Neelam Linens IPO vs Nisus Finance IPO

Comparison between Neelam Linens IPO and Nisus Finance IPO.

IPO Details

Neelam Linens IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Nisus Finance IPO is a SME Bookbuilding proposed to list at BSE SME.

	Neelam Linens IPO	Nisus Finance IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	BSE SME
Lead Managers	Expert Global Consultants Pvt.Ltd.	Beeline Capital Advisors Pvt.Ltd.
Registrar	Purva Sharegistry (India) Pvt.Ltd.	Skyline Financial Services Pvt.Ltd.
Market Maker	Globalworth Securities Ltd.	Spread X Securities Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Neelam Linens IPO is up to ₹12.34 Cr whereas the issue size of the Nisus Finance IPO is up to ₹107.91 Cr. The final issue price of Neelam Linens IPO is ₹24.00 per share and of Nisus Finance IPO is ₹180.00 per share.

	Neelam Linens IPO	Nisus Finance IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹20.00 per share	₹170.00 per share
Issue Price (Upper)	₹24.00 per share	₹180.00 per share
Issue Price (Final)	₹24.00 per share	₹180.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)		₹0.00 per share
Market Lot Size	6000 shares	800 shares
Fresh Issue Size	51,42,000 shares	52,94,400 shares
Fresh Issue Size (Amount)	up to ₹12.34 Cr	up to ₹95.30 Cr
OFS Issue Size	0 shares	7,00,800 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹12.61 Cr
Issue Size Total	51,42,000 shares	59,95,200 shares
Issue Size Total (Amount)	up to ₹12.34 Cr	up to ₹107.91 Cr

IPO Timetable

Neelam Linens IPO opens on Nov 08, 2024, while Nisus Finance IPO opens on Dec 04, 2024. The closing date of Neelam Linens IPO and Nisus Finance IPO is Nov 12, 2024, and Dec 06, 2024, respectively.

	Neelam Linens IPO	Nisus Finance IPO
Anchor Bid Date	Nov 07, 2024	Dec 03, 2024
Issue Open	Nov 08, 2024	Dec 04, 2024
Issue Close	Nov 12, 2024	Dec 06, 2024
Basis Of Allotment (Tentative)	Nov 13, 2024	Dec 09, 2024
Initiation of Refunds (Tentative)	Nov 14, 2024	Dec 10, 2024
Credit of Share (Tentative)	Nov 14, 2024	Dec 10, 2024
Listing date (Tentative)	Nov 18, 2024	Dec 11, 2024
Anchor Lockin End date 1	Dec 13, 2024	Jan 08, 2025
Anchor Lockin End date 2	Feb 11, 2025	Mar 09, 2025

Financials & KPIs

Neelam Linens IPO P/E ratio is 14.44, as compared to Nisus Finance IPO P/E ratio of 14.24.

Neelam Linens IPO

Nisus Finance IPO

Financials

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 Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	12,050.23	12,116.76	9,967.97	7,860.13	6,467.92
Total Income	2,195.39	10,474.42	10,541.13	10,379.69	8,017.82
Profit After Tax	80.46	246.05	237.88	298.58	41.53
Net Worth	2,428.80	2,348.34	2,102.30	1,468.42	1,169.84
Reserves and Surplus	948.80	868.34	1,362.30	1,448.42	1,149.84
Total Borrowing	7,566.04	6,964.94	6,534.02	5,110.22	5,259.22
Amount in ₹ Lakhs

Nisus Finance Services Co Limited Financial Information (Restated Consolidated)

Nisus Finance Services Co Limited's revenue increased by 266.16% and profit after tax (PAT) rose by 663.29% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	5,835.66	4,903.31	3,106.22	2,077.43
Total Income	1,500.53	4,224.92	1,153.83	749.51
Profit After Tax	835.72	2,305.29	302.02	129.43
Net Worth	3,876.66	3,129.80	938.95	638.90
Reserves and Surplus	2,236.20	3,119.19	831.70	531.65
Total Borrowing	663.83	726.50	1,813.50	1,041.56
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

74.18

99.74

Promoter Shareholding (Post-Issue)

54.29

73.22

P/E Ratio

14.44

14.24

Market Cap

₹48.52 Cr.

₹429.81 Cr.

ROE

2.99%

109.83%

ROCE

3.84%

101.63%

Debt/Equity

3.12

0.23

EPS

₹1.66

₹12.64

RoNW

3.31%

73.09%

Shares Offered

In the Neelam Linens IPO Retail Individual Investors (RII) are offered 18,00,000 shares while in Nisus Finance IPO retail investors are offered 18,00,000 shares. Qualified Institutional Buyers (QIB) are offered 10,32,000 shares in Neelam Linens IPO and 11,94,400 shares in Nisus Finance IPO.

	Neelam Linens IPO	Nisus Finance IPO
Anchor Investor Reserveration	15,36,000 shares	17,89,600 shares
Market Maker Reserveration	2,76,000 shares	3,51,200 shares
QIB	10,32,000 shares	11,94,400 shares
NII	7,74,000 shares	8,96,000 shares
RII	18,00,000 shares	20,91,200 shares
Employee		24,000 shares
Others
Total	51,42,000 shares	59,95,200 shares

Bids Received (Subscription)

Neelam Linens IPO subscribed 91.97x in total, whereas Nisus Finance IPO subscribed 192.29x.

	Neelam Linens IPO	Nisus Finance IPO
QIB (times)	15.40x	93.84x
NII (times)	273.47x	451.21x
Big NII (times)
Small NII (times)
RII (times)	57.82x	139.78x
Employee (times)		0.90x
Other (times)
Total (times)	91.97x	192.29x

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