Ongoing SME IPO_ Lagnam Spintex Limited ipo

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Lagnam Spintex Limited

Issue Analysis :

Issue opens Sept. 04, 2018
Issue Closes Sept. 09, 2018
Issue Price Rs 41
Lot Size 3000
Issue Size 24.60 Cr
Lead Manager BOI Merchant Bankers Ltd

Holani Consultants Private Limited
Registrar BIGSHARE SERVICES PVT. LTD
Platform NSE

Company’s Snapshot :

Lagnam Spintex is an ISO 9001:2015 certified company engaged in the business of manufacture of high quality yarn for domestic and export market ranging from count Ne 4 to Ne 20 which is used in Denim, Terry Towels, Bottom Wears, Home Textiles and Industrial Fabrics etc. The manufacturing facility of the company is situated at A- 53, RIICO Growth Centre, Hamirgarh of Bhilwara District in Rajasthan State and spreads over 10,000 square meters. The company has at present an installed capacity of 1,920 rotors for cotton yarn having capacity to produce16.5 tonnes per day of high quality yarn. The company has been recognised as “One Star Export House” by the Director General of Foreign Trade with a certificate valid from 2017 to 2022. Lagnam Spintex is presently exporting cotton yarns to countries like Portugal, Italy, Germany, Belgium, South Africa, Slovenia, Columbia, China, Pakistan, Bangladesh and others. It supplies to customers, who are in fields like apparel and garment industry, industrial fabrics, towels, Denims etc.

Object of the Issue:

The objects of the Issue are to:

  1. Part Finance the setting up of additional cotton yarn manufacturing facility.
  2. Issue Expenses.

 

Financial Highlights :

Lagnam Spintex’s financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 42.06 49.83 56.56 75.38 84.54
Total expenses 40.30 47.97 53.38 69.87 78.82
Profit after tax 1.45 1.58 2.08 3.67 4.68

 

Company Promoters:

The Promoters of the Company are:

  1. Dwarka Prasad Mangal
  2. Anand Mangal
  3. Lagnam Infotech Solutions Private Limited

Contact Company Information:

Lagnam Spintex Limited
A-51-53, RIICO Growth Centre
Hamirgarh
Bhilwara – 311001

Phone: +91 014 82 289210
Email: rparashar@lagnam.com
Website: www.lagnamspintex.com

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