Neelam Linens and Garments IPO Allotment Status

Neelam Linens and Garments IPO has closed with an exceptional response from investors, achieving a remarkable subscription of 91.97 times by 12th November 2024 at 5:31:59 PM (Day 3). The public issue witnessed overwhelming demand across all categories. The Non-Institutional Investors (NII) category led with an extraordinary subscription of 273.47 times. The Retail Investors segment showed strong enthusiasm with 57.82 times subscription. The Qualified Institutional Buyers (QIB) portion was subscribed 15.40 times. Both the Anchor Investors and Market Maker portions were fully subscribed, with anchor investors raising ₹3.69 crores. The offering received a total of 18,698 applications, demonstrating exceptional investor confidence in this SME IPO.

How to Check Neelam Linens and Garments IPO Allotment Status:

How to Check Neelam Linens and Garments IPO Allotment Status on the Registrar's Site?

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How do you Check Neelam Linens and Garments IPO Allotment Status on the Registrar's Site?

Step 1: Visit the web portal of Purva Sharegistry India Pvt Ltd (https://www.purvashare.com/investor-service/ipo-query)

Step 2: From the dropdown menu, select Neelam Linens and Garments IPO

Step 3: Choose one of the following modes: PAN ID, Demat Account number, or Application number

Step 4: Enter the information relevant to the mode you have chosen

Step 5: For security purposes, fill out the captcha accurately

Step 6: Click "Submit"

How to Check Neelam Linens and Garments IPO Allotment Status on NSE SME:

Step 1: Visit the NSE SME website (https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp)

Step 2: Look for the IPO Allotment Status section

Step 3: Select "Neelam Linens and Garments (India) Limited" from the dropdown menu

Step 4: Enter your application number and PAN ID

Step 5: Click on 'I am not a robot' and then click "Search"

How to Check IPO Allotment Status in a Bank Account?

Log into your Internet Banking: Go to your bank's website or mobile app and log in

Explore IPO Section: Locate the "IPO Services" or "Application Status" sections

Offer Required Information: Provide information like your PAN, application number, or other identifiers

Verify Allotment Status: Once you submit your information, an IPO allotment status indicating the available allocation shares should appear

Verify Status: To ensure accuracy, you can verify the status with the IPO Registrar or use other resources

How to Check IPO Allotment Status in a Demat Account? 

Open Your Demat Account and Log in: Use the mobile app or website of your Depository Participant (DP)

Find IPO Section: Look for the section titled "IPO" or "Portfolio"

Verify IPO Allotment Status: Check if the allocated shares are visible in your Demat account

Verify with Registrar: If the IPO shares are inaccessible, visit the Registrar's website and enter your application data to verify allocation

Contact DP service if Needed: If there are any discrepancies or problems, contact your DP's customer service

Neelam Linens and Garments IPO Timeline:

Neelam Linens and Garments IPO Subscription Status

Neelam Linens and Garments IPO received 91.97 times subscription with 18,698 applications. By 12th November 2024 at 5:31:59 PM (Day 3), the detailed subscription status was:

Subscription Day 3 (as of 5:31:59 PM)
Total Subscription: 91.97 times
QIB: 15.40 times 
NII: 273.47 times 
Retail investors: 57.82 times 
Total Amount Subscribed: ₹795.92 crores

Subscription Day 2 (November 11, 2024)
Total Subscription: 8.90 times
QIB: 1.01 times
NII: 4.57 times
Retail investors: 15.28 times

Subscription Day 1 (November 8, 2024)
Total Subscription: 2.72 times
QIB: 0.00 times
NII: 0.94 times
Retail investors: 5.04 times

Neelam Linens and Garments IPO Details

Neelam Linens and Garments' initial public offering (IPO) is a book built issue of ₹13.00 crores. This offering consists entirely of a fresh issue of 54.18 lakh shares.

The bidding process commenced on 8th November 2024 and will conclude on 12th November 2024. The allotment results are anticipated to be finalised on 13th November 2024. The shares are set to be listed on NSE SME, with a provisional listing date scheduled for 18th November 2024.

The price band has been established between ₹20 and ₹24 per share. Investors must apply for a minimum lot size of 6,000 shares, which requires a minimum investment of ₹144,000 for retail investors. For non-institutional investors (NII), the minimum investment consists of 2 lots (12,000 shares), totalling ₹288,000.

Expert Global Consultants Private Limited serves as the book running lead manager for the IPO, while Purva Sharegistry India Pvt Ltd is designated as the registrar. Globalworth Securities is the market maker for this offering.