Neetu Yoshi Share Price Debuts at 40% Premium on BSE SME: IPO Sees Massive 128x Subscription

Market Performance

Shares of Neetu Yoshi made a strong debut on the BSE SME platform, listing at a 40% premium over its issue price.

• Listing Price: ₹105 per share
• Issue Price: ₹75 per share
• Market Capitalization on Listing: ₹407.53 Crore

The listing surpassed estimates from the grey market, which had suggested a premium of around 25%.

Main News: Massive Response to Neetu Yoshi IPO

The IPO of Neetu Yoshi Ltd., a manufacturer of customized ferrous metallurgical products, garnered strong investor interest, resulting in a subscription rate of 128.18 times.

Here's a breakdown of the IPO performance:

• IPO Period: June 27 to July 1
• Total Bids Received: 87.62 Crore equity shares
• Offer Size: 73.52 lakh shares
• Number of Applications: 2.12 lakh+

Investor-wise subscription details:

• Non-Institutional Investors (NIIs): 189.73 times
• Qualified Institutional Buyers (QIBs): 96.36 times
• Retail Investors: 91.21 times

The significant oversubscription across categories reflects heightened investor confidence in the company's fundamentals and growth potential.

Company Details: About Neetu Yoshi Ltd

Neetu Yoshi Ltd is based in Uttarakhand and specializes in customized ferrous metallurgical products.

IPO Details:

• IPO Size: ₹77.04 Crore
• Equity Shares Offered: 1.02 Crore
• IPO Price per Share: ₹75

Fund Utilization Plan:

• ₹50.8 Crore allocated for establishing a new manufacturing facility
• Remaining funds earmarked for general corporate purposes

Grey Market Activity

Before listing, Neetu Yoshi's share price was trading at a grey market premium of approximately ₹ 18.50.

• GMP Indicated Listing Gain: ~24.67%
• Actual Listing Gain: 40%

The final listing price exceeded grey market expectations, suggesting stronger-than-estimated market demand.

Summary of the Article

• Neetu Yoshi's share price opened at ₹105, marking a 40% premium on BSE SME.
• The IPO received an overwhelming response, with subscriptions at 128.18 times the offer size.
• NIIs led the subscription rally, bidding 189.73x their quota.
• The ₹77.04 Crore IPO proceeds will fund expansion and operations.
• The market cap reached ₹407.53 Crore after listing.