Lagnam Spintex IPO, Review, IPO Performance by IPOPlatform India

About Lagnam Spintex

Company Information

Lagnam Spintex Limited is an ISO 9001:2015 certified entity engaged in the business of manufacturing high-quality yarn for both the domestic and export markets. The yarn, ranging from count Ne 4 to Ne 20, is used in a variety of applications including Denim, Terry Towels, Bottom Wears, Home Textiles, and Industrial Fabrics. The manufacturing facility of the company is located at A-53, RIICO Growth Centre, Hamirgarh in Bhilwara District, Rajasthan, covering an area of 10,000 square meters.
Currently, the company has an installed capacity of 1,920 rotors for cotton yarn, capable of producing 16.5 tonnes per day of high-quality yarn. A rotor is the main spinning element of a rotor-spinning machine, which plays a significant role in determining the quality of yarn, productivity, and costs. The

Object of Issue

Part finance the setting up of the additional cotton yarn manufacturing facility (,00 lakhs
Meet Issue expenses (0 lakhs

Lagnam Spintex SME IPO Details (at the time of IPO)

IPO Type :

Fixed Price

IPO Date :

Sep, 2018

IPO Size :

24.60 Cr.

IPO Subscription :

4.97 X

PE Multiple :

12.00

Merchant Banker :
Holani Consultants Private Limited

IPO Registrar:
Bigshare Services Private Limited

Anchor Investors:

FAQs

1. What is Lagnam Spintex IPO?

Lagnam Spintex operates in Textiles and Business Of Manufacturing Of High-quality Yarn. The Issue is listed on NSE EMERGE in Sep, 2018. Lagnam Spintex IPO size was 24.60 Cr. with Issue price of 41.00 .

2. Who is the merchant banker of Lagnam Spintex IPO?

Merchant Banker(s) of Lagnam Spintex IPO: Holani Consultants Private Limited , Boi Merchant Bankers Limited

3. How many times Lagnam Spintex IPO was subscribed?

Lagnam Spintex IPO subscription was 4.97 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

4. What is the listing price of Lagnam Spintex IPO?

Lagnam Spintex IPO listed at a listing price of 38.95 against the offer price of 41.00.

5. What is the current market price of Lagnam Spintex IPO?

The current market price of Lagnam Spintex is 121.51.

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Lagnam Spintex Limited IPO (Lagnam Spintex IPO) Details

Financial Summary (at the time of ipo, on annualised basis)

Pricing Report

Performance Report (CAGR* wise)

About Lagnam Spintex

Company Information

Object of Issue

Lagnam Spintex SME IPO Details (at the time of IPO)

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