Neelam Linens and Garments IPO vs OBSC Perfection IPO

Comparision between Neelam Linens and Garments IPO and OBSC Perfection IPO.

IPO Details

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

	Neelam Linens and Garments IPO	OBSC Perfection 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	Expert Global Consultants Private Limited	Unistone Capital Pvt Ltd
Registrar	Purva Sharegistry India Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Globalworth Securities Limited	R.K.Stock Holding Private 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 Neelam Linens and Garments IPO is up to ₹13.00 Cr whereas the issue size of the OBSC Perfection IPO is up to ₹66.02 Cr. The final issue price of Neelam Linens and Garments IPO is ₹24.00 per share and of OBSC Perfection IPO is ₹100.00 per share.

	Neelam Linens and Garments 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)
Discount (Employee)
Market Lot Size	6000 shares	1200 shares
Fresh Issue Size	54,18,000 shares	66,02,400 shares
Fresh Issue Size (Amount)	up to ₹13.00 Cr	up to ₹66.02 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	54,18,000 shares	66,02,400 shares
Issue Size Total (Amount)	up to ₹13.00 Cr	up to ₹66.02 Cr

IPO Timetable

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

	Neelam Linens and Garments 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

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

Neelam Linens and Garments IPO

OBSC Perfection 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 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

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
Revenue	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 and Garments IPO retail 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 and Garments IPO and 12,55,200 shares in OBSC Perfection IPO.

	Neelam Linens and Garments 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	12,55,200 shares
NII	7,74,000 shares	9,40,320 shares
RII	18,00,000 shares	21,94,080 shares
Employee	0 shares	0 shares
Others
Total	36,06,000 shares	43,89,600 shares

Bids Received (Subscription)

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

	Neelam Linens and Garments 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

Compare with others

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

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