Neelam Linens and Garments IPO Details
Neelam Linens and Garments IPO Summary
Neelam Linens and Garments IPO opens for subscription on 08 Nov 2024 and closes on 12 Nov 2024.The IPO will be listed on NSE with the tentative listing date set for 18 Nov 2024.
Neelam Linens and Garments IPO price band has been fixed at ₹20 – ₹24 per share. The face value is ₹10 per share with a lot size of 6000.
Neelam Linens and Garments IPO total issue size comprises 54,18,000 shares (aggregating up to ₹13.00 Cr). This includes a fresh issue of 54,18,000 shares (aggregating up to ₹13.00 Cr). Pre-issue shareholding stands at 1,48,00,000, which will increase to 2,02,18,000 post-issue.
Neelam Linens and Garments IPO carries a ₹14 (58.33%) GMP, reflecting investor sentiment.
Neelam Linens and Garments IPO Lot Size :Retail Minimum is 1 lot (6,000 shares) amounting to ₹144,000. Retail Maximum is 1 lot (6,000 shares) amounting to ₹144,000. SHNI Minimum is 2 lots (12,000 shares) amounting to ₹288,000.
The Lead Managers for Neelam Linens and Garments IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Expert Global Consultants Pvt Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For detailed information, Refer to the Neelam Linens and Garments Limited RHP.
Neelam Linens and Garments IPO Details
Neelam Linens and Garments IPO Subscription
Neelam Linens and Garments IPO Application Wise Breakup
Neelam Linens and Garments IPO Dates
- 08 Nov 2024Opening dateOpen
- 12 Nov 2024Closing dateClose
- 13 Nov 2024Allotment Date Allotment
- 14 Nov 2024Initiation of RefundsRefund
- 14 Nov 2024Credit of SharesCredit
- 18 Nov 2024Listing dateListing
Neelam Linens and Garments IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 6000 | ₹144,000 |
| Retail Maximum | 1 | 6000 | ₹144,000 |
| SHNI Minimum | 2 | 12000 | ₹288,000 |
| SHNI Maximum | 0 | 0 | ₹ |
| BHNI Minimum | 0 | 0 | ₹ |
Neelam Linens and Garments IPO Reservation
Promoter Holding
Documents
Neelam Linens and Garments IPO Valuations
Neelam Linens and Garments Financial Information
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | ||||||||||||||||||||||||||||||||||||
| Assets | 11,348.44 | 9,967.97 | 7,860.13 | 6,467.92 | ||||||||||||||||||||||||||||||||||||
| Revenue | 6,078.18 | 10,541.13 | 10,379.69 | 8,017.82 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 102.99 | 237.88 | 298.58 | 41.53 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 2,205.28 | 2,102.3 | 1,468.42 | 1,169.84 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 725.28 | 1,362.3 | 1,448.42 | 1,149.84 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 6,739.19 | 6,534.02 | 5,110.22 | 5,259.22 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
About Neelam Linens and Garments IPO
Incorporated in September 2010, Neelam Linens and Garments (India) Ltd is a soft home furnishing company. It processes, finishes, and supplies bedsheets, pillow covers, duvet covers, towels, rugs, doors, shirts, and garments. The company mainly serves discounted retail outlets.
The company's business can be divided into two parts
- Processing and trading of products
- Sale of licenses
The company has two manufacturing units situated in Bhiwandi, Thane, Maharashtra.
The company sells its products to domestic and international customers. Its domestic customers include Vijay Sales, Amazon, Meesho, and Amersons stores. Its international clients include stores like Tuesday Morning, TJX, Pem America, Ocean State Job Lot, LinCraft Australia, Big Lots, 99 Cents, and U.S. Polo Assn.
The company currently manufactures 4000 sets per day and its capacity to manufacture is 6000 sets per day.
Competitive Strength:
- Selling directly to customers through its own retail stores.
- Enhance financial performance by concentrating on operational and functional efficiencies.
- Enhanced product portfolio to meet customer needs.
- Improving & maintaining functional efficiencies
As of May 15, 2024, the company employs 58 people. Eight of them are on payroll, while 50 work for daily wages as needed.
Strength Of Neelam Linens and Garments IPO
1. Purchase of higher quality thread count fabric at lower price.
2. Experienced promoters and dedicated employee base.
3. Infrastructure and Integrated capabilities to deliver quality Products.
Risk Of Neelam Linens and Garments IPO
1. Its business predominantly focuses on bedsheets, which makes the company particularly susceptible to fluctuations in demand. Any shifts in consumer preferences have the potential to significantly impact its business, as well as influence its operational outcomes and financial standing.
2. A majority of its supplies for the company operations are obtained from a limited number of suppliers.
3. The company is dependent on a few customers for a major part of its revenues. Further the company does not enter into long-term arrangements with its customers could adversely affect its business and results of operations.
4. A significant portion of its sales are derived from India and any adverse developments in this market could adversely affect its business.
5. The Company and the promoters do not have enough documentary evidence for the Capital Built-up of the Company.
6. The company has only one production unit that is located in Bhiwandi and any localized social unrest, natural disaster or breakdown of services or any other natural disaster in and around Ahmednagar or any disruption in production at, or shutdown of, its production unit could have material adverse effect on the company's business and financial condition.
7. Its success depends on third party logistics and transportation infrastructure. Disruption of logistics and transportation services could impair the ability of its suppliers to deliver raw materials or the company ability to deliver products to its customers and/ or increase the company transportation costs, which may adversely affect its operations.
8. If the company is unable to maintain an optimal level of inventory, its business, results of operations and financial condition may be adversely affected.
9. Its business is exposed to foreign exchange rate related fluctuations.
10. The company registered office and processing facility are located on leave and licensed premises and consequently, the company is required to comply with certain requirements given under leave and license agreements.
Objectives Neelam Linens and Garments IPO
- 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;
Company Contact Details
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: compliance@neelamgarments.com
Website: http://neelamgarments.com/
Registrar Contact Details
Market Maker
Neelam Linens and Garments FAQs
The Neelam Linens and Garments IPO is a SME public issue comprising 5418000 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹13.00 Cr. The issue price has been fixed at ₹24 per equity share, and the minimum application size is 6000 shares.
The IPO opens for subscription on 08 Nov 2024, and closes on 12 Nov 2024.
Purva Sharegistry India Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the NSE
As of now, the current GMP stands at ₹14 (58.33%).
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