Welcome to the world of High Thread count Luxurious bedding. High Thread count bedding is used in all the western countries as it is considered to be the status symbol for the riches, as the higher the count the better the fabric. Neelam Linens and Garments India Limited is India’s 1st company to Launch High Thread count bedding as we believe India is no longer behind and the Indian standards and quality matches that of the other western countries and we should deserve better than the rest.

Neelam Linens and Garments, an Book Built Issue amounting to ₹13.00 Crores, consisting entirely an Fresh Issue of 54.18 Lakh Shares. The subscription period for the Neelam Linens and Garments IPO opens on November 08, 2024, and closes on November 12, 2024. The allotment is expected to be finalized on or about Wednesday, November 13, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Monday, November 18, 2024.

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.

Check latest IPO Review & analysis, Live IPO GMP today, Live IPO Subscription Status Today, Share Price, Financial Information and other details before applying in the IPO.

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About Neelam Linens and Garments Limited

Neelam Linens and Garments Limited operate as a soft home furnishing company based out of Maharashtra, India, extending their services to a global clientele, including USA, Australia and Far East. They specialize in the processing, finishing and supplying of bedsheets, Pillow cover, Duvet Cover, Towels, Rugs, Doher, Shirts & Garments predominantly for discounted retail outlets. They 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, they distribute these refined products to discounted retail outlets in diverse countries. 

The business are divided into two parts as under :-
1. Processing and trading of products
2. Sale of licenses

The Company also earns revenue from sale of import licenses. An import license is a governmental authorization required for the importation of goods that are not freely importable. Licenses of this form restrict the number of items entering a country to exactly the requirements of those products and the country’s customs regulations. The government primarily offers the licenses as a financial incentive to exporters, and once granted, they become commodities. Import licenses, which grant the holder the right to import goods that may be restricted or regulated, are considered a service when they are sold or transferred. 

The sale of import license received from government as a part of incentive includes RODTEP (Remission of duties and taxes on export product) and ROSCTL (Rebate of state & central Taxes and Levies). These e-scripts are issued by customs in respect of Remission of embedded local duties & taxes levied on FOB value of the exported goods. As the Company does not import any type of goods, they sale the same to the importer available in the market at a reasonable discount.

As of June 30, 2024, the Company had an employee base of 56 employees. The Banker of the Neelam Linens and Garments is State Bank of India.

Textiles and Apparel industry in India
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 3 rd 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 ₹ 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.

Exports of textiles Ready-made garment (RMG) of all textiles, cotton yarns/fabrics/made-ups/handloom products, man-made yarns/fabrics/made-ups, handicrafts excl. handmade carpets, carpets and jute manufacturing. including floor coverings) stood at US$ 44.4 billion in FY22. India’s RMG exports are likely to surpass US$ 30 billion by 2027, growing at a CAGR of 12-13%. During (AprilMarch) 2022-23, the total exports of textiles stood at US$ 36.68 billion. Textile exports reached US$ 44.4 billion in FY22, a 41% YoY growth.

NEELAM LINENS AND GARMENTS LIMITED COMPETITIVE STRENGTHS 
1. Purchase of higher quality thread count fabric at lower price.
2. Experienced promoters and dedicated employee base
3. Infrastructure and Integrated capabilities to deliver quality Products 

NEELAM LINENS AND GARMENTS LIMITED STRATEGIES
1. Selling directly to customers via their own stores.
2. Continue improving financial performance through focus on operational and functional efficiencies
3. Continue to add to product portfolio by introducing new products.
4. Improving & maintaining functional efficiencies

NEELAM LINENS AND GARMENTS LIMITED RISK FACTORS & CONCERNS
1. The business predominantly focuses on bedsheets, which makes them particularly susceptible to fluctuations in demand.
2. The majority of the business of sale of licenses of the company occurs from the trading activity.
3. A significant portion of their sales are derived from India.
4. They have only one production unit that is located in Bhiwandi.
5. Their production processes depend on the outsourcing of dyeing services, and they operate without any agreements.