Lagnam Spintex Ltd IPO

Lagnam Spintex Ltd was Founded in 2010 and EBIDTA positive since inception. our company is an ISO 9001:2015 certified Company engaged in the business of manufacture of high quality open end yarn for domestic and export market ranging from count Ne 4 to Ne 20 which is used in Denim, Terry Towels, Bottom Wears, Home Textiles and Industrial Fabrics etc.

The manufacturing facility of Our Company is situated at A- 53, RIICO Growth Centre, Hamirgarh of Bhilwara District in Rajasthan State and spreads over 10,000 square meters. Our Company has at present an installed capacity of 1,920 rotors for cotton yarn having capacity to produce16.5 tonnes per day of high quality yarn. We have continuously expanded and modernized our facilities in line with the industry trend. Our plant is equipped with modern and automatic plant and machinery. The level of advancement determines the productivity of machines and labour, which in turn, determines the production, operating cost and profitability of Our Company.

Our Company is presently exporting cotton yarns to countries like Portugal, Italy, Germany, Belgium, South Africa, Slovania, Columbia, China, Pakistan, Bangladesh and others. We supply to customers, who are in fields like apparel and garment industry, industrial fabrics, towels, Denims etc. At present, Our Company is exporting its products to countries, which are expected to grow in forthcoming times thereby offering more scope for Our Company to develop new markets and to increase our presence accordingly.

Lagnam Spintex Ltd IPO Details
Issue Open	04-09-2018
Issue Close	07-09-2018
Allotment Date	13-09-2018
Unblocked Amount	14-09-2018
Listing Date	18-09-2018
Issue Share	60,00,000 Total Equity Share 3,00,000 Reserved by Market Maker 57,00,000 Equity Share
Issue Size	₹ 24.60 Cr
IPO Price Band	₹ 41
Minimum Share Bid	3000
Minimum Investment Amount [Rs]	₹ 1,23,000
Face Value	₹ 10
Retail Allocation	50%
Listing On	NSE SME

Lagnam Spintex Ltd IPO Gray Market Value
Latest Update	05-09-2018 : 10:00 AM
Kostak Price [As Per Market View]	700
Premium [Per Share] [As Per Market View]	-
Expected Listing Gain [Subject to Sauda]	9000

Lagnam Spintex Ltd IPO Financial details [in Rs, Cr]
Financial Year	Total Revenue	Total Expenses	Profit After Tax
FY-2013	-	-	-
FY-2014	42.06	40.30	1.44
FY-2015	49.83	47.96	1.57
FY-2016	56.56	23.38	2.08
FY-2017	75.38	69.87	3.67
FY-2018	84.54	78.81	4.68
-	-	-	-

Lagnam Spintex Ltd IPO Valuation Details
Earnings Per Share [EPS]	₹ 4.15
Price/Earnings [P/E] Ratio	9.68
Return on Net Worth [RoNW]	17.72 %
Net Asset Value [NAV]	₹ 23.42 Per Share

Lagnam Spintex Ltd IPO Subscription Details
As on Date	QIB/NII	RII	Total
Shared Offred	28,50,000	28,50,000	57,00,000
Day-1 [04-09-2018]	8,37,000 [0.29]	7,17,000 [0.25]	15,54,000 [0.27]
Day-2 [05-09-2018]	10,35,000 [0.36]	24,27,000 [0.85]	34,62,000 [0.61]
Day-3 [06-09-2018]	12,15,000 [0.43]	57,93,000 [2.03]	70,08,000 [1.23]
Day-4 [07-09-2018]	1,22,19,000 [4.28]	1,60,89,000 [5.65]	2,83,08,000 [4.97]

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Lagnam Spintex Ltd IPO Recommendations
Live IPO Team Recommendation:- Neutral

Lagnam Spintex Ltd IPO Contact Details
Lagnam Spintex Limited A-51-53 RIICO Growth Centre Hamirgarh, Bhilwara-311001 Rajasthan, India Phone No. +91 014 82 289210 Email id:- rparashar@lagnam.com Website:- www.lagnamspintex.com

Registrar of Lagnam Spintex Ltd IPO
BIGSHARE SERVICES PRIVATE LIMITED 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis Makwana Road, Marol, Andheri (East), Mumbai – 400 059 Tel No.: +91 22 6263 8200 Fax No.: +91 22 6263 8299 Email: ipo@bigshareonline.com Website:www.bigshareonline.com Investor Grievance Email: investor@bigshareonline.com Contact Person: Mr. Ashok Shetty SEBI Registration No.: INR000001385

Lead Managers of Lagnam Spintex Ltd IPO

Holani Consultants Pvt. Ltd 401 - 405 & 416 - 418, 4th Floor, Soni Paris Point, Jai Singh Highway, Bani Park, Jaipur- 302016 Rajasthan Tel No:- +91 0141-2203995 Fax No:- +91 0141-220259 Email Id:- ipo@holaniconsultants.co.in Website:- www.holaniconsultants.co.in Contact Person:- Mr. Bharat Mantri SEBI Registration No:- INM000012467 BOI Merchant Bankers Ltd Star House-II, Ground Floor, Plot No. C-4, G-Block, Bandra-Kurla Complex, Bandra (E), Mumbai, Maharashtra-400051 India Tel No:- 022-61312906 Email Id:-info@boimb.com Website:- www.boimb.com Contact Person:- Mr. Siddhesh Hajare SEBI Registration No:- INM000012201