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 – Details
| IPO Opening Date | 08 November 2024 |
| IPO Closing Date | 12 November 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total 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 Lot | 6000 Shares |
| Min Order | 6000 Shares |
| Listing At | NSE SME |
| Register | Purva Sharegistry India Pvt Ltd |
| QIB Shares Offered | 50% |
| Retail Shares Offered | 35% |
| NII (HNI) Shares Offered | 15% |
Neelam Linens and Garments IPO – Date Schedule
| IPO Open Date | 08 November 2024 |
| IPO Close Date | 12 November 2024 |
| Basis of Allotment | 13 November 2024 |
| Initiation of Refund | 14 November 2024 |
| Credit of Shares to Demat Account | 14 November 2024 |
| IPO Listing Date | 18 November 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 12, 2024 |
Neelam Linens and Garments IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹1,44,000 |
| Retail (Max) | 1 | 6,000 | ₹1,44,000 |
| HNI (Min) | 2 | 12,000 | ₹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
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 80.17 | 79.89 | 0.41 | 52.59 |
| 31 March 2022 | 103.79 | 99.90 | 2.98 | 51.10 |
| 31 March 2023 | 105.41 | 102.11 | 2.37 | 65.34 |
| 31 March 2024 | 104.74 | 101.58 | 2.46 | 69.64 |
| 30 June 2024 | 21.95 | 20.74 | 0.80 | 75.66 |
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 |
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 Promoter Holding
| Pre Issue Share Holding | 74.18% |
| Post Issue Share Holding | 54.29% |
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 Website: http://neelamgarments.com/ |
Neelam Linens and Garments IPO Registrar
| Purva 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 Lead Manager(s)
| 1. Expert Global Consultants Private Limited |
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. |
