Lagnam Spintex Ltd IPO

Closed

IPO Subscription Details

  • Open Date 04 Sep
  • Close Date 07 Sep
  • Lot Size 3000
  • IPO Size ₹ 24.6 Cr
  • IPO Price Range ₹ 41
  • Min Investment ₹ 123000

IPO Synopsis

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 maker Reservation 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.

How to apply for IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Lagnam Spintex Ltd IPO

Contact Information

Address

A-51/53 RIICO Growth Centre,
Hamirgarh Bhilwara,
Bhilwara, Rajasthan 311001

Lagnam Spintex Ltd IPO Lead Manager

BOI Merchant Bankers LtdHolani Consultants Pvt Ltd