Neelam Linens and Garments (India) Ltd IPO
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Neelam Linens and Garments (India) Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 54.18 L | TBA | ₹ 18 L | ₹ 109.78 L | NSE | ₹ 13 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 08 Nov, 24 | 12 Nov, 24 | 6000 | ₹ 1,20,000 | Book Building - SME | 18 Nov, 24 |
Neelam Linens and Garments (India) Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Textiles - Products |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 6.19x | 2568000 | 15894000 |
| NII | 273.82x | 774000 | 211938000 |
| Retail | 57.84x | 1800000 | 104106000 |
| Employee | 0x | 0 | 0 |
| Total | 61.27x | 5418000 | 331938000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Neelam Linens and Garments (India) Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 4.77 | 3.91 | 5.17 |
| EBITDA | 6.38 | 4.52 | 6.44 |
| PAT | 2.46 | 2.38 | 2.99 |
| Total Assets | 104.23 | 80.10 | 61.40 |
| Share Capital | 14.80 | 7.40 | 0.20 |
| Total Borrowings | 46.95 | 44.20 | 32.62 |
| Operating Activities (Net Cash) | 4.07 | 2.99 | 4.26 |
| Investing Activities (Net Cash) | 0.00 | 0.00 | 0.00 |
| Financing Activities (Net Cash) | 46.95 | 44.20 | 32.62 |
| Net Cashflow | 2.16 | 1.69 | 1.98 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Neelam Linens and Garments (India) Ltd
Our Company was incorporated as private limited Company under the name Neelam Linens and Garments (India) Private Limited, under the provisions of the Companies Act, 1956 and Certificate of Incorporation was issued by the Registrar of Companies, Mumbai on September 22, 2010. The status of the Company was changed to public limited and the name of our Company was changed to Neelam Linens and Garments (India) Limited vide Special Resolution dated August 12, 2022. The fresh certificate of Incorporation consequent to conversion was issued on September 01, 2022 by the Registrar of Companies, Mumbai. The Corporate Identity Number of our Company is U17299MH2010PLC208010.
India is the world's second largest producer of textiles and garments. It is also the sixth largest exporter of textiles spanning apparel, home and technical products. India has a 4.6% share of the global trade in textiles and apparel. India is the world's 3rd largest exporter of Textiles and Apparel. The textiles and apparel industry contributes 2.3% to the country's GDP, 13% to industrial production and 12% to exports. The textile industry has around 45 million workers employed in the textiles sector, including 3.5 million handloom workers. India's textile and apparel exports (including handicrafts) stood at US$ 44.4 billion in FY22, a 41% increase YoY. The Indian textile industry has made a mark in the world with its innovative and attractive products. Total textile exports are expected to reach US$ 65 billion by FY26. The Indian textile and apparel industry is expected to grow at 10% CAGR from 2019-20 to reach US$ 190 billion by 2025-26. The Rs. 10,683 crore (US$ 1.44 billion) PLI scheme is expected to be a major boost for textile manufacturers. The scheme proposes to incentivize MMF (man-made fibre) apparel, MMF fabrics and 10 segments of technical textiles products.
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.
Peer Comparison:
- Loyal Textile Mills Ltd
- Bannari Amman Spinning Mills Ltd
Neelam Linens and Garments (India) Ltd IPO Key Points
Strengths
- 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
- 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.
Strategy
- Selling directly to customers via our own stores.
- Continue improving financial performance through focus on operational and functional efficiencies.
- Continue to add to product portfolio by introducing new products.
- Improving & maintaining functional efficiencies.
- Purchase of higher quality thread count fabric at lower price.
- Experienced promoters and dedicated employee base.
- Infrastructure and Integrated capabilities to deliver quality Products.
How To Apply for Neelam Linens and Garments (India) Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.