Neetu Yoshi IPO GMP signals up to 29% listing gain; BSE debut on July 4

The grey market premium (GMP) for Neetu Yoshi’s SME IPO is signalling a strong debut, with shares trading at a premium of Rs 22–24 over the issue price of Rs 75 as of July 2. This suggests a potential listing gain of up to 29% when the stock debuts on the BSE SME platform on July 4.

The IPO, which closed on July 1, was subscribed 119.19 times, reflecting strong investor appetite. Non-institutional investors led the charge with 189.73 times subscription, followed by QIBs at 96.36 times, and retail investors at 91.21 times.

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Neetu Yoshi raised Rs 77.04 crore through the sale of 1.02 crore equity shares at a fixed price. The company plans to use Rs 50.8 crore from the proceeds to establish a new manufacturing facility, with the balance allocated for general corporate purposes.

Ahead of the IPO, Neetu Yoshi also secured Rs 21.90 crore from anchor investors, indicating early institutional interest.

Incorporated in 2020, the Uttarakhand-based company specialises in customised ferrous metallurgical products for the Indian Railways. Its product line includes brake beams, axle boxes, coupling components, and suspension castings—ranging from 0.2 kg to 500 kg. As an RDSO-certified vendor, it plays a critical role in supplying components essential to railway braking and propulsion systems.The issue was managed by Horizon Management, with Skyline Financial Services acting as the registrar.With strong fundamentals, high subscription, and positive grey market signals, investors are now eyeing the stock’s debut on July 4.

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