The Neelam Linens and Garments IPO opened on November 8, 2024, and will close on November 12, 2024. The company is aiming to raise ₹13 crores through this IPO. The price band is set at ₹20 to ₹24 per share. Below is a summary of important IPO details:
- Retail Quota: 35%
- Qualified Institutional Buyers (QIB): 50%
- Non-Institutional Investors (NII): 15%
The minimum market lot is 6,000 shares, which amounts to an application of ₹144,000. This IPO is an SME IPO and will be listed on the NSE.
About Neelam Linens and Garments
Neelam Linens and Garments Ltd is a manufacturer and exporter of premium home soft furnishings, based in Maharashtra, India. The company is well known for introducing high-thread-count bedding in India. They specialize in bedsheets, pillowcases, duvet covers, towels, rugs, doilies, shirts, and garments. Neelam Linens serves a wide range of clients, including domestic customers such as Amazon, Meesho, and Vijay Sales, as well as international clients in Australia, the USA, and the Far East.
Neelam Linens also earns revenue by selling import licenses, a service required for importing restricted goods.
Financial Highlights
- FY 2023-24: ₹5,922.12 lakhs
- FY 2022-23: ₹10,356.30 lakhs
- FY 2021-22: ₹10,152.67 lakhs
- FY 2020-21: ₹7,819.71 lakhs
Neelam Linens and Garments IPO Subscription Status – Day 2
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.00 | 0.00 | 0.00 |
| NII | 0.94 | 2.36 | 0.00 |
| RII | 4.93 | 10.74 | 0.00 |
| Total | 2.66 | 5.87 | 0.00 |
How to Apply for the Neelam Linens and Garments IPO
Investors can apply for the Neelam Linens and Garments IPO via the following methods:
- ASBA: Through your bank account by applying via ASBA.
- Non-ASBA: Download the IPO form, fill it out, and submit it to your broker or bank.
How to Apply via Popular Platforms
- Zerodha: Log in to your Zerodha console, go to the portfolio section, select the IPO, enter details, and submit via UPI.
- Upstox: Log in to Upstox, select the IPO, confirm the details, and approve the mandate via UPI.
- Paytm Money: Log in to the Paytm Money app, select the IPO, confirm the application, and approve via UPI.
Neelam Linens and Garments IPO FAQs
1. When does the subscription for Neelam Linens and Garments IPO start and end?
- The subscription opened on November 8, 2024, and closes on November 12, 2024.
2. How can I subscribe to the IPO?
- You can apply through ASBA by using your bank account or via the Non-ASBA method by submitting IPO forms.
3. How do I check the live subscription status?
- Check our website for real-time updates or visit the official IPO page for subscription details.
4. How do I apply for the IPO through Zerodha?
- Log in to Zerodha, go to the IPO section, and submit your bid. Approve the application via your UPI app.
5. What is the price band for the Neelam Linens and Garments IPO?
- The price band for this IPO is ₹20 to ₹24 per share.
IPOWatch Recommendation
We recommend applying for the Neelam Linens and Garments IPO with a long-term view. Review the latest subscription numbers across QIB, NII, and Retail categories before making a final decision.
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