| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹13.00 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹13.00 Cr |
| Fresh Issue | ₹12.34 Cr |
| Face Value | โน10 Per Equity Share |
| Price Band | โน20.00-24.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | NEELAM |
| Registrar | Purva Sharegistry (India) Pvt.Ltd. |
| Lead Managers |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 6,000 shares and in multiples thereof
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:
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (โน 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 |
| 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 | |||||
| KPI | Jun 30, 2023 |
|---|---|
| ROE | 2.99% |
| ROCE | 3.84% |
| Debt / Equity | 3.12% |
| RoNW | 3.31% |
| PAT Margin | 3.69% |
| Price to Book Value | 1.46 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (โน) | 1.66 | 1.59 |
| P/E (x) | 14.44 | 15.08 |
| Promoter Holding | 74.18% | 54.29% |
| Market Cap | โน48.52 Cr. | |