Neelam Linens & Garments (India) Ltd. IPO Opens 08 November, Price Band Fixed at Rs. 20 to Rs. 24

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Neelam Linens & Garments (India) Ltd. (NLGIL) is in the business of processing and trading of products, It operates as a soft home furnishing company based out of Maharashtra, India, extending its services to a global clientele, including USA, Australia and Far East. The Promoter of the company Mr. Kantilal Jethva has a working experience of 47 years in the field of home textile.

Neelam Linens and Garments IPO is a book built issue of Rs 13.00 crores. The issue is entirely a fresh issue of 54.18 lakh shares. IPO opens for subscription on November 8, 2024 and closes on November 12, 2024. Neelam Linens and Garments IPO will list on NSE SME.

Neelam Linens and Garments IPO price band is set at ₹20 to ₹24 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹144,000. The minimum lot size investment for HNI is 2 lots (12,000 shares) amounting to ₹288,000.


Expert Global Consultants Private Limited is the book running lead manager of the Neelam Linens and Garments IPO, while Purva Sharegistry India Pvt Ltd is the registrar for the issue. The market maker for Neelam Linens and Garments IPO is Globalworth Securities.

Neelam Linens and Garments is a premier textile wholesale distributor dedicated to delivering exceptional quality fabrics and bedsheets to discount retailers across the United States. We are also looking forward for opening retail store in United States. With a vast network of trusted suppliers, the company curates an extensive range of products to cater to diverse customer needs. Its portfolio boasts an impressive array of textiles, including cotton, linen, polyester, blends, and specialty fabrics, ensuring that customers have access to the latest trends and styles.

Leveraging expertise in supply chain management, Neelam Linens and Garments ensures efficient distribution services coast-to-coast, providing retail partners with timely delivery to meet tight deadlines, competitive pricing without compromising on quality, personalized customer service and support, strong supplier partnerships ensuring consistent inventory, and access to exclusive designs and collections.

The company's commitment to excellence has earned it a reputation as a reliable and trustworthy partner in the textile industry. By fostering long-term relationships built on trust, quality, and reliability, Neelam Linens and Garments empowers its customers to stay competitive in the ever-evolving industry.

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