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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-400013,Maharashtra, India.
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-24	12-Nov-24

Money Payable On
Application	Allotment
24.00	0.00

Issue		Money Payable On
Opens On	Closes On	Application	Allotment
08-Nov-24	12-Nov-24	24.00	0.00

Minimum Application for shares in Nos : 6000 Further Multiples of : 6000

	Cr	Lead Managers to the Issue
Project Cost (.Cr)	0.00	Expert Global Consultants Pvt Ltd
Project Financed through Current Offer (.Cr)	13.00
Post Issue Equity Share Capital (.Cr)	20.22
Issue Price ()	24.00

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
No Data Available

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A Muthoot M George Enterprise