Loading...

Home >> Blog >> Neelam Linens and Garments IPO: Price, Date & GMP

Neelam Linens and Garments IPO: Price, Date & GMP

  


Neelam Linens and Garments IPO-Complete Overview

Neelam Linens and Garments IPO under the SME IPO category is a book-built issue of Rs.13 crore by Neelam Linens and Garments (India) Limited and was founded in September 2010. Under the category of soft home furnishings, the company processes fabrics for products such as carpets, doors, bed sheets, pillow sheets, duvet covers, towels, and garments. Most of its clientele comprises low-end retailers.

The operations of the company can be categorized into two sections-

  • Manufacturing and selling activities.

  • License selling activities.

There are two owned production facilities located in Bhiwandi, Thane, Maharashtra, operated by the company.

It provides its products to both local and overseas markets. Some of its local clients are Amazon, Meesho, Amerson's stores, and Vijay Sales. In foreign countries, Tuesday Morning, TJX, Pem America, Ocean State Job Lotu, Lin Craft Australia, Big Lots, 99 cents, and U. P. A. Currently, the company can produce 4,000 sets every day with a manufacturing capacity of 6000 sets.

This Neelam Linens IPO will start on 08 November 2024, and its ‘initial public offering’ will end on 12 November 2024.

Neelam Linens and Garments IPO Overview

The Rs.13 crore new SME IPO comprises a wholly fresh issue of 54.18 lac Shares. 

This upcoming IPO date is from November 08 to November 12, 2024. Neelam Linens and Garments IPO Share price is Rs.20 to Rs.24 for each Share. 

The expected IPO listing date is Monday, 18 November 2024, and listing at NSE and SME.

Neelam Linens and Garments owner-

Bhavin Jethwa is the M.D. of the company.

If You want to apply for the IPO,  Click Here to Open a Demat Account.

How to get an IPO refund?

If you have applied for the IPO but have not been allotted the Shares by the Registrar and now looking for “ what to do if the IPO refund is not received ”, then we have covered the blog which explains the steps to get your IPO refund. Click here to learn the steps.

 

Company Financial


The company’s revenue fell by -0.63% and PAT increased by 3.43% during FYs ending 31 March 2024 and 31 March 2023.

(Amount in Lac)

Period

30 Jun 2024

31 Mar 2024

31 Mar 2023

Total Assets 

12,050.23

12,116.76

9,967.97

Total Revenue

2,195.39

10,474.42

10,541.13

PAT

80.46

246.05

237.88

Net Worth

2,428.80

2,348.34

2,102.30

Total Reserves & Surplus

948.80

868.34

1,362.30

Borrowings

7,566.04

6,964.94

6,534.02

 

Revenue Bifurcation

The revenue bifurcation for various activities is shown below:

(Amount in lac)

Net Cash Flow In Multiple Activities

30 Jun 2024

FY2024

FY2023

Net Cash Flow Operating Activities

373.51 

42.43 

-1,112.49

Net Cash Flow Investing Activities

-255.07

117.43

-290.41

Net Cash Flow Financing Activities

464.21  

-113.48

1,373.64

 

Category-wise Revenue Breakdown  

(Amount in lac)

Particulars

30 Jun 2024

FY2024

FY2023

Bed Sheets

1,046.09

6,949.34

5,120.95

Pillow Pairs

120.15 

354.78 

353.63

Towel

-

75.98

78.34

Hand Towel/Napkin

-

37.99

42.53 

RoDTEP Duty Credit Scrips / Import Licenses

1,013.02

2,815.82

4,760.86

Total

2,179.26

10,233.91

10,356.30

 

Geography-wise Revenue Breakdown 

(Amount in lac)

Particulars

30 Jun 2024

FY2024

FY2023

Domestic sales

1,694.79 

6,217.73 

6,683.12 

USA

484.46 

3,968.53

3,488.95

Australia

-

47.65 

184.24

Burundi (Africa)

-

-

10.31

Total 

2,179.26

10,233.91 

10,356.30

 

State-wise Revenue Breakdown  

(Amount in lac)

Particulars

30 Jun 2024

FY2024

FY2023

Maharashtra 

666.96 

3,293.34 

1,899.61

Gujarat

13.71 

81.96

12.34

Delhi

-

8.43

-

Tamil Nadu 

-

8.80

-

Rajasthan 

-

4.59

-

Telangana 

-

4.13

-

Haryana 

1.10

0.65

-

 

 

The Objective of The Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

  • Financing our company's capital expenditure needs for the acquisition of embroidery machines to grow.

  • Payback in full or in part of some outstanding loans that the company has obtained.

  • General corporate purposes.

 

Peers of Neelam Linens and Garments Ltd.

Company Name

Face Value (Rs.)

EPS (Rs.)

P/E (x)

Loyal Textile Mills Ltd.

10

-89.17

-

Bannari Amman Sugars Ltd.

5

-3.18

-

 

Note:-

The basic EPS of the peers is for the financial year ended on 31 March 2024.

 

Evaluation

The Neelam Linens and Garments India Ltd IPO price is Rs.20 to Rs.24 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 Mar 2024 with an EPS of Rs.1.66 from the last year, the resulting P/E ratio is 14.45x.

Considering the weighted EPS of Rs.1.75 for the last three years, the P/E ratio is 13.71x.

Comparative Analysis With Listed Peers

The average P/E Ratio of the industry is N.A.

 

IPO's Strengths 

  • Investing in cheaper cloth with a higher thread count.

  • A committed workforce and seasoned promoters.

  • Integrated capabilities and infrastructure to provide high-quality products.

IPO’s Weaknesses

  • Reliance on daily wage labor may result in inconsistent workforces and interruptions in output.

