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Neelam Linens and Garments (India) Ltd

Textiles

Offer Period :

8th to 12th Nov 2024

Neelam Linens and Garments (India) Ltd IPO Details

IPO Date 8th to 12th Nov 2024 Minimum Investment ₹144000 / 1 Lots
Listing Date 2024-11-18 Maximum Investment ₹144000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹13 Crores
Price ₹24 to ₹24 per share Fresh Issue ₹13 Crores
Lot Size 1 Lots (6000 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 8th to 12th Nov 2024
Listing Date 2024-11-18
Face Value ₹10 per share
Price ₹24 to ₹24 per share
Lot Size 1 Lots (6000 Shares)
Listing At NSE-SME
Employee Discount ₹0 per share
Minimum Investment ₹144000 / 1 Lots
Maximum Investment ₹144000 / 1 Lots
Total Issue Size ₹13 Crores
Fresh Issue ₹13 Crores
Offer For Sale
Retail Discount ₹ 0

About Neelam Linens and Garments (India) Ltd IPO
 

Incorporated in September 2010, Neelam Linens and Garments (India) Ltd specializes in soft home furnishings, including bedsheets, pillow covers, duvet covers, towels, rugs, door mats, shirts, and other garments. Primarily serving discounted retail outlets, the company operates through two segments: processing and trading of home textile products, and sale of licenses. Neelam Linens has two manufacturing units in Bhiwandi, Thane, Maharashtra, where it produces 4,000 sets daily, with a capacity to scale up to 6,000 sets per day. The company caters to both domestic and international markets. In India, it supplies to well-known outlets like Vijay Sales, Amazon, Meesho, and Amersons stores, while its international clientele includes stores like Tuesday Morning, TJX, Pem America, Ocean State Job Lot, LinCraft Australia, Big Lots, 99 Cents, and U.S. Polo Assn. Neelam Linens’ strengths lie in direct customer sales through its retail stores, a focus on operational efficiency to boost financial performance, and an expanded product range tailored to customer needs. As of May 15, 2024, Neelam Linens employs 58 people, with eight on payroll and 50 engaged on a daily wage basis as required.

Timeline

Important dates for allocation and IPO listing.

8th Nov

IPO Starts

12th Nov

IPO Ends

13th Nov

Allotment Date

13th Nov

Initiation of Refund

14th Nov

Credit of Shares to Demat Account

18th Nov

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 74.18 54.29
Public Group 25.82 45.71

Neelam Linens and Garments (India) Ltd IPO Reservation

QIB Shares Offered 1032000(19.05%)
NII (HNI) Shares Offered 774000(14.29%)
Retail Shares Offered 1800000(33.22%)
Anchor Investor Shares Offered 1536000(28.35%)
Total Shares Offered 5418000
Total Shares With Anchor Investor 5418000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Neelam Linens and Garments (India) Ltd IPO Registrar

Purva Sharegistry (I) Pvt Ltd
Phone Number +91 22 4961 4132 / 3522 0056;
Email Id support@purvashare.com
Our Website www.purvashare.com

Neelam Linens and Garments (India) Ltd IPO Lead Manager

1. Expert Global Consultants Pvt Ltd

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Neelam Linens and Garments (India) Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
QIB 10,32,000 10,44,000 1.0
Non Institutional Investors 10,50,000 44,46,000 206.0
Retail Individual Investors (RIIs) 18,00,000 3,06,12,000 5,102.0
Total 38,82,000 3,61,02,000 5,309.0

Strength of Neelam Linens and Garments (India) Ltd

1. Purchase of higher quality thread count fabric at lower price.

2. Experienced promoters and dedicated employee base.

3. Infrastructure and Integrated capabilities to deliver quality Products.

Risks Involved

1. Its business predominantly focuses on bedsheets, which makes the company particularly susceptible to fluctuations in demand. Any shifts in consumer preferences have the potential to significantly impact its business, as well as influence its operational outcomes and financial standing.

2. A majority of its supplies for the company operations are obtained from a limited number of suppliers.

3. The company is dependent on a few customers for a major part of its revenues. Further the company does not enter into long-term arrangements with its customers could adversely affect its business and results of operations.

4. The majority of the business of sale of licenses of our company occurs from the trading activity.

5. The Company and the promoters does not have enough documentary evidence for the Capital Built-up of the Company.

6. A significant portion of its sales are derived from India and any adverse developments in this market could adversely affect its business.

7. The company has only one production unit that is located in Bhiwandi and any localized social unrest, natural disaster or breakdown of services or any other natural disaster in and around Ahmednagar or any disruption in production at, or shutdown of, its production unit could have material adverse effect on the company's business and financial condition.

8. Its success depends on third party logistics and transportation infrastructure. Disruption of logistics and transportation services could impair the ability of its suppliers to deliver raw materials or the company's ability to deliver products to its customers and/ or increase the company transportation costs, which may adversely affect its operations.

9. If the company is unable to maintain an optimal level of inventory, its business, results of operations and financial condition may be adversely affected.

10. Its business is exposed to foreign exchange rate related fluctuations.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Neelam Linens and Garments (India) Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-11-18 93220 NEELAM
INE0N1401016
₹24 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹24 ₹24
Open ₹0 ₹40.05
Low ₹0 ₹38.05
High ₹0 ₹40.05
Low ₹0 ₹38.05

Frequently Asked Questions

What is Neelam Linens and Garments (India) Ltd IPO?

Answer Field

Neelam Linens and Garments (India) Ltd IPO is a SME IPO of 54,18,000 equity shares of a face value of ₹10 aggregating up to ₹13 Crores. The issue is priced at ₹24 to ₹24 per share. The minimum order quantity is 6000 Shares. The IPO opens on November 08, 2024, and closes on November 12, 2024. Purva Sharegistry (I) Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Neelam Linens and Garments (India) Ltd IPO will open?

Answer Field

The Neelam Linens and Garments (India) Ltd IPO opens on November 08, 2024 and closes on November 12, 2024.

What is the lot size of Neelam Linens and Garments (India) Ltd?

Answer Field

Neelam Linens and Garments (India) Ltd lot size is 6000 shares, and the minimum amount required is ₹1,44,000.

How to apply for Neelam Linens and Garments (India) Ltd IPO?

Answer Field

You can apply in Neelam Linens and Garments (India) Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Neelam Linens and Garments (India) Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Neelam Linens and Garments (India) Ltd IPO will be done on November 13, 2024, and the allotted shares will be credited to your demat account by November 14, 2024.

When is Neelam Linens and Garments (India) Ltd IPO listing date?

Answer Field

The Neelam Linens and Garments (India) Ltd listing date is November 18, 2024.

Who is the registrar of Neelam Linens and Garments (India) Ltd IPO?

Answer Field

The registrar of Neelam Linens and Garments (India) Ltd IPO is Purva Sharegistry (I) Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Expert Global Consultants Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Neelam Linens and Garments (India) Ltd IPO?

Answer Field

The fresh issue size is ₹13 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Neelam Linens and Garments (India) Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 6000 shares and ₹1,44,000 amount.

How can I approve the UPI mandate request for Neelam Linens and Garments (India) Ltd IPO?

Answer Field

To apply for Neelam Linens and Garments (India) Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Neelam Linens and Garments (India) Ltd?

Answer Field

The price of each Neelam Linens and Garments (India) Ltd share will be ranging in between ₹24 to ₹24 per share.

What is the cut-off time for the UPI mandate for Neelam Linens and Garments (India) Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, November 12, 2024.

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