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Neelam Linens and Garments IPO vs Usha Financial Services IPO

Comparision between Neelam Linens and Garments IPO and Usha Financial Services IPO.

IPO Details

Neelam Linens and Garments IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Usha Financial Services IPO is a SME Book Built Issue proposed to list at NSE SME.

  Neelam Linens and Garments IPO Usha Financial Services IPO
Logo Neelam Linens and Garments IPO Logo Usha Financial Services 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 Narnolia Financial Services Ltd

Unistone Capital Pvt Ltd
Registrar Purva Sharegistry India Pvt Ltd Skyline Financial Services Private Ltd
Market Maker Globalworth Securities Limited Ss Corporate 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 Neelam Linens and Garments IPO is up to ₹13.00 Cr whereas the issue size of the Usha Financial Services IPO is up to ₹98.45 Cr. The final issue price of Neelam Linens and Garments IPO is ₹24.00 per share and of Usha Financial Services IPO is ₹168.00 per share.

  Neelam Linens and Garments IPO Usha Financial Services IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹20.00 per share ₹160.00 per share
Issue Price (Upper) ₹24.00 per share ₹168.00 per share
Issue Price (Final) ₹24.00 per share ₹168.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 6000 shares 800 shares
Fresh Issue Size 54,18,000 shares 58,60,000 shares
Fresh Issue Size (Amount) up to ₹13.00 Cr up to ₹98.45 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 54,18,000 shares 58,60,000 shares
Issue Size Total (Amount) up to ₹13.00 Cr up to ₹98.45 Cr

IPO Timetable

Neelam Linens and Garments IPO opens on Nov 08, 2024, while Usha Financial Services IPO opens on Oct 24, 2024. The closing date of Neelam Linens and Garments IPO and Usha Financial Services IPO is Nov 12, 2024, and Oct 28, 2024, respectively.

  Neelam Linens and Garments IPO Usha Financial Services IPO
Anchor Bid Date Nov 07, 2024 Oct 23, 2024
Issue Open Nov 08, 2024 Oct 24, 2024
Issue Close Nov 12, 2024 Oct 28, 2024
Basis Of Allotment (Tentative) Nov 13, 2024 Oct 29, 2024
Initiation of Refunds (Tentative) Nov 14, 2024 Oct 30, 2024
Credit of Share (Tentative) Nov 14, 2024 Oct 30, 2024
Listing date (Tentative) Nov 18, 2024 Oct 31, 2024
Anchor Lockin End date 1 Dec 13, 2024 Nov 28, 2024
Anchor Lockin End date 2 Feb 11, 2025 Jan 27, 2025

Financials

Neelam Linens and Garments IPO P/E ratio is 14.44, as compared to Usha Financial Services IPO P/E ratio of 19.83.

  Neelam Linens and Garments IPO Usha Financial 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

Usha Financial Services Limited Financial Information (Restated)

Usha Financial Services Limited's revenue increased by 38% and profit after tax (PAT) rose by 32% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets35,133.6633,585.8137,222.6416,428.07
Revenue2,681.266,396.054,618.732,531.36
Profit After Tax504.161,344.951,016.55414.42
Net Worth11,106.7910,602.638,207.384,767.58
Reserves and Surplus9,519.039,014.877,265.574,109.41
Total Borrowing18,861.9418,128.2224,751.419,723.22
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 74.18% 98.91%
Promoter Shareholding (Post-Issue) 54.29% 72.24%
P/E Ratio 14.44 19.83
Market Cap ₹48.52 Cr. ₹365.19 Cr.
ROE 2.99%% 9.29%%
ROCE 3.84%% 12.02%%
Debt/Equity 3.12 1.7
EPS ₹1.66 ₹8.47
RoNW 3.31%% 9.29%%

Shares Offered

In the Neelam Linens and Garments IPO retail investors (RII) are offered 18,00,000 shares while in Usha Financial 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 11,08,000 shares in Usha Financial Services IPO.

  Neelam Linens and Garments IPO Usha Financial Services IPO
Anchor Investor Reserveration 15,36,000 shares 16,60,800 shares
Market Maker Reserveration 2,76,000 shares 3,20,800 shares
QIB 10,32,000 shares 11,08,000 shares
NII 7,74,000 shares 8,31,200 shares
RII 18,00,000 shares 19,39,200 shares
Employee 0 shares 0 shares
Others
Total 36,06,000 shares 38,78,400 shares

Bids Received (Subscription)

Neelam Linens and Garments IPO subscribed 91.97x in total, whereas Usha Financial Services IPO subscribed 19.37x.

  Neelam Linens and Garments IPO Usha Financial Services IPO
QIB (times) 15.40x 10.04x
NII (times) 273.47x 28.55x
Big NII (times)
Small NII (times)
RII (times) 57.82x 20.76x
Employee (times)
Other (times)
Total (times) 91.97x 19.37x

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