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Open
4 Sep 2018
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Close
7 Sep 2018
3
Allotment
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Listing
Tue, Sep 18, 2018
Price Band
₹41 per share
Issue Size
60,00,000 shares (agg. up to ₹25 Cr)
Lot Size
3,000 Shares
Listing Date
Tue, Sep 18, 2018
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 3.74x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2018 | 31 Mar 2017 | 31 Mar 2016 |
|---|---|---|---|
| Assets | 83.71 | 71.88 | 70.53 |
| Total Income | 84.54 | 75.38 | 56.56 |
| Profit After Tax | 4.68 | 3.67 | 2.09 |
| NET Worth | 26.44 | 20.75 | 17.08 |
| Reserves and Surplus | 14.78 | 18.48 | 14.81 |
| Total Borrowing | 44.83 | 42.26 | 47.73 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Jakharia Fabric Ltd. | SME | ₹19.66 Cr | ₹180 | null | ₹181.50 | +0.83% | ₹60.50 (+0.83%) |
| Akshar Spintex Ltd. | SME | ₹26.99 Cr | ₹40 | null | ₹38.00 | -5.00% | ₹0.42 (+0.00%) |
| Vera Synthetic Ltd. | SME | ₹5.34 Cr | ₹40 | null | ₹44.30 | +10.75% | ₹65.55 (-5.00%) |
| Angel Fibers Ltd. | SME | ₹18.22 Cr | ₹27 | null | ₹27.10 | +0.37% | ₹10.60 (+7.61%) |
| Gujarat Hy-Spin Ltd. | SME | ₹4.45 Cr | ₹10 | null | ₹10.81 | +8.10% | ₹9.36 (+4.00%) |
| S K S Textiles Ltd. | SME | ₹13.32 Cr | ₹150 | null | ₹133.35 | -11.10% | (+0.00%) |
| Trident Texofab Ltd. | SME | ₹3.53 Cr | ₹30 | null | ₹68.00 | +126.67% | ₹32.33 (+2.83%) |
| AKM Lace & Embrotex Ltd. | SME | ₹4.76 Cr | ₹25 | null | ₹24.90 | -0.40% | ₹1,163.10 (+0.00%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Part finance the setting up of additional cotton yarn manufacturing facility (as under); | 22.00 |
| Total | 22.00 |
About Lagnam Spintex IPO
Incorporated in 2010, Rajasthan based Lagnam Spintex Limited is a company engaged in the business of manufacturing of high-quality yarn (Ne 4 to Ne 20). The yarn is used in Denim, Terry Towels, Bottom Wears, Home Textiles and Industrial Fabrics etc.The manufacturing facility of the Company is situated at Bhilwara District in Rajasthan State. Spread over 10,000 square meters, the facility has the capacity to produce 16.5 tonnes of high-quality yarn per day.Lagnam Spintex is currently exporting its products to countries like Germany, Belgium, Portugal, Italy, Columbia, South Africa, Slovenia, China, Pakistan, Bangladesh, and others. Exports account for 18.90% of the manufacturing sales of the company.In the past five years, the company's revenues have increased from INR4,983.41 lakhs in 2014-15 to INR 8,454.47 lakhs in 2017-18 at a CAGR of around 19%. The Net Profit after tax has grown at a CAGR of almost 43% in the last three years.The company has 79 permanent employees on its payroll.+ Read More
Contact Details
Lagnam Spintex Ltd. AddressA-51-53, RIICO Growth CentreHamirgarhBhilwara, Rajasthan, 311001+91 014 82 289210rparashar@lagnam.comVisit Website