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C2C Advanced Systems IPO vs Neelam Linens IPO

Comparison between C2C Advanced Systems IPO and Neelam Linens IPO.

IPO Details

C2C Advanced Systems IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Neelam Linens IPO is a SME Bookbuilding proposed to list at NSE SME.

 C2C Advanced Systems IPONeelam Linens IPO
LogoC2C Advanced Systems IPO LogoNeelam Linens IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.Expert Global Consultants Pvt.Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Purva Sharegistry (India) Pvt.Ltd.
Market MakerSpread X Securities Pvt.Ltd.Globalworth Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of C2C Advanced Systems IPO is up to ₹94.11 Cr whereas the issue size of the Neelam Linens IPO is up to ₹12.34 Cr. The final issue price of C2C Advanced Systems IPO is ₹226.00 per share and of Neelam Linens IPO is ₹24.00 per share.

 C2C Advanced Systems IPONeelam Linens IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹214.00 per share₹20.00 per share
Issue Price (Upper)₹226.00 per share₹24.00 per share
Issue Price (Final)₹226.00 per share₹24.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size600 shares6000 shares
Fresh Issue Size41,64,000 shares51,42,000 shares
Fresh Issue Size (Amount)up to ₹94.11 Crup to ₹12.34 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total41,64,000 shares51,42,000 shares
Issue Size Total (Amount)up to ₹94.11 Crup to ₹12.34 Cr

IPO Timetable

C2C Advanced Systems IPO opens on Nov 22, 2024, while Neelam Linens IPO opens on Nov 08, 2024. The closing date of C2C Advanced Systems IPO and Neelam Linens IPO is Nov 26, 2024, and Nov 12, 2024, respectively.

 C2C Advanced Systems IPONeelam Linens IPO
Anchor Bid DateNov 21, 2024Nov 07, 2024
Issue OpenNov 22, 2024Nov 08, 2024
Issue CloseNov 26, 2024Nov 12, 2024
Basis Of Allotment (Tentative)Nov 29, 2024Nov 13, 2024
Initiation of Refunds (Tentative)Dec 02, 2024Nov 14, 2024
Credit of Share (Tentative)Dec 02, 2024Nov 14, 2024
Listing date (Tentative)Dec 03, 2024Nov 18, 2024
Anchor Lockin End date 1Dec 31, 2024Dec 13, 2024
Anchor Lockin End date 2Mar 01, 2025Feb 11, 2025

Financials & KPIs

C2C Advanced Systems IPO P/E ratio is 22.56, as compared to Neelam Linens IPO P/E ratio of 14.44.

 C2C Advanced Systems IPONeelam Linens IPO
Financials

C2C Advanced Systems Limited Financial Information (Restated)

C2C Advanced Systems Limited's revenue increased by 412% and profit after tax (PAT) rose by 327% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets11,058.018,583.511,849.78903.18
Total Income4,324.974,129.82806.7334.79
Profit After Tax972.991,227.69287.52-238.21
Net Worth8,618.727,645.73252.14-136.57
Reserves and Surplus6,864.5296.69
Total Borrowing1,329.02944.74554.77
Amount in ₹ Lakhs

Neelam Linens and Garments (India) Ltd Financial Information (Restated Consolidated)

Neelam Linens and Garments (India) Ltd's revenue decreased by -0.63% and profit after tax (PAT) rose by 3.43% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets12,050.2312,116.769,967.977,860.136,467.92
Total Income2,195.3910,474.4210,541.1310,379.698,017.82
Profit After Tax80.46246.05237.88298.5841.53
Net Worth2,428.802,348.342,102.301,468.421,169.84
Reserves and Surplus948.80868.341,362.301,448.421,149.84
Total Borrowing7,566.046,964.946,534.025,110.225,259.22
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)56.5274.18
Promoter Shareholding (Post-Issue)54.29
P/E Ratio22.5614.44
Market Cap₹376.09 Cr.₹48.52 Cr.
ROE2.99%
ROCE3.84%
Debt/Equity0.153.12
EPS₹10.02₹1.66
RoNW11.29%3.31%

Shares Offered

In the C2C Advanced Systems IPO Retail Individual Investors (RII) are offered 14,57,400 shares while in Neelam Linens IPO retail investors are offered 14,57,400 shares. Qualified Institutional Buyers (QIB) are offered 8,32,800 shares in C2C Advanced Systems IPO and 10,32,000 shares in Neelam Linens IPO.

 C2C Advanced Systems IPONeelam Linens IPO
Anchor Investor Reserveration12,49,200 shares15,36,000 shares
Market Maker Reserveration2,19,600 shares2,76,000 shares
QIB8,32,800 shares10,32,000 shares
NII6,24,600 shares7,74,000 shares
RII14,57,400 shares18,00,000 shares
Employee
Others
Total41,64,000 shares51,42,000 shares

Bids Received (Subscription)

C2C Advanced Systems IPO subscribed 125.35x in total, whereas Neelam Linens IPO subscribed 91.97x.

 C2C Advanced Systems IPONeelam Linens IPO
QIB (times)31.61x15.40x
NII (times)233.13x273.47x
Big NII (times)
Small NII (times)
RII (times)132.73x57.82x
Employee (times)
Other (times)
Total (times)125.35x91.97x