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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 (Live)

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
Fax:
Email: rparashar@lagnam.com
Website: http://www.lagnamspintex.com

Lagnam Spintex IPO Registrar

Bigshare Services Pvt. Ltd   »  Report
   Bigshare Services Pvt Ltd E-2 & 3,
   Ansa Industrial Estate, Saki-Vihar Road,
   Sakinaka, Andheri(E), Mumbai - 400 072

Phone: 91-22-40430200
Fax: 91-22-2847 5207
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 Reply
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
15 tak layjai ga
avatar
133.1. Small Investor  Oct 18, 2018 12:37 I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
stock now moving in UP side next lavel is 30-35 till diwali
avatar
132. Amit EM  Oct 11, 2018 13:45 I Like It. | Report Abuse Reply
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 Reply
Top Contributor Top Contributor (400+ Posts, 100+ 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 Reply
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
Top Contributor Top Contributor (400+ Posts, 100+ 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 Reply
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
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
yet seller equal 10%
avatar
128. Small Investor  Oct 2, 2018 14:09 I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 100+ 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 Reply
Top Contributor Top Contributor (400+ Posts, 100+ 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. gala  Sep 6, 2018 13:14 I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Not applying vry tepid response nii ... And look the subscription is very similar to akshar spintex which also had gmp
avatar
126.2. Earthking  Sep 6, 2018 14:57 I Like It. | Report Abuse
Closing only tomorrow not today ... So see tomorrow's data and decide
avatar
126.3. Small Investor  Oct 2, 2018 13:25 I Like It. 1 | Report Abuse
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
@ commonman now we buy lagnam spitex now
avatar
125. NEMI CHAND AJMERA  Sep 6, 2018 16:11 I Like It. 1 | Report Abuse Reply
In the month of January a sme issue came in the name of SKS TEXTILE@150 per share.That is now available @rs 42 only.Its fy18 profit was 1.96 cr and Eps was 6.01 presenly available at 7 PE multiple only.Compare it with lagnam which fy 18 profit is 4.68 cr and after issue market cap will be 73.67 cr. thus available at nearly 16 PE multiple which is too costly as compaired to SKS Textile.Also Sks is much higher brand in reputation with produces Pierricarrlo,Cotbbelly brand clothes and also associated with Raymond,Arvind, Siyaram and Digjam for finishing job work.SKS yearly sales are 162 cr while its present market cap is only14.34 cr while Lagnam yrly sales is only 84 cr with market cap 73.67 cr .The issue of SKS was over subscribed 22 times in retail and 15 times over all at that time. So it is my opinion that it is better purchase SKS TEXTILE from open market rather than to go Lagnam.
avatar
125.1. Small Investor  Oct 2, 2018 13:24 I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Sir can i buy lagnam at this lavel @ 25-26 ?
avatar
124. vishalgchokshi  Sep 27, 2018 10:39 I Like It. 2 | Report Abuse Reply
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
124.1. 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
124.2. Small Investor  Sep 29, 2018 14:38 I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Now its buying time of this stock
avatar
123. Daval  Sep 27, 2018 12:27 I Like It. | Report Abuse Reply
Sell kese kare buye hi nai he
avatar
122. Sanjay parmar  Sep 27, 2018 11:15 I Like It. | Report Abuse Reply
open lc around 5 rs
avatar
121. sahil broker  Sep 4, 2018 14:33 I Like It. | Report Abuse Reply
subject to sauda rs 8000
avatar
121.1. 📞📞📞 IPO CALLING 📞📞📞  Sep 4, 2018 17:32 I Like It. 1 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Whare boss ? .....
avatar
121.2. Small Investor  Sep 25, 2018 12:27 I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
yha sme platforme pr S2S -30000

hahhahahah
avatar
120. Hiteshji  Sep 7, 2018 16:08 I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts)
Those who booked loss in marshall,
can cover loss in this ipo, if they got allotment.
avatar
120.1. Small Investor  Sep 25, 2018 12:25 I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
marshal is the best i earn in this stock rs 16500 ( marshal )
avatar
119. Vijay M Agrawal  Sep 14, 2018 13:17 I Like It. | Report Abuse Reply
GOT 4/6
avatar
119.1. Small Investor  Sep 25, 2018 12:24 I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
aapne kya kiya sir sell kiya ya abhi bhi LM se koi ummed h
avatar
118. Naresh Menghani  Sep 14, 2018 14:29 I Like It. | Report Abuse Reply
4/6 very Lucky . I just got 1/10. Will be listed at RS 45
avatar
118.1. Small Investor  Sep 25, 2018 12:23 I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
ab kitna lucky ho sir ji aap
avatar
117. Daval  Sep 24, 2018 17:44 I Like It. | Report Abuse Reply
Muje sell kar nahe
avatar
117.3. Small Investor  Sep 25, 2018 12:16 I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
investment krna hi h to sangam indai m kro bhilwada , raj base co.
avatar
117.4. Small Investor  Sep 25, 2018 12:17 I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
LC open hoga 23-26 k aas pass
avatar
116. Carn Mohan  Sep 24, 2018 18:42 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Fair value is ₹ 12 of this kapda company
avatar
116.1. Small Investor  Sep 25, 2018 12:15 I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
means rs 2 premium Only
avatar
115. GrowYourMoney  Sep 24, 2018 11:15 I Like It. | Report Abuse Reply
Mangal to Amangal...
Investors lost heavily..
Feeling bad for fellow Investors..
avatar
114. Daval  Sep 20, 2018 15:41 I Like It. | Report Abuse Reply
Muje sell karna he kese karu
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