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The objective of the Issue
The company intends to utilize the proceeds of the issue to meet the following objectives:
- Funding capital expenditure requirement of Company towards the purchase of Embroidery Machines for expansion.
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company.
- General corporate purposes.
IPO Details, Price, Market Lot
| Neelam Linens and Garments IPO Details | |
| IPO Open Date | 8 November 2024 |
| IPO Close Date | 12 November 2024 |
| IPO Issue Size | 54,18,000 Shares (Aggregating up to ₹13.00 Cr) |
| Fresh Issue | 54,18,000 Shares (Aggregating up to ₹13.00 Cr) |
| Offer for Sale | NIL |
| Retail Portion | Not less than 35.00% of the Net Issue |
| NII Portion | Not less than 15.00% of the Net Issue |
| QIB Portion | Not more than 50.00% of the Net Issue |
| Listing At | NSE SME |
| Neelam Linens and Garments IPO Price | |
| Face Value | ₹10 per share |
| IPO Price Band | ₹20 to ₹24 per share |
| Employee Discount | — |
| IPO Issue Type | Book Built Issue |
| Neelam Linens and Garments IPO Market Lot For Retail Investor | |
| No. of Shares Per Lot | 6000 Shares |
| Minimum Lot Size | 1 Lot (6000 Shares) |
| Minimum Amount (Cut-off price) | ₹1,44,000 |
| Maximum Lot Size | 1 Lot (6000 Shares) |
| Maximum Amount (Cut-off price) | ₹1,44,000 |
| Neelam Linens and Garments IPO Market Lot For HNI | |
| No. of Shares Per Lot | 6000 Shares |
| Minimum Lot Size | 2 Lots (12,000 Shares) |
| Minimum Amount (Cut-off price) | ₹2,88,000 |
IPO Date, Listing Date, Allotment Date
| Time Table (Tentative) | |
| IPO Open Date | 8 November 2024 |
| IPO Close Date | 12 November 2024 |
| Basis of Allotment Date | 13 November 2024 |
| Initiation of Refunds | 14 November 2024 |
| Credit of Share to Demat Account | 14 November 2024 |
| IPO Listing Date | 18 November 2024 |
Financial Report
| Period Ended | Assets (₹ in Lakh) |
Revenue (₹ in Lakh) |
P A T (₹ in Lakh) |
Net Worth (₹ in Lakh) |
Borrowings (₹ in Lakh) |
| 31 December 2023 | 11,348.44 | 6,078.18 | 102.99 | 2,205.28 | 6,739.19 |
| 31 March 2023 | 9,967.97 | 10,541.13 | 237.88 | 2,102.3 | 6,534.02 |
| 31 March 2022 | 7,860.13 | 10,379.69 | 298.58 | 1,468.42 | 5,110.22 |
| 31 March 2021 | 6,467.92 | 8,017.82 | 41.53 | 1,169.84 | 5,259.22 |
| Period Ended | 31 Dec 2023 | 31 March 2023 | 31 March 2022 | 31 March 2021 |
| Assets | 11,348.44 | 9,967.97 | 7,860.13 | 6,467.92 |
| Revenue | 6,078.18 | 10,541.13 | 10,379.69 | 8,017.82 |
| P A T | 102.99 | 237.88 | 298.58 | 41.53 |
| Net Worth | 2,205.28 | 2,102.3 | 1,468.42 | 1,169.84 |
| Borrowings | 6,739.19 | 6,534.02 | 5,110.22 | 5,259.22 |
| Amount in ₹ Lakh | ||||
Company Promotor & Promotor’s Holding
| Pre Issue Promotor Holding | 74.18% |
| Post Issue Promotor Holding |
Company Address
Neelam Linens and Garments (India) Ltd
Registered Office: 446-447, 4th Floor, Shah & Nahar Industrial Estate Sitaram Jadav Marg Lower Parel, Delisle Road, Mumbai- 400013
Phone: +91 2224942454
Email: compliance@neelamgarments.com
Website: http://neelamgarments.com/
IPO Registrar, Lead Manager, Prospectus
| Neelam Linens and Garments IPO Prospectus |
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| Neelam Linens and Garments IPO Registrar |
| Purva Sharegistry India Pvt Ltd |
| Neelam Linens and Garments IPO Lead Manager |
| Expert Global Consultants Private Limited |