Lagnam Spintex Limited IPO Message Board (Page 7)

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Vijay Sthalekar
13. Vijay Sthalekar  Aug 29, 2018 08:14
Roti, Kapada, Makan. Basic needs. Well managed companies will definitely pay good returns. I think this is one of them.
Vijay Sthalekar
12. Vijay Sthalekar  Aug 29, 2018 08:12
Will definitely apply for this for long term gains. I feel Listing gains will be very miniscule.
CPHArun
11. CPHArun  Aug 28, 2018 20:33
I like this issue. But to me industry is in bit of down trend due to high raw material cost. So, will give this a skip for timebeing and look at it later.
Marshall CNC looks a better option for this period
Jatin Bansal Hyderabad
10. Jatin Bansal Hyderabad  Aug 22, 2018 15:25
I think this is a good IPO. Pricing could have been a bit conservative. 30/- per share would have been optimum.

Pros:
1) Company has experienced management, and consistent topline and bottom line growth.
2) Unlike many SME IPOs, company didn't report a sudden jump in EBITA % YoY
3) Company enjoys government subsidy. So it's able to raise funds of 94cr at remarkably low-interest rates. This will help boost sales in future with minimal finance cost.
4) IPO proceeds are not going to promoters.

Cons:
1) The capacity utilization is 99% as of now. So no further top-line growth expected until the new line gets into production (expected Sep 2019)
2) IPO is priced aggressively at current valuations. Vardhman Textiles is available at lower PE than this one.

I think the long-term outlook for this IPO should be positive.

Thanks
CPHArun
10.1. CPHArun  Aug 28, 2018 20:31
99% utilisation isnt much of a con. For a yarn producer, this is very very good. Sintex industries has 97% utilization and Vardhman industry leader has been 95,97 btw 2014 & 2017. If 99% is true, just shows they are operating efficiently

Raw material Cotton prices are at high now , so sector is reeling. But this is right time to invest in this. By the time they finish it and comes online, and cotton price reduce , there will be a really good profit & margin.

Key is to understand whats their working capital cycle and how well they are doing in this cost pressure environment.
COMMONMAN
9. COMMONMAN  Aug 26, 2018 13:31
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
When everyone Is Confident of Positive Returns Looking At Previous E2E Returns... I am skipping it... Let everyone Enjoy Returns. Best Of Luck
v for vendetta
9.1. v for vendetta  Aug 26, 2018 21:42
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Nothing against your decision but will you please let us know any specific reason for avoiding it.
COMMONMAN
9.2. COMMONMAN  Aug 27, 2018 00:58
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
@Vendatta
It Is Bit Expensive and Still It will be Oversubscribed and Less chance of allotment.
I will apply For Marshal Machine As It is At Decent prise and Have Fair Chance of allotment. I have Chance To Make Profit On Listing
Abhishek Shahi
8. Abhishek Shahi  Aug 23, 2018 15:14
Bank of India first issue .. will take a call
Small Investor
8.1. Small Investor  Aug 25, 2018 14:08
IPO Guru IPO Guru (1400+ Posts, 700+ Likes)
ye Bank of India bich m kha m se aa tapka Phle Only Holani hi LM tha is Issue m
Vijaj kedia
7. Vijaj kedia  Aug 22, 2018 23:42
After a long time good ipo to subscribe in sme.Bank of India for the first time in sme market will deliver good returns.
Management is good & experienced.
Ipo funds are used for expansion which is seen rarely in sme ipo.
VIE
7.1. VIE  Aug 22, 2018 23:45
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
vijay kedia ji aap yaha kaise?????????????????????
ye site aap jaise bade logo k liye nahi he..............................

Lol
Small Investor
7.2. Small Investor  Aug 23, 2018 11:30
IPO Guru IPO Guru (1400+ Posts, 700+ Likes)
hhahahha
sir Ye Vijay Kedia nhi h ye Vijaj Kedia ji h
Kashish Sarvaiya
6. Kashish Sarvaiya  Aug 21, 2018 23:42
@admin
can you pleass post Dilip Dawda Sir's review on this IPO?
RAJAKUMAR
5. RAJAKUMAR  Aug 21, 2018 00:18
IPO Guru IPO Guru (1400+ Posts, 1100+ Likes)
Dear Ankur
LM is Holani. This is second issue for the LM. First is E2E has got 56% return on listing day. But it subscribed 73 times.
AnkurGoel
5.1. AnkurGoel  Aug 21, 2018 16:01
@Rajakumar, how can I forget Holani? I got my first ever SME E2E and earned 64K on the listing day.
Jagdish master
4. Jagdish master  Aug 21, 2018 01:36
2018 PAT 4.68cr & paid up equity 11.66cr and post IPO paid up equity 17.66 so post dillution EPS 2.65 Rs & Ipo prize at 41Rs its 15.50 PE co already huge debt in books and for 2nd phase expansions co take another 94cr debt from sbi & Pnb ??? Clear avoid 41 Rs prize is too high conservative valuation at current mkt scenerio is 9- 10PE POST DILLUTION .
AnkurGoel
3. AnkurGoel  Aug 20, 2018 21:38
The promotor is top shot and well known personaliy in textile industry. He served as head of Mayur suiting earlier.
Aniketiaf
3.1. Aniketiaf  Aug 20, 2018 22:52
IPO Guru IPO Guru (1400+ Posts, 8600+ Likes)
One of the promoter Mr. Anand is associated with ICICI BANK for 5 years and performed very well there.
Again a MUST APPLY sme ipo.
IPOANALYSIS
2. IPOANALYSIS  Aug 20, 2018 22:33
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
Apply. This one looks good
Small Investor
2.1. Small Investor  Sep 19, 2018 11:42
IPO Guru IPO Guru (1400+ Posts, 700+ Likes)
aap to fail ho gye mr IPOANYLYS
Administrator
1. Administrator  Aug 20, 2018 09:21
Top Contributor Top Contributor (300+ Posts, 500+ Likes)
Dear Members,

Please read the below analysis of the company posted couple of weeks ago:

Lagnam Spintex to raise Rs 24.6 Cr through NSE SME IPO

/article/lagnam-spintex-ipo-nse-sme-bhilwara/323/

Thank you,

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