Neelam Linens and Garments (India) Limited

Company Profile
Company Name Neelam Linens and Garments (India) Limited
Open Date 08-11-2024
Close Date 11-11-2024
Exchange NSE SME
Lot Size 6,000 Shares
Issue Price ₹20 to ₹24 per share
Issue Size 54,18,000 shares
Application Amount ₹1,44,000
Recommendation Avoid
Neelam Linens and Garments (India) Limited was originally incorporated on Sep 22, 2010. The registered office is located at Mumbai, Maharashtra. The company is a soft home furnishing company and is engaged in the business of processing, finishing and supplying of bedsheets, Pillow cover, Duvet Cover, Towels, Rugs, Doher, Shirts & Garments. They are also into sale of import licenses. The company has 56 permanent employees as on June 30, 2024.
(Read more on the review)

Financial Summary in Lakhs

For the Period Ended Mar-22 Mar-23 Mar-24
Revenue 10,152.6 10,356.3 10,233.9
EBITDA 593.62 652.51 781.10
Net Profit 298.57 237.86 246.04
RoCE 11.26% 10.39% 9.86%
ROE 20.33% 11.31% 10.48%
P/E 10.91 14.55 14.46

Tentative Timeline

Opening Date 08-11-2024
Closing Date 11-11-2024
Basis of Allotment 13-11-2024
Initiation of Refunds 14-11-2024
Credit of Shares to Demat 14-11-2024
Listing Date 18-11-2024

Objects of the Issue

Funding capital expenditure requirement of the Company towards purchase of Embroidery Machines for expansion
Prepayment or repayment of certain borrowing availed by the Company, in part or full
General Corporate Purposes

Contact Information

Registered Office Neelam Linens and Garments (India) Ltd 446-447, 4th Floor, Shah & Nahar Industrial Estate Sitaram Jadav Marg Lower Parel, Delisle Road, Mumbai- 400013
Phone +91 2224942454
Email compliance@neelamgarments.com
Website http://neelamgarments.com/

Registrar Details

Name Purva Sharegistry India Private Limited
Phone +91-022-23018261/ 23016761
Email support@purvashare.com
Website https://www.purvashare.com/investor-service/ipo-query

IPO Reservation

QIB Shares Offered Not more than 50.00% of the Net Issue
Retail Shares Offered Not more than 35.00% of the Net Issue
NII (HNI) Shares Offered Not more than 15.00% of the Net Issue

Shareholding Pattern

Shareholding Pre Issue (Promoters) 74.18%
Shareholding Post Issue (Promoters) 54.30%

Contact Us to Enable Your Success!