SME · NSESubscribed: 92.04×GMP ₹14
Neelam Linens and Garments Limited

Neelam Linens and Garments Limited

Neelam Linens and Garments Limited(NEELAM)

Total Shares

54,18,000

Issue Size

₹13.00 Cr

Price Band

20 – ₹24

Lot Size

6000 shares

Min. Investment

1,44,000

Max. Investment

1,44,000

Open Date

08 Nov, 2024

Close Date

12 Nov, 2024

Allotment

13 Nov, 2024

Listing

18 Nov, 2024

Announced

08 Nov, 2024

Opening Date

08 Nov, 2024

Closing Date

12 Nov, 2024

Basis of Allotment

13 Nov, 2024

Initiation of Refunds

14 Nov, 2024

Credit of Shares

14 Nov, 2024

Listing Date

18 Nov, 2024

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About Neelam Linens and Garments Limited 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

  1. Processing and trading of products
  2. Sale of licenses

The company has two manufacturing units situated in Bhiwa

Neelam Linens and Garments Limited IPO Share Price and Issue Size

Issue Breakdown

Total Issue54,18,000 shares₹13.00 Cr
Fresh Issue54,18,000 shares₹13.00 Cr
Offer for Sale0 shares

Shareholding

Pre-Issue1,48,00,000
Post-Issue2,02,18,000

Dilution: 36.6% increase in shares

Neelam Linens and Garments Limited IPO Financials Health

Neelam Linens and Garments Limited IPO Lot Size

ApplicationLotsSharesAmount
HNI Minimum2120002,88,000
Retail Minimum160001,44,000
Retail Maximum160001,44,000

(All values in CR)

Neelam Linens and Garments Limited IPO Valuation

MetricValue
EPS Post IPO0.68
EPS Pre IPO1.61
P/E Post IPO35.34
P/E Pre IPO14.93

(All values in CR)

Strength & Risk of Neelam Linens and Garments Limited IPO

+Strengths

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.

!Risks

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.

Neelam Linens and Garments Limited IPO Subscription Status

Investor CategorySubscription (times)Shares OfferedShares bid forTotal Amount (Rs Cr.)
Anchor1.0015,36,00015,36,0003.69
HNI273.827,74,00021,19,38,000508.65
Market Maker1.002,76,0002,76,0000.66
QIB15.4010,32,0001,58,94,00038.15
Retail57.8218,00,00010,40,76,000249.78
Total92.0436,06,00033,19,08,000796.58

Neelam Linens and Garments Limited IPO GMP

00.0%

Last updated 01 Nov, 2024 · Source: aggregated grey-market dealers

DateIPO PriceGMPSub2 SaudaEst. ListingEst. ProfitUpdated
01 Nov, 202424₹0--₹24 (0.00%)-01 Nov, 2024
04 Nov, 202424₹0--₹24 (0.00%)-04 Nov, 2024
05 Nov, 202424₹0--₹24 (0.00%)-05 Nov, 2024
06 Nov, 202424₹0--₹24 (0.00%)-06 Nov, 2024
07 Nov, 202424₹0--₹24 (0.00%)-07 Nov, 2024
08 Nov, 202424₹0--₹24 (0.00%)-08 Nov, 2024
11 Nov, 202424₹0--₹24 (0.00%)-11 Nov, 2024
13 Nov, 202424₹1045600₹34 (41.67%)-13 Nov, 2024
14 Nov, 202424₹1045600₹34 (41.67%)-14 Nov, 2024
15 Nov, 202424₹1463800₹38 (58.33%)-15 Nov, 2024
18 Nov, 202424₹1463800₹38 (58.33%)-18 Nov, 2024

Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.

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