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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 Opening Date | Sep 4, 2018 |
| IPO Closing Date | Sep 7, 2018 |
| Issue Type | Fixed Price Issue IPO |
| 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 |
| Issue Size | 6,000,000 Eq Shares of ₹10 (aggregating up to ₹24.60 Cr) |
The Lagnam Spintex IPO market 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 (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹123,000 |
| Maximum | 1 | 3000 | ₹123,000 |
The Lagnam Spintex IPO is subscribed 4.97x times on Sep 7, 2018 18:00. The public issue subscribed 5.65x in the retail category, in the QIB category, and 3.86x in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | IPO Subscription |
|---|---|
| NII | 3.86x |
| RII | 5.65x |
| Total | 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 |
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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
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 is priced at ₹41 per equity 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 3000 Shares.
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.
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