Neelam Linens and Garments IPO

Neelam Linens and Garments (India) Ltd

₹1,20,000 /6000 sharesMinimum Investment

Neelam Linens and Garments IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
--₹24.00₹40.05₹16.05 (66.87%)

Neelam Linens and Garments IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
8 Nov ‘24 - 12 Nov ‘24₹1,20,0006,000₹20 - ₹24
Issue SizeIPO Doc
13.00Cr
RHP PDF

Subscription rate

As of 12 Nov'24, 05:00 PM
Qualified Institutional Buyers0x
Non-Institutional Investor0x
Retail Individual Investor0x
Total17.9505409582689x

About Neelam Linens and Garments

Neelam Linens and Garments is a soft home furnishings manufacturing company based in Mumbai. The company sells its products in India and also exports them to the US, Australia, and the Far East. Neelam Linens specialises in the processing, finishing, and supplying of bedsheets, pillow covers, duvet covers, towels, rugs, dohers, shirts and garments predominantly for discount retail outlets. The company sources surplus or slightly imperfect fabric from the domestic market and then adds value to it through designing, digital printing, dyeing, stitching, embroidery, and other enhancements. These value-added products are then sold to discount retail outlets in various countries. In 2023, the company started production of men’s and women’s fashion apparel. The company also earns revenue from the sale of import licenses.;
Founded in
2010
Managing director
Mr. Bhavin Jethwa
Parent organisation
Neelam Linens and Garments (India) Ltd

Strengths & Financials of Neelam Linens and Garments

Strengths
Risks
Neelam Linens sources surplus or slightly imperfect fabric in bulk at competitive prices. It then adds value to it through designing, digital printing, dyeing, stitching, embroidery, etc. This allows it to sell good products at competitive prices.
The company has the capability to undertake various activities, such as cutting, stitching, inspection, matching, folding, thread cutting, matching, folding, etc., in-house.
It exports to discount retailers in the US, Australia, and the Far East, which are big markets for cotton-based products.
The company has a presence in both the Indian and export markets. Any slowdown in demand in one market could potentially be offset by strong demand in the other markets.
The company has seen a consistent increase in revenue from operations over the past few years. Revenue from operations increased from Rs 78.20 crore in FY21 to Rs 101.53 crore in FY22 to Rs 103.56 crore in FY23.

Neelam Linens and Garments Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of Neelam Linens and Garments IPO

Apply asPrice bandApply upto
Regular20 - 24₹2 Lakh
High Networth Individual20 - 24₹2 - 5 Lakh
For Neelam Linens and Garments IPO, eligible investors can apply as Regular.
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