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Lamosaic India IPO vs Neelam Linens IPO

Comparison between Lamosaic India IPO and Neelam Linens IPO.

IPO Details

Lamosaic India 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.

 Lamosaic India IPONeelam Linens IPO
LogoLamosaic India IPO LogoNeelam Linens IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersInventure Merchant Banker Services Pvt.Ltd.Expert Global Consultants Pvt.Ltd.
RegistrarKfin Technologies Ltd.Purva Sharegistry (India) Pvt.Ltd.
Market MakerSvcm Securities Pvt.Ltd.Globalworth Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Lamosaic India IPO is up to ₹58.14 Cr whereas the issue size of the Neelam Linens IPO is up to ₹12.34 Cr. The final issue price of Lamosaic India IPO is ₹200.00 per share and of Neelam Linens IPO is ₹24.00 per share.

 Lamosaic India IPONeelam Linens IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹20.00 per share
Issue Price (Upper)₹24.00 per share
Issue Price (Final)₹200.00 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 Size29,07,000 shares51,42,000 shares
Fresh Issue Size (Amount)up to ₹58.14 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 Total29,07,000 shares51,42,000 shares
Issue Size Total (Amount)up to ₹58.14 Crup to ₹12.34 Cr

IPO Timetable

Lamosaic India IPO opens on Nov 21, 2024, while Neelam Linens IPO opens on Nov 08, 2024. The closing date of Lamosaic India IPO and Neelam Linens IPO is Nov 26, 2024, and Nov 12, 2024, respectively.

 Lamosaic India IPONeelam Linens IPO
Anchor Bid DateNov 07, 2024
Issue OpenNov 21, 2024Nov 08, 2024
Issue CloseNov 26, 2024Nov 12, 2024
Basis Of Allotment (Tentative)Nov 27, 2024Nov 13, 2024
Initiation of Refunds (Tentative)Nov 28, 2024Nov 14, 2024
Credit of Share (Tentative)Nov 28, 2024Nov 14, 2024
Listing date (Tentative)Nov 29, 2024Nov 18, 2024
Anchor Lockin End date 1Dec 13, 2024
Anchor Lockin End date 2Feb 11, 2025

Financials & KPIs

Lamosaic India IPO P/E ratio is 17.69, as compared to Neelam Linens IPO P/E ratio of 14.44.

 Lamosaic India IPONeelam Linens IPO
Financials

Lamosaic India Limited Financial Information (Restated)

Lamosaic India Limited's revenue increased by 75.25% and profit after tax (PAT) rose by 102.13% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets8,151.845,126.792,905.61581.13
Total Income7,286.985,565.723,175.851,003.45
Profit After Tax1,076.24822.94407.1450.89
Net Worth2,601.951,525.711,143.33295.99
Reserves and Surplus1,874.15797.91
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)100.0074.18
Promoter Shareholding (Post-Issue)70.4054.29
P/E Ratio17.6914.44
Market Cap₹206.76 Cr.₹48.52 Cr.
ROE41.36%2.99%
ROCE39.95%3.84%
Debt/Equity0.573.12
EPS₹11.31₹1.66
RoNW41.36%3.31%

Shares Offered

In the Lamosaic India IPO Retail Individual Investors (RII) are offered 14,53,500 shares while in Neelam Linens IPO retail investors are offered 14,53,500 shares. Qualified Institutional Buyers (QIB) are offered in Lamosaic India IPO and 10,32,000 shares in Neelam Linens IPO.

 Lamosaic India IPONeelam Linens IPO
Anchor Investor Reserveration15,36,000 shares
Market Maker Reserveration1,53,000 shares2,76,000 shares
QIB10,32,000 shares
NII14,53,500 shares7,74,000 shares
RII14,53,500 shares18,00,000 shares
Employee
Others
Total29,07,000 shares51,42,000 shares

Bids Received (Subscription)

Lamosaic India IPO subscribed 1.77x in total, whereas Neelam Linens IPO subscribed 91.97x.

 Lamosaic India IPONeelam Linens IPO
QIB (times)15.40x
NII (times)0.88x273.47x
Big NII (times)
Small NII (times)
RII (times)2.66x57.82x
Employee (times)
Other (times)
Total (times)1.77x91.97x