Neetu Yoshi raises ₹27.48 crore via warrants to scale new Haridwar plant
What's the deal? Neetu YoshiDealroom has a profile for this one. Try Dealroom →, a BSE-listed maker of customised ferrous metallurgical products, has raised ₹27.48 crore (roughly $3.3 million) through a preferential allotment of 26.42 lakh convertible warrants. The warrants were priced at ₹104 each and issued on a private placement basis to promoters and non-promoters.
Who bought in? Promoter Subodh Lohia took 6 lakh warrants, or 22.71% of the allotment. Non-promoter investors took the remaining 20.42 lakh warrants, about 77.29%. Each warrant converts into one equity share, exercisable within 18 months of allotment.
What's the endgame? Neetu Yoshi plans to use the proceeds to ramp up its newly commissioned Haridwar manufacturing facility and strengthen order execution. The company is an RDSO-certified vendor for Indian RailwaysDealroom has a profile for this one. Try Dealroom →, supplying customised castings from 0.2kg to 500kg.
By the numbers: For FY26, Neetu Yoshi reported total income of ₹101.59 crore, EBITDA of ₹33.87 crore, and net profit of ₹25.01 crore on a consolidated basis.
In their words: "This capital raise comes at a pivotal moment for the Company, as we have recently made our new Haridwar manufacturing facility and are well-positioned to scale our operations significantly in the coming quarters," said Himanshu Lohia, managing director and chief financial officer.
The signal: At about $3.3 million, this is a modest raise — sitting in the lower band of disclosed rounds. For a small-cap railway supplier, warrant issuance offers a lower-dilution route to fund expansion while betting on rising demand for precision-engineered components across India.
Read more: lokmattimes.com
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