Neelam Linens and Garments (India) Ltd IPO
NSE SMEListed On: Nov 18, 2024 at ₹ 40.05
₹ 144000 /6000 Shares
Check Allotment08 Nov, 2024
Open Date12 Nov, 2024
Close Date13 Nov, 2024
Allotment Date18 Nov, 2024
Listing DateIssue Price
₹20-24 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Purva Sharegistry India Pvt LtdList Price
40.05Listing Date
2024-11-18Market Lot
6000 Shares (₹144,000/-)Lead Manager
Expert Global Consultants Private LimitedIssue Size
5,418,000 shares(aggregating up to ₹13.00 Cr)Retail Portion
35%Subscription
92.05 times
The IPO of Neelam Linens and Garments is priced at ₹20-24 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on NSE SME. Purva Sharegistry India Pvt Ltd is the registrar of the issue.
Neelam Linens and Garments IPO bid opening date is from Nov 8, 2024 and the bid closing date was Nov 12, 2024.
Neelam Linens and Garments IPO allotment result will be available on Nov 13, 2024. The tentative listing date for Neelam Linens and Garments is Nov 18, 2024.
The total issue size is 5,418,000 shares(aggregating up to ₹13.00 Cr).
Neelam Linens and Garments IPO Subscription Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,032,000 / 774,000 | 1,800,000 | 3,606,000 |
| Day 1 - 08-11-24 06:00 PM | 0.00 / 0.94 x | 5.04 x | 2.72 x |
| Day 2 - 11-11-24 06:00 PM | 1.01 / 4.57 x | 15.28 x | 8.90 x |
| Day 3 - 12-11-24 06:00 PM | 15.40 / 273.82 x | 57.84 x | 92.05 x |
Neelam Linens and Garments Valuations
EPS Pre IPO
₹1.66/-EPS Post IPO
₹1.59/-P/E Pre IPO
14.44P/E Post IPO
15.08ROE
2.99%ROCE
3.84%Debt/Equity
3.12RoNW
3.31%PAT Margin
3.69Price to Book Value
1.46Neelam Linens and Garments Company Financials All values are in ₹ Lakh
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|---|
| Assets | 12,116.76 | 9,967.97 | 7,860.13 | 6,467.92 |
| Revenue | 10,474.42 | 10,541.13 | 10,379.69 | 8,017.82 |
| Profit After Tax | 246.05 | 237.88 | 298.58 | 41.53 |
| Net Worth | 2,348.34 | 2,102.30 | 1,468.42 | N/A |
| Reserves & Surplus | 868.34 | 1,362.30 | 1,448.42 | N/A |
| Total Borrowing | 6,964.94 | 6,534.02 | 5,110.22 | N/A |
About The Company
Neelam Linens and Garments (India) Limited incorporated in 2010 is one of the finest manufacturers and exporter of high-class soft home fashion across the world. The group offers a gamut of items such as bed sheets, pillow covers, duvet covers, towels, rugs, shirts, and other apparel, mainly in discount retail chains.
Neelam Linens and Garments India Limited manufactures high-thread-count bedding and towel products and supplies these to discount retail stores and distributors in the USA and Australia.
The Company also trades in licenses in the license market. Here, the Company purchases licenses from exporters and then sells the same to importers, generating a margin based on the price difference.
The international clients of the company are Tuesday Morning, TJX, Pem America, Occean State Job Lot, LinCraft Australia, Big Lots, 99 Cents, and U. S. Polo Assign. The domestic client of the company includes Vijay Sales, Amazon, Meesho, and Amersons store.
The company has two manufacturing units situated in Mumbai, Maharashtra. On June 30, 2024, the company had an employee base of 56 employees, out of which fixed employees are 8 and 48 are called on a contract basis.
Neelam Linens and Garments - Promoter(s)
Pre Issue Share Holding: 74.18%
Post Issue Share Holding: 54.29%
- Kantilal Jethva
- Bhavin Jethwa
Neelam Linens and Garments IPO - Issue Objectives
- Funding capital expenditure requirement of our Company towards the purchase of Embroidery Machines for expansion
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company
- General corporate purposes;
Other Details
Neelam Linens and Garments
446-447, 4th Floor, Shah & Nahar Industrial Estate Sitaram Jadav Marg, Lower Parel, Delisle Road, Mumbai- 400013Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
Neelam Linens and Garments IPO - FAQs
Ans. Neelam Linens and Garments (India) Ltd IPO is a SME IPO. The issue is priced at ₹20-24 per equity share. The minimum order quantity is 6000 Shares. The IPO opens on Nov 8, 2024, and closes on Nov 12, 2024. Purva Sharegistry India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Neelam Linens and Garments (India) Ltd IPO opens on Nov 8, 2024 and closes on Nov 12, 2024.
Ans. The size of Neelam Linens and Garments (India) Ltd IPO is 5,418,000 shares(aggregating up to ₹13.00 Cr).
Ans. The IPO price band is set between ₹20-24 per equity share.
Ans. To apply for Neelam Linens and Garments (India) Ltd IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Neelam Linens and Garments (India) Ltd IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Neelam Linens and Garments (India) Ltd IPO is Nov 13, 2024.
Ans. The Neelam Linens and Garments (India) Ltd IPO will be listed on Nov 18, 2024.
Ans. Follow the steps to check the allotment status for Neelam Linens and Garments (India) Ltd IPO here.
