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Open
8 Nov 2024
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Close
12 Nov 2024
3
Allotment
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Listing
Mon, Nov 18, 2024
Price Band
₹20 to ₹24
Issue Size
54,18,000 shares (agg. up to ₹13 Cr)
Lot Size
6,000 Shares
Listing Date
Mon, Nov 18, 2024
Latest GMP
₹14
Est. Gain
58.33%
✦ AI Insight
GMP Trend
18-11-2024₹14Est. ₹38+58.33%
17-11-2024₹14Est. ₹38+58.33%
16-11-2024₹14Est. ₹38+58.33%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 63.46x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|---|
| Assets | 120.50 | 121.17 | 99.68 | 78.60 | 64.68 |
| Total Income | 21.95 | 104.74 | 105.41 | 103.80 | 80.18 |
| Profit After Tax | 0.80 | 2.46 | 2.38 | 2.99 | 0.42 |
| NET Worth | 24.29 | 23.48 | 21.02 | 14.68 | 11.70 |
| Reserves and Surplus | 9.49 | 8.68 | 13.62 | 14.48 | 11.50 |
| Total Borrowing | 75.66 | 69.65 | 65.34 | 51.10 | 52.59 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Paramount Dye Tec Ltd. | SME | ₹28.43 Cr | ₹117 | 14.91 | ₹107.05 | -8.50% | ₹36.20 (-0.14%) |
| Divyadhan Recycling Industries Ltd. | SME | ₹24.17 Cr | ₹64 | 28.34 | ₹88.20 | +37.81% | ₹53.75 (+0.00%) |
| Avi Ansh Textile Ltd. | SME | ₹25.99 Cr | ₹62 | 18.31 | ₹71.15 | +14.76% | ₹102.00 (-0.10%) |
| Gajanand International Ltd. | SME | ₹20.65 Cr | ₹36 | 21.08 | ₹39.90 | +10.83% | ₹8.65 (+6.79%) |
| United Cotfab Ltd. | SME | ₹36.29 Cr | ₹70 | 9.7 | ₹78.75 | +12.50% | ₹16.40 (+5.87%) |
| Piotex Industries Ltd. | SME | ₹14.47 Cr | ₹94 | 11.14 | ₹114.30 | +21.60% | ₹31.90 (-3.33%) |
| Shree Karni Fabcom Ltd. | SME | ₹42.49 Cr | ₹227 | 21.26 | ₹273.00 | +20.26% | ₹402.55 (-1.21%) |
| Kalahridhaan Trendz Ltd. | SME | ₹22.49 Cr | ₹45 | 8.24 | ₹49.50 | +10.00% | ₹9.00 (+1.69%) |
| Shanti Spintex Ltd. | SME | ₹31.25 Cr | ₹70 | 9.82 | ₹79.80 | +14.00% | ₹38.35 (-4.12%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure requirement of the Company towards purchase of Embroidery Machines for expansion; | 5.57 |
| 2 | Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company; | 4.00 |
| 3 | General corporate purposes | 2.15 |
About Neelam Linens IPO
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:
Contact Details
Neelam Linens & Garments (India) Ltd. Address446-447, 4th FloorShah & Nahar Industrial Estate Sitaram Jadav MargLower Parel, Delisle RoadMumbai, Maharashtra, 400013+91 2224942454compliance@neelamgarments.comVisit Website