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Lagnam Spintex IPO is a fixed price issue of ₹24.60 crores. The issue is entirely a fresh issue of 0.60 crore shares of ₹24.60 crore.
Lagnam Spintex IPO bidding started from Sep 4, 2018 and ended on Sep 7, 2018. The shares got listed on NSE SME on Sep 18, 2018.
Lagnam Spintex IPO price is ₹41.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,23,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,46,000.
BOI Merchant Bankers Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Maverick Share Brokers Pvt.Ltd..
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 |
| Issue Price Band | |
| Issue Price Final | ₹41 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 60,00,000 shares (aggregating up to ₹24.60 Cr) |
| Reserved for Market Maker | 3,00,000 shares Maverick Share Brokers Pvt.Ltd. (aggregating up to ₹1.23 Cr) |
| Net Offered to Public | 57,00,000 shares (aggregating up to ₹23.37 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,16,69,000 shares |
| Share Holding Post Issue | 1,76,69,000 shares |
Lagnam Spintex IPO offers total 60,00,000 shares. Out of which 28,50,000 (47.50%) allocated to NII, 28,50,000 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,00,000 (5.00%) |
| NII (HNI) Shares Offered | 28,50,000 (47.50%) |
| Retail Shares Offered | 28,50,000 (47.50%) |
| Total Shares Offered | 60,00,000 (100.00%) |
Lagnam Spintex IPO opens on September 4, 2018, and closes on September 7, 2018.
| IPO Open Date | Tue, Sep 4, 2018 |
| IPO Close Date | Fri, Sep 7, 2018 |
| Tentative Listing Date | Tue, Sep 18, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Sep 7, 2018 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,23,000 |
| Retail (Max) | 1 | 3,000 | ₹1,23,000 |
| HNI (Min) | 2 | 6,000 | ₹2,46,000 |
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...
| Listing Date | September 18, 2018 |
| BSE Script Code | |
| NSE Symbol | LAGNAM |
| ISIN | INE548Z01017 |
| Final Issue Price | ₹41 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹41.00 |
| Open | ₹41.00 |
| Low | ₹38.95 |
| High | ₹41.00 |
| Last Trade | ₹38.95 |
Lagnam Spintex Ltd.
A-51-53
RIICO Growth Centre
Hamirgarh
Bhilwara, Rajasthan, 311001
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
Lagnam Spintex IPO is a SME IPO of 60,00,000 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.
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.
Zerodha customers can apply online in Lagnam Spintex IPO using UPI as a payment gateway. Zerodha customers can apply in Lagnam Spintex IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Lagnam Spintex IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Lagnam Spintex IPO opens on September 4, 2018 and closes on September 7, 2018.
Lagnam Spintex IPO lot size is 3000, and the minimum amount required for application is ₹1,23,000.
You can apply in Lagnam Spintex IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The Lagnam Spintex IPO listing date is on Tuesday, September 18, 2018.
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