Danish Power IPO vs Neelam Linens and Garments IPO

Comparision between Danish Power IPO and Neelam Linens and Garments IPO.

IPO Details

Danish Power IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Neelam Linens and Garments IPO is a SME Book Built Issue proposed to list at NSE SME.

	Danish Power IPO	Neelam Linens and Garments IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Hem Securities Limited	Expert Global Consultants Private Limited
Registrar	Link Intime India Private Ltd	Purva Sharegistry India Pvt Ltd
Market Maker	Hem Finlease Private Limited	Globalworth Securities Limited
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 Danish Power IPO is up to ₹197.90 Cr whereas the issue size of the Neelam Linens and Garments IPO is up to ₹13.00 Cr. The final issue price of Danish Power IPO is ₹380.00 per share and of Neelam Linens and Garments IPO is ₹24.00 per share.

	Danish Power IPO	Neelam Linens and Garments IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹360.00 per share	₹20.00 per share
Issue Price (Upper)	₹380.00 per share	₹24.00 per share
Issue Price (Final)	₹380.00 per share	₹24.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	300 shares	6000 shares
Fresh Issue Size	52,08,000 shares	54,18,000 shares
Fresh Issue Size (Amount)	up to ₹197.90 Cr	up to ₹13.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	52,08,000 shares	54,18,000 shares
Issue Size Total (Amount)	up to ₹197.90 Cr	up to ₹13.00 Cr

IPO Timetable

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

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

Financials

Danish Power IPO P/E ratio is 14.46, as compared to Neelam Linens and Garments IPO P/E ratio of 14.44.

Danish Power IPO

Neelam Linens and Garments IPO

Financial

Danish Power Limited Financial Information (Restated Consolidated)

Period Ended	30 Jun 2024	31 Mar 2024
Assets	20,639.09	15,977.95
Revenue	7,273.29	33,463.84
Profit After Tax	998.21	3,807.27
Net Worth	9,201.38	8,213.16
Reserves and Surplus	7,753.02	8,052.23
Total Borrowing	2,393.07	1,011.6
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 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
Revenue	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

Promoter Shareholding (Pre-Issue)

99.99%

74.18%

Promoter Shareholding (Post-Issue)

73.55%

54.29%

P/E Ratio

14.46

14.44

Market Cap

₹748.28 Cr.

₹48.52 Cr.

ROE

11.94%%

2.99%%

ROCE

12.30%%

3.84%%

Debt/Equity

0.27

3.12

EPS

₹26.29

₹1.66

RoNW

10.85%

3.31%%

Shares Offered

In the Danish Power IPO retail investors (RII) are offered 17,09,400 shares while in Neelam Linens and Garments IPO retail investors are offered 17,09,400 shares. Qualified institutional buyers (QIB) are offered 9,76,500 shares in Danish Power IPO and 10,32,000 shares in Neelam Linens and Garments IPO.

	Danish Power IPO	Neelam Linens and Garments IPO
Anchor Investor Reserveration	14,64,000 shares	15,36,000 shares
Market Maker Reserveration	2,60,700 shares	2,76,000 shares
QIB	9,76,500 shares	10,32,000 shares
NII	7,32,900 shares	7,74,000 shares
RII	17,09,400 shares	18,00,000 shares
Employee	0 shares	0 shares
Others
Total	34,83,300 shares	36,06,000 shares

Bids Received (Subscription)

Danish Power IPO subscribed 126.65x in total, whereas Neelam Linens and Garments IPO subscribed 91.97x.

	Danish Power IPO	Neelam Linens and Garments IPO
QIB (times)	104.79x	15.40x
NII (times)	275.92x	273.47x
Big NII (times)
Small NII (times)
RII (times)	79.88x	57.82x
Employee (times)
Other (times)
Total (times)	126.65x	91.97x

Compare with others

Danish Power IPO	Neelam Linens and Garments IPO
Mangal Compusolution IPO	Lamosaic India IPO
Rosmerta Digital Services IPO	Nisus Finance Services IPO
Neelam Linens and Garments IPO	Onyx Biotec IPO
OBSC Perfection IPO	Mangal Compusolution IPO
United Heat Transfer IPO	Rosmerta Digital Services IPO
Premium Plast IPO	OBSC Perfection IPO
Usha Financial Services IPO	United Heat Transfer IPO
Freshara Agro Exports IPO	Danish Power IPO
Lakshya Powertech IPO	Premium Plast IPO
Pranik Logistics IPO	Usha Financial Services IPO

Comments

Add a public comment...