Neelam Linens and Garments (India) Ltd. appears to be a company involved in the textile and garment industry in India, specializing in manufacturing and selling linens, garments, and possibly other related products. While I don’t have specific details about this company from my knowledge base, companies in this sector typically engage in activities such as:
- Textile Manufacturing: Producing various types of fabrics such as cotton, linen, polyester blends, etc.
- Garment Production: Designing and manufacturing ready-to-wear clothing items like shirts, trousers, and home textiles such as bed sheets, pillow covers, etc.
- Export/Wholesale Distribution: Selling products to domestic and international markets, often involving large-scale exports.
- Retail: Operating retail stores or online platforms for direct consumer sales.
For more precise information, such as financial details, history, or specific products, I would recommend checking official sources such as the company’s website, government databases like Ministry of Corporate Affairs (MCA), or business directories.
Neelam Linens and Garments IPO Details
| IPO Date | November 8, 2024 to November 12, 2024 |
| Listing Date | November 18, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹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 |
| Share holding pre issue | 14,800,000 |
| Share holding post issue | 20,218,000 |
| Market Maker portion | 276,000 shares |
Neelam Linens and Garments IPO Reservation
Neelam Linens and Garments IPO offers 54,18,000 shares. 10,32,000 (19.05%) to QIB, 7,74,000 (14.29%) to NII, 18,00,000 (33.22%) to RII and 15,36,000 (28.35%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 15,36,000 (28.35%) |
| Market Maker Shares Offered | 2,76,000 (5.09%) |
| 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%) |
| Total Shares Offered | 54,18,000 (100%) |
Neelam Linens and Garments IPO Anchor Investors Details
Neelam Linens and Garments IPO raises Rs 3.69 crore from anchor investors. Neelam Linens and Garments IPO Anchor bid date is November 7, 2024.
| Bid Date | November 7, 2024 |
| Shares Offered | 1,536,000 |
| Anchor Portion Size (In Cr.) | 3.69 |
| Anchor lock-in period end date for 50% shares (30 Days) | December 13, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | February 11, 2025 |
Neelam Linens and Garments IPO Timeline (Tentative Schedule)
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 |
| 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 |
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.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6000 | ₹144,000 |
| Retail (Max) | 1 | 6000 | ₹144,000 |
| HNI (Min) | 2 | 12,000 | ₹288,000 |
Neelam Linens and Garments IPO Promoter Holding
The Promoters of the company are Kantilal Jethva and Bhavin Jethwa.
| Share Holding Pre Issue | 74.18% |
| Share Holding Post Issue | 54.29% |
Neelam Linens and Garments (India) Ltd Financial Information (Restated Consolidated)
Neelam Linens and Garments (India) Ltd’s revenue decreased by -0.63% and profit after tax (PAT) rose by 3.43% between the financial year ending with March 31, 2024 and March 31, 2023.
| 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 | |||||
Key Performance Indicator
The market capitalization of Neelam Linens and Garments IPO is Rs 48.52 Cr.
KPI as of June 30, 2023.
| KPI | Values |
|---|---|
| ROE | 2.99% |
| ROCE | 3.84% |
| Debt/Equity | 3.12 |
| RoNW | 3.31% |
| P/BV | 1.46 |
| PAT Margin (%) | 3.69 |