Issue Price
₹ 20-₹ 24
per equity share
Issue Size
54.18 lakhs
equity share
Face Value
₹ 10
per equity share
Market Lot
6000
equity share
Please note
Listing at NSE
Neelam Linens And Garments (India) Limited
Important Dates
IPO Open Date
08 Nov 2024
IPO Close Date
12 Nov 2024
Allotment Date
13 Nov 2024
Initiation of Refunds
14 Nov 2024
Credit of Shares to Demat Account
14 Nov 2024
IPO Listing Date
18 Nov 2024
UPI Mandate Expiry Date
12 Nov 2024
IPO Details
Neelam Linens and Garments IPO issue size is 54.18 lakh equity shares. This IPO is a entirely a fresh issue. The price band is decided at Rs 20 to Rs 24 per share. Neelam Linens and Garments IPO 1 lot consists of 6000 shares. The minimum investment for the retail category is to be around Rs 144,000. The allotment status will be released on Wednesday, November 13, 2024. The listing will be on the NSE SME platform on Monday, November 18, 2024. Neelam Linens and Garments IPO registrar is Purva Sharegistry India Private Limited. On the date of allotment, Investors can visit on Purva Sharegistry India Private Limited website and, select the name of the company and enter PAN number or application ID to know their allotment status.
Seize the deal, apply for IPO today!
Apply for IPOAbout Neelam Linens And Garments (India) Limited
Neelam Linens and Garments (India) Limited founded in 2010, based in Maharashtra, specializes in high-quality soft home furnishings and fashion apparel. The company is renowned for its luxurious high thread count bedding, catering to both domestic and international markets. Neelam Linens exports to major retailers like TJX and Amazon, emphasizing competitive pricing and superior quality. The company is set to launch an IPO from November 8 to November 12, 2024, aiming to raise INR 13 crores for expanding its embroidery capabilities and reducing debt. With a robust production capacity of up to 6,000 units daily, Neelam Linens combines traditional craftsmanship with modern technology to meet diverse customer needs globally.
Parent Organisation
-
Founded
2010
Managing Director
Kantilal Jethva and Bhavin Jethwa
IPO Objectives
The company intends to utilize the proceeds of the issue to fund the capital expenditure for the purchase of embroidery machines for expansion, to prepay or repay certain outstanding borrowings, and for general corporate purposes.
How to apply for IPO
- Login to your Bigul account and select the issue in the current IPO section
- Enter the number of lots and price at which you wish to apply for
- Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
- You will receive a mandate notification to block funds in your UPI app
- Approve the mandate request on your UPI and funds will be blocked
Open Demat Account in 5 Minutes
Keep these documents ready
PAN Card | Aadhaar Card | Bank Account Number
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