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.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
04-Sep-2018
07-Sep-2018
₹ 41.00
₹ 0.00
Minimum Application for shares in Nos : 3000.0
Further Multiples of : 3000.0
(₹)Cr.
Lead Managers to the Issue
Project Cost
24.60
BOI Merchant Bankers Ltd
Project Financed through Current Offer
24.60
Post Issue Equity Share Capital
17.67
Issue Price
₹41.00
Projects
Part Finance the setting up of Additional Cotton Yarn Manufacturing Facility