Lagnam Spintex is migrating to NSE Mainboard in the near term. The process for the said move is underway. The company has announced a 5% dividend for FY21. The IPO that came at Rs. 41 per share is quoting around Rs. 28. If market sources to be believed, the textile sector is set for a booming period, and this company may be considered for investment at every decline for the medium to long term.