Ongoing SME IPO_ Lagnam Spintex Limited ipo

 

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

For Beeline Assistance:  Contact Here

Ongoing SME IPO_ Synergy Green Industries Ltd

 

Synergy Green Industries Ltd

Issue Analysis :

Issue opens Sept.04, 2018
Issue Closes Sept. 07, 2018
Issue Price Rs 70
Lot Size 2000
Issue Size 26.46 Cr
Lead Manager Swastika Investmart Limited
Registrar Link Intime India Private Ltd.
Platform BSE

Company’s Snapshot :

Synergy Green Industries is engaged in the business of foundry i.e. manufacturing of castings, industrial castings, turbine castings, metal castings, steel castings and Windmill Parts. The company is ISO 9001:2015 certified for Manufacture of Graded Grey Iron, Spheroidal Graphite Iron and Steel Casting and Machined Components for Non-Automotive and Industrial Applications. It is capable of handling the castings ranging from 500 Kg to 17 MT single piece in ductile iron and grey iron.

Its plant – located in Kolhapur – is equipped with MAGMA simulation software, Furan no bake moulding plant, Induction melting furnace and entire range of testing equipment’s to meet stringent quality specifications. The company organizes its business in three segments – Wind Turbine, Wind Gear Box and General Engineering (Non-Wind Segment) like Mining equipment, Pump and Valve Industry Plastic Injection machines, traction motors and small casting.

Object of the Issue:

The objects of the Issue are to:

 

  • Purchase of Plant and Machinery
  • Working Capital Requirement
  • General Corporate Purpose
  • Issue Expenses

 

Financial Highlights :

Synergy Green’s financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 37.2 63.8 82.6 120.7 103.1
Total expenses 46.5 71.5 81.5 116.6 100.2
Profit after tax -9.0 -6.9 1.6 4.9 4.7

 

 

 

Company Promoters:

The Promoters of the Company are:

  1. Mr Sachin Rajendra Shirgaokar,
  2. Mr Sohan Sanjeev Shirgaokar,
  3. Mr Vendavagali Srinivasa Reddy
  4. S B Reshellers Private Limited

Contact Company Information:

Synergy Green Industries Limited
392 E Ward
Shahupuri,
Kolhapur – 416001

Phone: +91 0231 2658375
Email: info@synergygreenind.com
Website: www.synergygreenind.com

For Beeline Assistance:  Contact Here

Morning Business News Round Up_ Sep 4, 2018

  •   Currency volatility to have ‘limited impact’: Fitch
  •   Banks with over 10 branches to have IO: RBI
  •   RBI unions withdraw mass casual leave plan
  •   Anil Agarwal succeeds with Vedanta Resources buyout
  •   Sebi’s income rose 25% to Rs 752 crore in FY17
  •   NCLT approves 1:10 swap ratio for ICEX, NMCE merger
  •   Investors’ complaints hit 6-year high of 43,000 in FY18
  •   Falling rupee to keep base metals costlier in India despite global lull
  •   Tepid use of funds accruing to NMET slows down mineral exploration
  •   Image result for Allahabad BankAllahabad Bank to raise about Rs 15 bn via disinvestment in non-core assets
  •   10-yr bond yield touches 8%, Rupee hits record low of 71.18 against dollar
  •   Govt allows state refiners to use Iran tankers, insurance for oil imports
  •   About 1,800 businesses apply for migration to GST regime
  •   Domestic airlines may post higher losses at $1.90 b: CAPA
  •   L&T Construction bags orders worth Rs 2,654 cr from MSRDC
  •   Relief in sight for Adani, Tata and Essar’s Gujarat power projects
  •   R-Infra wins Rs. 200-cr arbitration award against NHAI
  •   India manufacturing PMI eases in August on softer domestic demand
  •   DLF to invest over ₹ 1,400 crore in Gurugram project
  •   Vijay Mallya gets 3 weeks to file reply on ED’s plea
  •   Jindal Steel & Power studies breakup as ₹42,000 crore of debt weighs
  •   LIC board to meet tomorrow to decide IDBI Bank stake hike plan
  •   Manipal to pick up minority stake in Cigna TTK Health Insurance
  •  RBI data: Loan defaults by MSMEs doubled in last fiscal
  •  Icra keeps ratings of IDBI Bank’s bond programmes under watch
  •   Vodafone Idea raises Rs 1,500 crore via debt
  •   SBI responds to Singapore govt initiative with remittance centre
  •   Govt appears committed to fiscal discipline, consolidation
  •   Exclusive zero-debt club shines as others fight corporate debt
  •   Focused on inflation targeting, Patel took Rajan policies forward
  •   Rubber production-consumption gap widens to 58% in Q1FY19