Fixed Price IPO | ₹6 Cr | Listed at BSE SME | Mon, Mar 12, 2018 - Fri, Mar 23, 2018
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Mar 12, 2018
IPO Close
Fri, Mar 23, 2018
Issue Price
₹57 per share
Market Cap (Pre-IPO)
₹23.88 Cr
| IPO Date | 12 to 23 Mar, 2018 |
| Listed on | Wed, Apr 4, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹57 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 11,12,000 shares (agg. up to ₹6 Cr) |
| Reserved for Market Maker | 56,000 shares Sernet Financial Services Pvt.Ltd. (agg. up to ₹0.3192 Cr) |
| Fresh Issue (Ex Market Maker) | 10,56,000 shares (agg. up to ₹6 Cr) |
| Net Offered to Public | 10,56,000 shares (agg. up to ₹6 Cr) |
| Share Holding Pre Issue | 30,78,000 shares |
| Share Holding Post Issue | 41,90,000 shares |
| BSE Script Code | 541196 |
| ISIN | INE860Y01019 |
Lex Nimble Solutions IPO comprises a total issue size of 11,12,000 shares. The net offer to the public is 10,56,000 shares, after excluding 56,000 shares allotted on a firm basis. Of the Net offer 5,28,000 (50.00%) allocated to NII 5,28,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 5,28,000 | 50.00% | 47.48% |
| Retail Shares Offered | 5,28,000 | 50.00% | 47.48% |
| Firm Reservations | |||
| Market Maker Shares Offered | 56,000 | 5.04% | |
| Total Shares Offered | 11,12,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
The Lex Nimble Solutions IPO is subscribed 1.12 times on March 23, 2018 5:00:00 PM (Day 10). The public issue subscribed 0.25 times in the retail category, [.] times in the QIB category, and 2 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2 | 5,28,000 | 10,54,000 |
| Retail | 0.25 | 5,28,000 | 1,32,000 |
| Total | 1.12 | 10,56,000 | 11,86,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Management fees including fees and reimbursements of Market Making fees, Selling Commissions, Brokerages, and payment to other intermediaries such as Registrars and other out of pocket expenses | 0.32 |
| 2 | Printing & stationery, Distribution, Postage etc. | 0.03 |
| 3 | Advertisement and marketing expenses | 0.03 |
| 4 | Regulatory and other expenses | 0.06 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹57.00 |
| Open | ₹58.65 |
| Low | ₹55.35 |
| High | ₹58.65 |
| Last Trade | ₹55.35 |
Lead Manager Reports
Lex Nimble Solutions IPO is a SME IPO of 11,12,000 equity shares of the face value of ₹10 aggregating up to ₹6 Crores. The issue is priced at ₹57 per share. The minimum order quantity is 2000.
The IPO opens on Mon, Mar 12, 2018, and closes on Fri, Mar 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 Mon, Mar 12, 2018 and closes on Fri, Mar 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 Wed, Apr 4, 2018.
