Neetu Yoshi IPO, June 27 -- The initial public offering (IPO) of customised ferrous metallurgical products manufacturer opened for subscription on Friday, June 27. The book-building issue of Rs.77.04 crore is entirely a fresh issue of 1,02,72,000 shares. The latest grey market premium of Neetu Yoshi indicates the stock could be listed at a healthy premium of over 30 per cent.

By 10:25 AM on the first day of subscription, the issue had been subscribed to 2 per cent, with the retail portion booked 4 per cent and the segment reserved for non-institutional investors (NIIs) subscribed 3 per cent. The segment reserved for qualified institutional buyers had not seen any subscriptions until then.

1. Neetu Yoshi IPO GMP: According to market sour...