Neelam Linens & Garments IPO: Key Dates, Price Details, and Latest GMP Revealed!

Investors responded strongly to Neelam Linens and Garments Ltd.’s IPO throughout the three-day bidding period, with non-institutional investors showing a particularly strong response. Neelam Cloths & Clothes On the last day of bidding, the IPO was subscribed for 92 times, according to NSE data. The number of shares offered was 36,06,000, but investors applied for 33,19,08,000 shares. Non-institutional investors subscribed for their quota 273.82 times, applying for 21,19,38,000 shares compared to the 7,74,000 shares reserved for them.

Neelam Linens and Garments IPO Details

IPO Open Date November 8, 2024
IPO Close Date November 12, 2024
Listing Date November 18, 2024
Face Value โ‚น10 per share
Price Band โ‚น20 to โ‚น24 per share
Lot Size 6000 Shares
Total Issue Size 5,418,000 sharesย 

(aggregating up to โ‚น13.00 Cr)

Fresh Issue 5,418,000 sharesย 

(aggregating up to โ‚น13.00 Cr)

Issue Type Book Built Issue IPO
Listing At NSE SME

Neelam Linens & Garments IPO: Key Dates, Price Details, and Latest GMP Revealed!

Neelam Linens and Garments Financials Analysis

In the fiscal year that ended on March 31, 2024, Neelam Linens and Garments (India) Ltd. saw a -0.63% decline in sales and a 3.43% increase in profit after tax (PAT).

FY2024
Assets 12,050.23
Revenue 2,195.39
Profit After Tax 80.46
Net Worth 2,428.80
ROE 2.99%
ROCE 3.84%
Debt/Equity 3.12
RoNW 3.31%
P/BV 1.46
PAT Margin (%) 3.69

About Neelam Linens and Garments

Neelam Linens and Garments is a firm that sells soft home goods. It specializes in the production, finishing, and distribution of bed linens, pillowcases, duvet covers, and other similar products, particularly for bargain stores. The business operates two production facilities in Thane and Bhiwandi.

Well-known brands including TJX, Pem America, and Tuesday Morning are among their clients abroad, whereas Amazon, Vijay Sales, and Meesho are among their domestic clientele. Eight full-time employees and forty-eight contract workers make up the company’s 56 employees as of June 30, 2024, and it has two production facilities in Mumbai, Maharashtra.

Through government incentive programs, the corporation also sells and trades import licenses, catering to customers in both domestic and foreign markets, such as the USA, Australia, and the Far East.

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