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Neelam Linens and Garments IPO vs Nisus Finance Services IPO

Comparision between Neelam Linens and Garments IPO and Nisus Finance Services IPO.

IPO Details

Neelam Linens and Garments IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Nisus Finance Services IPO is a SME Book Built Issue proposed to list at BSE SME.

  Neelam Linens and Garments IPO Nisus Finance Services IPO
Logo Neelam Linens and Garments IPO Logo Nisus Finance Services IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Book Built Issue
Listing At NSE SME BSE SME
Lead Managers Expert Global Consultants Private Limited Beeline Capital Advisors Pvt Ltd
Registrar Purva Sharegistry India Pvt Ltd Skyline Financial Services Private Ltd
Market Maker Globalworth Securities Limited
DRHP DRHP DRHP
RHP RHP
Anchor Investor Anchor Investor
IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Neelam Linens and Garments IPO is up to ₹13.00 Cr whereas the issue size of the Nisus Finance Services IPO is . The final issue price of Neelam Linens and Garments IPO is ₹24.00 per share and of Nisus Finance Services IPO is .

  Neelam Linens and Garments IPO Nisus Finance Services IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹20.00 per share
Issue Price (Upper) ₹24.00 per share
Issue Price (Final) ₹24.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 6000 shares
Fresh Issue Size 54,18,000 shares 57,80,000 shares
Fresh Issue Size (Amount) up to ₹13.00 Cr
OFS Issue Size 7,20,000 shares
OFS Issue Size (Amount)
Issue Size Total 54,18,000 shares 65,00,000 shares
Issue Size Total (Amount) up to ₹13.00 Cr

IPO Timetable

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

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

Financials

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

  Neelam Linens and Garments IPO Nisus Finance Services IPO
Financial

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
Revenue2,195.3910,474.4210,541.1310,379.698,017.82
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

Nisus Finance Services Co Limited Financial Information (Restated Consolidated)

Period Ended31 Jan 202431 Mar 202331 Mar 202231 Mar 2021
Assets4,984.563,104.632,076.061,499.05
Revenue3,090.731,153.83749.51557.49
Profit After Tax1,687.96299.83129.9970.32
Net Worth2,615.58937.36637.53507.54
Reserves and Surplus2,512.73830.11530.28400.29
Total Borrowing751.51,813.51,041.56790.19
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 74.18% 99.99%
Promoter Shareholding (Post-Issue) 54.29%
P/E Ratio 14.44
Market Cap ₹48.52 Cr.
ROE 2.99%%
ROCE 3.84%%
Debt/Equity 3.12
EPS ₹1.66
RoNW 3.31%%

Shares Offered

In the Neelam Linens and Garments IPO retail investors (RII) are offered 18,00,000 shares while in Nisus Finance Services IPO retail investors are offered 18,00,000 shares. Qualified institutional buyers (QIB) are offered 10,32,000 shares in Neelam Linens and Garments IPO and in Nisus Finance Services IPO.

  Neelam Linens and Garments IPO Nisus Finance Services IPO
Anchor Investor Reserveration 15,36,000 shares
Market Maker Reserveration 2,76,000 shares
QIB 10,32,000 shares
NII 7,74,000 shares
RII 18,00,000 shares
Employee 0 shares
Others
Total 36,06,000 shares

Bids Received (Subscription)

Neelam Linens and Garments IPO subscribed 91.97x in total, whereas Nisus Finance Services IPO subscribed .

  Neelam Linens and Garments IPO Nisus Finance Services IPO
QIB (times) 15.40x
NII (times) 273.47x
Big NII (times)
Small NII (times)
RII (times) 57.82x
Employee (times)
Other (times)
Total (times) 91.97x

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