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Lex Nimble Solutions IPO is a fixed price issue of ₹6.34 crores. The issue is entirely a fresh issue of 0.11 crore shares of ₹6.34 crore.
Lex Nimble Solutions IPO bidding started from Mar 12, 2018 and ended on Mar 23, 2018. The shares got listed on BSE SME on Apr 4, 2018.
Lex Nimble Solutions IPO price is ₹57.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,14,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,28,000.
Quintessence Enterprise Pvt.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 Sernet Financial Services Pvt.Ltd..
Refer to Lex Nimble Solutions IPO RHP for detailed Information.
| IPO Date | March 12, 2018 to March 23, 2018 |
| Listing Date | April 4, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹57 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 11,12,000 shares (aggregating up to ₹6.34 Cr) |
| Reserved for Market Maker | 56,000 shares Sernet Financial Services Pvt.Ltd. (aggregating up to ₹0.3192 Cr) |
| Net Offered to Public | 10,56,000 shares (aggregating up to ₹6.02 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 30,78,000 shares |
| Share Holding Post Issue | 41,90,000 shares |
Lex Nimble Solutions IPO offers total 11,12,000 shares. Out of which 5,28,000 (47.48%) allocated to NII, 5,28,000 (47.48%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 56,000 (5.04%) |
| NII (HNI) Shares Offered | 5,28,000 (47.48%) |
| Retail Shares Offered | 5,28,000 (47.48%) |
| Total Shares Offered | 11,12,000 (100.00%) |
Lex Nimble Solutions IPO opens on March 12, 2018, and closes on March 23, 2018.
| IPO Open Date | Mon, Mar 12, 2018 |
| IPO Close Date | Fri, Mar 23, 2018 |
| Tentative Listing Date | Wed, Apr 4, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Mar 23, 2018 |
Investors can bid for a minimum of 2,000 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 | 2,000 | ₹1,14,000 |
| Retail (Max) | 1 | 2,000 | ₹1,14,000 |
| HNI (Min) | 2 | 4,000 | ₹2,28,000 |
Incorporated in 2012, Lex Nimble Solutions Ltd is engaged in business of Appraisal Advisory, Certification, training and related services on quality models, IT product and development and services. Lex Nimble Solutions Ltd. (LNSL) is a subsidiary of Lex Nimble Solutions Inc., USA that holds 97.81% stake in the company. The major revenue streams are:
1. IT application development, maintenance and support:
They offer back office support in developing customer centric applications along with maintenance and support services.
2. Development and maintenance of portals and mobile applications:
They offer support in developing and maintaining enterprise information portals or corporate portals. They also develop location aware mobile solutions. They have recently done development of mobile application and web application compatibility for Dubai port authority
3. Corporate training:
They offer customized training which includes understanding client specific needs and training them.
4. Consulting:
They have done several assignments in the areas of Quality management system implementation, Six sigma implementation, Information security consulting, Security testing related assignments. Company recently acquired the CMMI level 2 certification and now plans to foray into new segments of business.
The Company Lex Nimble Solutions IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Foraying into CMMI consulting | 1.59 |
| 2 | Establishment as an ISO certifying body | 1.59 |
| 3 | Customisation of SimpleLaw for the Indian market | 1.91 |
| 4 | General Corporate Purposes | 0.81 |
| 5 | Issue Expenses | 0.44 |
[Dilip Davda] <p>Issue is highly priced compared to its inconsistent performance so far. Paid up equity is rising from Rs. 0.51 crore to Rs. 4.19 crore. There is no harm in giving this issue a miss.</p> Read detail review...
| Listing Date | April 4, 2018 |
| BSE Script Code | 541196 |
| NSE Symbol | |
| ISIN | INE860Y01019 |
| Final Issue Price | ₹57 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹57.00 |
| Open | ₹58.65 |
| Low | ₹55.35 |
| High | ₹58.65 |
| Last Trade | ₹55.35 |
Lex Nimble Solutions Ltd.
Q3 Module A1, 10th Floor,
0th Floor, Cyber Towers,
Hitec City, Madhapur,
Hyderabad, Telangana, 500081
Phone: +91-40-23122330
Email: investment@lexnimble.in
Website: http://www.lexnimble.in
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Lex Nimble Solutions IPO is a SME IPO of 11,12,000 equity shares of the face value of ₹10 aggregating up to ₹6.34 Crores. The issue is priced at ₹57 per share. The minimum order quantity is 2000.
The IPO opens on March 12, 2018, and closes on March 23, 2018.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Lex Nimble Solutions IPO using UPI as a payment gateway. Zerodha customers can apply in Lex Nimble Solutions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Lex Nimble Solutions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Lex Nimble Solutions IPO opens on March 12, 2018 and closes on March 23, 2018.
Lex Nimble Solutions IPO lot size is 2000, and the minimum amount required for application is ₹1,14,000.
You can apply in Lex Nimble Solutions 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 Lex Nimble Solutions IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Lex Nimble Solutions IPO allotment status.
The Lex Nimble Solutions IPO listing date is on Wednesday, April 4, 2018.
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