The Lex Nimble Solutions date has been confirmed from March 12, 2018 and ended on March 23, 2018.
Lex Nimble Solutions Developers IPO is a fixed price issue of Rs 6.34 crores. The price is ₹57 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹114,000.
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Bidding Dates
March 12-23
Price Range
₹57 per share
Face Value
₹10 per share
GMP
₹69.87
Lex Nimble Solutions IPO GMP
The Lex Nimble Solutions IPO GMP is ₹69.87.
IPO Overview
Lex Nimble Solutions’ initial public offering (IPO) has a set price of Rs 6.34 crores. The IPO auction for Lex Nimble Solutions began on March 12, 2018 and finished on March 23, 2018. On April 4, 2018, the shares were listed on the BSE SME. The IPO price for Lex Nimble Solutions is 57 cents per share.
A lot size of 2000 shares is required for an application. Retail investors must make a minimum commitment of ₹140,000. They have completed various projects in the fields of quality management system implementation, Six sigma implementation, information security consultation, and security testing. The company just obtained CMMI level 2 certification and now intends to expand into new business categories.
Lex Nimble Solutions IPO Details
| IPO Date | March 12, 2018 to March 23, 2018 |
| Listing Date | April 4, 2018 |
| Face Value | ₹10 per share |
| Price | ₹57 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 1,112,000 shares (aggregating up to ₹6.34 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 56,000 shares |
Lex Nimble Solutions IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹114,000 |
| Retail (Max) | 1 | 2000 | ₹114,000 |
Lex Nimble Solutions IPO Listing Details
| Listing Date | April 4, 2018 |
| BSE Script Code | 541196 |
| NSE Symbol | |
| ISIN | INE860Y01019 |
| Final Issue Price | ₹57 per share |
Company Profile
Lex Nimble Solutions Ltd, founded in 2012, is in the appraisal advisory, certification, training, and related services on quality models, IT product and development, and services business. Lex Nimble Solutions Ltd. (LNSL) is a wholly owned subsidiary of Lex Nimble Solutions Inc., USA, which owns 97.81% of the firm. The following are the primary revenue streams:
- IT application development, maintenance and support: They offer back office support in developing customer centric applications along with maintenance and support services.
- 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
- Corporate training: They offer customized training which includes understanding client specific needs and training them.
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 | Lex Nimble Solutions Ltd |
| Phone number | +91-40-23122330 |
| Email ID | investment@lexnimble.in |
| Website | lexnimble.in |
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.
