Neelam Linens and Garments (India) Ltd IPO
NSE SMEListed On: Nov 18, 2024 at ₹ 40.05
₹ 288000 /12000 Shares
*Min Investment
08 Nov, 2024
Open Date12 Nov, 2024
Close Date13 Nov, 2024
Allotment Date18 Nov, 2024
Listing DateNeelam Linens and Garments IPO Issue Details
- Issue Price ₹20-24 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 54,18,000 shares(aggregating up to ₹13 crore)
- Fresh Share 54,18,000 shares(aggregating up to ₹13 crore)
- Listing at NSE SME
- List Price 40.05
- Listing Date 2024-11-18
- Lead Manager Expert Global Consultants Private Limited
- Registrar Purva Sharegistry India Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 6000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 6000 | ₹1,44,000 |
| Retail(max) | 1 | 6000 | ₹1,44,000 |
| NII (min) | 2 | 12000 | ₹2,88,000 |
Neelam Linens and Garments IPO Reservation
Neelam Linens and Garments IPO offers total 54,18,000 shares. Out of which 10,32,000 (19.05%) allocated to QIB, 7,74,000 (14.29%) allocated to NII,18,00,000 (33.22%) allocated to RII, NA (NA%) allocated to employees and 15,36,000 (28.35%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 15,36,000 (28.35%) | |
| Market Maker Shares Offered | 2,76,000 (5.09%) | |
| QIB Shares Offered | 10,32,000 (19.05%) | |
| NII (HNI) Shares Offered | 7,74,000 (14.29%) | |
| Retail Shares Offered | 18,00,000 (33.22%) | |
| Total Shares Offered | 54,18,000 (100%) |
Neelam Linens and Garments IPO Details
Neelam Linens and Garments (India) Ltd IPO is an SME IPO, priced at ₹20-24 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 54,18,000 equity shares, aggregating up to ₹13 crores..
The IPO bidding window is open from Nov 8, 2024 to Nov 12, 2024. The allotment is expected to be finalized on Nov 13, 2024, and the tentative listing date is Nov 18, 2024.
The minimum lot size for Retail investors is 6000 shares, with a minimum investment of ₹1,44,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,88,000.
Expert Global Consultants Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Purva Sharegistry India Pvt Ltd, and Globalworth Securities Limited will act as the market maker for this issue.
Neelam Linens and Garments IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,032,000 / 774,000 | 1,800,000 | 3,606,000 |
Day 1 08-11-24 06:00 PM | 0.00 / 0.94 x | 5.04 x | 2.72 x |
Day 2 11-11-24 06:00 PM | 1.01 / 4.57 x | 15.28 x | 8.90 x |
Day 3 12-11-24 06:00 PM | 15.40 / 273.82 x | 57.84 x | 92.05 x |
Neelam Linens and Garments Valuations
Neelam Linens and Garments Company Financials
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|---|
| Assets | 12,116.76 | 9,967.97 | 7,860.13 | 6,467.92 |
| Revenue | 10,474.42 | 10,541.13 | 10,379.69 | 8,017.82 |
| Profit After Tax | 246.05 | 237.88 | 298.58 | 41.53 |
| Net Worth | 2,348.34 | 2,102.30 | 1,468.42 | N/A |
| Reserves & Surplus | 868.34 | 1,362.30 | 1,448.42 | N/A |
| Total Borrowing | 6,964.94 | 6,534.02 | 5,110.22 | N/A |
About Neelam Linens and Garments Company
Neelam Linens and Garments (India) Limited incorporated in 2010 is one of the finest manufacturers and exporter of high-class soft home fashion across the world. The group offers a gamut of items such as bed sheets, pillow covers, duvet covers, towels, rugs, shirts, and other apparel, mainly in discount retail chains.
Neelam Linens and Garments India Limited manufactures high-thread-count bedding and towel products and supplies these to discount retail stores and distributors in the USA and Australia.
The Company also trades in licenses in the license market. Here, the Company purchases licenses from exporters and then sells the same to importers, generating a margin based on the price difference.
The international clients of the company are Tuesday Morning, TJX, Pem America, Occean State Job Lot, LinCraft Australia, Big Lots, 99 Cents, and U. S. Polo Assign. The domestic client of the company includes Vijay Sales, Amazon, Meesho, and Amersons store.
The company has two manufacturing units situated in Mumbai, Maharashtra. On June 30, 2024, the company had an employee base of 56 employees, out of which fixed employees are 8 and 48 are called on a contract basis.
Neelam Linens and Garments - Promoter(s)
Kantilal Jethva
Bhavin Jethwa
Pre Issue Share Holding : 74.18%
Post Issue Share Holding : 54.29%
Neelam Linens and Garments IPO - Issue Objectives
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;
Neelam Linens and Garments IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Neelam Linens and Garments (India) Ltd | 1.66 | 1.66 | 15.87 | N/A | 10.48 | 1.51 | Standalone |
| Loyal Textile Mills Ltd. | -89.17 | -89.17 | 603.31 | N/A | -14.78 | 0.85 | Standalone |
| Bannari Amman Spinning Mills Ltd. | -3.18 | -3.18 | 58.55 | N/A | -6.91 | 37.79 | Standalone |
Notes:
- The P/E Ratio has been computed based on the closing market price of equity shares on the NSE on October 22, 2024 divided by the Diluted EPS of March 31, 2024.
- RoNW is computed as net profit after tax divided by the closing net worth, computed as the sum of share capital, reserves, and surplus.
- NAV is computed as the closing net worth divided by the weighted average number of equity shares.
Contact Details
Neelam Linens and Garments
446-447, 4th Floor, Shah & Nahar Industrial Estate Sitaram Jadav Marg, Lower Parel, Delisle Road, Mumbai- 400013
+91 2224942454
Registrar Contact Details
Purva Sharegistry India Pvt Ltd
+91-022-23018261/ 23016761
Neelam Linens and Garments IPO - FAQs
Ans. Neelam Linens and Garments (India) Ltd IPO is a SME IPO. The issue is priced at ₹20-24 per equity share. The minimum order quantity is 6000 Shares. The IPO opens on Nov 8, 2024, and closes on Nov 12, 2024. Purva Sharegistry India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Neelam Linens and Garments (India) Ltd IPO opens on Nov 8, 2024 and closes on Nov 12, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Neelam Linens and Garments (India) Ltd IPO is 5,418,000 shares(aggregating up to ₹13.00 Cr).
Ans. The Neelam Linens and Garments (India) Ltd IPO price band is set between ₹20-24 per equity share.
Ans. To apply for Neelam Linens and Garments (India) Ltd IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Neelam Linens and Garments (India) Ltd IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Neelam Linens and Garments (India) Ltd IPO is Nov 13, 2024.
Ans. The Neelam Linens and Garments (India) Ltd IPO will be listed on Nov 18, 2024.
Ans. Follow the steps to check the Neelam Linens and Garments (India) Ltd IPO allotment status online.
