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Neelam Linens and Garments (India) IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in Mumbai and caters to Textiles sector. Expert Global Consultants Private is the merchant banker of Neelam Linens and Garments (India) IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 24th May 2024.
Neelam Linens and Garments (India) IPO open date is 8th November 2024 and close date is 12th November 2024. IPO Allotment Date is 13th November 2024 and Listing date is 18th November 2024.Neelam Linens and Garments (India) IPO size is Rs 13.00 Cr. crores with IPO price of Rs 24.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Expert Global Consultants Private Limited is the book-running lead manager of the Neelam Linens and Garments (India) IPO. Purva Sharegistry India Private Limited is the Registrar and Market Maker is Globalworth Securities Limited for Neelam Linens and Garments (India) IPO.
Neelam Linens and Garments (India) IPO anchor investors are the below investors. The number of anchor investors in this IPO is 2.
| Anchor Investor Name | No. of shares Allotted | Offer Price (in Rs.) | Amount Invested (in Rs.) |
|---|---|---|---|
| Leading Light Fund | 768,000.00 | ₹24.00 | ₹18,432,000.00 |
| Saint Capital Fund | 768,000.00 | ₹24.00 | ₹18,432,000.00 |
Neelam Linens and Garments (India) IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Neelam Linens and Garments (India) IPO, based in Mumbai, operates in the Textiles sector with a focus on manufacturer and exporter of high-end soft home fashion. The company is launching its SME IPO on the NSE EMERGE exchange, using the Book Building Issue method. Neelam Linens and Garments (India) IPO size is ₹ 13.00 Cr. Crores with fresh issue size of Rs 13.00 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for Neelam Linens and Garments (India) IPO is expected to be 13th November 2024, after the finalization of basis of allotment. Investors can check Neelam Linens and Garments (India) IPO allotment status on the registrars website, Purva Sharegistry India Private Limited. Neelam Linens and Garments (India) IPO refund dates are 14th November 2024.
Neelam Linens and Garments (India) IPO is expected to be listed on 18th November 2024.
The upper price band for the Neelam Linens and Garments (India) IPO is set at ₹ 24.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Neelam Linens and Garments (India) IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Neelam Linens and Garments (India) IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 12th November 2024. After submission, funds are blocked until the basis of allotment of Neelam Linens and Garments (India) IPO is finalised.
The merchant banker for Neelam Linens and Garments (India) IPO is Expert Global Consultants Private Limited . Expert Global Consultants Private Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Neelam Linens and Garments (India) IPO RHP for further details.
The registrar for Neelam Linens and Garments (India) IPO is Purva Sharegistry India Private Limited. Investors can go to Purva Sharegistry India Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Neelam Linens and Garments (India) IPO through their official website or helpline.
Neelam Linens and Garments (India) IPO was subscribed 91.97 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 13.00 Cr.
Avg IPO Size (Sector Based)
:
₹ 15.70 Cr.
Sector: Textiles
SME IPO so far:
76
Merchant Banker:
Expert Global
SME IPO by BRLM so far:
47
City:
Mumbai
SME IPO so far:
280
Revenue (annualised):
₹ 87.80 cr.
PE
Ratio:
15.08x
Average Sector PE Ratio: 19.35x
Neelam Linens and Garments (India) IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Neelam Linens and Garments (India) Financial Review Page
Merchant Banker(s) of Neelam Linens and Garments (India) IPO: Expert Global Consultants Private Limited
Neelam Linens and Garments (India) IPO subscription was 91.97 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Neelam Linens and Garments (India) IPO listed at a listing price of 38.05 against the offer price of 24.00.
The current market price of Neelam Linens and Garments (India) is 25.00.
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