Incorporated in September 2010, Neelam Linens and Garments (India) Ltd is a soft home furnishing company. It processes, finishes, and supplies bedsheets, pillow covers, duvet covers, towels, rugs, doors, shirts, and garments. The company mainly serves discounted retail outlets.
The company’s business can be divided into two parts
The company has two manufacturing units situated in Bhiwandi, Thane, Maharashtra.
The company sells its products to domestic and international customers. Its domestic customers include Vijay Sales, Amazon, Meesho, and Amersons stores. Its international clients include stores like Tuesday Morning, TJX, Pem America, Ocean State Job Lot, LinCraft Australia, Big Lots, 99 Cents, and U.S. Polo Assn.
The company currently manufactures 4000 sets per day and its capacity to manufacture is 6000 sets per day.
Competitive Strength:
As of May 15, 2024, the company employs 58 people. Eight of them are on payroll, while 50 work for daily wages as needed.
Neelam Linens and Garments (India) Ltd’s revenue decreased by -0.63% and profit after tax (PAT) rose by 3.43% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 12,050.23 | 12,116.76 | 9,967.97 | 7,860.13 | 6,467.92 |
| Revenue | 2,195.39 | 10,474.42 | 10,541.13 | 10,379.69 | 8,017.82 |
| Profit After Tax | 80.46 | 246.05 | 237.88 | 298.58 | 41.53 |
| Net Worth | 2,428.80 | 2,348.34 | 2,102.30 | 1,468.42 | 1,169.84 |
| Reserves and Surplus | 948.80 | 868.34 | 1,362.30 | 1,448.42 | 1,149.84 |
| Total Borrowing | 7,566.04 | 6,964.94 | 6,534.02 | 5,110.22 | 5,259.22 |
| Amount in ₹ Lakhs | |||||
The market capitalization of Neelam Linens and Garments IPO is Rs 48.52 Cr.
KPI as of June 30, 2023.
| KPI | Values |
|---|---|
| ROE | 2.99% |
| ROCE | 3.84% |
| Debt/Equity | 3.12 |
| RoNW | 3.31% |
| P/BV | 1.46 |
| PAT Margin (%) | 3.69 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 1.66 | 1.59 |
| P/E (x) | 14.44 | 15.08 |
| IPO Date | November 8, 2024 to November 12, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹20 to ₹24 per share |
| Lot Size | 6000 Shares |
| Total 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 |
The Promoters of the company are Kantilal Jethva and Bhavin Jethwa.
| Share Holding Pre Issue | 74.18% |
| Share Holding Post Issue | 54.29% |
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