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 | 6,000 | ₹144,000 |
| Retail Maximum | 1 | 6,000 | ₹144,000 |
| HNI Minimum | 2 | 12,000 | ₹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
Established on September 22, 2010, Neelam Linens and Garments Ltd is a manufacturer and exporter of High-end home soft furnishing company based out of Maharashtra, India. Neelam Linens and Garments India Limited is proud to be the first Indian company to introduce high-thread-count bedding. They serve customers all over India and globally including Australia, the USA, and the Far East. Bedsheets, pillowcases, duvet covers, towels, rugs, doilies, shirts, and garments are their specialty, and they mostly supply these items to bargain stores for processing and finishing. Amazon, Meesho, Amerson’s shop, and Vijay Sales are some of their domestic customers. The sale of import licenses is another source of income for their business. Importing items that are not freely importable requires a government authorization known as an import license. Furthermore, total revenue from item sales for the period ending December 31, 2023, and the fiscal years ending March 31, 2022, and 2021 was ₹5,922.12 lakhs, ₹10,356.30 lakhs, ₹10,152.67 lakhs, and ₹7,819.71 lakhs, respectively.
Neelam Linens and Garments Company Financial Report
The company reported revenue of ₹104.74 crores in 2024 against ₹105.41 crore in 2023. The company reported profit of ₹2.46 crores in 2024 against profit of ₹2.38 crores in 2023.
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 |
| 2024 | ₹104.74 | ₹101.58 | ₹2.46 | ₹121.17 |
| June 2024 | ₹21.95 | ₹20.74 | ₹0.80 | ₹120.50 |
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: | 10.48% |
| ROCE: | 13.69% |
| EBITDA Margin: | 7.63% |
| PAT Margin: | 2.40% |
| Debt to equity ratio: | 2.97 |
| Earning Per Share (EPS): | ₹1.66 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 10.48% |
| Net Asset Value (NAV): | ₹15.87 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Loyal Textile Mills Limited | (89.17) | NA | (14.78) | 603.31 | 939.18 Cr. |
| Bannari Amman Spinning Mills Limited | (3.18) | NA | (6.91) | 58.55 | 923.52 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
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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/
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