Question 1

What is the Neelam Linens and Garments (India) Limited IPO?

Accepted Answer

The Neelam Linens and Garments (India) Limited IPO is an SME (Small and Medium Enterprise) Initial Public Offering where Neelam Linens and Garments (India) Limited is offering its shares to the public for the first time. The issue size is ₹54 lakhs with a price band of ₹20-24. This allows retail and institutional investors to become shareholders in the company.

Question 2

When will Neelam Linens and Garments (India) Limited IPO open?

Accepted Answer

The Neelam Linens and Garments (India) Limited IPO was open from 08 November 2024 to 12 November 2024. The subscription period has now ended.

Question 3

What is the lot size of Neelam Linens and Garments (India) Limited IPO?

Accepted Answer

The lot size for Neelam Linens and Garments (India) Limited IPO is 6000 shares, which means the minimum investment required is approximately ₹1,44,000 (6000 shares × ₹20-24). Retail investors can apply for one or more lots, but applying for a single lot typically gives better allotment chances during oversubscription.

Question 4

How to apply for Neelam Linens and Garments (India) Limited IPO?

Accepted Answer

You can apply for the Neelam Linens and Garments (India) Limited IPO through multiple channels: 1) Online broker platforms like Zerodha, Groww, Angel One, Upstox (most convenient); 2) Internet banking using ASBA facility; 3) Through your bank branch. You'll need a Demat account, linked bank account, PAN card, and sufficient funds. The application process involves selecting the IPO, choosing number of lots, selecting bid price (or cutoff), and authorizing the payment via UPI mandate.

Question 5

When is Neelam Linens and Garments (India) Limited IPO allotment?

Accepted Answer

The Neelam Linens and Garments (India) Limited IPO allotment was completed on Expected 5-7 days after closing. You can check your allotment status on the registrar's website (Link Intime, KFintech, or Bigshare) using your PAN number, application number, or Demat details. Allotted shares will be credited to your Demat account before the listing date. If you don't get allotment, your blocked amount will be unblocked automatically.

Question 6

When is Neelam Linens and Garments (India) Limited IPO listing date?

Accepted Answer

The Neelam Linens and Garments (India) Limited IPO was listed on 18 November 2024. On listing day, shares will start trading on the stock exchanges, and you can sell your allotted shares or hold them for long-term investment based on your strategy. Listing price depends on market demand and may be above, below, or at the issue price.

Question 7

Was GMP of Neelam Linens and Garments (India) Limited IPO reliable?

Accepted Answer

The Grey Market Premium (GMP) for Neelam Linens and Garments (India) Limited IPO was ₹14 before listing. The actual listing price was ₹40.05, giving a listing gain of 66.9% (₹16 per share). The GMP was fairly accurate and close to the actual listing performance. This demonstrates that while GMP can be an indicator, it's not always accurate and should be used alongside fundamental analysis.

Question 8

How much profit have I made if I held Neelam Linens and Garments (India) Limited IPO after allotment?

Accepted Answer

If you were allotted shares at the issue price of ₹24 and held them until now, your current gain is -53.1% (₹-13 per share). For one lot of 6000 shares, your loss would be ₹78,000. On listing day, the stock opened at ₹40.05 (66.9% gain). The stock has corrected from listing day highs. Remember, past performance doesn't guarantee future results, and investment decisions should be based on the company's fundamentals and your investment goals.

Application	Lots	Shares	Amount
Individual(min) Individual Investors for SME IPO - Investment up to ₹2 lakhs (min 2 lots)	2	12,000	₹2.88L
Individual(max) Individual Investors for SME IPO - Investment up to ₹2 lakhs (min 2 lots)	2	12,000	₹2.88L
SHNI(min) Small HNI - Investment between ₹2 lakhs and ₹10 lakhs	3	18,000	₹4.32L
SHNI(max) Small HNI - Investment between ₹2 lakhs and ₹10 lakhs	6	36,000	₹8.64L
BHNI(min) Big HNI - Investment above ₹10 lakhs	7	42,000	₹10.08L

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Neelam Linens and Garments (India) Limited

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