Neetu Yoshi Ltd IPO

Neetu Yoshi Limited was originally incorporated as `Neetu Yoshi Private Limited', a private limited company under Companies Act, 2013, pursuant to a certificate of incorporation dated January 20, 2020 issued by Registrar of Companies, Uttarakhand. Thereafter, the Company was converted into a public limited company pursuant to a resolution passed by its Board at its meeting held on March 04, 2024 shareholders at an Extra-ordinary General Meeting held on March 09, 2024 and a fresh certificate of incorporation dated May 18, 2024 was issued by the Registrar of Companies, consequent upon conversion, the name of the Company was changed from `Neetu Yoshi Private Limited' to `Neetu Yoshi Limited'.

The rail transport market size has grown strongly in recent years, It will grow from $546.13 billion in 2023 to $582.61 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to strong economic growth in emerging markets, rise in e-commerce, change in taxation rules and rise in mining activity. The growth in the forecast period can be attributed to high-speed emissions and major trends in the forecast period. The rail transport market size is expected to see growth in the next few years. It will grow to $ 748.97 billion in 2028 at a compound annual growth (CAGR) of 6.5%. The growth in the forecast period can be attributed to highspeed trains, technological advances and emphasis on cutting carbon emission. Major trends in the forecast period include adopting head on generation (HOG) technology should to reduce their carbon footprints, increasing profitability of operations, and reduce operating costs and other fuel related expenses, harness digitalization to improve passengers experience and reduce costs, invest in connected mobility to enable drivers and their passengers to experience a much smoother trip and exploit obstacle detection assistance system to enhance passenger's safety and to reduce accidents.

The Company is a foundry with integrated CNC machine shop engaged in the business of manufacturing of customised products in different grades of ferrous metallurgical products. Its product portfolio covers different grades of mild steel, spheroidal graphite iron, cast iron and manganese steel, from as small as 0.2 Kgs to 500 Kgs finished metallurgical products. The Company is a RDSO certified vendor for manufacturing and supply of over 25 casting products for Indian Railways. The Company is also ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 accredited company which certifies our quality management, environmental management and occupational health & safety management system respectively, employed by the company in its manufacturing facility. The Company combines modern manufacturing technology and engineering expertise with cost efficient processes, to deliver quality products at competitive prices. Its manufacturing operations are strengthened by its technical capabilities, infrastructure, and process knowledge.