IPO Date: Nov 8 to Nov 12 2024
Listing Date: Nov 18 2024
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.
...
stralia 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. Read MorePurva Shareregistry (India) Pvt Ltd
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An Initial Public Offering (IPO) is when a private company sells shares to the public for the first time, enabling investors to purchase these shares and gain partial ownership in the business. For instance, if a well-known tech firm wants to grow and requires additional funds, it might choose to go public through an IPO. During this process, investors can buy shares, and the company’s stock starts trading on the stock exchange on the day of the IPO listing.
Investors can apply for an IPO through their bank or brokerage account. Many trading platforms have a specific section for IPOs where users can submit their applications online.
The primary market is where shares are offered to the public for the first time via an IPO. After the IPO, shares are traded on the secondary market (stock exchange), where existing shareholders can sell to new buyers.
Investing in an IPO offers the opportunity to become an early investor in companies with high growth potential, at a price which may be lower than their post-listing market value. It provides a chance to participate in the company's growth journey from its early stages. However, IPO investments also come with inherent risks, such as market volatility and uncertainties about the company's future performance.
The price of an IPO is established through a systematic process known as "book building." In this method, investors bid within a given price range, and the final price is set based on demand and market conditions. Several factors play a crucial role in determining the IPO price, including:
The issue size of Neelam Linens and Garments (India) Ltd. IPO is ₹7.76 - 9.32 crore.
The Neelam Linens and Garments (India) Ltd. IPO opens for subscription on 2024-11-08 and closes on 2024-11-12.
The price range of Neelam Linens and Garments (India) Ltd. IPO is ₹20.00 to ₹24.00.
The lot size of Neelam Linens and Garments (India) Ltd. IPO is 6000 shares.
The registrar of Neelam Linens and Garments (India) Ltd. IPO is Purva Shareregistry (India) Pvt Ltd .
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