Neelam Linens and Garments (India) Ltd IPO (Neelam Linens and Garments (India) Ltd) Details

Neelam Linens and Garments (India) Ltd, established on September 22, 2010, is a prominent Indian soft home furnishings company specializing in the production, processing, and distribution of high-quality home textiles. Headquartered in Maharashtra, the company operates two manufacturing units in Bhiwandi, Thane, and offers a diverse product range that includes bedsheets, pillow covers, duvet covers, towels, rugs, doilies, doors, and garments such as shirts. Neelam Linens serves both domestic and international markets, with a focus on supplying to budget-friendly retail outlets.

Business Segments

The company’s operations are divided into two primary segments:

1. Processing and Trading: Manufacturing and supplying home furnishings and garments for both domestic and international markets.
2. Sale of Licenses: Revenue is also generated from the sale of import licenses, which allows the import of items with restricted availability, enhancing product offerings.

Domestic and International Presence

Neelam Linens caters to a diverse client base:

• Domestic Clients: Include well-known retailers like Vijay Sales, Amazon, Meesho, and Amersons.
• International Clients: The company supplies to major retail chains and bargain stores such as Tuesday Morning, TJX, Pem America, Ocean State Job Lot, LinCraft Australia, Big Lots, 99 Cents, and U.S. Polo Assn.

Production Capacity

With a daily manufacturing output of 4,000 sets, Neelam Linens has a production capacity of up to 6,000 sets per day, allowing flexibility to meet large orders and high demand.

Financial Performance

The company’s revenue has demonstrated consistent growth, with the following reported figures:

• For the nine months ending December 31, 2023: ₹5,922.12 lakhs
• Fiscal Year ending March 31, 2022: ₹10,356.30 lakhs
• Fiscal Year ending March 31, 2021: ₹10,152.67 lakhs
• Fiscal Year ending March 31, 2020: ₹7,819.71 lakhs

Competitive Strengths

1. Direct-to-Consumer Sales: Engaging directly with customers through its retail outlets.
2. Operational Efficiency: Focuses on optimizing operational processes and cost management.
3. Diverse Product Portfolio: Offers an extensive range of products to cater to a wide customer base.
4. Enhanced Functional Efficiencies: Consistently strives to improve production and supply chain efficiencies.

Workforce

As of May 15, 2024, Neelam Linens employs 58 individuals, including eight full-time payroll employees and 50 daily-wage workers as needed.

With its innovative approach, including being the first in India to offer high-thread-count bedding, Neelam Linens and Garments Ltd has established itself as a reliable provider of quality home furnishings across India and globally, particularly in markets such as Australia, the USA, and the Far East. The company's ability to adapt and respond to market needs through its extensive product offerings and efficient manufacturing processes underscores its continued growth and success in the home textiles industry.