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Neelam Linens and Garments (India) Ltd IPO Details

Issue Open	08 November 2024
Issue Close	12 November 2024
IPO Price	₹20 to ₹24 per equity share
Face Value	₹10 per equity share
IPO Size	₹13.00 Cr.
Listing At	NSE, SME
IPO Lot Size	6000 Shares

IPO Investor Categories

• Qualified Institutional Buyers (QIB)- Qualified Institutional Buyers (QIBs) are typically large, financial investors, such as the mutual funds, insurance companies, pension funds, & hedge funds, who are considered to have the expertise & resources to evaluate investment opportunities. QIBs must meet certain financial criteria set by the Securities and Exchange Board of India "SEBI" to the participate in an IPO. They are the allowed to bid for the shares at the  price lower than the price at which shares are offered to retail investors.
• Non-Institutional Investors (NII) - Non-Institutional Investors "NIIs", on the other hand, are the typically individual investors, High Net Worth Individuals "HNIs" or corporate bodies who do not meet the financial criteria to be classified as QIBs. They are the allowed to participate in an IPO at the same price as retail investors.

NII category has two subcategories:

1.  sNII - "sNII" stands for the  "Small Non-Institutional Investor." This subcategory includes investors who have bid for shares worth between Rs. 2 lakhs and Rs. 10 lakhs in an IPO.

2. bNII - "bNII" stands for "Big Non-Institutional Investor." This subcategory includes investors who have bid for shares worth more than ₹10 lakhs in an IPO.

• Retail Individual Investors (RII) - Retail Individual Investors (RIIs) are individual investors who apply for shares worth up to ₹2 lakhs in an IPO to the encourage retail participation in the IPO process.
• Employee (EMP)- The Employee "EMP" category in an Initial Public Offering IPO is reserved for the employees, directors, & business associates of the issuer company, &  the allocation of shares to this category is determined by the issuer company and the lead manager of the IPO.
• Others- A category of the eligible shareholders or other investors with the reserved IPO quota.