Business Standard

Lagnam Spintex Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

24.60 cr

Price Range (₹)

41

Lot Size

3000

Min Investment (₹)

1,23,000.00

Listing Exchange

NSE - SME

Open Date

04-Sept-2018

Close Date

07-Sept-2018

Listing Date

18-Sept-2018

Lagnam Spintex Ltd News

    The Shares of Lagnam Spintex Ltd have now been listed.

    Lagnam Spintex Ltd IPO Details

    Intial public issue of 60,00,000 equity shares of face value of Rs.10/- each fully paid up of Lagnam Spintex Limited (company or issuer) for cash at a price of Rs. 41/- per equity share (including a share premium of Rs.31/- per equity share) aggregating upto Rs. 24.60 Crores (the issue), of which 3,00,000 equity shares of face value of Rs.10/- each for cash at a price of Rs.41/- per equity share aggregating Rs. 1.23 Crores will be reserved for subscriptions by the market maker to the issue (the market makerReservation portion). The issue less market maker reservation portion i.e. Issue of 57,00,000 equity shares of the face value of Rs.10/- each for cash at a price of Rs.41/- per equity share aggregating Rs.23.37 Crores is hereinafter refered to as the net issue. The issue and the net issue will constitute 33.96% and 32.26% respectively of the fully diluted post issue paid up equity share capital of the company.The face value of the equity shares is Rs. 10/- each and the issue price is Rs. 41/- which is 4.1 times of the face value of the equity shares.

    Objective of issue

    Part Finance the setting up of Additional Cotton Yarn Manufacturing Facility.

    Lagnam Spintex Ltd Contact Details

    Lagnam Spintex Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - rparashar@lagnam.com

    Website - www.lagnamspintex.com