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Neelam Linens and Garments (India) Ltd

Neelam Linens and Garments (India) Ltd IPO

IPO Price Range: ₹20 - 24

We operate as a soft home furnishing company based out of Maharashtra, India, extending our services to a global clientele, including USA, Australia and Far East. We specialize in the processing, finishing and supplying of bedsheets, Pillow cover, Duvet Cover, Towels, Rugs, Doher, Shirts & Garments predominantly for discounted retail outlets. We source surplus or slightly imperfect fabric from the domestic market, applying value-added services such as designing, digital printing, dyeing, stitching, embroidery, and other enhancements. Subsequently, we distribute these refined products to discounted retail outlets in diverse countries.

Min Investment

₹1,44,000

IPO Size

₹13 Cr

IPO Status

Closed

Quantity in 1 Lot

6000

Max Bid allowed

1

Listing Exchange

NSE

IPO Application Timeline of Neelam Linens and Garments (India) Ltd

Open Date8 Nov 2024
Close Date12 Nov 2024
Allotment Date13 Nov 2024
Listing Date18 Nov 2024

Key Statistics

Bid Opening DateBid Opening Date8 Nov 2024
Bid Closing DateBid Closing Date12 Nov 2024
Allotment DateAllotment Date13 Nov 2024
Issue SizeIssue Size₹13Cr
Quantity in 1 lotQuantity in 1 lot6000

Strength and risks

Strength

Strength

  • Purchase of higher quality thread count fabric at lower price.

  • Experienced promoters and dedicated employee base.

  • Infrastructure and Integrated capabilities to deliver quality Products.


Risk

Risk

  • Its business predominantly focuses on bedsheets, which makes the company particularly susceptible to fluctuations in demand. Any shifts in consumer preferences have the potential to significantly impact its business, as well as influence its operational outcomes and financial standing.

  • A majority of its supplies for the company operations are obtained from a limited number of suppliers.

  • The company is dependent on a few customers for a major part of its revenues. Further the company does not enter into long-term arrangements with its customers could adversely affect its business and results of operations.

  • The majority of the business of sale of licenses of our company occurs from the trading activity.

  • The Company and the promoters does not have enough documentary evidence for the Capital Built-up of the Company.

  • A significant portion of its sales are derived from India and any adverse developments in this market could adversely affect its business.

  • The company has only one production unit that is located in Bhiwandi and any localized social unrest, natural disaster or breakdown of services or any other natural disaster in and around Ahmednagar or any disruption in production at, or shutdown of, its production unit could have material adverse effect on the companys business and financial condition.

  • Its success depends on third party logistics and transportation infrastructure. Disruption of logistics and transportation services could impair the ability of its suppliers to deliver raw materials or the companys ability to deliver products to its customers and/ or increase the company transportation costs, which may adversely affect its operations.

  • If the company is unable to maintain an optimal level of inventory, its business, results of operations and financial condition may be adversely affected.

  • Its business is exposed to foreign exchange rate related fluctuations.

Promoters Holding

Investors Holdings %
Kantilal Jethva8.38%
Bhavin Jethwa55.32%
Manjula Jethva5.24%
Janki Jethva5.24%

About Neelam Linens and Garments (India) Ltd

OrganisationNeelam Linens and Garments (India) Ltd
HeadquartersMumbai
IndustryTextiles

Frequently Asked Questions

  • What is the size of the Neelam Linens and Garments (India) Ltd IPO?

    The size of the Neelam Linens and Garments (India) Ltd IPO is ₹13Cr .

  • What is 'pre-apply' for Neelam Linens and Garments (India) Ltd IPO?

    'Pre-apply' for Neelam Linens and Garments (India) Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.

  • When will my Neelam Linens and Garments (India) Ltd IPO order be placed?

    Your Neelam Linens and Garments (India) Ltd IPO order will be placed on 8 Nov 2024.

  • What are the open and close dates of the Neelam Linens and Garments (India) Ltd IPO?

    The open and close dates of the Neelam Linens and Garments (India) Ltd IPO are 8 Nov 2024 to 12 Nov 2024.

  • What is the lot size and minimum order quantity of the Neelam Linens and Garments (India) Ltd IPO?

    The lot size and minimum order quantity of the Neelam Linens and Garments (India) Ltd IPO are 6000 and 6000 respectively.

  • What would be the listing gains on the Neelam Linens and Garments (India) Ltd IPO?

    The potential listing gains on the Neelam Linens and Garments (India) Ltd IPO will depend on various market factors and cannot be predicted with certainty.