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Neelam Linens & Garments (India) Ltd.

Neelam Linens & Garments (India) Ltd.

NSE SME · SME IPO
Listed NSE SME SME Live Chart
Issue Price
₹24
₹24
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹24
Based on GMP
Min. Investment
₹144,000
1 lot × 6000 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
08 Nov 2024
Close Date
12 Nov 2024
Allotment
13 Nov 2024
Listing Date
18 Nov 2024
Exchange
NSE SME
Price Band
₹24
Listing Price
See chart
Allotment Status
Price Band
₹24
Per share
Face Value
₹10 per share
 
Lot Size
6,000 Shares
per lot
Issue Size
54,18,000 shares (aggregating up to ₹13.00 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹144,000
1 lot
Pre-IPO Holding
1,48,00,000 shares
Promoters
Post-IPO Holding
2,02,18,000 shares
Promoters
P/E (Pre)
14.44x
 
P/E (Post)
15.08x
 
EPS (Pre)
₹1.66
 
EPS (Post)
₹1.59
 
UPI Deadline
2024-11-12
Mandate
Anchor AllotmentThu, 07 Nov 2024
Basis of AllotmentWed, 13 Nov 2024
Refund InitiationThu, 14 Nov 2024
Demat CreditThu, 14 Nov 2024
Listing DayMon, 18 Nov 2024
UPI Mandate Deadline2024-11-12
Sale TypeFresh Capital
Net Offer to Public51,42,000 shares (aggregating up to ₹12.34 Cr)
Market Maker Quota2,76,000 shares (aggregating up to ₹0.6624 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Neelam Linens & Garments (India) Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 12 Nov 2024.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
Market Maker
Awaited
276,000
₹0.66
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
5,418,000
100% ₹13.00
IPO Shares Offered
Neelam Linens & Garments (India) Ltd. IPO total issue size: ₹13.00 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Market Maker 276,000 ₹0.66
5.09%
Total 5,418,000 ₹13.00
100.00%
* Based on upper price band ₹24 per share
Lot Size & Investment
Lot Size
6,000
Shares per Lot
Issue Price
₹24.00
Upper Band
Min Investment
₹144,000
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)212,000₹288,000
Retail (Max — 13 Lots)1378,000₹1,872,000
S-HNI (Min — 14 Lots)1484,000₹2,016,000
B-HNI (Min — 68 Lots)68408,000₹9,792,000
* Issue Price ₹24 × Lot Size 6,000 shares
IPO Schedule
Anchor
07 Nov 2024
✓ Done
IPO Open
08 Nov 2024
✓ Done
IPO Close
12 Nov 2024
✓ Done
Allotment
13 Nov 2024
✓ Done
Refunds
14 Nov 2024
✓ Done
Demat Credit
14 Nov 2024
✓ Done
Listing Day
18 Nov 2024
✓ Done
Neelam Linens & Garments (India) Ltd. — Live Price LIVE
₹24.00
INR · NSE
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Issue ₹24.00 Live Price
About Neelam Linens & Garments (India) Ltd.
Incorporated in 2010, Neelam Linens and Garments (India) Limited is a manufacturer and exporter of high-end soft home fashion around the world. The company offers a wide range of products, including bedsheets, pillow covers, duvet covers, towels, rugs, shirts, and other garments, mainly catering to discount retail outlets.Neelam Linens and Garments India Limited is engaged in supplying high-thread-count bedding and towel products to discount retail stores and distributors in the USA and Australia.The Company also engages in trading licenses in the license market. In this process, the Company buys licenses from exporters and then sells them to importers, earning a margin on the price difference.The company's international clients include Tuesday Morning, TJX, Pem America, Occean State Job Lot, LinCraft Australia, Big Lots, 99 Cents, and U. S. Polo Assign. The company's domestic client includes Vijay Sales, Amazon, Meesho, and Amersons store.The company operates two manufacturing units located in Mumbai, Maharashtra. As of June 30, 2024, the company had an employee base of 56 employees, out of that fixed employees are 8 and 48 are called on a contract basis.Competitve Strengths:Purchase of higher quality thread count fabric at a lower price.Experienced promoters and dedicated employee base.
Objects of the Issue
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 & Garments (India) Ltd. Financials (Amount in ₹ Lakhs)
Revenue from Operations
₹10,541.1
31 Mar 2023
₹10,474.4
31 Mar 2024
₹2,195.4
30 Jun 2024
Profit After Tax (PAT)
₹237.9
31 Mar 2023
₹246.1
31 Mar 2024
₹80.5
30 Jun 2024
Particulars30 Jun 202431 Mar 202431 Mar 2023
Revenue from Operations 2195.39 10474.42 10541.13
EBITDA N/A N/A N/A
Profit After Tax (PAT) 80.46 246.05 237.88
Net Worth 2428.80 2348.34 2102.30
Total Assets 12050.23 12116.76 9967.97
Reserves & Surplus 948.80 868.34 1362.30
Borrowings 7566.04 6964.94 6534.02
EBITDA Margin (%) N/A
PAT Margin (%) 3.69%
P/BV Ratio
1.46
RoE
2.99%
RoCE
3.84%
RoNW
3.31%
PAT Margin
3.69%
Debt/Equity
3.12
Issue Structure & Shareholding
Total Shares Offered54,18,000 (100.00%)
Net Offer to Public51,42,000 shares (aggregating up to ₹12.34 Cr)
Reserved for Market Maker2,76,000 shares (aggregating up to ₹0.6624 Cr)
Pre-Issue Promoter Holding1,48,00,000 shares
Post-Issue Promoter Holding2,02,18,000 shares
P/BV Ratio1.46
RoE2.99%
RoCE3.84%
Debt / Equity3.12
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Expert Global Consultants Pvt.Ltd.
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Neelam Linens & Garments (India) Ltd. IPO subscribed?

Neelam Linens & Garments (India) Ltd. IPO is subscribed 1.00 times by Nov 12, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Neelam Linens & Garments (India) Ltd. IPO retail subscription status?

The Neelam Linens & Garments (India) Ltd. IPO retail category is subscribed 1.00 times as of 12 Nov 2024. The retail portion is oversubscribed.

How to subscribe Neelam Linens & Garments (India) Ltd. IPO?

Subscribe via your broker app using ASBA or UPI. Opens 08 Nov 2024 and closes 12 Nov 2024. Min investment: ₹144,000 (1 lot = 6,000 shares). UPI mandate: 2024-11-12.

How many times Neelam Linens & Garments (India) Ltd. IPO subscribed?

The Neelam Linens & Garments (India) Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Neelam Linens & Garments (India) Ltd. IPO allotment?

Check allotment on the registrar website (Purva Sharegistry (India) Pvt.Ltd.) at https://www.purvashare.com/investor-service/ipo-query. Enter your PAN, application number or DP/Client ID. Allotment date: 13 Nov 2024. Refunds: on 14 Nov 2024.

When Neelam Linens & Garments (India) Ltd. IPO will be listed?

The Neelam Linens & Garments (India) Ltd. IPO listing date is 18 Nov 2024, Monday. Listed on: NSE SME. Issue price: ₹24. Estimated listing: ₹24. GMP: NIL.

When Neelam Linens & Garments (India) Ltd. IPO close?

The Neelam Linens & Garments (India) Ltd. IPO closes on 12 Nov 2024, Tuesday. UPI mandate: 2024-11-12. Allotment: 13 Nov 2024. Listing: 18 Nov 2024.