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“Explore the details of Neelam Lines and Garments IPO 2024, including opening date, price band, objectives, and expert opinions. Find out whether this IPO is a good investment opportunity.”
Table of Contents
- Introduction to Neelam Lines and Garments Ltd
- IPO Details (Issue Size, Price, Dates, and Lot Size)
- Objectives of the IPO
- Financial Performance of Neelam Lines and Garments Ltd
- Industry Overview
- Strengths and Risks of Investing in Neelam Lines and Garments Ltd IPO
- Grey Market Premium (GMP) and Market Sentiment
- How to Apply for the IPO
- Conclusion
1. Neelam Lines and Garments Ltd IPO Overview
The Niva Bupa Health Insurance IPO opened for bidding on November 8, 2024, and will close on November 12, 2024. This IPO is an offer for sale, meaning existing shareholders are selling shares, and no new capital is being raised by the company. The IPO price band is set between ₹20 and ₹24 per share, with a minimum lot size of 6000 shares, amounting to ₹1,44,000 for retail investors.
2. IPO Details (Issue Size, Price, Dates, and Lot Size)
IPO Dates : The IPO Open Is November 8, 2024 and Close November 12, 2024
Issue Size : The IPO Issue Size is 13.00 Cr.
Price Band : IPO Price Band is Set at 20-24 per share
Lot Size : IPO Lot Size is 6000 share’s
Fresh Issue : IPO Fresh Issue is 13.00Cr.
3. IPO Timeline ( IPO Important Dates )
Here is a quick overview of the Neelam Lines and Garments IPO details:
Opening Dates : The IPO is set to open on November 8, 2024.
Closing Dates : IPO Closing Dates is November 12, 2024
Allotment Status Date : IPO Allotment Status November 13, 2024
Share Transfer Demet A/c : Share Transfer your Demet A/c November 14, 2024
Credit Refund Bank A/c : Credit Refund Your Bank A/c November 14, 2024
Listing Date : IPO Listing Date is November 18, 2024
Listing Exchange : IPO Listing Exchange NSE SME
Neelam Lines and Garments Ltd IPO: A Comprehensive Guide Ltd IPO 2024 : Complete details IPO Price, Allotment, GMP Updated
About Company
Neelam Garments is a well-established 2010 in the textile and apparel industry, known for its high-quality manufacturing and innovative fashion designs. With decades of experience, the company specializes in a range of products including men’s, women’s, and children’s clothing. Their commitment to quality, sustainable practices, and timely delivery has helped them secure a strong client base both domestically and internationally. The company prides itself on integrating modern technology and traditional craftsmanship to cater to the evolving demands of the fashion market.
Company FInancial
Here is Niva Bupa Health Insurance’ financial performance summary over the past three fiscal years:
| Fiscal Year | FY 2024 | FY 2023 | FY 2022 |
| Revenue (₹ Lakhs) | 10,474.42 | 10,541.13 | 10,379.69 |
| Profit After Tax (₹ Lakhs) | 246.05 | 237.88 | 298.58 |
| Net Worth (₹ Lakhs) | 2348.34 | 2,102.30 | 1,468.42 |
| Reserves and Surplus | 868.34 | 1,362.30 | 1,448.42 |
| Debt (₹ Lakhs) | 6964.94 | 6534.02 | 5,110.22 |
IPO Reservation
The Niva Bupa Health Insurance IPO includes a specific reservation distribution among different investor categories, adhering to SEBI regulations. Qualified Institutional Buyers (QIBs), 50% of the shares in the offering are reserved, ensuring significant participation from institutional investors. Non-Institutional Investors (NIIs), including High Net Worth Individuals (HNIs), are allotted 15% of the shares, while Retail Individual Investors (RIIs) have a 35% reservation in the IPO. Additionally, there is a reserved portion for eligible employees under the Employee Reservation Quota
How to Apply for Neelam Lines and Garments IPO?
Here’s how you can apply for the Neelam Lines and Garments IPO:
UPI Mandate: Ensure that you approve the UPI mandate request to complete your application.
Through ASBA: You can apply via the Application Supported by Blocked Amount (ASBA) process through your bank.
Using Online Broker Platforms: Platforms like Angel One, Groww, and Upstox offer a quick and seamless IPO application process.
Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
FAQs
What is the price band for the Neelam Lines and Garments Ltd IPO?
The IPO price band is set between ₹20 and ₹24 per share.
What is the minimum investment required?
The minimum lot size for retail investors is 6,000 shares, translating to an investment of approximately ₹1,44,000 at the lower end of the price band
When is the Neelam Lines and Garments IPO opening and closing date?
The Niva Bupa Health Insurance IPO is scheduled to open on November 8, 2024, and close on November 12, 2024. The shares are expected to be listed on the stock exchanges by November 18, 2024
How can I apply for the Neelam Lines and Garments IPO?
You can apply through major brokerage platforms like Zerodha, Groww, or AngelOne, provided you have a Demat account.
How can I check the GMP for Neelam Lines and Garments Ltd IPO?
GMP updates are available on financial websites and IPO tracking portals like Chittorgarh, Investorgain and IPO Central, which update GMP daily.
Who is the registrar for Neelam Lines and Garments IPO?
The registrar for Neelam Lines and Garments IPO is Purva Sharegistry India Pvt Ltd Ltd. Investors can check their allotment status on Link Intime’s official website.
