Limited Company dated January 20, 2020 issued by Registrar of Companies, Uttarakhand. Thereafter, Company transitioned to a public ownership and a fresh Certificate of Incorporation dated May 18, 2024 was issued by the Registrar of Companies, reflecting the name to Neetu Yoshi Limited'. The Company engaged in casting of Bogie Components, Locomotive Components & Railway track Components, etc. The Company started business as a trading company dealing in sale of specific grade raw materials to the original equipment manufacturers of Indian Railways in year 2020. With the commencement of business, the Promoters, Himanshu Lohia and Subodh Lohia conceptualised the idea of starting machining workshop to original equipment manufacturers. In order to convert the concept into reality, Company rented a factory shed in Rudrupur with CNC machines and commenced the commercial activity of machining railway components for original equipment manufacturers where they were procuring the casted, fabricated & forged parts from other manufacturers & supplying them OEMs after machining them as per their drawing & specification. Further, supported by the market response, the Company established a manufacturing plant at Bhagwanpur Tal. of Uttarakhand in 2023. Company is a RDSO certified vendor for manufacturing and supply of over 25 casting products for Indian Railways. Company launched the IPO by allotting 1,02,72,000 equity shares of face value Rs 5 each by raising Rs 77.04 Crore through fresh issue in July, 2025. The Company has expanded the installed capacity from 4,493 MTPA to 8,087 MTPA in FY25.

Neetu Yoshi Ltd IPO will close on 01 Jul 2025.

<ul><li>Fully equipped and RDSO approved manufacturing facility.</li><li>Strategically located Manufacturing Facility.</li><li>Quality Assurance and Control.</li></ul>

<table class="table"> <thead> <tr> <th>S.No</th> <th>Promoters Name</th> <th>Pre Issue Shares</th> <th>Pre Issue Percentage</th> <th>Post Issue Shares</th> <th>Post Issue Percentage</th> </tr> </thead> <tbody> <tr> <td>1</td> <td>Himanshu Lohia</td> <td>13238400</td> <td>46.38</td> <td>13238400</td> <td>34.11</td> </tr> <tr> <td>2</td> <td>Subodh Lohia</td> <td>13238400</td> <td>46.38</td> <td>13238400</td> <td>34.11</td> </tr> <tr> <td>3</td> <td>Saundarya Lohia</td> <td>700000</td> <td>2.45</td> <td>700000</td> <td>1.8</td> </tr> <tr> <td>4</td> <td>Neelam Gupta</td> <td>700</td> <td>---</td> <td>700</td> <td>---</td> </tr> <tr> <td>5</td> <td>Virendra Gupta</td> <td>700</td> <td>---</td> <td>700</td> <td>---</td> </tr> <tr> <td>6</td> <td>Shradha Agarwal</td> <td>700</td> <td>---</td> <td>700</td> <td>---</td> </tr> </tbody> </table>

