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Neelam Linens and Garments (India) Ltd IPO Review

Neelam linens and garments (India) limited company was the incorporated as a private limited company under the name “Neelam Linens and Garments (India) Private Limited”, 1956 under the provisions of the Companies Act and the certificate of incorporation issued by the Registrar of Companies. The company was changed to public limited, and their company name was changed “Neelam Textiles and Garments (India) Limited.

Neelam linens and garments (India) private limited Company also they generate revenue from the sale of imported licenses. It is a government license required to obtain an import license. Free importable goods from abroad. This paper license fixes the amount of goods entering the country. requirements for those and national reporting laws. The government issues licenses primarily on a monetary basis and the incentives of exporters.

Neelam Linens and Garments (India) Ltd Products and Services

Neelam linens and garments (India) limited operate as a convenience home decor company based in Maharashtra, India, and extends their services to global customers, including. America, Australia, Far East. They specialize in the use, finishing and supply of bed sheets, pillow covers, duvet covers, towels, Mainly Rugs, Doher, Shirts & Garments for retail outlets at discount prices.  

Neelam linens and garments India ltd ipo Strengths are Purchase of higher quality thread count fabric at lower price, Experienced promoters and a dedicated employee base, Infrastructure and Integrated capabilities to deliver quality Products, their strategy are Continue improving financial performance through focus on operational and functional efficiencies, selling directly to customers via their own stores, Continue to add to product portfolio by introducing new products, Improving & maintaining functional efficiencies.

Financial Overview  

The Company is engaged in a highly competitive and fragmented sector in the manufacture and marketing of household goods and related services. It is also dealing with import license sales. The company has posted steady but inconsistent financial performance so far. Its debt-to-equity ratio of 3.12 as of June 30, 2024, raises serious concerns. Based on FY25 super annualized earnings, the transaction seems priced. There is nothing wrong with dropping this “High Risk/Low Return” statement.