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 DateNovember 8, 2024
IPO Close DateNovember 12, 2024
Face Value₹10 Per Equity Share
IPO Price Band₹20 to ₹24 Per Share
Issue SizeApprox ₹13 Crores5,418,000 Equity Shares
Fresh IssueApprox ₹13 Crores5,418,000 Equity Shares
Issue TypeBook Built Issue
Retail QuotaNot more than 35%
QIB QuotaNot more than 50%
NII QuotaNot 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 DateNovember 8, 2024
IPO Close DateNovember 12, 2024
Basis of AllotmentNovember 13, 2024
RefundsNovember 14, 2024
Credit to Demat AccountNovember 14, 2024
IPO Listing DateNovember 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.

ApplicationLot SizeSharesAmount
Retail Minimum16,000₹144,000
Retail Maximum16,000₹144,000
HNI Minimum212,000₹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 EndedRevenueExpenseProfit After TaxAssets
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

Categorized in:

IPO,

Last Update: November 7, 2024