Neelam Linens and Garments Ltd is a manufacturer and exporter of High-end home soft furnishing company based out of Maharashtra, India. They serve customers all over India and globally including Australia, the USA, and the Far East. Bedsheets, pillowcases, duvet covers, towels, rugs, doilies, shirts, and garments are their specialty, and they mostly supply these items to bargain stores for processing and finishing. Amazon, Meesho, Amerson’s shop, and Vijay Sales are some of their domestic customers. Furthermore, total revenue from item sales for the period ending December 31, 2023, and the fiscal years ending March 31, 2022, and 2021 was ₹5,922.12 lakhs, ₹10,356.30 lakhs, ₹10,152.67 lakhs, and ₹7,819.71 lakhs, respectively.
Neelam Linens and Garments IPO price band is ₹20 to ₹24. The retail quota is 35%, QIB is 50%, and HNI is 15%. Neelam Linens and Garments IPO to list on NSE and BSE on November 18, 2024. The allotment of Neelam Linens and Garments IPO date is November 13, 2024. The company reported revenue of ₹104.74 crores in 2024 against ₹105.41 crore in 2023.
Neelam Linens and Garments IPO Details
| IPO Open Date | November 8, 2024 |
| IPO Close Date | November 12, 2024 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹20 to ₹24 Per Share |
| Issue Size | Approx ₹13 Crores, 5,418,000 Equity Shares |
| Fresh Issue | Approx ₹13 Crores, 5,418,000 Equity Shares |
| Issue Type | Book Built Issue |
| Retail Quota | Not more than 35% |
| QIB Quota | Not more than 50% |
| NII Quota | Not more than 15% |
Neelam Linens and Garments IPO Timeline
The Neelam Linens and Garments IPO date is November 8 and the close date is November 12. The Neelam Linens and Garments IPO allotment will be finalized on November 13 and the IPO listing on November 18.
| IPO Open Date | November 8, 2024 |
| IPO Close Date | November 12, 2024 |
| Basis of Allotment | November 13, 2024 |
| Refunds | November 14, 2024 |
| Credit to Demat Account | November 14, 2024 |
| IPO Listing Date | November 18, 2024 |
Neelam Linens and Garments IPO Market Lot
The Neelam Linens and Garments IPO minimum market lot is 6000 shares with ₹144,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 6,000 | ₹144,000 |
| Retail Maximum | 1 | 6,000 | ₹144,000 |
| HNI Minimum | 2 | 12,000 | ₹288,000 |
Neelam Linens Financial Performance Report
The company reported revenue of ₹104.74 crores in 2024 against ₹105.41 crore in 2023. The company reported profit of ₹2.46 crores in 2024 against 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 |
