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
Phone No. +91 014 82 289210
Email id:-
Registrar of Lagnam Spintex Ltd IPO
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
Investor Grievance Email:
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
Tel No:- +91 0141-2203995
Fax No:- +91 0141-220259
Email Id:-
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),
Tel No:- 022-61312906
Contact Person:- Mr. Siddhesh Hajare
SEBI Registration No:- INM000012201

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