Neelam Linens and Garments (India)’s IPO has a ₹0 Grey Market Premium as of November 6, 2024, with a price range from ₹20 to ₹24. Offering lots of 6000 shares, 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 as of November 6, 2024. This assessment coincides 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’s revenue increased from ₹10,152.67 lakhs in March 2022 to ₹10,356.30 lakhs in March 2023; currently, it stands at ₹2,179.26 lakhs in June 2024. Also, profitability has significantly decreased from ₹298.57 lakhs in March 2022 to ₹80.46 lakhs by June 2024.
The company’s equity strengthened from ₹1,468.42 lakhs in FY2022 to ₹2,102.29 lakhs in FY2023. With a current NAV per at ₹16.41 in June 2024, Neelam Linens and Garments (India) Ltd showcased strong liquidity and reduced reliance on debt.
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 accept 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) Limited, a Maharashtra-based soft furnishings company, processes and trades home textiles and apparel globally. It enhances textile industry competitiveness by sourcing surplus fabrics and trading import licenses, including government-issued RODTEP and ROSCTL. Through brokers, it buys licenses from exporters and resells them to importers at discounted rates, earning revenue.
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.
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