Lagnam Spintex Limited IPO
NSE SMEOffer Date: Sep 4, 2018 - Sep 7, 2018
₹ 123000 /3000 Shares
IPO Details
04 Sep, 2018
Open Date07 Sep, 2018
Close Date13 Sep, 2018
Allotment Date18 Sep, 2018
Listing DateIssue Price
Rs 41/- Per Equity ShareFace Value
Rs 10 Per Equity ShareListing at Group
NSE SMERegistrar
Bigshare Services Pvt. LtdMarket Lot
3000 Shares ( Rs 1,23,000/- )Lead Manager
Holani Consultants Private Limited and BOI Merchant Bankers LimitedIssue Size
Fresh Issue of 60,00,000 Equity Shares of Rs 10/- at a price of Rs 41/- per share aggregating to Rs 24.60 CrRetail Portion
N/ASubscription
2,83,08,000 4.97 timesIPO Docs
No related IPO documents available.
IPO Subscription Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 28,50,000 | 28,50,000 | 57,00,000 |
| Day 1 - 04-09-18 | 8,37,000 0.29 x | 7,17,000 0.25 x | 15,54,000 0.27 x |
| Day 2 - 05-09-18 | 10,35,000 0.36 x | 24,27,000 0.85 x | 34,62,000 0.61 x |
| Day 3 - 06-09-18 | 12,15,000 0.43 x | 57,93,000 2.03 x | 70,08,000 1.23 x |
| Day 4 - 07-09-18 | 1,22,19,000 4.29 x | 1,60,89,000 5.65 x | 2,83,08,000 4.97 x |
Valuations
Earnings Per Share (EPS)
Rs 2.65/-P/E Ratio
15.46RoNW
17.72%Net Asset Value (NAV) ( post issue )
Rs 27.42/-Company Financials All values are in ₹ Cr.
- Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Net Worth | |
|---|---|---|---|---|
| Lagnam Spintex Limited | 1.50 | 15.46 | 17.72% | 84.54 |
| PBM Polytex Limited | 0.62 | 9.68 | 6.43% | 196.88 |
| KPR Mills | 3.10 | 16.28 | 18.50% | 3024.42 |
| Sambandam Spinning Mills | 0.49 | 7.05 | 3.83% | 193.08 |
| Vippy Spinpro Limited | 0.68 | 7.15 | 9.52% | 105.15 |
| Shiva Texyarn | 3.67 | 52.66 | 6.98% | 358.80 |
- Promoter(s)
Company Promoter(s)
- Mr. Dwarka Prasad Mangal
- Mr. Anand Mangal
- Lagnam Infotech Solutions Private Limited
IPO - Issue Objectives
- Part finance the setting up of the additional cotton yarn manufacturing facility (22.00 crores).
- Meet Issue expenses (2.60 crores).
IPO - FAQs
Ans. Lagnam Spintex Limited IPO is a SME IPO. The issue is priced at Rs 41/- Per Equity Share . The minimum order quantity is 3000 Shares. The IPO opens on Sep 4, 2018, and closes on Sep 7, 2018. Bigshare Services Pvt. Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Lagnam Spintex Limited IPO opens on Sep 4, 2018 and closes on Sep 7, 2018.
Ans. The size of Lagnam Spintex Limited IPO is Fresh Issue of 60,00,000 Equity Shares of Rs 10/- at a price of Rs 41/- per share aggregating to Rs 24.60 Cr.
Ans. The IPO price band is set between Rs 41/- Per Equity Share .
Ans. To apply for Lagnam Spintex Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Lagnam Spintex Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Lagnam Spintex Limited IPO is Sep 13, 2018.
Ans. The Lagnam Spintex Limited IPO will be listed on Sep 18, 2018.
Ans. Follow the steps to check the allotment status for Lagnam Spintex Limited IPO here.
