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.

What is the current subscription status of Neelam Linens and Garments (India) Limited IPO?

Neelam Linens and Garments (India) Limited IPO has received a total subscription of 92.05 times overall.

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 Subscription Status Allotment Status Filing Documents

Overall Subscription

92.05x

Total Demand

QIB Multiplier

15.40x

Institutions & Funds

NII / HNI

273.82x

High Net-Worth

Retail (RII)

57.84x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 92.05x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	1,032,000	15,894,000	15.40x
NIB	774,000	211,938,000	273.82x
RETAIL	1,800,000	104,106,000	57.84x
Total	3,606,000	331,938,000	92.05x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Category	Applications Reserved	Applications Received	Times Subscribed
QIB	—	8	0.00x
NIB	—	1,344	0.00x
RETAIL	—	17,351	0.00x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

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.

Bidding & Quota Instructions:

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.

Allotment Reconciliation Schedule:

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 is Neelam Linens and Garments (India) Limited IPO GMP today?

The latest Grey Market Premium (GMP) for Neelam Linens and Garments (India) Limited IPO is ₹14 per equity share. Based on the upper price band of ₹20 to ₹24 per equity share, the estimated listing price is ₹38 (+58.3% expected listing gain).

What is the expected profit per lot for Neelam Linens and Garments (India) Limited IPO?

With a lot size of 6000 shares and current GMP of ₹14, the expected profit per application lot is approx ₹84,000 (+58.3% gain). Minimum application cost is approx ₹1,44,000.

What is the issue size and price band for Neelam Linens and Garments (India) Limited IPO?

The Neelam Linens and Garments (India) Limited IPO aggregate issue size is ₹13 Crores with an equity price band set at ₹20 to ₹24 per equity share. The retail lot size is 6000 shares requiring a minimum capital outlay of approx. ₹1,44,000.

How can I check Neelam Linens and Garments (India) Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 92.05x (Retail: 57.84x, QIB: 15.40x, NII: 273.82x). You can track live multiples directly on our dedicated subscription page.

Where and when will Neelam Linens and Garments (India) Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Purva Sharegistry India Private Limited) and the BSE status verification website on or around 2024-11-13. Investors can verify status using PAN card or application number.

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

Neelam Linens and Garments (India) Limited shares are scheduled to list on NSE on 2024-11-18.