Incorporated in 2010, Rajasthan based Lagnam Spintex Limited is a company engaged in the business of manufacturing of high-quality yarn (Ne 4 to Ne 20). The yarn is used in Denim, Terry Towels, Bottom Wears, Home Textiles and Industrial Fabrics etc.
The manufacturing facility of the Company is situated at Bhilwara District in Rajasthan State. Spread over 10,000 square meters, the facility has the capacity to produce 16.5 tonnes of high-quality yarn per day.
Lagnam Spintex is currently exporting its products to countries like Germany, Belgium, Portugal, Italy, Columbia, South Africa, Slovenia, China, Pakistan, Bangladesh, and others. Exports account for 18.90% of the manufacturing sales of the company.
In the past five years, the company's revenues have increased from INR4,983.41 lakhs in 2014-15 to INR 8,454.47 lakhs in 2017-18 at a CAGR of around 19%. The Net Profit after tax has grown at a CAGR of almost 43% in the last three years.
The company has 79 permanent employees on its payroll.
The promoters of the Company are Mr. Dwarka Prasad Mangal, Mr. Anand Mangal, and Lagnam Infotech Solutions Private Limited. The promoters hold in aggregate 90,66,000 equity shares representing 77.69% of the pre-issue paid-up capital of the Company.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | ||
| Total Assets | 3,002.19 | 2,228.77 | 1,887.35 | 1,554.24 | 1,281.09 | |
| Total Revenue | 8,454.47 | 7,358.43 | 5,656.41 | 4,983.41 | 4,205.99 | |
| Profit After Tax | 468.49 | 367.09 | 208.50 | 157.82 | 144.71 | |
The Objects of the Issue are-
1. Part finance the setting up of the additional cotton yarn manufacturing facility (2,200 lakhs)
2. Meet Issue expenses (260 lakhs)
| IPO Date | Sep 4, 2018 - Sep 7, 2018 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 6,000,000 Eq Shares of ₹10 (aggregating up to ₹24.60 Cr) |
| Face Value | ₹10 Per Equity Share |
| IPO Price | ₹41 Per Equity Share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | NSE SME |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹123,000 |
| Maximum | 1 | 3000 | ₹123,000 |
No. of Times Issue Subscribed (BSE + NSE) | |||
|---|---|---|---|
As on Date & Time | NII | RII | Total |
Shares Offered | 2,850,000 | 2,850,000 | 5,700,000 |
Sep 7, 2018 18:00 | 3.86x | 5.65x | 4.97x |
| Listing Date | Tuesday, September 18, 2018 |
| BSE Script Code | |
| NSE Symbol | LAGNAM |
| Listing In | |
| ISIN | INE548Z01017 |
| IPO Price | ₹41 Per Equity Share |
| Face Value | ₹10 Per Equity Share |
|
|
Lagnam Spintex Limited
A-51-53
RIICO Growth Centre
Hamirgarh, Bhilwara
Phone: +91 014 82 289210
Email: rparashar@lagnam.com
Website: http://www.lagnamspintex.com
Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai - 400 059
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Lagnam Spintex IPO is a SME IPO of 6,000,000 equity shares of the face value of ₹10 aggregating up to ₹24.60 Crores.
The issue price of the IPO is ₹41 Per Equity Share. The minimum order quantity is 3000 Shares per application and the offer type is Fixed Price Issue.
The IPO opens on Sep 4, 2018 and closes on Sep 7, 2018.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Lagnam Spintex IPO opens on Sep 4, 2018 and closes on Sep 7, 2018.
Lagnam Spintex IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.
The finalization of Basis of Allotment for Lagnam Spintex IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Lagnam Spintex IPO allotment status.
Lagnam Spintex IPO lot size is 3000 Shares and the minimum order quantity is 3000 Shares.
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