Neelam Linens and Garments IPO
Neelam Linens and Garments is an NSE SME IPO listed on the NSE SME platform, priced at ₹20–₹24 per share. The stock debuted at ₹40.05, delivering a listing gain of 66.9%. The IPO had a lot size of ₹6000 shares and a minimum investment of ₹1,44,000.
Neelam Linens and Garments (India) Ltd IPO
- IPO Dates
- Nov 8, 2024 – Nov 12, 2024
- Price band
- ₹20-24 per equity share
- Minimum Investment
- ₹1,44,000
- Issue size
- ₹13 Cr
- Lot size
- 6000
- Allotment Date
- Nov 13, 2024
- Listing
- Nov 18, 2024
- Listing At
- NSE SME
IPO timeline
-
Nov 8, 2024
Open Date
Completed
-
Nov 12, 2024
Close Date
Completed
-
Nov 13, 2024
Allotment Date
Completed
-
Nov 18, 2024
Listing Date
Completed
Neelam Linens and Garments IPO Essentials
Neelam Linens and Garments IPO Details
Neelam Linens and Garments IPO is priced at ₹20-24 per share with a total issue size of 13 crore. The IPO has a lot size of 6000 shares and is listed on NSE SME.
- Issue price
- ₹20-24 per equity share
- Lot size
- 6000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 5,418,000 shares(aggregating up to ₹13.00 Cr)
- Total issue size
- 54,18,000 shares
(aggregating up to ₹13 crore) - Fresh issue
- 54,18,000 shares
(aggregating up to ₹13 crore) - Listing at
- NSE SME
- List price
- 40.05
- Listing date
- Registrar
- Purva Sharegistry India Pvt Ltd
- Lead manager
-
Expert Global Consultants Private Limited
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 reservation details show category-wise allocation of shares. Out of the total 54,18,000 shares, approximately 19.05% are reserved for QIB, 14.29% for NII, 33.22% for retail investors, 5.09% for market maker, and 28.35% for 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 Analytics
Neelam Linens and Garments IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Neelam Linens and Garments IPO Subscription Status
Neelam Linens and Garments IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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
Earnings
- EPS Pre IPO
- ₹1.66/-
- EPS Post IPO
- ₹1.59/-
- P/E Pre IPO
- 14.44
- P/E Post IPO
- 15.08
Returns
- ROE
- 2.99%
- ROCE
- 3.84%
- RoNW
- 3.31%
- PAT Margin
- 3.69
Fundamentals
- Debt / Equity
- 3.12
- Price / Book
- 1.46
Neelam Linens and Garments Financials( In Lakhs)
| 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 |
Neelam Linens and Garments Company & Offer Insights
About Neelam Linens and Garments
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 are the company's promoters of Neelam Linens and Garments.
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 Information
Contact Details
Neelam Linens and Garments
+91 2224942454
446-447, 4th Floor, Shah & Nahar Industrial Estate Sitaram Jadav Marg, Lower Parel, Delisle Road, Mumbai- 400013
Registrar Contact Details
Purva Sharegistry India Pvt Ltd
+91-022-23018261/ 23016761
Frequently Asked Questions
Click any question to reveal the answer
Neelam Linens and Garments IPO is a book-built IPO worth ₹13 crore. The price band is ₹20–₹24 per share. The IPO opens on Nov 8, 2024 and closes on Nov 12, 2024. It will be listed on NSE SME Platform. Purva Sharegistry India Pvt Ltd is the registrar.
The price band of Neelam Linens and Garments IPO is ₹20 to ₹24 per share.
The lot size of Neelam Linens and Garments IPO is 6000 shares.
The minimum investment for Neelam Linens and Garments IPO is approximately ₹1,44,000 based on the upper price band .
Neelam Linens and Garments IPO opens on Nov 8, 2024 and closes on Nov 12, 2024.
The allotment date of Neelam Linens and Garments IPO is Nov 13, 2024.
Neelam Linens and Garments IPO is expected to be listed on Nov 18, 2024, on NSE SME Platform.
Neelam Linens and Garments IPO valuation snapshot: P/E 15.08, EPS ₹1.59/-, P/B 1.46, RoNW 3.31%, and market cap N/A.
To apply for Neelam Linens and Garments IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Neelam Linens and Garments IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Neelam Linens and Garments IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Neelam Linens and Garments IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Neelam Linens and Garments IPO allotment status on IPO Ji for quick and easy access.