The Lagnam Spintex date has been confirmed from September 4, 2018 and ended on September 7, 2018.
Lagnam Spintex Developers IPO is a fixed price issue of Rs 24.60 crores. The price is ₹41 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹123,000.
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Bidding Dates
September 4-7
Price Range
₹41 per share
Face Value
₹10 per share
GMP
₹92.30
Lagnam Spintex IPO GMP
The Lagnam Spintex IPO GMP is ₹92.30.
IPO Overview
Lagnam Spintex IPO is a fixed-price offering of Rs 24.60 crore. Lagnam Spintex’s IPO bidding began on September 4, 2018 and finished on September 7, 2018. The shares were floated on the NSE SME on September 18, 2018. Lagnam Spintex’s IPO price is ₹41 per share.
The minimum lot size for an application is 3000 shares. The minimum investment for retail investors is ₹123,000. Net Profit after Tax has increased at a CAGR of over 43% over the last three years. The company’s payroll includes 79 permanent employees.
Lagnam Spintex IPO Details
| IPO Date | September 4, 2018 to September 7, 2018 |
| Listing Date | September 18, 2018 |
| Face Value | ₹10 per share |
| Price | ₹41 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 6,000,000 shares (aggregating up to ₹24.60 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 300,000 shares |
Lagnam Spintex Company Financials
| 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 | |
Lagnam Spintex IPO Listing Details
| Listing Date | September 18, 2018 |
| BSE Script Code | |
| NSE Symbol | LAGNAM |
| ISIN | INE548Z01017 |
| Final Issue Price | ₹41 per share |
Company Profile
Lagnam Spintex Limited, founded in 2010, is a Rajasthan-based company that manufactures high-quality yarn (Ne 4 to Ne 20). Denim, Terry Towels, Bottom Wear, Home Textiles, and Industrial Fabrics are some of the applications for the yarn. The Company’s manufacturing facility is located in Bhilwara District, Rajasthan State. The factory covers 10,000 square metres and has the potential to manufacture 16.5 tonnes of high-quality yarn per day. Lagnam Spintex now exports its products to Germany, Belgium, Portugal, Italy, Columbia, South Africa, Slovenia, China,
Pakistan, and Bangladesh, among others. Exports represent 18.90% of the company’s manufacturing sales.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Lagnam Spintex Limited |
| Phone number | +91 014 82 289210 |
| Email ID | rparashar@lagnam.com |
| Website | lagnamspintex.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
