Lagnam Spintex Limited IPO
NSE SME₹ 246000 /6000 Shares
*Min Investment
04 Sep, 2018
Open Date07 Sep, 2018
Close Date13 Sep, 2018
Allotment Date18 Sep, 2018
Listing DateIPO Issue Details
- Issue Price Rs 41/- Per Equity Share
- Face Value Rs 10 Per Equity Share
- Issue Price 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
- Listing at NSE SME
- Lead Manager Holani Consultants Private Limited and BOI Merchant Bankers Limited
- Registrar Bigshare Services Pvt. Ltd
IPO Details
- Retail Portion N/A
IPO Details
Lagnam Spintex Limited IPO is an SME IPO, priced at Rs 41/- Per Equity Share . The equity shares have a face value of Rs 10 Per Equity Share each and will be listed on the NSE SME platform.
The IPO bidding window is open from Sep 4, 2018 to Sep 7, 2018. The allotment is expected to be finalized on Sep 13, 2018, and the tentative listing date is Sep 18, 2018.
The registrar of the IPO is Bigshare Services Pvt. Ltd , and
IPO Subscription Analysis And 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
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 - Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Revenue(in Cr.) | |
|---|---|---|---|---|
| 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 |
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. You can track the real-time subscription numbers using the links below:
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 Lagnam Spintex Limited IPO price band is set between Rs 41/- Per Equity Share .
Ans. To apply for Lagnam Spintex Limited 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 Lagnam Spintex Limited IPO allotment status online.
