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Neelam Linens and Garments (India) Ltd

Registered Office : 446-447 4th Flr Shah & Nahar-,Ind.Este Sitaram Jadav Marg LP,Mumbai Maharashtra 400013 Phone : +91 22 2494 2454
Fax :

Email : compliance@neelamgarments.com

Website : www.neelamgarments.com

Initial public issue of up to 54,18,000^ equity shares of face value of Rs. 10 each ("Equity Shares") of Neelam Linens and Garments (India) Limited ("Company") for cash at a price of Rs. 24 per equity share (including a share premium of Rs. 14 per equity share) ("Issue Price") aggregating up to Rs. 13.00 crores of which up to 2,76,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 24 per equity share including a share premium of Rs. 14 per equity share aggregating to Rs. 0.66 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 51,42,000 equity shares of face value of Rs. 10 each at a price of Rs. 24 per equity share aggregating to Rs. 12.34 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 26.80% and 25.43% respectively of the post issue paid up equity share capital of the company.

Issue

Opens On

Closes On

08-Nov-2024

12-Nov-2024

Money Payable On

Application

Allotment

24.00

0.00

Minimum Application for shares in Nos : 6000.0 Further Multiples of : 6000.0

₹Cr

Lead Managers to the Issue

Project Cost (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

0.00

13.00

20.22

24.00

Expert Global Consultants Pvt Ltd

Projects

Funding capital expenditure requirements of the company towards purchase of Embroidery Machines for expansion

Prepayment or repayment of all or portion of certain outstanding borrowings availed by the compant

General corporate purposes

Promoted By

Kantilal Jethva

Bhavin Jethwa

Manjula Jethva

Listing At

NSE - SME

Registrar to the Issue

Purva Sharegistry (I) Pvt Ltd