Neelam Linens and Garments (India) SME IPO Details, Financials, Valuation & Peers

Neelam Linens and Garments (India) Limited, incorporated in 2010 and headquartered in Mumbai, Maharashtra, specializes in the processing, finishing, and distribution of soft home furnishings and fashion apparel. The company’s product range includes bedsheets, pillow covers, duvet covers, towels, rugs, dohars, and garments, primarily catering to discounted retail outlets across global markets, including the USA, Australia, and the Far East. With manufacturing units located in Bhiwandi, Maharashtra, Neelam Linens enhances surplus and slightly imperfect fabrics through processes like digital printing, dyeing, and embroidery to create unique and affordable textile solutions. The company also generates revenue from the sale of import licenses, which serve as commodities in the export sector.

Key Points:

• Business Segments: Focuses on two main areas—product processing and trading, as well as the sale of import licenses.
• Manufacturing and Processing: Facilities located in Bhiwandi, Thane, Maharashtra, equipped for fabric cutting, stitching, quality control, and packing.
• Product Portfolio: Offers soft furnishings like bedsheets and towels, and recently diversified into men’s and women’s fashion apparel.
• Clientele: Supplies products to discounted retail outlets in various international markets, including the USA, Australia, and the Far East.
• Import License Sales: Sells import licenses as financial incentives provided by the government, capitalizing on this revenue stream.
• In-House Production: Expanded operations in 2023 to include in-house production of apparel, enhancing product quality and design customization.