Neelam Linens and Garments
Listed
Listed
IPO Timeline
Issue open date
8 Nov 2024Issue close date
12 Nov 2024UPI mandate deadline
12 Nov 2024Allotment finalization
13 Nov 2024Refund initiation
14 Nov 2024Share credit
14 Nov 2024Listing date
18 Nov 2024Mandate end date
27 Nov 2024Lock-in end date for anchor investors (50%)
28 Dec 2024Lock-in end date for anchor investors (remaining)
11 Feb 2025Key Dates
Open
8 Nov 2024Close
12 Nov 2024Listing
18 Nov 2024Quick Stats
Issue Size:13cr
Lot Size:6000 shares
About the Company
Neelam Linens and Garments (India) Limited, incorporated in 2010, specializes in processing and supplying home furnishings such as bedsheets, pillow covers, duvet covers, towels, and garments. The company’s manufacturing units are located in Bhiwandi, Thane, Maharashtra, and its daily production capacity is 4,000 sets, which can be expanded to 6,000 sets.The company also engages in the sale and trading of import licenses through government incentive programs, serving clients in domestic and international markets, including the USA, Australia, and the Far East.
Strengths
- Sources surplus high-thread-count fabric at reduced costs, offering price advantages.
- Infrastructure investments aim to improve product quality and meet growing demand.
- Promoters’ experience in textiles aids in identifying market trends and customer needs.
Risks
- Reliance on bedsheets makes the business sensitive to demand changes.
- Limited suppliers could disrupt raw material availability.
- Revenue concentration on a few customers increases risks.
- High working capital needs may strain cash flow.
- Unsecured loans recall may affect liquidity.
- Inventory errors risk overstocking or understocking.
Neelam Linens and Garments IPO – Frequently Asked Questions
- The price band for the Neelam Linens and Garments IPO is set at ₹20 to ₹24 per share.
- The Neelam Linens and Garments IPO opens on November 8, 2024 and closes on November 12, 2024.
- The tentative listing date for the Neelam Linens and Garments IPO is November 18, 2024.
- You can apply for the Neelam Linens and Garments IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Neelam Linens and Garments, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Neelam Linens and Garments IPO is 6000 shares. Investors must apply for at least one lot (i.e., 6000 shares).