Neelam Linens and Garments (India) Ltd IPO (Neelam Linens and Garments IPO)

Neelam Linens and Garments Limited IPO
Upcoming Neelam Linens and Garments IPO | New Neelam Linens and Garments IPO

Neelam Linens and Garments (India) Ltd is a soft home furnishing company. It processes, finishes, and supplies bedsheets, pillow covers, duvet covers, towels, rugs, doors, shirts, and garments. The company mainly serves discounted retail outlets.

The company’s business can be divided into two parts:

  • Processing and trading of products
  • Sale of licenses

The company has two manufacturing units situated in Bhiwandi, Thane, Maharashtra.

The company sells its products to domestic and international customers. Its domestic customers include Vijay Sales, Amazon, Meesho, and Amersons stores. Its international clients include stores like Tuesday Morning, TJX, Pem America, Ocean State Job Lot, LinCraft Australia, Big Lots, 99 Cents, and U.S. Polo Assn.

The company currently manufactures 4000 sets per day and its capacity to manufacture is 6000 sets per day.

As of May 15, 2024, the company employs 58 people. Eight of them are on payroll, while 50 work for daily wages as needed.

Neelam Linens and Garments IPO

Neelam Linens and Garments IPO – Details

IPO Opening Date08 November 2024
IPO Closing Date12 November 2024
Issue TypeBook Built Issue IPO
Issue SizeTotal Issue Size: 54,18,000 Shares Worth ₹13.00 Crore
Fresh Issue: 54,18,000 Shares Worth ₹13.00 Crore
Face Value₹10 per equity share
IPO Price₹20 – ₹24
Market Lot6000 Shares
Min Order6000 Shares
Listing AtNSE SME
RegisterPurva Sharegistry India Pvt Ltd
QIB Shares Offered50%
Retail Shares Offered35%
NII (HNI) Shares Offered15%

Neelam Linens and Garments IPO – Date Schedule

IPO Open Date08 November 2024
IPO Close Date12 November 2024
Basis of Allotment13 November 2024
Initiation of Refund14 November 2024
Credit of Shares to Demat Account14 November 2024
IPO Listing Date18 November 2024
Cut-off time for UPI mandate confirmation5 PM on November 12, 2024

Neelam Linens and Garments IPO – Lots Size & Price

ApplicationLotsSharesAmount
Retail (Min)16,000₹1,44,000
Retail (Max)16,000₹1,44,000
HNI (Min)212,000₹2,88,000

Competitive Strengths

  • Purchase of higher quality thread count fabric at lower price.
  • Experienced promoters and dedicated employee base.
  • Infrastructure and Integrated capabilities to deliver quality Products.

Company Promoters

  • Kantilal Jethva
  • Bhavin Jethwa

Company Financials

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 202180.1779.890.4152.59
31 March 2022103.7999.902.9851.10
31 March 2023105.41102.112.3765.34
31 March 2024104.74101.582.4669.64
30 June 202421.9520.740.8075.66
Amount in ₹ Crore

Key Performance Indicator

KPIValues
ROE2.99%
ROCE3.84%
Debt/Equity3.12
RoNW3.31%
P/BV1.46
PAT Margin (%)3.69
Pre IPOPost IPO
EPS (Rs)1.661.59
P/E (x)14.4415.08

Object Of The Issue

  • Funding capital expenditure requirement of the 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;
Neelam Linens and Garments IPO
Object of the Issues

Neelam Linens and Garments IPO Promoter Holding

Pre Issue Share Holding74.18%
Post Issue Share Holding54.29%

Neelam Linens and Garments IPO Prospectus

Company Contact Information

Neelam Linens and Garments (India) Ltd

446-447, 4th Floor,
Shah & Nahar Industrial Estate Sitaram Jadav Marg
Lower Parel, Delisle Road, Mumbai- 400013

Phone: +91 2224942454
Email: compliance@neelamgarments.com
Websitehttp://neelamgarments.com/

Neelam Linens and Garments IPO Registrar

Purva Sharegistry India Pvt Ltd

Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Websitehttps://www.purvashare.com/investor-service/ipo-query

Neelam Linens and Garments IPO Lead Manager(s)

1. Expert Global Consultants Private Limited

Neelam Linens and Garments IPO FAQs

Neelam Linens and Garments IPO FAQs
What is Neelam Linens and Garments IPO?

Neelam Linens and Garments IPO is an SME IPO. The issue is priced at ₹20 and ₹24 per equity share. The IPO is to be listed on NSE SME.
When Neelam Linens and Garments IPO will open?

The IPO is to open on 08 November 2024 for QIB, NII, and Retail Investors.
What is Neelam Linens and Garments IPO Investors Portion?

The investors’ portion for QIB- 50%Retail – 35%NII – 15%.
How to Apply the Neelam Linens and Garments IPO?

You can apply Neelam Linens and Garments IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply the Neelam Linens and Garments IPO through Angle One?

Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Neelam Linens and Garments IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One.
How to Apply the Neelam Linens and Garments IPO through 5 Paisa?

Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Neelam Linens and Garments IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa.
How to Apply the Neelam Linens and Garments IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Neelam Linens and Garments IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.
How to Apply the Neelam Linens and Garments IPO through IIFL?

Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Neelam Linens and Garments IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL.
What is Neelam Linens and Garments IPO Size?

Neelam Linens and Garments IPO size is ₹13.00 Crore.
What is Neelam Linens and Garments IPO Price Band?

Neelam Linens and Garments IPO Price Band is ₹20 – ₹24.
What is Neelam Linens and Garments IPO Minimum and Maximum Lot Size for Retail?

The minimum bid is 6000 Shares with ₹1,44,000 amount while the maximum bid is6000 Shares with ₹1,44,000.
What is the Neelam Linens and Garments IPO Allotment Date?

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

Neelam Linens and Garments IPO listing date is  18 November 2024. The IPO is to be listed on NSE SME.
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