Neelam Linens & Garments (India) Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,568,000 (47%) | — | ₹616 Cr |
| NII (HNI) | — | 774,000 (14%) | — | ₹186 Cr |
| Retail | — | 1,800,000 (33%) | — | ₹432 Cr |
| Market Maker | — | 276,000 (5%) | — | ₹7 Cr |
| Σ Total | — | 5,418,000 (100%) | — | ₹13,003 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹144,000 |
| Retail (Max) | 13 | 78,000 | ₹1,872,000 |
| S-HNI (Min) | 14 | 84,000 | ₹2,016,000 |
| B-HNI (Min) | 67 | 402,000 | ₹9,648,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 2,195 | 10,474 | 10,541 |
| Profit After Tax | 80 | 246 | 238 |
| Net Worth | 2,429 | 2,348 | 2,102 |
| Total Assets | 12,050 | 12,117 | 9,968 |
| Reserves & Surplus | 949 | 868 | 1,362 |
| Total Borrowing | 7,566 | 6,965 | 6,534 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Funding capital expenditure requirement of our 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; –
Company Overview
Incorporated in 2010, Neelam Linens and Garments (India) Limited is a manufacturer and exporter of high-end soft home fashion around the world. The company offers a wide range of products, including bedsheets, pillow covers, duvet covers, towels, rugs, shirts, and other garments, mainly catering to discount retail outlets.
Neelam Linens and Garments India Limited is engaged in supplying high-thread-count bedding and towel products to discount retail stores and distributors in the USA and Australia.
The Company also engages in trading licenses in the license market. In this process, the Company buys licenses from exporters and then sells them to importers, earning a margin on the price difference.
The company's international clients include Tuesday Morning, TJX, Pem America, Occean State Job Lot, LinCraft Australia, Big Lots, 99 Cents, and U. S. Polo Assign. The company's domestic client includes Vijay Sales, Amazon, Meesho, and Amersons store.
The company operates two manufacturing units located in Mumbai, Maharashtra. As of June 30, 2024, the company had an employee base of 56 employees, out of that fixed employees are 8 and 48 are called on a contract basis.
Competitve Strengths:
- Purchase of higher quality thread count fabric at a lower price.
- Experienced promoters and dedicated employee base.