Neelam Linens and Garments IPO Date, Review, Price, Allotment Details

Neelam Linens and Garments IPO open date is November 8, 2024 and the IPO will close on November 12, 2024. Neelam Linens and Garments is a Book Built Offer. The company to raise around ₹13 crores via IPO that comprises fresh issue of ₹13 crores and offer for sale up to [.] equity shares with face value of ₹10 each..

Neelam Linens and Garments IPO price band is ₹20 to ₹24. The retail quota is 35%, QIB is 50%, and HNI is 15%. Neelam Linens and Garments IPO to list on NSE and BSE on November 18, 2024. The allotment of Neelam Linens and Garments IPO date is November 13, 2024.

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. As per the financials the IPO investors should apply the IPO for a long term.

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.

ApplicationLot SizeSharesAmount
Retail Minimum16,000₹144,000
Retail Maximum16,000₹144,000
HNI Minimum212,000₹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 EndedRevenueExpenseProfit After TaxAssets
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.

KPIValues
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

CompanyEPSPE RatioRoNW %NAVIncome
Loyal Textile Mills Limited(89.17)NA(14.78)603.31939.18 Cr.
Bannari Amman Spinning Mills
Limited
(3.18)NA(6.91)58.55923.52 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/

Neelam Linens and Garments IPO FAQs

What is Neelam Linens and Garments IPO?

Neelam Linens and Garments IPO is a NSE SME IPO. The company is going to raise ₹13 Crores via IPO. The issue is priced at ₹20 to ₹24 pr equity share. The IPO is to be listed on NSE.

When Neelam Linens and Garments IPO will open for subscription?

The IPO is to open on November 8, 2024 for QIB, NII, and Retail Investors. The IPO will close on November 12, 2024.

What is Neelam Linens and Garments IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Neelam Linens and Garments IPO?

You can apply for 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.

What is Neelam Linens and Garments Issue Size?

Neelam Linens and Garments issue size is ₹13 crores.

What is Neelam Linens and Garments IPO Price Band?

Neelam Linens and Garments IPO Price Band is ₹20 to ₹24.

What is Neelam Linens and Garments IPO Lot Size?

The minimum bid is 6000 Shares with ₹144,000 amount.

What is the Neelam Linens and Garments IPO Allotment Date?

Neelam Linens and Garments IPO allotment date is November 13, 2024.

What is the Neelam Linens and Garments IPO Listing Date?

Neelam Linens and Garments IPO listing date is November 18, 2024. The IPO is to list on NSE.

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).

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