Lagnam Spintex Limited IPO (Lagnam Spintex IPO) Detail

Sep 4, 2018 - Sep 7, 2018

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.

Company Promoters:

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.

Company Financials:

Summary of financial Information (Restated)
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

Objects of the Issue:

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)

Lagnam Spintex IPO Details

IPO DateSep 4, 2018 - Sep 7, 2018
Issue TypeFixed Price Issue IPO
Issue Size6,000,000 Eq Shares of ₹10
(aggregating up to ₹24.60 Cr)
Face Value₹10 Per Equity Share
IPO Price₹41 Per Equity Share
Market Lot3000 Shares
Min Order Quantity3000 Shares
Listing AtNSE SME

Lagnam Spintex IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)

Useful Links

Lagnam Spintex IPO Subscription Status (Bidding Detail)

Lagnam Spintex IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time




Shares Offered




Sep 7, 2018 18:00




Lagnam Spintex IPO Prospectus

Lagnam Spintex IPO Rating

Rating:Rated 3.3 stars

Vote Here ...

Lagnam Spintex IPO Listing Date

Listing DateTuesday, September 18, 2018
BSE Script Code
Listing In
IPO Price₹41 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

IPO Price
Last Trade
IPO Price:₹41.00
Last Trade:₹38.95

Lagnam Spintex IPO Reviews / Ratings

Company Contact Information

Lagnam Spintex Limited
RIICO Growth Centre
Hamirgarh, Bhilwara

Phone: +91 014 82 289210

Lagnam Spintex IPO Registrar

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

Lagnam Spintex IPO FAQs

  1. 1. What is Lagnam Spintex IPO?

    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.

  2. 2. When Lagnam Spintex IPO will open?

    The Lagnam Spintex IPO opens on Sep 4, 2018 and closes on Sep 7, 2018.

  3. 3. How to apply for Lagnam Spintex IPO?

    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.

  4. 4. When Lagnam Spintex IPO allotment?

    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.

  5. 5. When is Lagnam Spintex IPO listing date?

    The Lagnam Spintex IPO listing date is on Tuesday, September 18, 2018, at NSE SME.
  6. 6. What is the lot size of Lagnam Spintex IPO?

    Lagnam Spintex IPO lot size is 3000 Shares and the minimum order quantity is 3000 Shares.

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Lagnam Spintex IPO Review / Comments

Carn Mohan
133. Carn Mohan  Oct 11, 2018 18:12
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
15 tak layjai ga
Small Investor
133.2. Small Investor  Oct 20, 2018 12:51
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
Results on 22 oct 2018 its may be good and stock now moving up start
Small Investor
133.3. Small Investor  Oct 23, 2018 12:21
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
another 5% Upper Circuit now
from 16.85 to 20.15
Amit EM
132. Amit EM  Oct 11, 2018 13:45
Please suggest should i hold Lagnam Spintex Share or Sell at Current Market Price
Small Investor
131. Small Investor  Oct 10, 2018 12:05
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
130. Daval  Oct 4, 2018 17:09
Ye to loss me hi jaraha he
Esme se keshe bahar nekle
How to complement sebi?
Small Investor
130.1. Small Investor  Oct 5, 2018 11:22
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
Addy A
130.2. Addy A  Oct 5, 2018 11:45
Don't do avg for such kind of sme stocks. It's better to invest in fundamentally strong companies in falling market if you are having additional funds.
Carn Mohan
129. Carn Mohan  Oct 3, 2018 14:23
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
₹20 Kay nechay cerket Khola jaiga
Small Investor
129.1. Small Investor  Oct 4, 2018 11:12
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
yet seller equal 10%
Small Investor
128. Small Investor  Oct 2, 2018 14:09
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
Pls Admin Sir Facility of comments / reply on old SME Stock

jisse old sme stock ki information milti rhe

Small Investor
127. Small Investor  Oct 2, 2018 13:34
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
as on dtd 01-10-2018 few bulk deals in this stock
JAIN RASHMI      Bulk      Purchase      01 Oct 2018       26       201,000      NSE
JAIN UMESH KUMAR      Bulk      Purchase      01 Oct 2018      26      198,000      NSE
BHARAT H. JAIN - HUF      Bulk      Sell      01 Oct 2018      26      111,000      NSE
126. vishalgchokshi  Sep 27, 2018 10:39
I m going to complain in sebi against lagnam spintex bcs it was going to daily seller ciruit. its totally cheat of retails investor . Subscibepation figur is good fii also subscirbe. so why its seller circuit. I am going to sebi for complain . reveiw is also good.
126.1. GANESHRAM  Sep 28, 2018 06:09
It is high time devi takes action . What is the market maker doing?? Sleeping??
Small Investor
126.2. Small Investor  Sep 29, 2018 14:38
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
Now its buying time of this stock
125. Daval  Sep 27, 2018 12:27
Sell kese kare buye hi nai he
Sanjay parmar
124. Sanjay parmar  Sep 27, 2018 11:15
open lc around 5 rs
123. Daval  Sep 24, 2018 17:44
Muje sell kar nahe
Small Investor
123.3. Small Investor  Sep 25, 2018 12:16
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
investment krna hi h to sangam indai m kro bhilwada , raj base co.
Small Investor
123.4. Small Investor  Sep 25, 2018 12:17
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
LC open hoga 23-26 k aas pass
Carn Mohan
122. Carn Mohan  Sep 24, 2018 18:42
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
Fair value is ₹ 12 of this kapda company
Small Investor
122.1. Small Investor  Sep 25, 2018 12:15
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
means rs 2 premium Only
121. GrowYourMoney  Sep 24, 2018 11:15
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Mangal to Amangal...
Investors lost heavily..
Feeling bad for fellow Investors..
120. Daval  Sep 20, 2018 15:41
Muje sell karna he kese karu
119. Daval  Sep 20, 2018 15:40
Muje sell karna par kese karu ?
Carn Mohan
118. Carn Mohan  Sep 20, 2018 10:51
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
I think 2,3 lowercerket again.
117. Daval  Sep 19, 2018 17:10
Sell kar na he kese karu
116. Smeupdate  Sep 19, 2018 15:06
logo ne akshar spintex se nahi seekhakuch
115. GrowYourMoney  Sep 19, 2018 13:19
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Huge disappointment in Investors...
Feeling Cheated...
Small Investor
114. Small Investor  Sep 19, 2018 12:02
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
i will buy 1 lot at 30 levels

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