Neelam Linens and Garments (India) IPO; Key GMP Updates You shouldn't miss, Know More!Neelam Linens and Garments (India) IPO; Key GMP Updates You shouldn't miss, Know More!

The Grey Market Premium (GMP) for Neelam Linens and Garments (India)’s IPO is currently unavailable. Shares are priced between ₹20 to ₹24. The IPO subscription window is set from November 8 to November 12, 2024. 

Neelam Linens and Garments (India) Ltd IPO GMP Today

The Grey Market Premium (GMP) for Neelam Linens and Garments (India) Ltd is ₹0, coinciding with a price range from ₹20 to ₹24 per share for the IPO.

Neelam Linens and Garments (India) Ltd IPO Review

Neelam Linens and Garments (India) Ltd shows promising financial growth, with assets reaching ₹11,348.44 lakh by December 2023, a notable increase from March 2023. Revenue for the period stood at ₹6,078.18 lakh, reflecting a solid operational performance. However, profit after tax dropped from ₹237.88 lakh to ₹102.99 lakh, showing some margin pressures.

Despite this, the company maintains a stable financial base with a net worth of ₹2,205.28 lakh and reserves of ₹725.28 lakh. Borrowings slightly increased to ₹6,739.19 lakh, showing reliance on debt. Investors may consider this IPO with caution, given the company’s growth potential but also its rising debt and fluctuating profitability.

To get a full IPO review, click here Neelam Linens and Garments (India) IPO

Neelam Linens and Garments (India) Ltd IPO Date

Neelam Linens and Garments (India) Ltd will start accepting subscriptions from November 8 to November 12, 2024.

Neelam Linens and Garments (India) Ltd IPO Price

Neelam Linens and Garments (India) Ltd’s price range is from ₹20 to ₹24 per share with a face value of ₹10 each.

Neelam Linens and Garments (India) Ltd

Neelam Linens and Garments (India) Ltd incorporated in 2010, specialises in soft home furnishings, offering products like bedsheets, towels, and garments. Serving both domestic and international clients, including Vijay Sales and TJX, the company operates two manufacturing units in Maharashtra, producing 4,000 sets daily with a capacity of 6,000 sets.

How To Apply For Neelam Linens and Garments (India) Ltd IPO?

To apply for the Neelam Linens and Garments (India) Ltd IPO through Alice Blue, follow these steps:

1. Open a Demat and Trading Account with Alice Blue if you don’t have one.

2. Access IPO details for Neelam Linens and Garments (India) Ltd on the Alice Blue platform.

3. Place your bid for the desired number of shares within the IPO’s price range.

4. Confirm your information and submit your application quickly.

You can apply for the Neelam Linens and Garments (India) Ltd IPO at Alice Blue in just a few clicks!