Neelam Linens IPO vs Premium Plast IPO

Comparison between Neelam Linens IPO and Premium Plast IPO.

IPO Details

Neelam Linens IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Premium Plast IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Neelam Linens IPO is up to ₹12.34 Cr whereas the issue size of the Premium Plast IPO is up to ₹24.87 Cr. The final issue price of Neelam Linens IPO is ₹24.00 per share and of Premium Plast IPO is ₹49.00 per share.

 Neelam Linens IPOPremium Plast IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹20.00 per share₹46.00 per share
Issue Price (Upper)₹24.00 per share₹49.00 per share
Issue Price (Final)₹24.00 per share₹49.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size6000 shares3000 shares
Fresh Issue Size51,42,000 shares50,76,000 shares
Fresh Issue Size (Amount)up to ₹12.34 Crup to ₹24.87 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total51,42,000 shares50,76,000 shares
Issue Size Total (Amount)up to ₹12.34 Crup to ₹24.87 Cr

IPO Timetable

Neelam Linens IPO opens on Nov 08, 2024, while Premium Plast IPO opens on Oct 21, 2024. The closing date of Neelam Linens IPO and Premium Plast IPO is Nov 12, 2024, and Oct 23, 2024, respectively.

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

Financials & KPIs

Neelam Linens IPO P/E ratio is 14.44, as compared to Premium Plast IPO P/E ratio of 14.11.

 Neelam Linens IPOPremium Plast IPO
Financials

Company Financials (Restated Consolidated)

Period Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets120.50121.1799.6878.6064.68
Total Income21.95104.74105.41103.8080.18
Profit After Tax0.802.462.382.990.42
NET Worth24.2923.4821.0214.6811.70
Reserves and Surplus9.498.6813.6214.4811.50
Total Borrowing75.6669.6565.3451.1052.59
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 2022
Assets40.0638.0929.0525.17
Total Income12.1346.7144.0531.05
Profit After Tax1.414.781.590.78
NET Worth22.1716.5311.7510.16
Reserves and Surplus8.4211.766.995.40
Total Borrowing5.078.315.055.12
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)74.1895.45
Promoter Shareholding (Post-Issue)54.2968.73
P/E Ratio14.4414.11
Market Cap₹48.52 Cr.₹93.58 Cr.
ROE2.996.37
ROCE3.847.88
Debt/Equity3.12
EPS₹1.66₹3.47
RoNW3.316.37

Shares Offered

In the Neelam Linens IPO Retail Individual Investors (RII) are offered 18,00,000 shares while in Premium Plast IPO retail investors are offered 18,00,000 shares. Qualified Institutional Buyers (QIB) are offered 10,32,000 shares in Neelam Linens IPO and 5,10,000 shares in Premium Plast IPO.

 Neelam Linens IPOPremium Plast IPO
Anchor Investor Reservation15,36,000 shares
Market Maker Reservation2,76,000 shares2,70,000 shares
QIB10,32,000 shares5,10,000 shares
NII7,74,000 shares22,83,000 shares
RII18,00,000 shares22,83,000 shares
Employee
Others
Total51,42,000 shares50,76,000 shares

Bids Received (Subscription)

Neelam Linens IPO subscribed 64.49x in total, whereas Premium Plast IPO subscribed 38.87x.

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