Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
|
Lagnam Spintex IPO is a fixed price issue of Rs 24.60 crores.
Lagnam Spintex IPO bidding started from September 4, 2018 and ended on September 7, 2018. The shares got listed on NSE SME on September 18, 2018.
Lagnam Spintex IPO price is ₹41 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹123,000.
Boi Merchant Bankers Ltd and Holani Consultants Private Limited are the book running lead managers of the Lagnam Spintex IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Lagnam Spintex IPO RHP for detailed information.
| IPO Date | September 4, 2018 to September 7, 2018 |
| Listing Date | September 18, 2018 |
| Face Value | ₹10 per share |
| Price | ₹41 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 6,000,000 shares (aggregating up to ₹24.60 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 300,000 shares |
Lagnam Spintex IPO offers 6,000,000 shares. 2,850,000 (47.50%) to NII, 2,850,000 (47.50%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 300,000 (5.00%) |
| Other Shares Offered | 2,850,000 (47.50%) |
| Retail Shares Offered | 2,850,000 (47.50%) |
| Total Shares Offered | 6,000,000 (100%) |
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹123,000 |
| Retail (Max) | 1 | 3000 | ₹123,000 |
| Lot Size Calculator | |||
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.
| 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)
[Dilip Davda] 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...
The Lagnam Spintex IPO is subscribed 4.97 times on September 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)
| Category | Subscription (times) |
|---|---|
| Other | 3.86 |
| Retail | 5.65 |
| Total | 4.97 |
| Listing Date | September 18, 2018 |
| BSE Script Code | |
| NSE Symbol | LAGNAM |
| ISIN | INE548Z01017 |
| Final Issue Price | ₹41 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹41.00 |
| ₹41.00 |
| ₹38.95 |
| ₹41.00 |
| ₹38.95 |
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: https://ipo.bigshareonline.com/ipo_status.html
SME Company Owners
We could help you get listed on the stock market.
Check our SME IPO Guide 
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 September 4, 2018, and closes on September 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 September 4, 2018 and closes on September 7, 2018.
Lagnam Spintex IPO lot size is 3000 Shares, and the minimum amount required is ₹123,000.
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, Nuvama, 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.
IPO Mentor (1100+ Posts, 400+ Likes)
Useful Articles
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|
|
RHP
IPO Guru (2000+ Posts, 1000+ Likes)
Top Contributor (400+ Posts, 400+ Likes)
