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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 Date: Tuesday, September 18, 2018
  •   ›  BSE Script Code:
  •   ›  NSE Symbol: LAGNAM
  •   ›  Listing In:
  •   ›  ISIN: INE548Z01017
  •   ›  Issue Price: Rs 41 Per Equity Share
  •   ›  Face Value: Rs 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   »  Report
   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

avatar
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
avatar
133.2. Small Investor  Oct 20, 2018 12:51 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Results on 22 oct 2018 its may be good and stock now moving up start
avatar
133.3. Small Investor  Oct 23, 2018 12:21 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
another 5% Upper Circuit now
from 16.85 to 20.15
avatar
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
avatar
131. Small Investor  Oct 10, 2018 12:05 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
NEXT LEVEL OF THIS STOCK WILL 13-15 RS IN 5-10 DAYS
avatar
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?
avatar
130.1. Small Investor  Oct 5, 2018 11:22 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
BUY 1 LOT AND AVG YOUR PRICE IF HOLD MONEY
avatar
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.
avatar
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
avatar
129.1. Small Investor  Oct 4, 2018 11:12 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
yet seller equal 10%
avatar
128. Small Investor  Oct 2, 2018 14:09 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Pls Admin Sir Facility of comments / reply on old SME Stock

jisse old sme stock ki information milti rhe

Thanks
avatar
127. Small Investor  Oct 2, 2018 13:34 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ 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
avatar
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.
avatar
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??
avatar
126.2. Small Investor  Sep 29, 2018 14:38 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Now its buying time of this stock
avatar
125. Daval  Sep 27, 2018 12:27 I Like It. | Report Abuse
Sell kese kare buye hi nai he
avatar
124. Sanjay parmar  Sep 27, 2018 11:15 I Like It. | Report Abuse
open lc around 5 rs
avatar
123. Daval  Sep 24, 2018 17:44 I Like It. | Report Abuse
Muje sell kar nahe
avatar
123.3. Small Investor  Sep 25, 2018 12:16 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
investment krna hi h to sangam indai m kro bhilwada , raj base co.
avatar
123.4. Small Investor  Sep 25, 2018 12:17 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
LC open hoga 23-26 k aas pass
avatar
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
avatar
122.1. Small Investor  Sep 25, 2018 12:15 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
means rs 2 premium Only
avatar
121. GrowYourMoney  Sep 24, 2018 11:15 I Like It. | Report Abuse
Mangal to Amangal...
Investors lost heavily..
Feeling bad for fellow Investors..
avatar
120. Daval  Sep 20, 2018 15:41 I Like It. | Report Abuse
Muje sell karna he kese karu
avatar
119. Daval  Sep 20, 2018 15:40 I Like It. | Report Abuse
Muje sell karna par kese karu ?
avatar
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.
avatar
117. Daval  Sep 19, 2018 17:10 I Like It. | Report Abuse
Sell kar na he kese karu
avatar
116. Smeupdate  Sep 19, 2018 15:06 I Like It. | Report Abuse
logo ne akshar spintex se nahi seekhakuch
avatar
115. GrowYourMoney  Sep 19, 2018 13:19 I Like It. | Report Abuse
Huge disappointment in Investors...
Feeling Cheated...
avatar
114. Small Investor  Sep 19, 2018 12:02 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
i will buy 1 lot at 30 levels



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