Key Quantitative Figures
- Total warrants allotted: 26.42 lakh convertible warrants
- Issue price per warrant: ₹104
- Total issue size: ₹27.48 crore
- Warrants allotted to promoter Subodh Lohia: 6 lakh warrants (22.71% of total allotment)
- Warrants allotted to non-promoter investors: 20.42 lakh warrants (77.29% of total allotment)
- Conversion terms: Each warrant convertible into one equity share within 18 months from allotment date
Financial Performance Reference (FY26 Consolidated)
- Total Income: ₹101.59 crore
- EBITDA: ₹33.87 crore
- Net Profit: ₹25.01 crore
Purpose and Rationale
The proceeds from the preferential issue are intended to:
- Fund operations ramp-up at the newly commissioned Haridwar manufacturing facility
- Strengthen order execution capabilities
- Capitalize on growing demand for precision-engineered railway and engineering components across India
- Provide additional financial strength to pursue growth objectives
Management Commentary
Mr. Himanshu Lohia, Managing Director cum Chief Financial Officer, stated that the fully subscribed issue reflects strong investor confidence in the company's growth story. He noted that the capital raise comes at a pivotal moment as the company has recently made its new Haridwar manufacturing facility operational and is positioned to scale operations significantly in coming quarters.
Company Background
Neetu Yoshi Limited is an RDSO-certified manufacturer of customized ferrous metallurgical products including mild steel, spherical graphite iron, cast iron, and manganese steel (0.2 kg to 500 kg). The company holds:
- RDSO certification for over 25 casting products for Indian Railways
- ISO 9001:2015 (quality management)
- ISO 14001:2015 (environmental management)
- ISO 45001:2018 (occupational health & safety management)