Lagnam Spintex IPO is all set to make its debut on 4th Sept 18 with 24.60 Cr is a company engaged in the business of plastic packing products.
Lagnam Spintex IPO – overview
| IPO Dates | 4-7 sept 18 |
| IPO Price | INR 41 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 6,000,000 shares (INR 24.60 crore) |
| Minimum bid (lot size) | 3000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Company Overview
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 in the 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.
Competitive Strengths-
1. Client base includes leading names in industry M/s GE Renewable, M/s Vestas, Denmark, M/s Gamesa, M/s Enercon Germany, M/s ZF, and M/s, Siemens.
2. The strategic location of manufacturing unit brings significant cost advantage in raw material sourcing
Objects of the Issue
- Part finances the setting up of the additional cotton yarn manufacturing facility (2,200 lakhs).
- Meet Issue expenses (260 lakhs)
Company Financials
| Particulars | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 |
| Total Assets | 3,002.19 | 2,228.77 | 1,887.35 |
| Total Revenue | 8,454.47 | 7,358.43 | 5,656.41 |
| Profit After Tax | 468.49 | 367.09 | 208.50 |
Company Contact Information
Lagnam Spintex Limited
A-51-53
RIICO Growth Centre
Hamirgarh, Bhilwara
Phone: +91 014 82 289210
Email: rparashar@lagnam.com
Website: http://www.lagnamspintex.com
Lagnam Spintex IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Lagnam Spintex IPO Lead Manager(s)
- Boi Merchant Bankers Ltd (Past IPO Performance)
- Holani Consultants Private Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
