The Share price band of Neelam Linens and Garments IPO is set at ₹20 to ₹24 per equity share. The Market Capitalisation of the Neelam Linens and Garments Limited at IPO price of ₹24 per equity share will be ₹48.52 Crores. The lot size of the IPO is 6,000 shares. Retail investors are required to invest a minimum of ₹1,44,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (12,000 shares), amounting to ₹2,88,000.

EXPERT GLOBAL CONSULTANTS PRIVATE LIMITED is the book-running lead manager while PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED is the registrar for the Issue. Globalworth Securities Limited is the Market Maker for the Neelam Lines and Garments IPO.

Neelam Linens and Garments Limited IPO GMP Today
The Grey Market Premium of Neelam Linens and Garments Limited IPO is expected to be ₹0 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Neelam Linens and Garments Limited IPO Live Subscription Status Today: Real-Time Updates
As of 07:00 PM on 12 November 2024, the Neelam Linens and Garments IPO live subscription status shows that the IPO subscribed 92 times on its Final day of subscription period. Check the Neelam Linens and Garments IPO Live Subscription Status today at NSE.

Neelam Linens and Garments IPO Anchor Investors Report
Neelam Linens and Garments has raised ₹3.68 Crores from Anchor Investors at a price of ₹24 per shares in consultation of the Book Running Lead Managers. The company allocated 15,36,000 equity shares to the Anchor Investors. Check Full List of Neelam Linens and Garments Anchor Investor List.

Note:- Equity Shares allotted to Anchor Investors (if any) are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band in case of Book Building Issue, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion. 

Neelam Linens and Garments Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online s
Neelam Linens and Garments IPO allotment date is 13 November, 2024, Wednesday. Neelam Linens and Garments IPO Allotment will be out on 13th November 2024 and will be live on Registrar Website from the allotment date. Check Neelam Linens and Garments IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Neelam Linens and Garments Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Neelam Linens and Garments Limited IPO
Neelam Linens and Garments Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
1. ₹557.41 Lakhs is required for the Funding capital expenditure requirement of their Company towards purchase of Embroidery Machines for expansion;
2. ₹400.00 Lakhs is required for the Prepayment or repayment of all or a portion of certain outstanding borrowings availed by their Company;
3. General corporate purposes;

Refer to Neelam Linens and Garments Limited RHP for more details about the Company.