Neelam Linens and Garments IPO Details
| IPO Open Date: | November 8, 2024 |
| IPO Close Date: | November 12, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹20 to ₹24 Per Share |
| Issue Size: | Approx ₹13 Crores, 5,418,000 Equity Shares |
| Fresh Issue: | Approx ₹13 Crores, 5,418,000 Equity Shares |
| Offer for Sale: | – |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Neelam Linens and Garments IPO Market Lot
The Neelam Linens and Garments IPO minimum market lot is 6000 shares with ₹144,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 6000 | ₹144,000 |
| Retail Maximum | 1 | 6000 | ₹144,000 |
| HNI Minimum | 2 | 12000 | ₹288,000 |
Neelam Linens and Garments IPO Dates
The Neelam Linens and Garments IPO date is November 8 and the close date is November 12. The Neelam Linens and Garments IPO allotment will be finalized on November 13 and the IPO listing on November 18.
| IPO Open Date: | November 8, 2024 |
| IPO Close Date: | November 12, 2024 |
| Basis of Allotment: | November 13, 2024 |
| Refunds: | November 14, 2024 |
| Credit to Demat Account: | November 14, 2024 |
| IPO Listing Date: | November 18, 2024 |
Promoters of Neelam Linens and Garments
The promoters of the company are Kantilal Jethva and Bhavin Jethwa.
About Neelam Linens and Garments
To Be Updated Soon
Neelam Linens and Garments Company Financial Report
The company reported revenue of ₹102.11 crores in 2023 against ₹103.80 crore in 2022. The company reported profit of ₹2.38 crores in 2023 against profit of ₹2.99 crores in 2022.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2021 | ₹80.18 | ₹79.90 | ₹0.42 | ₹64.68 |
| 2022 | ₹103.80 | ₹99.90 | ₹2.99 | ₹78.60 |
| 2023 | ₹105.41 | ₹102.11 | ₹2.38 | ₹99.68 |
| Dec 2023 | ₹60.78 | ₹59.55 | ₹1.03 | ₹113.48 |
Neelam Linens and Garments IPO Valuation – FY2023
Check Neelam Linens and Garments IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 13.32% |
| ROCE: | 13.64% |
| EBITDA Margin: | 6.30% |
| PAT Margin: | 2.30% |
| Debt to equity ratio: | 3.11 |
| Earning Per Share (EPS): | ₹1.65 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 11.32% |
| Net Asset Value (NAV): | ₹28.41 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Loyal Textile Mills Limited | 5.91 | 111.24 | 0.78 | 748 | 1,40,2.89 Cr. |
| Bannari Amman Spinning Mills Limited | (3.49) | NA | (8.42) | 72.07 | 1,39,8.57 Cr. |
Objects of the Issue
- Funding capital expenditure requirement of our 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 Review
- Canara Bank –
- DRChoksey FinServ –
- Emkay Global –
- Hem Securities –
- IDBI Capital –
- Marwadi Shares –
- Nirmal Bang –
- SBICAP Securities –
- Sharekhan –
- SMC Global –
- Sushil Finance –
- Swastika Investmart –
- Ventura Securities –
- Geojit –
- Reliance Securities –
- Capital Market –
- BP Wealth –
- ICICIdirect –
- Choice Broking –
Neelam Linens and Garments IPO Registrar
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: [email protected]
Website: https://www.purvashare.com/investor-service/ipo-query
IPO Lead Managers aka Merchant Bankers
- Expert Global Consultants Private Limited
Company Address
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: [email protected]
Website: http://neelamgarments.com/
Neelam Linens and Garments IPO FAQs
What is Neelam Linens and Garments IPO?
When Neelam Linens and Garments IPO will open for subscription?
What is Neelam Linens and Garments IPO Investors Portion?
How to Apply the Neelam Linens and Garments IPO?
What is Neelam Linens and Garments Issue Size?
What is Neelam Linens and Garments IPO Price Band?
What is Neelam Linens and Garments IPO Lot Size?
What is the Neelam Linens and Garments IPO Allotment Date?
What is the Neelam Linens and Garments IPO Listing Date?
Note: The Neelam Linens and Garments IPO price band and date are officially announced. The (Neelam Linens and Garments IPO grey market premium) will be added to the IPO GMP page as it will start).
