Neelam Linens IPO vs OBSC Perfection IPO

Comparison between Neelam Linens IPO and OBSC Perfection IPO.

IPO Details

Neelam Linens IPO is a SME Bookbuilding IPO proposed to list at NSE SME while OBSC Perfection IPO is a SME Bookbuilding proposed to list at NSE SME.

	Neelam Linens IPO	OBSC Perfection IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Expert Global Consultants Pvt.Ltd.	Unistone Capital Pvt.Ltd.
Registrar	Purva Sharegistry (India) Pvt.Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Globalworth Securities Ltd.	R.K.Stock Holding 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 OBSC Perfection IPO is up to ₹62.69 Cr. The final issue price of Neelam Linens IPO is ₹24.00 per share and of OBSC Perfection IPO is ₹100.00 per share.

	Neelam Linens IPO	OBSC Perfection IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹20.00 per share	₹95.00 per share
Issue Price (Upper)	₹24.00 per share	₹100.00 per share
Issue Price (Final)	₹24.00 per share	₹100.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	6000 shares	1200 shares
Fresh Issue Size	51,42,000 shares	62,68,800 shares
Fresh Issue Size (Amount)	up to ₹12.34 Cr	up to ₹62.69 Cr
OFS Issue Size	0 shares	0 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹0.00 Cr
Issue Size Total	51,42,000 shares	62,68,800 shares
Issue Size Total (Amount)	up to ₹12.34 Cr	up to ₹62.69 Cr

IPO Timetable

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

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

Financials & KPIs

Neelam Linens IPO P/E ratio is 14.44, as compared to OBSC Perfection IPO P/E ratio of 14.62.

Neelam Linens IPO

OBSC Perfection 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

OBSC Perfection Limited Financial Information (Restated)

OBSC Perfection Limited's revenue increased by 20% and profit after tax (PAT) rose by 167% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Aug 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	11,066.37	8,650.59	6,916.01	4,847.48
Total Income	5,700.15	11,611.41	9,691.03	5,672.42
Profit After Tax	603.05	1,221.21	457.39	360.11
Net Worth	3,610.15	3,007.1	1,785.89	1,328.47
Reserves and Surplus	1,825.15	1,222.1	595.89	138.47
Total Borrowing	4,967.82	4,147.25	3,340.48	1,897.54
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

74.18

100

Promoter Shareholding (Post-Issue)

54.29

P/E Ratio

14.44

14.62

Market Cap

₹48.52 Cr.

₹244.52 Cr.

ROE

2.99%

40.61%

ROCE

3.84%

31.49%

Debt/Equity

3.12

1.38

EPS

₹1.66

₹6.84

RoNW

3.31%

40.61%

Shares Offered

In the Neelam Linens IPO Retail Individual Investors (RII) are offered 18,00,000 shares while in OBSC Perfection IPO retail investors are offered 18,00,000 shares. Qualified Institutional Buyers (QIB) are offered 10,32,000 shares in Neelam Linens IPO and 12,54,000 shares in OBSC Perfection IPO.

	Neelam Linens IPO	OBSC Perfection IPO
Anchor Investor Reserveration	15,36,000 shares	18,79,200 shares
Market Maker Reserveration	2,76,000 shares	3,33,600 shares
QIB	10,32,000 shares	12,54,000 shares
NII	7,74,000 shares	9,40,800 shares
RII	18,00,000 shares	21,94,800 shares
Employee
Others
Total	51,42,000 shares	62,68,800 shares

Bids Received (Subscription)

Neelam Linens IPO subscribed 91.97x in total, whereas OBSC Perfection IPO subscribed 16.56x.

	Neelam Linens IPO	OBSC Perfection IPO
QIB (times)	15.40x	10.20x
NII (times)	273.47x	25.87x
Big NII (times)
Small NII (times)
RII (times)	57.82x	16.20x
Employee (times)
Other (times)
Total (times)	91.97x	16.56x

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Neelam Linens IPO	OBSC Perfection IPO
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Onyx Biotec IPO	Mangal Compusolution IPO
Mangal Compusolution IPO	Neelam Linens IPO
OBSC Perfection IPO	United Heat Transfer IPO
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