Neelam Linens and Garments IPO Details
| IPO Issue Open Date: | 8 November 2024 |
| IPO Issue Close Date: | 12 November 2024 |
| IPO Issue Price Band: | ₹20 to ₹24 per share |
| Face Value: | ₹10 Per Equity Share |
| IPO Issue Size: | ₹13.00 Crores | 5,418,000 shares |
| Fresh Issue: | ₹₹13.00 Crores | 5,418,000 shares |
| Offer for Sale: | ₹[.] Crores |
| Issue Type: | Book Built Issue |
| IPO Listing At: | NSE SME |
| IPO Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| Employee Discount: | ₹[.] per share |
Neelam Linens and Garments IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| DRHP Draft Prospectus: | Click Here |
Neelam Linens and Garments IPO Dates Timeline
| Issue Open Date: | 8 November 2024 |
| Issue Close Date: | 12 November 2024 |
| Basis of Allotment Date: | 13 November 2024 |
| Refunds Initiation: | 14 November 2024 |
| Shares Credit in Demat: | 14 November 2024 |
| IPO Listing Date Detail: | 18 November 2024 |
Neelam Linens and Garments IPO Market Lot
Neelam Linens and Garments IPO GMP*
| GMP Date | GMP Today | Subject to Sauda | Kostak | Expected Gain |
| Today | ₹– | ₹- | ₹- | -% |
| 10th Nov | ₹– | ₹– | ₹– | -% |
| 7th Nov | ₹– | ₹– | ₹– | -% |
| 6th Nov | ₹– | ₹- | ₹- | -% |
| 4th Nov | ₹- | ₹- | ₹- | -% |
About Neelam Linens and Garments
Neelam Linens and Garments was incorporated as private limited company under the name “Neelam Linens and Garments (India) Private Limited”, under the provisions of the Companies Act, 1956 and Certificate of Incorporation was issued by the Registrar of Companies, Mumbai on September 22, 2010. The status of the Company was changed to public limited, and the name of they Company was changed to “Neelam Linens and Garments (India) Limited” vide Special Resolution dated August 12, 2022. The fresh certificate of Incorporation consequent to conversion was issued on September 01, 2022, by the Registrar of Companies, Mumbai. The Corporate Identity Number of they Company is U17299MH2010PLC208010
Their Company also earns revenue from sale of import licenses. An import license is a governmental authorization required for the importation of goods that are not freely importable. Licenses of this form restrict the number of items entering a country to exactly the requirements of those products and the country’s customs regulations. The government primarily offers the licenses as a financial incentive to exporters, and once granted, they become commodities. Import licenses, which grant the holder the right to import goods that may be restricted or regulated, are considered a service when they are sold or transferred.
Neelam Linens and Garments IPO Strengths
- Purchase of higher quality thread count fabric at lower price.
- Experienced promoters and dedicated employee base
- Infrastructure and Integrated capabilities to deliver quality Products
Objects of the IPO Issue
- 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 Company Financial Report
The company reported revenue of ₹104.74 crores in 2024 against ₹105.41 crores in 2023. The company reported a profit of ₹2.46 crores in 2024 against a Profit of ₹2.38 crores in 2023.
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2021 | ₹80.18 | ₹79.90 | ₹0.42 | ₹64.68 |
| 2022 | ₹103.80 | ₹99.90 | ₹2.99 | ₹78.60 |
| 2023 | ₹105.41 | ₹102.11 | ₹2.38 | ₹99.68 |
| 2024 | ₹104.74 | ₹101.58 | ₹2.46 | ₹121.17 |
| June 2024 | ₹21.95 | ₹20.74 | ₹0.80 | ₹120.50 |
Neelam Linens and Garments IPO Valuation – Key Performance Indicator
KPI as of March 31, 2024.
| KPI | Values |
| ROE: | 10.48% |
| ROCE: | 13.69% |
| EBITDA Margin: | 7.63% |
| PAT Margin: | 2.40% |
| Debt to equity ratio: | 2.97 |
| Earning Per Share (EPS): | ₹1.66 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 10.48% |
| Net Asset Value (NAV): | ₹15.87 |
Peer Group Comparison
The below peer comparison table’s data are showing as per the DRHP and RHP.
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Loyal Textile Mills Limited | (89.17) | NA | (14.78) | 603.31 | 939.18 Cr. |
| Bannari Amman Spinning Mills Limited | (3.18) | NA | (6.91) | 58.55 | 923.52 Cr. |
Neelam Linens and Garments IPO Registrar
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
Neelam Linens and Garments IPO Lead Manager
- Expert Global Consultants Private Limited
Neelam Linens and Garments IPO allotment status check on Link Intime website. Click on Purva Sharegistry India Pvt Ltd to get allotment status.
Promoters of Neelam Linens and Garments
- Kantilal Jethva
- Bhavin Jethwa
Company Address
Neelam Linens and Garments (India) Ltd
446-447, 4th Floor,
Shah & Nahar Industrial Estate Sitaram Jadav Marg
Lower Parel, Delisle Road, Mumbai- 400013
Phone: +91 2224942454
Email: compliance@neelamgarments.com
Website: http://neelamgarments.com/