Neelam Linens and Garments (India) Ltd
Price Range
₹20 - ₹24
Min. Quantity
6,000
Closes on
12 November 2024
Min. investment
₹1,44,000/6,000 Shares
Neelam Linens and Garments (India) Ltd IPO Timeline
Neelam Linens and Garments (India) Limited was incorporated as Private Limited Company under the name 'Neelam Linens and Garments (India) Private Limited', and Certificate of Incorporation was issued by the Registrar of Companies, Mumbai on September 22, 2010. The status of the Company was changed to PublicLlimited and the name of Company was changed to 'Neelam Linens and Garments (India) Limited' vide dated August 12, 2022. The fresh Certificate of Incorporation consequent to conversion was issued on September 01, 2022 by the Registrar of Companies, Mumbai.
| Event | Date |
|---|---|
| Neelam Linens and Garments (India) Ltd IPO Opening Date | 8 November 2024 |
| Neelam Linens and Garments (India) Ltd IPO Closing Date | 12 November 2024 |
| Basis of Allotment | 13 November 2024 |
| Initiation of Refunds | 13 November 2024 |
| Credit of Shares to Demat | 14 November 2024 |
| Neelam Linens and Garments (India) Ltd IPO Listing Date | 18 November 2024 |
Neelam Linens and Garments (India) Ltd IPO Details
| Neelam Linens and Garments (India) Ltd IPO Date | 8 November 2024 to 12 November 2024 |
| Neelam Linens and Garments (India) Ltd IPO Face Value | ₹10 per share |
| Neelam Linens and Garments (India) Ltd IPO Price | ₹20 to ₹24 per share |
| Neelam Linens and Garments (India) Ltd IPO Lot Size | 6,000 |
| Issue Size | Shares of ₹10 (aggregating up to ₹13 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹13 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Kantilal Jethva, Bhavin Jethwa, Manjula Jethva |
Neelam Linens and Garments (India) Ltd IPO Lot Size
The Neelam Linens and Garments (India) Ltd IPO lot size is 6,000 shares. A retail-individual investor can apply for up to 1 lots (6,000 shares or ₹1,44,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 6,000 | ₹1,44,000 |
| Maximum | 1 | 6,000 | ₹1,44,000 |
- Strengths
- Risks
- Opportunities
- 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 Financials
Neelam Linens and Garments (India) Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 121.17 | 104.74 | 2.46 |
| 03-2023 | 99.68 | 105.41 | 2.38 |
| 03-2022 | 78.6 | 103.8 | 2.99 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding capital expenditure requirements of the company towards purchase of Embroidery Machines for expansion
- Prepayment or repayment of all or portion of certain outstanding borrowings availed by the compant
- General corporate purposes
Neelam Linens and Garments (India) Ltd IPO Promoter Holding
| Pre Issue Share Holding | 8.38% |
| Post Issue Share Holding | 6.13% |
Neelam Linens and Garments (India) Ltd IPO Subscription Status (Bidding Detail)
The Neelam Linens and Garments (India) Ltd IPO is subscribed 85.507 times on 12 November 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 85.507 |
Neelam Linens and Garments (India) Ltd IPO Prospectus
Neelam Linens and Garments (India) Ltd IPO Listing Date
| Listing Date | 18 November 2024 |
| BSE Script | 93220 |
| NSE Symbol | NEELAM |
| Listing In | NSE - SME |
| ISIN | INE0N1401016 |
| IPO Price | ₹24 |
| Face Value | ₹10 |
Company Contact Information
446-447 4th Flr Shah & Nahar-Ind.Este Sitaram Jadav Marg LP,Mumbai-400013
Phone: +91 22 2494 2454
Email: compliance@neelamgarments.com
Website: www.neelamgarments.com
Neelam Linens and Garments (India) Ltd IPO Registrar
Neelam Linens and Garments (India) Ltd IPO Lead Manager(s)
- Expert Global Consultants Pvt Ltd
FAQ
What is the issue size of Neelam Linens and Garments (India) Ltd IPO?
I have pre-applied for Neelam Linens and Garments (India) Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.