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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
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Neelam Linens and Garments (India) Limited IPO, GMP, Details, Price, And Review GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | 24 | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Neelam Linens and Garments (India) Limited IPO, GMP, Details, Price, And Review 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 | 6000 Shares |
| Total Issue Size | 5,418,000 shares (aggregating up to ₹13.00 Cr) |
| Fresh Issue | 5,418,000 shares (aggregating up to ₹13.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 14,800,000 |
| Shareholding post issue | 20,218,000 |
| Market Maker portion | 276,000 shares Globalworth Securities |
Neelam Linens and Garments (India) Limited IPO, GMP, Details, Price, And Review Timeline
| Detail | Description |
|---|---|
| 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 |
Neelam Linens and Garments (India) Limited IPO, GMP, Details, Price, And Review Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6000 | ₹144,000 |
| Retail (Max) | 1 | 6000 | ₹144,000 |
| HNI (Min) | 2 | 12000 | ₹288,000 |
Neelam Linens and Garments (India) Limited IPO, GMP, Details, Price, And Review Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 74.18% | 54.29% |
Competitive Strength:
- 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
Neelam Linens and Garments (India) Limited IPO, GMP, Details, Price, And Review Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | 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 | ||||||||||||||||||||||||||||||||||||||||
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 |
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.
RHP:
View RHPDRHP:
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Frequently Asked Questions (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 per equity share. The IPO is to be listed on NSE.
-
When will the Neelam Linens and Garments IPO 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%.
-
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.
