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		R.K.Stock Holding Private 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 OBSC Perfection IPO is up to ₹66.02 Cr. The final issue price of Neelam Linens and Garments IPO is 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)		₹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 14.93, 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)

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	11,348.44	9,967.97	7,860.13	6,467.92
Revenue	6,078.18	10,541.13	10,379.69	8,017.82
Profit After Tax	102.99	237.88	298.58	41.53
Net Worth	2,205.28	2,102.3	1,468.42	1,169.84
Reserves and Surplus	725.28	1,362.3	1,448.42	1,149.84
Total Borrowing	6,739.19	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)

P/E Ratio

14.93

14.62

Market Cap

₹48.52 Cr.

₹244.52 Cr.

ROE

40.61%%

ROCE

31.49%%

Debt/Equity

1.38

EPS

₹1.61

₹6.84

RoNW

40.61%%

Shares Offered

In the Neelam Linens and Garments IPO retail investors (RII) are offered while in OBSC Perfection IPO retail investors are offered . Qualified institutional buyers (QIB) are offered 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		18,79,200 shares
Market Maker Reserveration	2,76,000 shares	3,33,600 shares
QIB		12,55,200 shares
NII		9,40,320 shares
RII		21,94,080 shares
Employee		0 shares
Others
Total		43,89,600 shares

Bids Received (Subscription)

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

	Neelam Linens and Garments IPO	OBSC Perfection IPO
QIB (times)		10.20x
NII (times)		25.87x
Big NII (times)
Small NII (times)
RII (times)		16.20x
Employee (times)
Other (times)
Total (times)		16.56x

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