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Neelam Linens and IPO
Price Band
₹20.0–24.0
Issue Size
₹13.0 Cr
Lot Size
6,000 shares
Min Investment
₹144,000
GMP
+₹14.0 (58.33%)
Issue Price
₹24.0
Subject to Sauda
₹63800
Paid only if allotted
Neelam Linens and IPO AI Summary
- Neelam Linens and IPO is listed on NSE SME in the Other Textile Products sector.
- Price band: ₹20.0–₹24.0 per share, lot size 6,000 shares (min. investment ₹144,000).
- Subscription window: 08 Nov–12 Nov 2024, listing on 18 Nov 2024.
- Current GMP is +₹14.0 (58.33%), an estimated listing price of ₹38 — unofficial and can change daily.
Neelam Linens and Garments (India) Ltd is an SME IPO focused on manufacturing and exporting home fashion products. With a competitive pricing strategy and a diverse client base, the company aims to expand its operations through the proceeds from this IPO.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Neelam Linens and IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 12 Nov 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Neelam Linens and IPO Grey Market Premium (GMP) Today
GMP
+₹14.0
GMP %
+58.33%
Est. Listing
₹38.0
Updated: 25 Jul 2026 14:03
About the Company
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: Purchase of higher quality thread count fabric at a lower price. Experienced promoters and dedicated employee base.
Company Financials (₹ Cr)
As of 2024-06-30
| 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 |
Key Ratios
EPS
₹1.66
NAV
₹16.41
ROE
2.99%
ROCE
3.84%
RoNW
3.31%
P/B Value
1.46
P/E Ratio
14.44
Market Cap
₹48.52 Cr
PAT Margin
3.69%
Debt/Equity
3.12
Peer Comparison
| Company | NAV | RoNW | EPS Basic | EPS Diluted |
|---|---|---|---|---|
| Bannari Amman Spinning Mills Ltd. | 58.55 | -6.91% | -3.18 | -3.18 |
| Loyal Textile Mills Ltd. | 603.31 | -14.78% | -89.17 | -89.17 |
| Neelam Linens and Garments (India) Ltd This IPO | 15.87 | 10.48% | 1.66 | 1.66 |
Promoters
Kantilal Jethva and Bhavin Jethwa
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ 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
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹80.18 Cr in the year ending 31 Mar 2021, rising to ₹103.80 Cr by 31 Mar 2022, and further increasing to ₹105.41 Cr by 31 Mar 2023. However, total income decreased to ₹104.74 Cr for the year ending 31 Mar 2024, and was ₹21.95 Cr as of 30 Jun 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹0.42 Cr in the year ending 31 Mar 2021, increasing to ₹2.99 Cr by 31 Mar 2022, and further rising to ₹2.38 Cr by 31 Mar 2023. Profit After Tax then increased to ₹2.46 Cr for the year ending 31 Mar 2024, and was ₹0.80 Cr as of 30 Jun 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
At the issue price of ₹24.0, Neelam Linens and Garments (India) Ltd has an implied P/E ratio of approximately 14.44, compared to peers trading at a range of -89.17 to -3.18.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO compared to its issue price. A positive GMP suggests that the IPO is likely to list at a higher price than its issue price, while a negative GMP indicates the opposite. Investors often use GMP as a gauge of market sentiment towards the IPO.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's growth potential and market conditions.
Who May Want to Wait
Investors who are risk-averse or prefer stable, established companies may want to avoid this IPO, especially given its recent financial performance and market uncertainties.
IPO Timeline, Explained
The IPO opens for subscription on 8th November 2024 and closes on 12th November 2024. Allotment of shares will be done on 13th November 2024, and the shares are expected to be listed on the stock exchange on 18th November 2024.
Listing Gains — The Risk
Listing-day gains can be unpredictable and depend on various factors, including market conditions and investor sentiment. While some IPOs may experience significant gains on their first day of trading, others may not perform as well. Investors should be prepared for potential volatility.
This evaluation is generated from Neelam Linens and's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Neelam Linens and IPO GMP today?
Neelam Linens and IPO GMP today is +₹14.0 (58.33%), indicating an estimated listing price of ₹38. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Neelam Linens and IPO?
The price band of Neelam Linens and IPO is ₹20.0–₹24.0 per share.
When does Neelam Linens and IPO open and close?
Neelam Linens and IPO opens on 08 November 2024 and closes on 12 November 2024.
When does Neelam Linens and IPO list on the stock exchange?
Neelam Linens and IPO listed on 18 November 2024 at ₹38.0.
What is the lot size for Neelam Linens and IPO?
The lot size for Neelam Linens and IPO is 6000 shares, requiring a minimum investment of ₹144,000.
What is the issue price of Neelam Linens and Garments (India) Ltd?
The issue price is ₹24.0.
What is the minimum investment amount?
The minimum investment amount is ₹144,000.
What is the lot size for this IPO?
The lot size is 6,000 shares.
When is the listing date for the shares?
The listing date is 18th November 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
08 Nov 2024
Close
12 Nov 2024
Allotment
13 Nov 2024
Listing
18 Nov 2024
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