Neelam Linens and Garments (India) Limited IPO, GMP, Details, Price, And Review IPO Details
| Detail | Description |
|---|---|
| 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 | 6,000 Shares |
| Total Issue Size | 54,18,000 shares (aggregating up to ₹ 13.00 Cr) |
| Fresh Issue | 54,18,000 shares (aggregating up to ₹ 13.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 1,48,00,000 |
| Shareholding post issue | 2,02,18,000 |
| Market Maker portion | 2,76,000 shares Globalworth Securities |
About Neelam Linens and Garments (India) Limited IPO, GMP, Details, Price, And Review
Neelam Linens and Garments (India) Ltd, incorporated in September 2010, is a leading player in the soft home furnishing industry. The company specializes in the processing, finishing and supply of a wide range of products, including bedsheets, pillow covers, duvet covers, towels, rugs, doors, shirts and other garments. Neelam Linens primarily caters to discounted retail outlets.
The company's operations are divided into two key segments:
1. Processing and Trading of Products
2. Sale of Licenses
Neelam Linens operates two manufacturing units located in Bhiwandi, Thane, Maharashtra.
Neelam Linens and Garments IPO Overview:
- ● Total Issue Size: ₹13.00 crores
- ○ Fresh Issue: 54.18 lakh shares
- ● IPO Opening Date: November 8, 2024
- ● IPO Closing Date: November 12, 2024
- ● Price Band: ₹20 to ₹24 per share
- ● Minimum Lot Size: 6,000 shares
- ● Lead Managers: Expert Global Consultants Private Limited
- ● Registrar: Purva Sharegistry India Pvt Ltd
- ● Market Maker: Globalworth Securities
Neelam Linens and Garments IPO Reservation
| 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 |
Objectives of Neelam Linens and Garments IPO
The company intends to utilize the proceeds of the issue to meet the following objectives:
- 1. Funding capital expenditure requirement of our Company towards the purchase of Embroidery Machines for expansion.
- 2. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company.
- 3. General corporate purposes.
Neelam Linens and Garments (India) Limited IPO, GMP, Details, Price, And Review Financial Information
Latest Revenue
2,195.39
₹ Crore
Profit After Tax
80.46
₹ Crore
Net Worth
2,428.80
₹ Crore
Total Borrowing
7,566.04
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 30 June 2024 | 12,050.23 | 2,195.39 | 80.46 | 2,428.80 | 7,566.04 | ||||
| 31 Mar 2024 | 12,116.76 | 10,474.42 | 246.05 | 2,348.34 | 868.34 | ||||
| 31 Mar 2023 | 9,967.97 | 10,541.13 | 237.88 | 2,102.30 | 6,534.02 | ||||
| 31 Mar 2022 | 7,860.13 | 10,379.69 | 298.58 | 1,468.42 | 5,110.22 | ||||
| 31 Mar 2021 | 6,467.92 | 8,017.82 | 41.53 | 1,169.84 | 5,259.22 | ||||
| Amount in ₹ Crore | |||||||||
Neelam Linens and Garments (India) Limited IPO, GMP, Details, Price, And Review Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 2.99% |
| ROCE | 3.84% |
| Debt/Equity | 3.12 |
| RoNW | 3.31% |
| P/BV | 1.46 |
| PAT Margin (%) | 3.69 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 1.66 | 1.59 |
| P/E (x) | 14.44 | 15.08 |
Frequently Asked Questions
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Competitive Strengths
1. Selling directly to customers through its own retail stores.
2. Enhance financial performance by concentrating on operational and functional efficiencies.
3. Enhanced product portfolio to meet customer needs.
4. Improving & maintaining functional efficiencies
Download regulatory filings
Neelam Linens and Garments (India) Limited IPO, GMP, Details, Price, And Review IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6000 | ₹144,000 |
| Retail (Max) | 1 | 6000 | ₹144,000 |
| HNI (Min) | 2 | 12000 | ₹288,000 |