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Neelam Linens and Garments IPO is a book built issue of Rs 13.00 crores. The issue is entirely a fresh issue of 54.18 lakh shares.
Neelam Linens and Garments IPO opens for subscription on November 8, 2024 and closes on November 12, 2024. The allotment for the Neelam Linens and Garments IPO is expected to be finalized on Wednesday, November 13, 2024. Neelam Linens and Garments IPO will list on NSE SME with tentative listing date fixed as Monday, November 18, 2024.
Neelam Linens and Garments IPO price band is set at ₹20 to ₹24 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹144,000. The minimum lot size investment for HNI is 2 lots (12,000 shares) amounting to ₹288,000.
Expert Global Consultants Private Limited is the book running lead manager of the Neelam Linens and Garments IPO, while Purva Sharegistry India Pvt Ltd is the registrar for the issue.
Refer to Neelam Linens and Garments IPO DRHP for detailed information.
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 |
Share holding pre issue | 14,800,000 |
Share holding post issue | 20,218,000 |
Market Maker portion | 276,000 shares |
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 opens on November 8, 2024, and closes on November 12, 2024.
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 |
Investors can bid for a minimum of 6000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 6000 | ₹144,000 |
Retail (Max) | 1 | 6000 | ₹144,000 |
HNI (Min) | 2 | 12,000 | ₹288,000 |
Lot Size Calculator |
The Promoters of the company are Kantilal Jethva and Bhavin Jethwa.
Share Holding Pre Issue | 74.18% |
Share Holding Post Issue |
Incorporated in September 2010, 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
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.
Competitive Strength:
As of May 15, 2024, the company employs 58 people. Eight of them are on payroll, while 50 work for daily wages as needed.
Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | ||||||||||||||||||||||||||||||||||||
Assets | 11,348.44 | 9,967.97 | 7,860.13 | 6,467.92 | ||||||||||||||||||||||||||||||||||||
Revenue | 6,078.18 | 10,541.13 | 10,379.69 | 8,017.82 | ||||||||||||||||||||||||||||||||||||
Profit After Tax | 102.99 | 237.88 | 298.58 | 41.53 | ||||||||||||||||||||||||||||||||||||
Net Worth | 2,205.28 | 2,102.3 | 1,468.42 | 1,169.84 | ||||||||||||||||||||||||||||||||||||
Reserves and Surplus | 725.28 | 1,362.3 | 1,448.42 | 1,149.84 | ||||||||||||||||||||||||||||||||||||
Total Borrowing | 6,739.19 | 6,534.02 | 5,110.22 | 5,259.22 | ||||||||||||||||||||||||||||||||||||
Amount in ₹ Lakhs |
The market capitalization of Neelam Linens and Garments IPO is Rs 48.52 Cr.
KPI as of December 31, 2023.
Pre IPO | Post IPO | |
---|---|---|
EPS (Rs) | 1.61 | 0.68 |
P/E (x) | 14.93 | 35.34 |
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/
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
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Neelam Linens and Garments IPO is a SME IPO of 5,418,000 equity shares of the face value of ₹10 aggregating up to ₹13.00 Crores. The issue is priced at ₹20 to ₹24 per share. The minimum order quantity is 6000 Shares.
The IPO opens on November 8, 2024, and closes on November 12, 2024.
Purva Sharegistry India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Neelam Linens and Garments IPO using UPI as a payment gateway. Zerodha customers can apply in Neelam Linens and Garments IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Neelam Linens and Garments IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Neelam Linens and Garments IPO opens on November 8, 2024 and closes on November 12, 2024.
Neelam Linens and Garments IPO lot size is 6000 Shares, and the minimum amount required is ₹144,000.
You can apply in Neelam Linens and Garments 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. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Neelam Linens and Garments IPO will be done on Wednesday, November 13, 2024, and the allotted shares will be credited to your demat account by Thursday, November 14, 2024. Check the Neelam Linens and Garments IPO allotment status.
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