<ul><li>Its Manufacturing Facility is located in Uttarakhand. Any disruption, breakdown or shutdown of the company's Manufacturing Facility may have a material adverse effect on its business, financial condition, results of operations and cash flow.</li><li>The company does not own the premises where its Registered Office is located.</li><li>Its manufacturing activity is subject to availability of raw material and the costs of the raw materials. Any shortage in availability or fluctuations in raw material prices, may have a material adverse effect on its business, financial condition, results of operations and cash flows.</li><li>Its business and revenues are substantially dependent on Indian Railways.</li><li>Its business is dependent on the continued growth of infrastructure mainly the Railways infrastructure and any slowdown in fresh investments in the Railway infrastructure or change in policies may impact its business and results of operations.</li><li>The company is subject to strict quality requirements, regular inspections and the success and wide acceptability of its products is largely dependent upon its quality controls and standards. Any failures to comply with quality standards may adversely affect the company business prospects and financial performance, including cancellation of existing and future orders which may expose it to warranty claims.</li><li>The company requires certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate its business, any failures to obtain, retain and renew such approvals and licences or comply with such rules and regulations may adversely affect its operations.</li><li>The company has limited experience in the manufacture activity that its carry.</li><li>Its inability to successfully diversify the company product offerings by setting up new manufacturing facility may adversely affect its growth and negatively impact the company profitability.</li><li>The company has experienced negative cash flows from operating activities and may do so in the future, which could have a material adverse effect on its business, prospects, financial condition, cash flows and results of operations.</li><li>Its promoters have limited experience in the industry in which the company operates.</li><li>The Company, its Promoters and Directors are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.</li><li>Its business is capital intensive. The company requires substantial financing for its business operations. The company indebtedness and the conditions and restrictions imposed on by its financing arrangements could adversely affect our ability to conduct the company business.</li><li>The company has availed unsecured loans which are repayable on demand. Any demand for repayment of such unsecured loans, may adversely affect its cash flows.</li><li>Its lenders have charge over the company movable and immovable properties in respect of finance availed by it.</li><li>Its Promoters and Promoter Group has provided personal guarantees for loans availed by the Company. Its business, financial condition, results of operations, cash flows and prospects may be adversely affected by the invocation of all or any guarantees provided by its Promoter and Promoter Group.</li><li>The company has not yet placed orders in relation to the funding Capital Expenditure towards construction of factory building which is proposed to be financed from the Issue proceeds of the IPO. In the event of any delay in placing the orders, or in the event the vendors are not able to provide the equipment in a timely manner, or at all, may result in time and cost over-runs and its business, prospects and results of operations may be adversely affected. its proposed capacity expansion plans via one of the company proposed manufacturing facilities are subject to the risk of unanticipated delays in implementation due to factors including delays in construction, obtaining regulatory approvals in timely manner and cost overruns.</li><li>Its may not be able to successfully manage the growth of the company operations and execute its growth strategies which may have an adverse effect on the company business, financial condition, results of operations and future prospects.</li><li>Its success depends upon the company Directors and the Key Managerial Personnel. Disassociation of its Directors or any failures to retain such key managerial personnel could have an adverse impact on its business, financial conditions and results of operations.</li><li>The company has in past entered into related party transactions and its may continue to do so in the future.</li><li>Its may be unable to sufficiently obtain, maintain, protect, or enforce the company intellectual property and other proprietary rights.</li><li>The Company is dependent on third parties for transportation of its finished products and any disruption in their operations or a decrease in the quality of their services could have an adverse impact on its business, financial condition, cash flows and results of operations.</li><li>Its management will have broad discretion in how the company apply the Net Proceeds, including interim use of the Net Proceeds, and there is no assurance that the objects of the Issue will be achieved within the time frame expected or at all, or that the deployment of the Net Proceeds in the manner intended by it will result in any increase in the value of your investment.</li><li>Its funding requirements and the deployment of Net Proceeds are based on management estimates and quotations received and have not been independently appraised. Any variation in the utilisation of Net Proceeds of the Fresh Issue as disclosed in this Red Herring Prospectus shall be subject to compliance requirements, including prior shareholders' approval.</li><li>The company operates in a competitive business environment. Competition from existing players and new entrants and consequent pricing pressures could have a material adverse effect on its business growth and prospects, financial condition and results of operations.