Neelam Linens and Garments (India) Limited
ListedSMEConsumer Discretionary · NSE
Neelam Linens and Garments (India) Limited, incorporated in September 2010, specializes in soft home furnishings and garment products, offering bedsheets, pillow covers, duvet covers, towels, and more. The company caters to both domestic and international markets, supplying to retailers like Vijay Sales, Amazon, Meesho, TJX, Big Lots, and LinCraft Australia. Operating two manufacturing units in Bhiwandi, Maharashtra, it produces around 4,000 sets per day with a maximum capacity of 6,000 sets. As of May 15, 2024, the company employs 58 people through a mix of payroll staff and daily wage workers.
Price Band
₹20 – ₹24
Issue Size
₹13.00 Cr
Lot Size
6000 shares
GMP
₹14
+58.3%
Est. Listing
₹38
at current GMP
Subscribed
92.05x
overall
Open
8 Nov 2024
Close
12 Nov 2024
Allotment
13 Nov 2024
Refund
14 Nov 2024
Demat Credit
15 Nov 2024
Listing
18 Nov 2024
Last updated 12 days ago
Key Highlights
- •Leading player in the Consumer Discretionary segment
- •Price band established at ₹20 - ₹24 per equity share
- •Minimum bid lot is 6000 shares
- •Estimated listing target of ₹38 based on current grey market activity