Neetu Yoshi IPO

Incorporated in January 2020, Neetu Yoshi Limited is engaged in the business of manufacturing customised products in different grades of ferrous metallurgical products. The company offers a product portfolio of mild steel, spheroidal graphite iron, cast iron, and manganese steel, ranging from 0.2 kg to 500 kg. It is an RDSO certified vendor for Indian Railways. The company offers a wide range of standard and customised products, primarily serving Indian Railways with critical components like braking solutions, suspensions, propulsion aids, and coupling attachments for trains. The company operates a manufacturing facility in Uttarakhand, covering 7,173 sq. meters, strategically located near alloy suppliers and benefiting from lower electricity tariffs, enhancing operational efficiency and competitiveness. Products: CP Assembly, Wedges, Brake Beam, End Casting, Strut Castings, Bogie : Used in braking, suspension, and propulsion systems for Indian Railways. Axle Box Housing, Narrow Jaw Adopter, Wide Jaw Adopter, Modified Adopter, K-Type Adopter, Liners:Used for structural support and various applications in Indian Railways. Stricker Casting, Back Stop, Yoke Pin, Support Plate, Various Liners: Used for mechanical support and safety in Indian Railways' systems. Coupler for Wagon, Coaches, and Locomotives: Used for attachment and pulling of wagons and coaches in railways.   As on July 31, 2024, the company had 88 employees including senior management. Competitive Strengths: Fully equipped and RDSO approved manufacturing facility Strategically located Manufacturing Facility Quality Assurance and Control      

The Company Neetu Yoshi IPO proposes to utilise the Net Proceeds from the Issue towards the following objects: S.No. Objects of the Issue Expected Amount (₹ in crores) 1 Setting up of new manufacturing facility 50.78 2 General corporate purposes

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