446-447, 4th Floor,
Shah & Nahar Industrial Estate Sitaram Jadav Marg
Lower Parel, Delisle Road, Mumbai- 400013
Phone: +91 2224942454
Email: compliance@neelamgarments.com
Website: http://neelamgarments.com/
Last updated on 12-Nov-2024 18:26:01
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 1032000 | 15894000 | 15.4 |
| NIB | 774000 | 211938000 | 273.82 |
| RETAIL | 1800000 | 104106000 | 57.84 |
| Total | 3606000 | 331938000 | 92.05 |
| Application Wise Breakup | |
|---|---|
| Category | App. Received |
| QIB | 8 |
| NIB | 1344 |
| RETAIL | 17351 |
| Total | 18703 |
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIB | 2.48 | 38.15 | 15.4 |
| NIB | 1.86 | 508.65 | 273.82 |
| RETAIL | 4.32 | 249.85 | 57.84 |
| Total | 8.65 | 796.65 | 92.05 |
| QIB Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹0.5 | @8% ₹0.57 | @9% ₹0.64 | @10% ₹0.71 | @11% ₹0.78 | @12% ₹0.85 |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹8.82 | @8% ₹10.08 | @9% ₹11.34 | @10% ₹12.6 | @11% ₹13.86 | @12% ₹15.12 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 6000 | 144000 | 300 |
| HNI | 2 | 12000 | 288000 | 129 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 33.22% | 1800000 |
| NII (HNI) | 14.29% | 774000 |
| Anchor | 28.35% | 1536000 |
| QIB | 19.05% | 1032000 |
| Market Maker | 5.09% | 276000 |
| Total | 100.00% | 5418000 |
Neelam Linens and Garments IPO Details
| Issue Size | 5,418,000 shares (aggregating up to ₹13.00 Cr) |
| Fresh Issue | 5,418,000 shares (aggregating up to ₹13.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 14,800,000 |
| Share holding post issue | 20,218,000 |
| Market Maker portion | 276,000 shares Globalworth Securities |
Key Performance Indicator
| KPI | Jun-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 2.99% | 10.48% | 13.32% |
| ROCE | 3.84% | 13.69% | 13.64% |
| RONW | 3.31% | 10.48% | 11.32% |
| D/E | 3.12 | 2.97 | 3.11 |
| EPS (basic) | 0.54 | 1.66 | 1.65 |
| P/E Pre IPO | 14.44 | ||
| P/E Post IPO | 15.08 |
Company Financials
Neelam Linens and Garments (India) Ltd Financial Information (Restated Consolidated)
| Period Ended | Jun-24 | Mar-24 | 31-Mar-23 | 31-Mar-22 |
|---|---|---|---|---|
| Assets | 12,050.2 | 12,116.7 | 9,967.9 | 7,860.1 |
| Revenue | 2,195.3 | 10,474.4 | 10,541.1 | 10,379.6 |
| Profit After Tax | 80.4 | 246.0 | 237.8 | 298.5 |
| Net Worth | 2,428.8 | 2,348.3 | 2,102.3 | 1,468.4 |
| Reserves and Surplus | 948.8 | 868.3 | 1,362.3 | 1,448.4 |
| Total Borrowing | 7,566.0 | 6,964.9 | 6,534.0 | 5,110.2 |
| Amount in Lakhs | ||||
About Company
Incorporated in September 2010, Neelam Linens and Garments (India) Ltd specializes in soft home furnishings, processing, finishing, and supplying products like bedsheets, pillow covers, duvet covers, towels, and garments. Serving both domestic and international markets, its client list includes domestic retailers such as Vijay Sales, Amazon, and Meesho, and global outlets like TJX, Big Lots, and LinCraft Australia. The company operates two manufacturing units in Bhiwandi, Maharashtra, producing 4,000 sets daily with a capacity of up to 6,000. As of May 15, 2024, it employs 58 people, with a flexible workforce structure combining payroll and daily wage staff.
Strength
Direct-to-Customer Sales: Own retail stores enable direct engagement with customers, improving brand loyalty and control over customer experience.
Operational Efficiency Focus: Emphasis on operational and functional efficiencies drives cost savings and enhances financial performance.
Diverse Product Range: An expanded product portfolio caters to varied customer needs, strengthening market appeal and competitiveness.
Weakness
Product Concentration Risk: Heavy reliance on bedsheets makes the business vulnerable to demand fluctuations and shifts in consumer preferences, impacting revenue stability.
Supplier Dependence: Reliance on a limited number of suppliers could disrupt operations and affect production if supply issues arise.
Customer Concentration & Short-Term Contracts: Dependence on a few customers, without long-term contracts, exposes the business to revenue volatility and potential operational impacts if key clients reduce or end purchases.