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Neelam Linens IPO vs United Heat Transfer IPO

Comparison between Neelam Linens IPO and United Heat Transfer IPO.

IPO Details

Neelam Linens IPO is a SME Bookbuilding IPO proposed to list at NSE SME while United Heat Transfer IPO is a SME Bookbuilding proposed to list at NSE SME.

 Neelam Linens IPOUnited Heat Transfer IPO
LogoNeelam Linens IPO LogoUnited Heat Transfer IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersExpert Global Consultants Pvt.Ltd.Swastika Investmart Ltd.
RegistrarPurva Sharegistry (India) Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market MakerGlobalworth Securities Ltd.Swastika Investmart 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 Neelam Linens IPO is up to ₹12.34 Cr whereas the issue size of the United Heat Transfer IPO is up to ₹28.49 Cr. The final issue price of Neelam Linens IPO is ₹24.00 per share and of United Heat Transfer IPO is ₹59.00 per share.

 Neelam Linens IPOUnited Heat Transfer IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹20.00 per share₹56.00 per share
Issue Price (Upper)₹24.00 per share₹59.00 per share
Issue Price (Final)₹24.00 per share₹59.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size6000 shares2000 shares
Fresh Issue Size51,42,000 shares48,28,000 shares
Fresh Issue Size (Amount)up to ₹12.34 Crup to ₹28.49 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total51,42,000 shares48,28,000 shares
Issue Size Total (Amount)up to ₹12.34 Crup to ₹28.49 Cr

IPO Timetable

Neelam Linens IPO opens on Nov 08, 2024, while United Heat Transfer IPO opens on Oct 22, 2024. The closing date of Neelam Linens IPO and United Heat Transfer IPO is Nov 12, 2024, and Oct 24, 2024, respectively.

 Neelam Linens IPOUnited Heat Transfer IPO
Anchor Bid DateNov 07, 2024Oct 21, 2024
Issue OpenNov 08, 2024Oct 22, 2024
Issue CloseNov 12, 2024Oct 24, 2024
Basis Of Allotment (Tentative)Nov 13, 2024Oct 25, 2024
Initiation of Refunds (Tentative)Nov 14, 2024Oct 28, 2024
Credit of Share (Tentative)Nov 14, 2024Oct 28, 2024
Listing date (Tentative)Nov 18, 2024Oct 29, 2024
Anchor Lockin End date 1Dec 13, 2024Nov 23, 2024
Anchor Lockin End date 2Feb 11, 2025Jan 22, 2025

Financials & KPIs

Neelam Linens IPO P/E ratio is 14.44, as compared to United Heat Transfer IPO P/E ratio of 13.16.

 Neelam Linens IPOUnited Heat Transfer 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 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

United Heat Transfer Limited Financial Information (Restated)

United Heat Transfer Limited's revenue decreased by -9% and profit after tax (PAT) rose by 195% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Jul 202431 Mar 202431 Mar 202331 Mar 2022
Assets7,230.037,046.676,481.526,262.36
Total Income2,120.016,409.557,040.154,796.11
Profit After Tax242.53623.85211.54152.67
Net Worth2,865.242,037.711,413.861,202.32
Reserves and Surplus1,473.24762.71988.86777.32
Total Borrowing3,202.133,692.183,295.183,761.47
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)74.1891.59
Promoter Shareholding (Post-Issue)54.2967.09
P/E Ratio14.4413.16
Market Cap₹48.52 Cr.₹112.12 Cr.
ROE2.99%8.46%
ROCE3.84%10.79%
Debt/Equity3.121.12
EPS₹1.66₹4.48
RoNW3.31%8.46%

Shares Offered

In the Neelam Linens IPO Retail Individual Investors (RII) are offered 18,00,000 shares while in United Heat Transfer IPO retail investors are offered 18,00,000 shares. Qualified Institutional Buyers (QIB) are offered 10,32,000 shares in Neelam Linens IPO and 9,74,000 shares in United Heat Transfer IPO.

 Neelam Linens IPOUnited Heat Transfer IPO
Anchor Investor Reserveration15,36,000 shares14,34,000 shares
Market Maker Reserveration2,76,000 shares2,56,000 shares
QIB10,32,000 shares9,74,000 shares
NII7,74,000 shares7,28,000 shares
RII18,00,000 shares16,92,000 shares
Employee
Others
Total51,42,000 shares48,28,000 shares

Bids Received (Subscription)

Neelam Linens IPO subscribed 91.97x in total, whereas United Heat Transfer IPO subscribed 83.70x.

 Neelam Linens IPOUnited Heat Transfer IPO
QIB (times)15.40x26.56x
NII (times)273.47x124.72x
Big NII (times)
Small NII (times)
RII (times)57.82x98.93x
Employee (times)
Other (times)
Total (times)91.97x83.70x