Monday, August 27, 2018

Lagnam Spintex IPO Review, Dates, Price Band, Allotment & Market Lot

Lagnam Spintex Limited is incorporated in 2010 based in Rajasthan. The company is a manufacturer of yarn. Their yarn used in Denim, Terry Towel, Home Textiles, Industrial Fabrics, etc. Their Bhilwara manufacturing facility spread over 10000 square meters. They have 16.5 tones production capacity of high quality yarns in one day. They export their products to Columbia, South Africa, Italy, Slovenia, China, Pakistan, Bangladesh, Germany, Belgium, Portugal, etc. Lagnam Spintex ipo is starting from 04-September and ends on 07-September. The price band is around Rs.41 with 3000 market lot. The ipo size is around 24.60 crore rupees.

IPO Review:
  • Go for Long Term
Lagnam Spintex IPO Dates & Price Band:
  • IPO Open: 04-September-2018
  • IPO Close: 07-September-2018
  • IPO Size: Approx Rs 24.60 Crore
  • Face Value: Rs.10 Per Equity Share
  • Price Band: Rs.41 Per Equity Share
  • Listing on: NSE SME
  • Shares: 6,000,000
  • Retail Portion: 50%
IPO Market Lot:
  • Shares: Apply for 3,000 Shares (Minimum Lot Size)
  • Amount: Rs.1,23,000
IPO Allotment & Listing:
  • Basis of Allotment: 14-September-2018
  • Refunds: 17-September-2018
  • Credit to demat accounts: 18-September-2018
  • Listing: 19-September-2018
Financial Results:
  Rs. in Crore
Revenue Expense PAT
2014 42.06 40.30 1.45
2015 49.83 47.97 1.58
2016 56.56 53.38 2.08
2017 75.38 69.87 3.67
2018 84.54 78.82 4.68
Lagnam Spintex IPO Important Links:
Company Promoters:
  • Mr. Dwarka Prasad Mangal
  • Mr. Anand Mangal
  • Lagnam Infotech Solutions Private Limited
Quick Links:
Draft Red Herring Prospectus
Red Herring Prospectus

IPO Registrar:
Bigshare Services Pvt. Ltd
Phone: 91-22-40430200
Fax: 91-22-2847 5207

IPO Lead Managers:
  • BOI Merchant Bankers Ltd
  • Holani Consultants Private limited
Company Address:
Lagnam Spintex Limited
RIICO Growth Centre
Hamirgarh, Bhilwara
Phone: +91 014 82 289210