Markets / IPO / Neelam Linens and Garments (India)

Neelam Linens and Garments (India) IPO

Updated 17:57

SME IPO on NSE Emerge · Other Textile Products

Status

Listed

Price band

₹20–24

Lot size

6000 shares · ₹1,44,000

Subscribed

–

How it listed

Issue price

₹24

Listing price (open)

₹40.05 +66.88%

First-day close

₹38.05 +58.54%

Price now

₹6.50 -72.92%

Listing day	18 Nov 2024
Open / high / low / close	₹40.05 / ₹40.05 / ₹38.05 / ₹38.05
Shares traded on NSE	20,52,000
Market value at the listing-day close	₹77 cr

Closing prices since listing: 21 Sept ₹7.35, 22 Sept ₹7.35, 29 Sept ₹7.05, 1 Oct ₹6.75, 9 Oct ₹6.50, 12 Oct ₹6.25, 13 Oct ₹6.50, 14 Oct ₹6.75, 19 Oct ₹6.50, 29 Oct ₹6.50.

Neelam Linens and Garments (India) share price, live chart and technicals →

Key dates

Bidding opens	8 Nov 2024
Bidding closes	12 Nov 2024
Allotment	13 Nov 2024
Refunds and shares in demat	14 Nov 2024
Listing	18 Nov 2024

Lot size by investor type

Application	Lots	Shares	Amount
Individual investor (minimum)	1	6,000	₹1,44,000
HNI (minimum)	2	12,000	₹2,88,000

At ₹24 a share. In SME IPOs individuals must bid for at least 1 lots.

Subscription

Investor category	Shares bid for
Institutions (QIB)	1,58,94,000
HNI / NII	21,19,38,000
Retail	10,41,06,000
Total	33,19,38,000

NSE does not publish the shares offered to each category for this issue, so times subscribed cannot be shown. NSE and BSE bids together, as of 12 Nov 2024 18:30.

Applications from individual investors

17,351 applications in the individual investors' category.

NSE does not publish the shares set aside for this category for SME issues, so the chance of allotment cannot be worked out exactly. Winners are picked by lottery.

Demand at each price

Top price ₹24	2,551.20 lakh shares	76.9%
Cut-off final price, whatever it is; mostly retail	749.34 lakh shares	22.6%
Lower prices ₹20–23	18.84 lakh shares	0.6%

Shares bid on NSE and BSE at each price in the band. Most bids at the top price, and little at lower prices, means buyers were keen.

Anchor investors

Anchor bid date	7 Nov 2024
Anchor shares	15,36,000
Raised from anchors	₹3.69 cr
Lock-in ends for the first 50% (30 days)	12 Dec 2024
Lock-in ends for the remaining 50% (90 days)	10 Feb 2025

Anchor investors are large funds that buy the day before the IPO opens. SEBI locks in half their shares for 30 days from the allotment and the rest for 90 days; they can sell from the next trading day. Traders watch these dates because extra selling can come in.

Financials and valuation

	At issue price	Now
Market value	₹49 cr	₹13 cr
P/E (last 12 months' profit)	31.5	8.5

Revenue, last 12 months	₹118 cr
Profit, last 12 months	₹2 cr
Return on equity	3.8%
Debt to equity	1.68

From results the company filed with NSE (latest period to 31 Mar 2026). Twelve-month figures need four quarters of results, so they fill in over the first year after listing.

Other recent IPOs: Other Textile Products

Company	Listed	Subscribed	On listing	Since IPO
Sonaselection India	24 Sept	2.01×	+3.34%	+6.19%
Vinod Texworld SME	17 Sept	–	0.00%	-74.57%
Ashutosh Fibre SME	7 Sept	–	+52.17%	+33.32%
Alpine Texworld	21 Jul	1.40×	0.00%	-60.10%
Kusumgar	15 Jul	128.85×	+35.80%	+31.83%
Aastha Spintex	6 Jul	4.64×	-52.21%	-81.68%
Shreedhar Spinners SME	1 Jul	–	+2.64%	+194.34%
Shree Ram Twistex	2 Mar	43.62×	-34.62%	-64.78%

IPO details

Price band	₹20–24
Final issue price	₹24
Lot size	6000 shares
Minimum investment	₹1,44,000 (1 lot)
Market	NSE Emerge (SME)
Issue type	100 % Book Building
Face value	₹10
Industry	Other Textile Products
Issue size	Initial Public Issue up to 54,18,000 Equity Shares (including Market Maker portion of 2,76,000 Equity Shares and Anchor Allocation of 15,36,000 Equity Shares)
ISIN	INE0N1401016
Registrar	Purva Sharegistry (India) Private Limited Helpline: +91 22 4961 4132, 3522 0056, support@purvashare.com
Lead managers	Expert Global Consultants Private Limited
Prospectus	Red herring prospectus (NSE)

Check allotment status

Allotment was finalised on 13 Nov 2024. Check it on the registrar's page (Purva Sharegistry (India) Private Limited), NSE or BSE with your PAN or application number.

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From NSE's official IPO data. Expected dates follow SEBI's T+3 timetable; the exchange confirms them. Information only, not investment advice.

What is the Neelam Linens and Garments (India) IPO price band and lot size?

The price band is ₹20–24 per share, and one lot is 6000 shares (₹1,44,000 at the upper price).

When is the Neelam Linens and Garments (India) IPO allotment date?

Allotment was finalised on 13 Nov 2024, the next working day after bidding closed on 12 Nov 2024.

How many times was the Neelam Linens and Garments (India) IPO subscribed?

Subscription figures are not available yet.

What is the Neelam Linens and Garments (India) IPO listing date?

It listed on 18 Nov 2024 on NSE Emerge (SME).

When does the Neelam Linens and Garments (India) anchor lock-in end?

The 30-day lock-in on half of the anchor investors' shares ends on 12 Dec 2024 and the 90-day lock-in on the rest ends on 10 Feb 2025; they can sell from the next trading day.

What was the Neelam Linens and Garments (India) listing gain?

It opened at ₹40.05 against an issue price of ₹24, a gain of 66.88%. It is now down 72.92% from the issue price.