Hot IPO Under Rs 25 – Your Ticket to India’s Growing Textile Sector!
Seize the Opportunity: India’s Textile Surge Now Open for Investors
Neelam Linens & Garments (India) (NLGIL), specializing in processing and trading soft home furnishing products, is launching its IPO on November 8, 2024. The IPO, which aims to raise Rs 13 crore, is entirely a fresh issue comprising 54.18 lakh shares and will close on November 12, 2024. NLGIL will debut on the NSE SME.
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IPO Details
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Information
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IPO Opening Date
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November 8, 2024
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IPO Closing Date
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November 12, 2024
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Issue Size
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Rs 13.00 Crores
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Price Band
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Rs 20 to Rs 24 per share
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Listing Platform
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NSE SME
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Lot Size (Retail)
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6,000 Shares
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Minimum Investment (Retail)
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Rs 144,000
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Investment Details and Pricing
The IPO is offered at a price band of Rs 20 to Rs 24 per share, with a minimum application size of 6,000 shares. For retail investors, the minimum investment is Rs 144,000, while HNIs must apply for at least two lots (12,000 shares), amounting to Rs 288,000. Expert Global Consultants Private Limited is the lead manager, with Purva Sharegistry India Pvt Ltd as the registrar and Globalworth Securities as the market maker.
Expanding Global Reach in Textile Distribution
Operating from Maharashtra, India, NLGIL serves clients across the USA, Australia, and the Far East, under the leadership of its promoter, Mr. Kantilal Jethva, who has 47 years of experience in home textiles. Neelam Linens is a well-known wholesale textile distributor in the U.S., supplying quality fabrics and bedsheets to discount retailers, with plans to expand into the U.S. retail sector.
Broad Range of Textiles
Neelam Linens offers a diverse textile portfolio, including cotton, linen, polyester, blends, and specialty fabrics, designed to meet the evolving tastes of its clientele. This wide range provides access to the latest styles while maintaining quality and competitive pricing.
Efficient Supply Chain and Strong Industry Relationships
With an efficient supply chain, NLGIL ensures timely delivery for its U.S. retail partners, supported by robust supplier partnerships that guarantee consistent inventory. Known for quality and reliability, Neelam Linens has built lasting relationships with clients, solidifying its position as a trusted partner in the textile industry and helping customers stay competitive in a dynamic market.