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The IPO of Neetu Yoshi, which closed on July 1, saw robust demand with an overall subscription of 119.19 times. Non-institutional investors led the response, bidding 189.73 times their quota, followed by qualified institutional buyers at 96.36 times and retail investors at 91.21 times. View More

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. Also Read: 10 Nifty smallcaps with up to 29 buy calls; analysts see up to 26% upside 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. Live Events 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. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)