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Issue Open Date
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08-Nov-24
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Issue Closing Date
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12-Nov-24
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Application Money
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100
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Allotment Money
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Price Band
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20
-
24
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Minimium Application No.
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6000
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Issue Size (Shares)
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3882000
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Market Lot
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1
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Objective
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1. Funding capital expenditure requirement of our Company towards purchase of Embroidery Machines for expansion.2. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company.3. General corporate purposes.
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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211938000
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Qualified Institutional Buyers
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15894000
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Retail Individual Investors
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104106000
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Business Description
We operate as a soft home furnishing company based out of Maharashtra, India, extending our services to a global clientele, includingUSA, Australia and Far East. We specialize in the processing, finishing and supplying of bedsheets, Pillow cover, Duvet Cover, Towels,Rugs, Doher, Shirts & Garments predominantly for discounted retail outlets. We source surplus or slightly imperfect fabric from thedomestic market, applying value-added services such as designing, digital printing, dyeing, stitching, embroidery, and otherenhancements. Subsequently, we distribute these refined products to discounted retail outlets in diverse countries.
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Promoter's Holding
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Total Share Capital
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10978000
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Offered to Public
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3882000
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Promoter's Holding (Pre-Issue)
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74.18
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Promoter's Holding (Post-Issue)
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54.29
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Address |
446-447
4th Floor
Shah & Nahar Industrial Estate
Sitaram Jadav Marg
Delisle Road
Lower Parel
Mumbai,
Maharashtra,
400013
Phone : 022-24942454
Email : compliance@neelamgarments.com
Website : www.neelamgarments.com
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Registrar |
Purva Shareregistry (India) Pvt Ltd
Gala No 9
Shiv Shakti
Industrial Estate
Sitaram Mill Comp.
J R Boricha Marg
Lower Parel [E]
Mumbai
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Listed at |
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NSE
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Lead Manager |
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Expert Global Consultants Pvt Ltd.
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Promoters |
Bhavin Jethwa
Kantilal Jethva
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