Lagnam Spintex Ltd Ipo Review

Lagnam spintex ltd ipo review

Subject:

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.

Lagnam spintex ltd ipo review

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)

Particulars

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

144.71

Lagnam spintex ltd ipo review