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05 November 2024

Neelam Linens and Garments (India) Limited IPO, GMP, Details, Price, And Review

Neelam Linens and Garments (India) Ltd, incorporated in September 2010, is a leading player in the soft home furnishing industry. The company specializes in the processing, finishing and supply of a wide range of products, including bedsheets, pillow covers, duvet covers, towels, rugs, doors, shirts and other garments. Neelam Linens primarily caters to discounted retail outlets.

1. Processing and Trading of Products
2. Sale of Licenses

Neelam Linens operates two manufacturing units located in Bhiwandi, Thane, Maharashtra.

Neelam Linens and Garments IPO Overview:

● Total Issue Size: ₹13.00 crores
○ Fresh Issue: 54.18 lakh shares
● IPO Opening Date: November 8, 2024
● IPO Closing Date: November 12, 2024
● Price Band: ₹20 to ₹24 per share
● Minimum Lot Size: 6,000 shares
● Lead Managers: Expert Global Consultants Private Limited
● Registrar: Purva Sharegistry India Pvt Ltd
● Market Maker: Globalworth Securities

Neelam Linens and Garments (India) Limited IPO And GMP

WHAT IS GMP?

GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.

A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.

Neelam Linens and Garments (India) Limited IPO GMP

GMP Date	IPO Price	GMP	Last Updated
	24	-

**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**

Neelam Linens and Garments IPO Overview

Detail	Description
IPO Date	November 8, 2024 to November 12, 2024
Listing Date	[.]
Face Value	₹10 per share
Price Band	₹20 to ₹24 per share
Lot Size	6000 Shares
Total Issue Size	5,418,000 shares (aggregating up to ₹13.00 Cr)
Fresh Issue	5,418,000 shares (aggregating up to ₹13.00 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Shareholding pre issue	14,800,000
Shareholding post issue	20,218,000
Market Maker portion	276,000 shares Globalworth Securities

Neelam Linens and Garments IPO Timeline (Tentative Schedule)

Detail	Description
IPO Open Date	Friday, November 8, 2024
IPO Close Date	Tuesday, November 12, 2024
Basis of Allotment	Wednesday, November 13, 2024
Initiation of Refunds	Thursday, November 14, 2024
Credit of Shares to Demat	Thursday, November 14, 2024
Listing Date	Monday, November 18, 2024
Cut-off time for UPI mandate confirmation	5 PM on November 12, 2024

Neelam Linens and Garments IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	6000	₹144,000
Retail (Max)	1	6000	₹144,000
HNI (Min)	2	12,000	₹288,000

Neelam Linens and Garments IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50.00% of the Net Issue
Retail Shares Offered	Not less than 35.00% of the Net Issue
NII (HNI) Shares Offered	Not less than 15.00% of the Net Issue

Neelam Linens and Garments IPO Promoter Holding

Share Holding Pre Issue	74.18%
Share Holding Post Issue	54.29%

Competitive Strength:

1. Selling directly to customers through its own retail stores.
2. Enhance financial performance by concentrating on operational and functional efficiencies.
3. Enhanced product portfolio to meet customer needs.
4. Improving & maintaining functional efficiencies

Neelam Linens and Garments (India) Limited Financial Information

Period Ended	30 June 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	12,050.23	12,116.76	9,967.97	7,860.13	6,467.92
Revenue	2,195.39	10,474.42	10,541.13	10,379.69	8,017.82
Profit After Tax	80.46	246.05	237.88	298.58	41.53
Net Worth	2,428.80	2,348.34	2,102.30	1,468.42	1,169.84
Reserves and Surplus	948.80	868.34	1,362.30	1,448.42	1,149.84
Total Borrowing	7,566.04	6,964.94	6,534.02	5,110.22	5,259.22
Amount in ₹ Lakhs

Key Performance Indicator

KPI	Values
ROE	2.99%
ROCE	3.84%
Debt/Equity	3.12
RoNW	3.31%
P/BV	1.46
PAT Margin (%)	3.69

	Pre IPO	Post IPO
EPS (Rs)	1.66	1.59
P/E (x)	14.44	15.08

Objectives of Neelam Linens and Garments IPO

The company intends to utilize the proceeds of the issue to meet the following objectives:

1. Funding capital expenditure requirement of our Company towards the purchase of Embroidery Machines for expansion.

2. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company.

3. General corporate purposes.

FAQs for Neelam Linens and Garments IPO

What is Neelam Linens and Garments IPO?

Neelam Linens and Garments IPO is a NSE SME IPO. The company is going to raise ₹13 Crores via IPO. The issue is priced at ₹20 to ₹24 per equity share. The IPO is to be listed on NSE.
When will the Neelam Linens and Garments IPO open for subscription?

The IPO is to open on November 8, 2024 for QIB, NII, and Retail Investors. The IPO will close on November 12, 2024.
What is Neelam Linens and Garments IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
What is Neelam Linens and Garments Issue Size?

Neelam Linens and Garments issue size is ₹13 crores.
What is Neelam Linens and Garments IPO Price Band?

Neelam Linens and Garments IPO Price Band is ₹20 to ₹24.
What is Neelam Linens and Garments IPO Lot Size?

The minimum bid is 6000 Shares with ₹144,000 amount.
What is the Neelam Linens and Garments IPO Allotment Date?

Neelam Linens and Garments IPO allotment date is November 13, 2024.
What is the Neelam Linens and Garments IPO Listing Date?

Neelam Linens and Garments IPO listing date is November 18, 2024. The IPO is to list on NSE.
What is Neelam Linens and Garments current GMP?

The current GMP of the Neelam Linens and Garments is ---.