  • Flexibility for price adjustments is limited when serving a price-sensitive market.

  • Production's limited scalability may necessitate a large expenditure to increase capacity.

  • Retaining market share is difficult in the retail industry due to fierce rivalry.

  • Changes in export market regulations and economic conditions may affect sales and profitability.

 

Neelam Linens and Garments Limited IPO GMP

Neelam Linens IPO GMP today is Rs.0 as of 04 November 2024. With a price of Rs.24 per Share, the estimated IPO listing price is Rs.24 when writing this information.

IPO Timetable (Tentative)

The IPO opening date is from November 08 to November 12, 2024, with allotment on November 13, refund initiation on November 14, and listing on November 18, 2024.

Events 

Date

IPO Opening Date

November 08, 2024

IPO Closing Date

November 12, 2024

IPO Allotment Date 

November 13, 2024

Refund Initiation 

November 14, 2024

IPO Listing Date

November 18, 2024

 

Neelam Linens and Garments IPO Details

The IPO with a Face Value of Rs.10 per share offers a total issue size of 54,18,000 Shares (Rs.13 Cr).

IPO Opening & Closing date 

November 08, 2024 to November 12, 2024

Face Value 

Rs.10 per Share

Issue Price

Rs.20 to Rs.24 per Share.

Lot Size

6000 Shares

Issue Size

54,18,000 Shares (Rs.13 Cr).

Offer for Sale 

NA.

Fresh Issue 

54,18,000 Shares (Rs.13 Cr).

Listing at

NSE, SME

Issue Type 

Book Built Issue IPO

Registrar 

Purva Sharegistry India Pvt Ltd.

 

Neelam Linens and Garments IPO Lot Details

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (6000 Shares) amounting to Rs.1,44,000 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (12000 Shares) amounting to Rs.2,88,000.

Minimum Lot Investment (Retail) 

1 Lot

Maximum Lot Investment (Retail) 

1 Lot

HNI (Min)

2 Lots


Neelam Linens and Garments IPO Reservation (% of Net Issue)

Institutional’s Portion

50%

Retail’s Portion

35%

Non-Institutional’s Portion

15%

 

Promoters And Management of Neelam Linens and Garments Ltd.

  • Kantilal Jethva

  • Bhavin Jethwa

Pre-Issue Promoter Shareholding

74.18%

Post-Issue Promoter Shareholding

54.29%

 

IPO Lead Managers

  • Expert Global Consultants Private Limited.

Dividend Policy

The company has not paid dividends since its incorporation.

Conclusion

Neelam Linens and Garments IPO is raising Rs.13 crore to increase its production levels and to clear the loan liability. The company has the advantages of high-quality production and export-oriented presence but is also burdened with problems such as low wage dependence and tough market competition. Investors must compare prospects for growth against the threat of market and operational risk.

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

DISCLAIMER:

 This blog is NOT any buy or sell recommendation. No trading advice/suggestion is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.  

Click Here to stay updated with the Upcoming IPOs.

Want to start Your Journey in stock market trading and investment? Join our Stock Market Class to become a beginner to expert trader! We cover everything from the basics of trading to advanced strategies for picking stocks. Plus, we're offering a special discount for women and students. Don't miss out - enroll now and kickstart your path to success in the stock market! Open a world of Stock Market by Opening a Demat Account with your favorite Broking firm & Get a trading Strategy worth Rs.15,000!

Click here to open a Free Demat Account.

Thank You for reading this blog.Hope you loved the IPO analysis. Please Comment Below with your feedback because Your feedback motivates us to deliver more such content.

Follow MUKUL AGRAWAL for the latest IPO news and reviews. You can connect with us on social media platforms like TwitterFacebook, and Instagram. You can also subscribe to our YouTube Channel for the latest videos of the stock.



Frequently Asked Questions

+

November 08 to November 12, 2024

+

The IPO allotment date is November 13, 2024.

+

Rs.20 to Rs.24



Liked What You Just Read? Share this Post:




Viewer's Thoughts

Any Question or Suggestion

Post your Thoughts


SME IPO

Related Blogs

Identical Brains Studios IPO

SME IPO | 12-12- 2024

Identical Brains Studios IPO: ...

Discover key details of Identical Brains Studios IPO, including dates, GMP, strengths, and financials. Stay updated on t...

Continue Reading
NACDAC Infrastructure IPO

SME IPO | 12-12- 2024

NACDAC Infrastructure IPO Date...

Explore the NACDAC Infrastructure IPO with details on IPO date, price, GMP, and expert insights. Stay updated with the l...

Continue Reading
Hamps Bio IPO

SME IPO | 12-12- 2024

Hamps Bio IPO: Date, Price, G...

Get all the details on Hamps Bio IPO: opening date, price, GMP, allotment, and more. Know everything before you invest i...

Continue Reading
Supreme Facility Management IPO

SME IPO | 12-12- 2024

Supreme Facility Management IP...

Discover key details of the Supreme Facility Management IPO (SFM IPO), including date, price, GMP, and more to make info...

Continue Reading
Yash Highvoltage IPO

SME IPO | 11-12- 2024

Yash Highvoltage IPO: Date, Pr...

Get a complete overview of Yash Highvoltage IPO, including dates, price, GMP, financials, strengths, weaknesses, and how...

Continue Reading
Purple United Sales

SME IPO | 10-12- 2024

Purple United Sales IPO: Overv...

Purple United Sales IPO price is Rs.121 to Rs.126. Check IPO allotment status, review, GMP, listing date, share price et...

Continue Reading
for a Chance to Learn Free Technical Analysis
Subscribe on
YouTube
Follow us on
Instagram
Follow Us on
Twitter
Like Us on
Facebook