
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
Max. Investment
₹1,44,000
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
- Processing and trading of products
- 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
Shareholding
Dilution: 36.6% increase in shares
Neelam Linens and Garments Limited IPO Financials Health
Neelam Linens and Garments Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| HNI Minimum | 2 | 12000 | ₹2,88,000 |
| Retail Minimum | 1 | 6000 | ₹1,44,000 |
| Retail Maximum | 1 | 6000 | ₹1,44,000 |
(All values in CR)
Neelam Linens and Garments Limited IPO Valuation
| Metric | Value |
|---|---|
| EPS Post IPO | 0.68 |
| EPS Pre IPO | 1.61 |
| P/E Post IPO | 35.34 |
| P/E Pre IPO | 14.93 |
(All values in CR)
Strength & Risk of Neelam Linens and Garments Limited 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.
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 Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 15,36,000 | 15,36,000 | 3.69 |
| HNI | 273.82 | 7,74,000 | 21,19,38,000 | 508.65 |
| Market Maker | 1.00 | 2,76,000 | 2,76,000 | 0.66 |
| QIB | 15.40 | 10,32,000 | 1,58,94,000 | 38.15 |
| Retail | 57.82 | 18,00,000 | 10,40,76,000 | 249.78 |
| Total | 92.04 | 36,06,000 | 33,19,08,000 | 796.58 |
Neelam Linens and Garments Limited IPO GMP
Last updated 01 Nov, 2024 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 01 Nov, 2024 | 24 | ₹0 | -- | ₹24 (0.00%) | - | 01 Nov, 2024 |
| 04 Nov, 2024 | 24 | ₹0 | -- | ₹24 (0.00%) | - | 04 Nov, 2024 |
| 05 Nov, 2024 | 24 | ₹0 | -- | ₹24 (0.00%) | - | 05 Nov, 2024 |
| 06 Nov, 2024 | 24 | ₹0 | -- | ₹24 (0.00%) | - | 06 Nov, 2024 |
| 07 Nov, 2024 | 24 | ₹0 | -- | ₹24 (0.00%) | - | 07 Nov, 2024 |
| 08 Nov, 2024 | 24 | ₹0 | -- | ₹24 (0.00%) | - | 08 Nov, 2024 |
| 11 Nov, 2024 | 24 | ₹0▼ | -- | ₹24 (0.00%) | - | 11 Nov, 2024 |
| 13 Nov, 2024 | 24 | ₹10 | 45600 | ₹34 (41.67%) | - | 13 Nov, 2024 |
| 14 Nov, 2024 | 24 | ₹10▼ | 45600 | ₹34 (41.67%) | - | 14 Nov, 2024 |
| 15 Nov, 2024 | 24 | ₹14 | 63800 | ₹38 (58.33%) | - | 15 Nov, 2024 |
| 18 Nov, 2024 | 24 | ₹14 | 63800 | ₹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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