Neelam Linens and Garments (India) Ltd IPO

Neelam Linens and Garments (India) Ltd IPO

Textiles

sme

Bidding period

08 Nov 2024 - 12 Nov 2024

Bid price

₹24.00 - ₹24.00

Listing on

NSE-SME

Listing date

18 Nov 2024

Lot size

6000 shares

Issue size

₹13.00 crore


Minimum investment

₹1,44,000.00 / 1 lot

Maximum investment

₹1,44,000.00 / 1 lot

Bidding closed on 12 Nov 2024

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Neelam Linens and Garments (India) Ltd IPO dates

IPO opening date

08 Nov 2024

IPO end date

12 Nov 2024

Allotment date

13 Nov 2024

Initiation of refunds

13 Nov 2024

Credit of shares to demat

14 Nov 2024

IPO listing date

18 Nov 2024

Neelam Linens and Garments (India) Ltd IPO financials

Particulars

For the period ending in March 2024 (in ₹ million)

Total assets ₹121.17
Total liabilities ₹121.17
Total expenditure ₹101.58
Total revenue ₹104.74
Profit after tax ₹2.46
EBITDA ₹10.22
Adjusted EBITDA ₹0.00

Neelam Linens and Garments (India) Ltd shareholder pattern

Pre-issue Post-issue
Promoter group 74.18 54.29
Public group 25.82 45.71

Neelam Linens and Garments (India) Ltd strengths and risks

Information currently unavailable

  • Purchase of higher quality thread count fabric at lower price.

  • Experienced promoters and dedicated employee base.

  • Infrastructure and Integrated capabilities to deliver quality Products.

  • 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.

  • A majority of its supplies for the company operations are obtained from a limited number of suppliers.

  • 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.

  • The majority of the business of sale of licenses of our company occurs from the trading activity.

  • The Company and the promoters does not have enough documentary evidence for the Capital Built-up of the Company.

  • A significant portion of its sales are derived from India and any adverse developments in this market could adversely affect its business.

  • 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.

  • 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's ability to deliver products to its customers and/ or increase the company transportation costs, which may adversely affect its operations.

  • If the company is unable to maintain an optimal level of inventory, its business, results of operations and financial condition may be adversely affected.

  • Its business is exposed to foreign exchange rate related fluctuations.

How to check the allotment status of the Neelam Linens and Garments (India) Ltd IPO?

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘Neelam Linens and Garments (India) Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘Neelam Linens and Garments (India) Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

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Neelam Linens and Garments (India) Ltd IPO registrar

Purva Sharegistry (I) Pvt Ltd

Phone number +91 22 4961 4132 / 3522 0056;
E-mail ID support@purvashare.com
Website www.purvashare.com

Neelam Linens and Garments (India) Ltd IPO reservation

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%)

Anchor investor shares offered

15,36,000 (28.35%)

Total shares offered

54,18,000

Total shares with anchor investor

54,18,000

Neelam Linens and Garments (India) Ltd IPO lead manager

  • Expert Global Consultants Pvt Ltd

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Frequently asked questions

What is the listing date for the Neelam Linens and Garments (India) Ltd IPO?

The listing date for the Neelam Linens and Garments (India) Ltd IPO is 18 Nov 2024.

What is the issue size of Neelam Linens and Garments (India) Ltd IPO?

The issue size of the Neelam Linens and Garments (India) Ltd IPO is ₹13.00 cr.

What is the minimum lot size needed for Neelam Linens and Garments (India) Ltd IPO?

The minimum lot size for Neelam Linens and Garments (India) Ltd IPO is 6000

When does the Neelam Linens and Garments (India) Ltd open and close?

Neelam Linens and Garments (India) Ltd IPO is open from 08 Nov 2024 to 12 Nov 2024.

How can I apply for the Neelam Linens and Garments (India) Ltd IPO?

To apply for the Neelam Linens and Garments (India) Ltd, follow the steps given below:

  • Log in to your Bajaj Broking trading account and navigate to the current IPOs section.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen PO.
  • Enter the quantity and your UPI ID. You will receive a mandate notification to block funds in your UPI app.
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