Neelam Linens And Garments (India) Limited

08 Nov 2024 - 12 Nov 2024 Individual Category IPO NSE

Min Investment

₹240000

Price Band

₹20-₹24

Issue Size

38.82 lakhs
Equity Shares

Lot Size

6000 (per lot)

IPO Dates
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08 Nov 2024

Open Date

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12 Nov 2024

Close Date

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13 Nov 2024

Allotment Date

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18 Nov 2024

Listing Date

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.

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About 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.

Founded

2010

Managing Director

Kantilal Jethva and Bhavin Jethwa

Parent Organization

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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