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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 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

Lagnam Spintex IPO Date Sep 4, 2018 to Sep 7, 2018
Lagnam Spintex IPO Face Value ₹10 per share
Lagnam Spintex IPO Price ₹41 per share
Lagnam Spintex IPO Lot Size 3000 Shares
Issue Size6,000,000 shares of ₹10
(aggregating up to ₹24.60 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
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.

Lagnam Spintex IPO Lot Size

The Lagnam Spintex IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹123,000).

Application Lots Shares Amount
Minimum 1 3000 ₹123,000
Maximum 1 3000 ₹123,000

Lagnam Spintex IPO Review

Considering track records, expansion plans, and the customer list, investors may consider an investment for long-term in this fully priced issue. Read detail review...

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Lagnam Spintex IPO Subscription Status (Bidding Detail)

The Lagnam Spintex IPO is subscribed 4.97 times on Sep 7, 2018 6:00:00 PM. The public issue subscribed 5.65 times in the retail category, times in the QIB category, and 3.86 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII3.86
Retail5.65
Total4.97

Lagnam Spintex IPO Prospectus

Lagnam Spintex IPO Rating

143
3.3
Rating:Rated 3.3 stars
Vote Here ...

Lagnam Spintex IPO Listing Date

Listing Date Tuesday, September 18, 2018
BSE Script Code
NSE Symbol LAGNAM
Listing In
ISIN INE548Z01017
IPO Price ₹41 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹41.00
Open: ₹41.00
Low: ₹38.95
High: ₹41.00
Last Trade: ₹38.95

Company Contact Information

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

Lagnam Spintex IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Lagnam Spintex IPO FAQs

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 is priced at ₹41 per share. The minimum order quantity is 3000 Shares.

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 lot size is 3000 Shares and the minimum order quantity is .

You can apply in Lagnam Spintex IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

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.

The Lagnam Spintex IPO listing date is on Tuesday, September 18, 2018.
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Lagnam Spintex IPO Message Board

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236 Comments

133. Carn Mohan |   Link |Oct 11, 2018 6:12:32 PM
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
15 tak layjai ga
133.2. Small Investor |   Link |Oct 20, 2018 12:51:12 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Results on 22 oct 2018 its may be good and stock now moving up start
133.3. Small Investor |   Link |Oct 23, 2018 12:21:38 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
another 5% Upper Circuit now
from 16.85 to 20.15
132. Amit EM |   Link |Oct 11, 2018 1:45:24 PM
Please suggest should i hold Lagnam Spintex Share or Sell at Current Market Price
131. Small Investor |   Link |Oct 10, 2018 12:05:06 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
NEXT LEVEL OF THIS STOCK WILL 13-15 RS IN 5-10 DAYS
130. Daval |   Link |Oct 4, 2018 5:09:43 PM
Ye to loss me hi jaraha he
Esme se keshe bahar nekle
How to complement sebi?
130.1. Small Investor |   Link |Oct 5, 2018 11:22:02 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
BUY 1 LOT AND AVG YOUR PRICE IF HOLD MONEY
130.2. Addy A |   Link |Oct 5, 2018 11:45:16 AM
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.
129. Carn Mohan |   Link |Oct 3, 2018 2:23:11 PM
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
Rs 20 Kay nechay cerket Khola jaiga
129.1. Small Investor |   Link |Oct 4, 2018 11:12:17 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
yet seller equal 10%
128. Small Investor |   Link |Oct 2, 2018 2:09:27 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Pls Admin Sir Facility of comments / reply on old SME Stock

jisse old sme stock ki information milti rhe

Thanks
127. Small Investor |   Link |Oct 2, 2018 1:34:13 PM
IPO Guru IPO Guru (1600+ Posts, 900+ 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 |   Link |Sep 27, 2018 10:39:14 AM
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 |   Link |Sep 28, 2018 6:09:07 AM
It is high time devi takes action . What is the market maker doing?? Sleeping??
126.2. Small Investor |   Link |Sep 29, 2018 2:38:21 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Now its buying time of this stock
125. Daval |   Link |Sep 27, 2018 12:27:21 PM
Sell kese kare buye hi nai he
124. Sanjay parmar |   Link |Sep 27, 2018 11:15:36 AM
open lc around 5 rs
123. Daval |   Link |Sep 24, 2018 5:44:25 PM
Muje sell kar nahe
123.3. Small Investor |   Link |Sep 25, 2018 12:16:54 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
investment krna hi h to sangam indai m kro bhilwada , raj base co.
123.4. Small Investor |   Link |Sep 25, 2018 12:17:54 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
LC open hoga 23-26 k aas pass
122. Carn Mohan |   Link |Sep 24, 2018 6:42:59 PM
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
Fair value is Rs 12 of this kapda company
122.1. Small Investor |   Link |Sep 25, 2018 12:15:12 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
means rs 2 premium Only
121. GrowYourMoney |   Link |Sep 24, 2018 11:15:29 AM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Mangal to Amangal...
Investors lost heavily..
Feeling bad for fellow Investors..
120. Daval |   Link |Sep 20, 2018 3:41:48 PM
Muje sell karna he kese karu
119. Daval |   Link |Sep 20, 2018 3:40:51 PM
Muje sell karna par kese karu ?
118. Carn Mohan |   Link |Sep 20, 2018 10:51:48 AM
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
I think 2,3 lowercerket again.
117. Daval |   Link |Sep 19, 2018 5:10:08 PM
Sell kar na he kese karu
116. Smeupdate |   Link |Sep 19, 2018 3:06:50 PM
logo ne akshar spintex se nahi seekhakuch
115. GrowYourMoney |   Link |Sep 19, 2018 1:19:46 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Huge disappointment in Investors...
Feeling Cheated...
114. Small Investor |   Link |Sep 19, 2018 12:02:10 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
i will buy 1 lot at 30 levels