Neelam Linens and Garments (India) Ltd IPO

Neelam Linens and Garments (India) Ltd IPO  opens for subscription on November 8, 2024 and closes on November 12, 2024. The allotment for the Neelam Linens and Garments IPO is expected to be finalized on Wednesday, November 13, 2024. Neelam Linens and Garments IPO will list on NSE SME with tentative listing date fixed as Monday, November 18, 2024.

Neelam Linens and Garments IPO price band is set at ₹20 to ₹24 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹144,000. The minimum lot size investment for HNI is 2 lots (12,000 shares) amounting to ₹288,000.

Neelam Linens and Garments IPO is a book built issue of Rs 13.00 crores. The issue is entirely a fresh issue of 54.18 lakh shares.

Neelam Linens and Garments IPO Details

Neelam Linens and Garments IPO Lot Size

Investors can bid for a minimum of 6000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Neelam Linens and Garments IPO Objectives

The company intends to utilize the proceeds of the issue to meet the following objects:

1. Funding capital expenditure requirement of our Company towards the purchase of Embroidery Machines for expansion;
2. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company;
3. General corporate purposes;

About Neelam Linens and Garments (India) Ltd

Incorporated in September 2010, Neelam Linens and Garments (India) Ltd is a leading soft home furnishing company specializing in the design, processing, and supply of high-quality home furnishing products. With a focus on creating stylish and functional soft furnishings, the company caters to diverse customer needs through its innovative product offerings and commitment to quality. Its expertise in the home furnishing segment has positioned it as a trusted name in the industry, delivering comfort and elegance to homes across markets.

Neelam Linens and Garments (India) Ltd Financial Information

Neelam Linens and Garments IPO Reservation

Neelam Linens and Garments IPO Timeline 

Neelam Linens and Garments IPO opens on November 8, 2024, and closes on November 12, 2024.