Neelam Linens and Garments (India) Limited IPO
Neelam Linens and Garments (India) Limited IPO
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Neelam Linens and Garments (India) Limited's has transitioned to a publicly listed entity following its IPO debut on 18-11-2024 at the NSE exchange. The public offering successfully raised 54,18,000 Shares, consisting of 54,18,000 Sharesin new capital.
The IPO featured a competitive price range of ₹20 to ₹24 and minimum application size of 6000 shares. Market reception was evidenced through subscription activity between 08-11-2024 and 12-11-2024, reflecting investor appetite for the offering.
Allotment of shares was completed on 13-11-2024, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Neelam Linens IPO About Company
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.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Neelam Linens IPO Strength Factors
- 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.
Neelam Linens IPO 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.
Neelam Linens IPO Lead Manager(s)
- Expert Global Consultants Private Limited
Neelam Linens IPO Promoter(s)
- Kantilal Jethva
- Bhavin Jethwa
Neelam Linens IPO FAQs
Neelam Linens and Garments (India) Limited IPO subscribed 92.05 times. The public issue subscribed 57.84 times in the retail category,15.4times in QIB, and -- times in the HNI (10+) category byNovember 18, 2025 10:30:28 AM (Day 18).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Neelam Linens IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Neelam Linens IPO FAQs
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