Neelam Linens and Garments (India) Limited
Bookbuilding IPO · NSE
- Price band
- ₹20 - ₹24
- Lot size
- 6,000 shares
- Issue amount
- ₹13 cr
- Total subscription
- 92.05×
- Opens
- 8 Nov 2024
- Closes
- 12 Nov 2024
- Allotment
- 13 Nov 2024
- Listing
- 18 Nov 2024
Offer at a glance
Issue overview
- Issue size
- 54,18,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,20,000
- Fresh issue
- ₹13 cr
- Offer for sale
- ₹0 cr
- Registrar
- Purva Sharegistry India Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,44,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,48,00,000
- Shares after issue
- 2,02,18,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 6,000 | ₹1,44,000 |
| HNI | 2 | 12,000 | ₹2,88,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | — | 8 |
| NIB | — | 1,344 |
| RETAIL | — | 17,351 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 2.48 | 38.15 |
| RETAIL | 4.32 | 249.85 |
Financial performance
Company financials
in Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Jun-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 0.54 | 1.66 | 1.65 |
| ROE | 2.99 | 10.48 | 13.32 |
| ROCE | 3.84 | 13.69 | 13.64 |
| RONW | 3.31 | 10.48 | 11.32 |
| PRE IPO(PE) | 14.44 | 0 | 0 |
| POST IPO(PE) | 15.08 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Neelam Linens and Garments (India) Limited, incorporated in September 2010, specializes in soft home furnishings and garment products, offering bedsheets, pillow covers, duvet covers, towels, and more. The company caters to both domestic and international markets, supplying to retailers like Vijay Sales, Amazon, Meesho, TJX, Big Lots, and LinCraft Australia. Operating two manufacturing units in Bhiwandi, Maharashtra, it produces around 4,000 sets per day with a maximum capacity of 6,000 sets. As of May 15, 2024, the company employs 58 people through a mix of payroll staff and daily wage workers.
Strengths
- Direct Customer Model: Own retail stores allow direct interaction with customers, boosting brand loyalty and customer experience control.
- Operational Efficiency: Strong focus on process efficiencies helps reduce costs and support better financial performance.
- Wide Product Portfolio: Expanded range of products meets diverse customer demands, enhancing competitiveness and market presence.
Risk factors
- Product Concentration Risk: Since the business mainly sells bedsheets, any change in demand or customer preferences could impact sales and make revenue less stable.
- Supplier Dependence: Relying on only a few suppliers means that any supply chain issues could slow down production and disrupt operations.
- Customer Concentration & Short-Term Contracts: Depending on a small number of customers without long-term agreements makes revenue unpredictable. If key customers cut back or stop buying, it could affect business stability.
Promoters
Kantilal Jethva
Bhavin Jethwa
Registrar & documents
Lead manager
Expert Global Consultants Private Limited
Registrar & contacts
Purva Sharegistry India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
446-447, 4th Floor, Shah & Nahar Industrial Estate Sitaram Jadav Marg, Lower Parel, Delisle Road, Mumbai- 400013
+91 2224942454
[email protected]Company website ↗Understanding NEELAM IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.