The shares of Neelam Linens and Garments are witnessing a tremendous jump. The shares of Neelam Linens and Garments have reached Rs 46.10 with a gain of 5%. The company's shares were also trading at Rs 43.95 with a gain of 5% on Friday. The special thing is that the company's shares have entered the market just 5 days ago. The price of the company's shares in the IPO was Rs 24. After entering the market, the shares of Neelam Linens and Garments have jumped by 90%.
90% jump in shares
The IPO of Neelam Linens & Garments opened on 8 November 2024 and remained open till 12 November.
The price of the company's share in the IPO was Rs 24. Shares of Neelam Linens & Garments were listed on 18 November 2024 at Rs 40.05 with a premium of more than 60%. The company's shares closed at Rs 38.05 on the day of listing. Shares of Neelam Linens & Garments reached Rs 46.10 on November 25. Neelam Linens & Garments stock has jumped by more than 90% against the issued price of Rs 24. The company's stock is witnessing a good momentum.
About the company
Neelam Linens & Garments was started in the year 2010. The company manufactures high-end soft home fashion products. Also, it exports its products worldwide. The company offers a wide range of bedsheets, pillow covers, rugs, towels, shirts, duvet covers and other garments.
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