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.