Neelam Linens And Garments (India) Ltd. has announced public offering of 5418000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 14.00 per share. The gross proceeds of the issue are expected to be Rs 1,300.32 lakhs.

The company's initial public offer (IPO) will open on 08 November 2024 and is expected to close on 12 November 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 20.00-24.00 per share.

The IPO includes a fresh Issue of 5418000 Equity Shares of the Company at an price of Rs 24.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 6000 shares with bids in multiples of 6000.

Neelam Linens And Garments (India) Ltd. anticipates using the proceeds of the issue for .

Expert Global Consultants Pvt. Ltd. as lead manager & Purva Sharegistry (India) Pvt. Ltd. is the registrar, to the issue.