What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Neelam Linens and Garments (India) Limited IPO allotment date?

The basis of allotment for Neelam Linens and Garments (India) Limited IPO is scheduled to be finalized on 13 Nov 2024.

Where can I check Neelam Linens and Garments (India) Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Purva Sharegistry India Private Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 14 Nov 2024.

IPO GreyPremiumLIVE

Grey Market Intelligence

Neelam Linens and Garments (India) Limited

ListedSME

Consumer 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

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

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Neelam Linens and Garments (India) Limited Allotment Status

Designated Registrar: Purva Sharegistry India Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

13 Nov 2024

Basis finalization

Refunds Initiate

14 Nov 2024

Mandate release

Demat Credit

15 Nov 2024

Shares in demat

Listing Debut

18 Nov 2024

Trading begins

About Neelam Linens and Garments (India) Limited Public Issue & Market Profile

Neelam Linens and Garments (India) Limited is bringing an initial public offering (IPO) in the Consumer Discretionary sector with an aggregate issue size of ₹13 Crores. The shares are offered at a price band of ₹20 to ₹24 per equity share on NSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Public Issue & Allotment Procedure:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 6000 shares (approx. ₹1,44,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Official Allotment Timelines & Registrar Guidance:

Allotment reconciliation will be managed by Purva Sharegistry India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-11-15, while un-allotted funds or UPI block mandates will be released on 2024-11-14.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.