Lagnam Spintex Limited IPO

Lagnam Spintex Limited

Issue Open

Sep 04, 2018

Price Band

₹ 41

Issue Size

₹ 24.60 Cr

Credit of Shares to Demat


Issue Close

Sep 07, 2018

Bid Lot


Listing Exchange


Cut off time for UPI Mandate Confirmation


Issue Type

Fixed Price Issue IPO

Minimum Order Quantity


Allotment Details


Face Value

Rs 10 Per Equity Share

Listing On

Sep 18, 2018



About the company:

Lagnam Spintex Limited is the ISO 9001:2015 certified company engaged in the occupation of manufacturing high-quality yarn count  Ne 4 to Ne 20 used in cotton and textile industry. It has been recognised as ‘One Star Export House’ by the Director General of Foreign Trade with the certificate valid from 2017 to 2022.

Date of Incorporation: Lagnam Spintex Limited was incorporated as the private limited company named ‘Lagnam Spintex Private Limited’ at Jaipur (Rajasthan) on 11th June 2010. Subsequently, the company was reformed into public limited company ‘Lagnam Spintex Limited’ on 31st January 2018.     

Promoters of Lagnam Spintex Limited: Mr Dwarka Prasad Mangal, Mr Anand Mangal and Lagnam Infotech Solutions Private Limited are the promoters of Lagnam Spintex Limited.

Products and Services Offering: Lagnam Spintex Limited offers products in the diversified segments that primarily consists of:

    - Denim

  •  - Bottom Wears

  • - Industrial fabrics

  • - Home Textile

  • - Bed Sheets

  • - Terry Towels

Customer Segments: Lagnam Spintex Limited customer segments are spread nationally as well as globally in the countries including Germany, Portugal, Turkey, Columbia and China among others.

Objects of Lagnam Spintex Limited IPO:  The main objectives of the Lagnam Spintex Limited IPO are:

  • - Partial financing the setting of cotton yarn manufacturing unit.

  • - To meet Issue Expenses

Company Financials:

Summary of financial information(Restated)


For the year/period ended (in Rs. Lakhs)

3 -Mar-18

3 -Mar-17

3 -Mar-16

3 -Mar-15

3 -Mar-14

Total Assets

3 002.19

2 228.77

1 887.35

1 554.24

1 281.09

Total Revenue

8 454.47

7 358.43

5 656.41

4 983.41

4 205.99

Profit After Tax

4 8.49

3 7.09

2 8.5

1 7.82



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