Neelam Linens and Garments (India) SME IPO Details, Financials, Valuation & Peers
Explore Neelam Linens and Garments (India) IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
Neelam Linens and Garments (India) Limited, incorporated in 2010 and headquartered in Mumbai, Maharashtra, specializes in the processing, finishing, and distribution of soft home furnishings and fashion apparel. The company’s product range includes bedsheets, pillow covers, duvet covers, towels, rugs, dohars, and garments, primarily catering to discounted retail outlets across global markets, including the USA, Australia, and the Far East. With manufacturing units located in Bhiwandi, Maharashtra, Neelam Linens enhances surplus and slightly imperfect fabrics through processes like digital printing, dyeing, and embroidery to create unique and affordable textile solutions. The company also generates revenue from the sale of import licenses, which serve as commodities in the export sector.
Key Points:
- Business Segments: Focuses on two main areas—product processing and trading, as well as the sale of import licenses.
- Manufacturing and Processing: Facilities located in Bhiwandi, Thane, Maharashtra, equipped for fabric cutting, stitching, quality control, and packing.
- Product Portfolio: Offers soft furnishings like bedsheets and towels, and recently diversified into men’s and women’s fashion apparel.
- Clientele: Supplies products to discounted retail outlets in various international markets, including the USA, Australia, and the Far East.
- Import License Sales: Sells import licenses as financial incentives provided by the government, capitalizing on this revenue stream.
- In-House Production: Expanded operations in 2023 to include in-house production of apparel, enhancing product quality and design customization.
Objects of the Issue
- Funding capital expenditure requirement of the Company towards purchase of Embroidery Machines for expansion
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company
- General corporate purposes
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 08 Nov - 12 Nov 2024 |
| IPO Price Band | ₹20 - ₹24 per share |
| Fresh Issue | ₹13 crore |
| Offer For Sale | NIL |
| Total IPO Size | ₹13 crore |
| Face Value | ₹10 |
| Listing On | NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 08 Nov 2024 |
| IPO Closing Date | 12 Nov 2024 |
| Basis Of Allotment | 13 Nov 2024 |
| Refunds | 14 Nov 2024 |
| Demat Transfer | 14 Nov 2024 |
| IPO Listing Date | 18 Nov 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Jun 2024 |
|---|---|---|---|---|
| Total Income | 103.80 | 105.41 | 104.74 | 21.95 |
| Total Expenses | 99.90 | 102.11 | 101.58 | 20.74 |
| Net Profit/Loss | 2.99 | 2.38 | 2.46 | 0.80 |
| NPM (*) | 2.94 | 2.30 | 2.40 | 3.69 |
| Total Assets | 78.60 | 99.68 | 121.17 | 120.50 |
| Total Liabilities | 63.92 | 78.66 | 97.68 | 96.21 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Jun 2024 |
|---|---|---|---|---|
| EPS | 2.20 | 1.65 | 1.66 | 0.54 |
| ROE (%) | 22.63 | 13.32 | 10.48 | 2.99 |
| ROCE (%) | 16.74 | 13.64 | 13.69 | 3.84 |
| D/E Ratio | 3.48 | 3.11 | 2.97 | 3.12 |
| Current Ratio | 1.64 | 1.87 | 1.78 | 1.90 |
| EBITDA MARGIN (%) | 5.85 | 6.30 | 7.63 | 12.99 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Neelam Linens and Garments (India) Limited | 102.34 | 14.46 | 1.66 | 10.48 | 15.87 |
| Loyal Textile Mills Limited | 939.19 | Negative | -89.17 | -14.78 | 603.31 |
| Bannari Amman Spinning Mills Limited | 923.52 | Negative | -3.18 | -6.91 | 58.55 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
IPO Reservation
| Investor Type | Shares Offered |
|---|---|
| Qualified Institutional Buyer (QIB) | Not more than 50% |
| Non-Institutional Investor (NII/HNI) | Not less than 15% |
| Retail Individual Investor (RII) | Not less than 35% |
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 15.4 |
| Non-Institutional Investor (NII/HNI) | 273.47 |
| Retail Individual Investor (RII) | 57.82 |
| Total | 91.97 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Purva Sharegistry (India) Private Limited
Phone: +91 022 4961 4132/3190 8810
Email: newissue@purvashare.com
Website: www.purvashare.com
Company Promoters
- KANTILAL JETHVA
- BHAVIN JETHWA
Lead Managers
- EXPERT GLOBAL CONSULTANTS PRIVATE LIMITED
Company Address
Neelam Linens and Garments (India) Limited
446-447, 4th Floor, Shah & Nahar Industrial Estate Sitaram Jadav Marg, Lower Parel, Delisle Road, Mumbai- 400013, Maharashtra, India
Phone: +91 22 2494 2454
Email: compliance@neelamgarments.com
Website: www.neelamgarments.com
FAQs
- What is the issue size of the Neelam Linens and Garments (India) SME IPO?The Neelam Linens and Garments (India) SME IPO has an issue size of ₹13 crore. This includes a fresh issue of ₹13 crore and an offer for sale (OFS) of NIL.
- What is the price band of the Neelam Linens and Garments (India) IPO?The price band for the Neelam Linens and Garments (India) IPO is ₹20 - ₹24 per share.
- What are the bidding dates for the Neelam Linens and Garments (India) IPO?The Neelam Linens and Garments (India) IPO will open for bidding on 08 Nov 2024 and close on 12 Nov 2024.
- What is the allotment date for the Neelam Linens and Garments (India) IPO?The allotment date for the Neelam Linens and Garments (India) IPO is 13 Nov 2024.
- What is the minimum lot size and investment required for the Neelam Linens and Garments (India) IPO?The minimum lot size for the Neelam Linens and Garments (India) IPO is 6000 shares and the minimum investment required is ₹1,44,000.
- What is the listing date for the Neelam Linens and Garments (India) IPO?The listing date for the Neelam Linens and Garments (India) IPO is 18 Nov 2024.
- What is the Neelam Linens and Garments (India) IPO grey market premium?The grey market premium (GMP) for the Neelam Linens and Garments (India) IPO is currently at ₹14, with an expected listing gain of approximately 58.33%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.