November 8, 2024 - November 12, 2024

Neelam Linens and Garments IPO Review & Recommendations

Dilip Davda recommend to "Avoid" the IPO.

Neelam Linens and Garments IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	0	0	0	1	0
%	0.00	0.00	0.00	100.00	0.00

Neelam Linens and Garments IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Avoid

Neelam Linens and Garments IPO Review by Dilip Davda (Avoid)

[Dilip Davda] The company is engaged in a highly competitive and fragmented segment of processing and trading in home furnishings and related services. It is also dealing in sale of import licenses. The company posted static but inconsistent financial performances so far. Its debt equity ratio of 3.12 as of June 30, 2024 raises major concern. Based on FY25 super annualized earnings, the issue appears fully priced. There is no harm in skipping this “High Risk/Low Return” offer. Read detail review...

Neelam Linens and Garments IPO Peer Comparison

Neelam Linens and Garments (India) Ltd peer comparison with similar listed entities. (As on March 28, 2024)

Company Name	EPS (Basic)	EPS (Diluted)	NAV (per share) (Rs)	RoNW (%)	P/BV Ratio	Financial statements
Neelam Linens and Garments (India) Ltd	1.66	1.66	15.87	10.48	1.51
Loyal Textile Mills Ltd.	-89.17	-89.17	603.31	-14.78	0.85	Standalone
Bannari Amman Spinning Mills Ltd.	-3.18	-3.18	58.55	-6.91	37.79	Standalone

Source: All the financial information for listed industry peers mentioned above is on a standalone basis sourced from the Annual Reports of the peer company uploaded on the NSE website for the year ended March 31, 2024.

Notes:

The P/E Ratio has been computed based on the closing market price of equity shares on the NSE on October 22, 2024 divided by the Diluted EPS of March 31, 2024.
RoNW is computed as net profit after tax divided by the closing net worth, computed as the sum of share capital, reserves, and surplus.
NAV is computed as the closing net worth divided by the weighted average number of equity shares.

Neelam Linens and Garments IPO Review by Members

Neelam Linens and Garments IPO Reviews, analysis and views by popular members. Read Neelam Linens and Garments (India) Ltd IPO reviews by retail investors to find recommended ipo to buy.

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Neelam Linens and Garments IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	0	0	0	2
%	0.00	0.00	0.00	100.00

Member	Review
chIPOrgarh (300+ Posts)	Avoid expensive. \| November 7, 2024 7:15:29 PM
Shreyash Agrawal	Avoid Not filed ROC returns of Mar24 till 11th november 2024, seems non compliant. Borrowings are very high. \| November 11, 2024 8:19:36 PM

Member

Review

chIPOrgarh (300+ Posts)

Avoid

expensive.

November 7, 2024 7:15:29 PM

Shreyash Agrawal

Avoid

Not filed ROC returns of Mar24 till 11th november 2024, seems non compliant. Borrowings are very high.

November 11, 2024 8:19:36 PM

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