</li><li>Stringent environmental, health and safety laws and regulations or stringent enforcement of existing environmental, health and safety laws and regulations may result in increased liabilities and increased capital expenditures.</li><li>Its Promoters and some of the company Directors are interested in the Company, in addition to regular remuneration or benefits and reimbursement of expenses.</li><li>There may have been certain instances of non-compliances with respect to certain corporate actions taken by our Company in the past. Consequently, its may be subject to regulatory actions and penalties.</li><li>The company could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.</li><li>The company is subject to restrictive covenants under its financing agreements that could limit the company flexibility in managing its business or to use cash or other assets. Any defaults could lead to acceleration of its repayment obligations, termination of one or more of the company financing agreements or force it to sell the company assets, which may adversely affect its cash flows, business, results of operations and financial condition.</li><li>Information relating to its production capacities and the capacity utilization of the company Manufacturing Facility included in this Red Herring Prospectus is based on factual data and proposed capacity is based on certain assumptions and has been subjected to rounding off, and future production and capacity utilization may vary.</li><li>There have been past instances of delays by the Company in filing of certain GST returns and making payments under the Employees Provident Fund and Miscellaneous Provisions Act, 1952. Any future instances of such delays may result in levy of penalties on the Company.</li><li>Its may be affected by competition law, the adverse application or interpretation of which could adversely affect its business.</li><li>The company is subject to operational risks on account of obsolescence, destruction, breakdown of its equipment or failure to repair or maintain such equipment. Further, if the company does not continually enhance our business with the most recent equipment and technology, its ability to maintain and expand the company markets may be adversely affected.</li><li>Changes in technology may affect its business by making the company Manufacturing Facility or equipment less competitive or obsolete.</li><li>Its insurance coverage may not be adequate to protect the company against all potential losses to which its may be subject and this may have a material effect on the company business and financial condition.</li><li>Its Promoters and members of the Promoter Group will continue jointly to retain majority control over the Company after the Issue, which will allow them to determine the outcome of matters submitted to shareholders for approval.</li><li>Its ability to pay dividends in the future will depend upon the company future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in its financing arrangements.</li><li>If the company is unable to establish and maintain an effective internal controls and compliance system, its business and reputation could be adversely affected.</li><li>The average cost of acquisition of Equity Shares by its Promoter could be lower than the Issue Price.</li><li>The company has not independently verified certain Industry related data in this Red Herring Prospectus.</li><li>Subsequent to the listing of the Equity Shares, its may be subject to surveillance measures, such as the Additional Surveillance Measures and the Graded Surveillance Measures by the Stock Exchanges in order to enhance the integrity of the market and safeguard the interest of investors</li><li>The Equity Shares have never been publicly traded, and, after the Issue, the Equity Shares may experience price and volume fluctuations, and an active trading market for the Equity Shares may not develop. Further, the price of the Equity Shares may be volatile, and you may be unable to resell the Equity Shares at or above the Issue Price, or at all.</li><li>The Issue price of its Equity Shares may not be indicative of the market price of our Equity Shares after the Issue and the market price of the company Equity Shares may decline below the Issue Price and you may not be able to sell your Equity Shares at or above the Issue Price.</li><li>Any future issuance of Equity Shares, or convertible securities or other equity linked securities by our Company may dilute your shareholding and any sale of Equity Shares by its Promoters or members of our Promoter Group may adversely affect the trading price of the Equity Shares.</li><li>Fluctuation in the exchange rate between the Indian Rupee and foreign currencies may have an adverse effect on the value of its Equity Shares, independent of the company operating results.</li><li>Rights of shareholders under Indian laws may be more limited than under the laws of other jurisdictions.</li><li>QIB and Non-Institutional Investors are not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Bid Amount) at any stage after submitting a Bid.</li></ul>

The Issue type of Neetu Yoshi Ltd is Book Building - SME.

The minimum application for shares of Neetu Yoshi Ltd is 1600.

The total shares issue of Neetu Yoshi Ltd is 10272000.

Initial public offer of up to 1,02,72,000 equity shares of face value Rs. 5 each (the "equity shares") of Neetu Yoshi Limited ("the company" or the "issuer") for cash at a price of Rs. 75 per equity share (including securities premium of Rs. 54 per equity share) ("issue price"), aggregating up to Rs. 77.04 crores (the "issue") of which 5,20,000 equity shares aggregating to Rs. 3.9 crores (constituting up to 1.34% of the post-issue paid-up equity share capital of the company) will be reserved for subscription by market maker ("market maker reservation portion"). The issue less the market maker reservation portion i.e issue of 97,52,000 equity shares of face value of Rs. 5 each at an issue price of Rs. 75 per equity share for cash aggregatting up to Rs. 73.14 crores is hereinafter referred to as the "net issue". The issue and the net issue will constitute 26.47 % and 25.13 % respectively of the post-issue paid-up equity share capital of the company.