Neelam Linens and Garments (India) Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹14(58.33%)
Premium (ELP)
Neelam Linens and Garments (India) Limited's has transitioned to a publicly listed entity following its IPO debut on Nov 18, 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 Nov 08, 2024 and Nov 12, 2024, reflecting investor appetite for the offering.
Allotment of shares was completed on Nov 13, 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 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."
- 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.
- 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.
- Kantilal Jethva
- Bhavin Jethwa
Neelam Linens and Garments (India) Limited
Purva Sharegistry India Private Limited