The Lagnam Spintex IPO date has been confirmed from September 4, 2018 and ended on September 7, 2018. Read the post to learn about Lagnam Spintex IPO GMP.
Lagnam Spintex Developers IPO is a fixed price issue of Rs24.60 crores. The price is ₹ 41 per share. An operation requires a minimum lot size of 3000 shares. The minimal investment for retail investors is ₹ 123,000.
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Key Details Of Lagnam Spintex IPO:
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 Today GMP is ₹92.30.
Lagnam Spintex IPO Overview
Lagnam Spintex’s IPO is a fixed- price immolation for Rs24.60 crore. Lagnam Spintex’s IPO bidding started on September 4, 2018 and ended on September 7, 2018. The shares were listed on the NSE SME on September 18, 2018. Lagnam Spintex’s IPO price is ₹ 41 per share. The Lagnam Spintex IPO GMP is ₹92.30.
The minimal lot size for an operation is 3000 shares. Retail investors can make a minimal investment of ₹ 123,000. Net Profit after Tax has increased at a CAGR of over 43% in the last three times. The company’s payroll consists of 79 regular workers.
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, established in 2010, is a Rajasthan- grounded establishment that produces high- quality yarn. The yarn has a variety of uses, including denim, terry apkins, bottom wear and tear, home fabrics, and artificial fabrics. The company’s product factory is in Bhilwara District, Rajasthan State. The plant covers 10,000 square meters and has the intention 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 deals.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | [email protected] |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Lagnam Spintex Limited |
| Phone number | +91 014 82 289210 |
| Email ID | [email protected] |
| Website | lagnamspintex.com |
IPO Strengths
- 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.
Lagnam Spintex IPO FAQs
When Lagnam Spintex IPO will open?
The Lagnam Spintex IPO opens on September 4, 2018 and closes on September 7, 2018.
What is the lot size of Lagnam Spintex IPO?
Lagnam Spintex IPO lot size is 3000 Shares, and the minimum amount required is ₹123,000.
When is Lagnam Spintex IPO allotment?
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 [.].
When is Lagnam Spintex IPO listing date?
The Lagnam Spintex IPO listing date is on September 18, 2018.
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