Neelam Linens and Garments (India) Limited IPO | Bidding Dates, Price Band, and Lot Size

Home » Investing » IPO » Neelam Linens and Garments (India) Limited IPO | Bidding Dates, Price Band, and Lot Size

Neelam Linens and Garments (India) Ltd IPO opened for subscription on 8 November 2024 and will run until 12 November 2024. Neelam Linens and Garments (India) IPO is an SME IPO that is looking to raise around ₹ 13 crores from a fresh 54.18 lakh equity share issue. 

The allotment for the Neelam Linens and Garments (India) IPO is expected to be announced on Wednesday, 13 November 2024. Neelam Linens and Garments (India) will be listed on NSE SME on Monday, 18 November 2024 as decided yet. 

Neelam Linens and Garments (India) IPO has set the price band between ₹ 20 and ₹ 24 per share. It has kept the minimum ipo lot size of 6000 shares for each application. The minimum investment by a retail investor has to be ₹ 144000. For HNIs, the minimum number of lots to be purchased is 2 lots which amounts to a minimum investment of ₹ 288000, that is for 12000 shares. 

Here Are Quick Steps to Apply for the Neelam Linens and Garments (India) IPO!

Neelam Linens and Garments (India) NSE SME IPO Details

DetailInformation

IPO Opening Date

November 8, 2024

IPO Closing Date

November 12, 2024

Tentative IPO Listing Date

November 18, 2024

Face Value

₹10 per share

Price Range

₹ 20 to ₹ 24 per share

Lot Size

6000 shares

Total Issue Size

5418000 shares (₹13 Cr)

Fresh Issue

5418000 shares (₹13 Cr)

IPO Segment

Book Built Issue
Listing At
NSE SME 

Shareholding Pre-Issue

14800000 shares

Shareholding Post-issue

20218000 shares

Market Maker Portion

276000 shares

Neelam Linens and Garments (India) Limited| Company Overview

Neelam Linens and Garments (India) Limited was established in the year 2010. It engages in the production and export of high-end soft home fashion across the globe. The firm offers an array of products which includes bedsheets, pillow covers, towels, rugs, shirts, and other garments as well. 

The main clientele of Neelam Linens includes discount retail outlets. However, the main products of this firm are high-thread count beddings and towels which it supplies to discount retail outlets and wholesale distributors in the US and Australia. Some of the most prominent clients of Neelam Linens are TJX, Tuesday Morning, LinCraft Australia, Ocean State Job Lot, Big Lots, and others. 

Apart from producing and exporting high-quality home linens, the firm also engages in buying and selling trading licenses where it buys licenses from different exporters and sells them to the importers and earns from the price difference margin. 

As of 30 June 2024, Neelam Linens and Garments had two manufacturing units in Mumbai and an employee strength of 56 employees out of which 48 were on a contractual basis. 

Apply for Neelam Linens and Garments (India) IPO at zero brokerage!

Neelam Linens and Garments (India) Limited IPO| Key Details

  • Neelam Linens and Garments (India) IPO Opening Date: November 8, 2024,
  • Neelam Linens and Garments (India) IPO Closing Date: November 12, 2024,
  • Allotment Date: November 13, 2024
  • Price Band: ₹20 to ₹24 per share
  • Lot Size: 6000 shares
  • Refunds Initiated: November 14, 2024
  • Shares Credited to Demat: November 14, 2024
  • Listing Date: November 18, 2024

Neelam Linens and Garments (India) Ltd: Financial Overview

The revenue of Neelam Linens and Garments (India) Ltd. declined marginally by 0.63% in FY24 on a YoY basis but the profit after tax (PAT) has increased by 3.43% during the same period. Here is the detailed financials of Neelam Linens and Garments (India) Ltd – 


Financial Information

31 Mar 2024

31 Mar 2023

Change (31 Mar’23 – 31 Mar’24)

Change (%)
Assets
12,116.76

9,967.97

2,148.79

21.56
Revenue
10,474.42

10,541.13

-66.71

-0.63

Profit After Tax

246.05

237.88

8.17

3.43

Net Worth

2,348.34

2,102.30

246.04

11.70

Reserves and Surplus

868.34

1,362.30

-493.96

-36.26

Total Borrowing

6,964.94

6,534.02

430.92

6.60

All figures in ₹ Lakhs

FAQs | Neelam Linens and Garments (India) Ltd IPO

What is Neelam Linens and Garments (India) Ltd?

Neelam Linens and Garments (India) Ltd produces high-quality home linens and garments and supplies to the USA and Australia’s discount retail stores and distributors. It also deals in trading licenses.

What is the listing date of the Neelam Linens and Garments (India) IPO?

The tentative IPO listing date of Neelam Linens and Garments (India) has been fixed as Monday, November 18, 2024.

When is the Neelam Linens and Garments (India) IPO bidding date?

The bidding date for the Neelam Linens and Garments (India) IPO is November 8, 2024, and it will continue until November 12, 2024.

What is the minimum IPO lot size for Neelam Linens and Garments Holdings?

The minimum IPO lot size for Neelam Linens and Garments (India) is 6000 shares. However, HNIs need to buy at least 2 lots.

What is the expected IPO allotment time for Neelam Linens and Garments Holdings?

The IPO allotment is expected to be finalized on Wednesday, November 13, 2024.

What is the IPO face value for Neelam Linens and Garments Holdings?

The IPO face value is set at ₹10 per share.

______________________________________________________________________________________

Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.