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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 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

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

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

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

Lagnam Spintex IPO Prospectus

Lagnam Spintex IPO Rating

143
3.3
Rating:Rated 3.3 stars

Vote Here ...

Lagnam Spintex IPO Listing Date

Listing DateTuesday, September 18, 2018
BSE Script Code
NSE SymbolLAGNAM
Listing In
ISININE548Z01017
Issue PriceRs 41 Per Equity Share
Face ValueRs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
NSE SME
Issue Price:Rs 41.00
Open:Rs 41.00
Low:Rs 38.95
High:Rs 41.00
Last Trade:Rs 38.95
Volume:924,000

Lagnam Spintex IPO Reviews / Ratings

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
   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

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Lagnam Spintex IPO Review / Comments

Carn Mohan
133. Carn Mohan  Oct 11, 2018 18:12 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
15 tak layjai ga
Small Investor
133.2. Small Investor  Oct 20, 2018 12:51 I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 300+ 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 I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
another 5% Upper Circuit now
from 16.85 to 20.15
Amit EM
132. Amit EM  Oct 11, 2018 13:45 I Like It. | Report Abuse
Please suggest should i hold Lagnam Spintex Share or Sell at Current Market Price
Small Investor
131. Small Investor  Oct 10, 2018 12:05 I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
NEXT LEVEL OF THIS STOCK WILL 13-15 RS IN 5-10 DAYS
Daval
130. Daval  Oct 4, 2018 17:09 I Like It. | Report Abuse
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 I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
BUY 1 LOT AND AVG YOUR PRICE IF HOLD MONEY
Addy A
130.2. Addy A  Oct 5, 2018 11:45 I Like It. | Report Abuse
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 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
₹20 Kay nechay cerket Khola jaiga
Small Investor
129.1. Small Investor  Oct 4, 2018 11:12 I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
yet seller equal 10%
Small Investor
128. Small Investor  Oct 2, 2018 14:09 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
Pls Admin Sir Facility of comments / reply on old SME Stock

jisse old sme stock ki information milti rhe

Thanks
Small Investor
127. Small Investor  Oct 2, 2018 13:34 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 300+ 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
vishalgchokshi
126. vishalgchokshi  Sep 27, 2018 10:39 I Like It. 2 | Report Abuse
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.
GANESHRAM
126.1. GANESHRAM  Sep 28, 2018 06:09 I Like It. | Report Abuse
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 I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
Now its buying time of this stock
Daval
125. Daval  Sep 27, 2018 12:27 I Like It. | Report Abuse
Sell kese kare buye hi nai he
Sanjay parmar
124. Sanjay parmar  Sep 27, 2018 11:15 I Like It. | Report Abuse
open lc around 5 rs
Daval
123. Daval  Sep 24, 2018 17:44 I Like It. | Report Abuse
Muje sell kar nahe
Small Investor
123.3. Small Investor  Sep 25, 2018 12:16 I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 300+ 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 I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
LC open hoga 23-26 k aas pass
Carn Mohan
122. Carn Mohan  Sep 24, 2018 18:42 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Fair value is ₹ 12 of this kapda company
Small Investor
122.1. Small Investor  Sep 25, 2018 12:15 I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
means rs 2 premium Only
GrowYourMoney
121. GrowYourMoney  Sep 24, 2018 11:15 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Mangal to Amangal...
Investors lost heavily..
Feeling bad for fellow Investors..
Daval
120. Daval  Sep 20, 2018 15:41 I Like It. | Report Abuse
Muje sell karna he kese karu
Daval
119. Daval  Sep 20, 2018 15:40 I Like It. | Report Abuse
Muje sell karna par kese karu ?
Carn Mohan
118. Carn Mohan  Sep 20, 2018 10:51 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
I think 2,3 lowercerket again.
Daval
117. Daval  Sep 19, 2018 17:10 I Like It. | Report Abuse
Sell kar na he kese karu
Smeupdate
116. Smeupdate  Sep 19, 2018 15:06 I Like It. | Report Abuse
logo ne akshar spintex se nahi seekhakuch
GrowYourMoney
115. GrowYourMoney  Sep 19, 2018 13:19 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Huge disappointment in Investors...
Feeling Cheated...
Small Investor
114. Small Investor  Sep 19, 2018 12:02 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
i will buy 1 lot at 30 levels



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