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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.
IPO Date | November 8, 2024 to November 12, 2024 |
Listing Date | [.] |
Face Value | ₹10 per share |
Price | ₹20 to ₹24 per share |
Lot Size | 6000 Shares |
Total Issue Size | 5,418,000 shares (aggregating up to ₹13.00 Cr) |
Fresh Issue | 5,418,000 shares (aggregating up to ₹13.00 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | NSE SME |
Shareholding pre-issue | 14,800,000 |
Shareholding post-issue | 20,218,000 |
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.
Application | Lots | Shares | Amount |
Retail (Min) | 1 | 6000 | ₹144,000 |
Retail (Max) | 1 | 6000 | ₹144,000 |
S-HNI (Min) | 2 | 12000 | ₹288,000 |
The company intends to utilize the proceeds of the issue to meet the following objects:
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.
Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
Assets | 12,050.23 | 12,116.76 | 9,967.97 | 7,860.13 | 6,467.92 |
Revenue | 2,195.39 | 10,474.42 | 10,541.13 | 10,379.69 | 8,017.82 |
Profit After Tax | 80.46 | 246.05 | 237.88 | 298.58 | 41.53 |
Net Worth | 2,428.80 | 2,348.34 | 2,102.30 | 1,468.42 | 1,169.84 |
Reserves and Surplus | 948.80 | 868.34 | 1,362.30 | 1,448.42 | 1,149.84 |
Total Borrowing | 7,566.04 | 6,964.94 | 6,534.02 | 5,110.22 | 5,259.22 |
Amount in ₹ Lakhs |
Investor Category | Shares Offered |
QIB Shares Offered | Not more than 50.00% of the Net Issue |
Retail Shares Offered | Not less than 35.00% of the Net Issue |
NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
Neelam Linens and Garments IPO opens on November 8, 2024, and closes on November 12, 2024.
IPO Open Date | Friday, November 8, 2024 |
IPO Close Date | Tuesday, November 12, 2024 |
Basis of Allotment | Wednesday, November 13, 2024 |
Initiation of Refunds | Thursday, November 14, 2024 |
A credit of Shares to Demat | Thursday, November 14, 2024 |
Listing Date | Monday, November 18, 2024 |
Cut-off time for UPI mandate confirmation | 5 PM on November 12, 2024 |
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