Lex Nimble Solutions IPO

Lex Nimble Solutions IPOBusiness description - Lex Nimble Solutions is engaged in the business of appraisal advisory, certification, training and related services on quality models, IT product and development and services, the major revenue streams being IT application, development, maintenance and support, corporate training and consulting. The company plans to explore new opportunities in the field of ISO certification and CMMI consulting. Lex Nimble Solutions is a subsidiary of Lex Nimble Solutions Inc., USA that holds 97.81% stake in the company. Mr Praveen Chakravarthy Medikundam is the other promoter.

Promoters of Lex Nimble Solutions – Lex Nimble Solutions Inc, Praveen Chakravarthy Medikundam
Lex Nimble Solutions IPO details
Subscription Dates 12 - 23 March 2018
IPO Price band INR57 per share
Fresh issue 1,112,000 shares (INR6.34 crore)
Offer for sale Nil
Total IPO size 1,112,000 shares (INR6.34 crore)
Minimum bid (lot size) 2,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On BSE SME platform
Use of funds
  • Foraying into CMMI consulting - INR1.59 crore
  • Establishment as an ISO certifying body - INR1.59 crore
  • Customisation of SimpleLaw for the Indian market - INR1.91 crore
  • General Corporate Expenses - INR0.81 crore
  • Issue Expenses - INR0.44 crore
Lex Nimble Solutions' financial performance (in INR lakh)
FY2013 FY2014 FY2015 FY2016 FY2017 7M FY2018
Total revenue 127.0 219.5 141.5 142.6 174.3 100.6
EBITDA 12.3 18.4 22.9 22.3 16.1 19.7
Profit after tax 7.3 10.9 11.9 11.5 5.0 11.9
Lex Nimble Solutions' Contact Details

Lex Nimble Solutions Limited
Q3, Module A1, 10th Floor, Cyber Towers
Hitec City, Madhapur
Hyderabad, 500081

Phone: +91 40 2312 2330
Email: investment@lexnimble.in
Website: www.lexnimble.in

Lex Nimble IPO Subscription Details
Day Subscription (no. of times)
Day 1 0.16
Day 2 0.30
Day 3 0.53
Day 4 0.66
Day 5 0.69
Day 6 1.03
Day 7 1.03
Day 8 1.05
Day 9 1.05
Day 10 1.06
Lex Nimble Solutions Valuation (Latest FY)

Earnings Per Share (EPS): INR0.98

Price/Earnings (P/E) ratio: 58.16

Return on Net Worth (RONW): 1.04%

Net Asset Value (NAV): INR94.42 per share

Registrar of Lex Nimble IPO

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072

Phone: +91 22 4043 0200 
Fax: 
+91 22 2847 5201
Email:
 ipo@bigshareonline.com
Website: www.bigshareonline.com

Lex Nimble Solutions IPO Allotment Status

Lex Nimble Solutions IPO allotment status is now available on Bigshare Services' website. Click on this link to get allotment status.

Listing performance of Lex Nimble Solutions

IPO Opening Date: 12 March 2018

IPO Closing Date: 23 March 2018

Listing Date: 4 April 2018

Listing Price on BSE SME: INR58.65 per share (up 2.89% from IPO price)

Closing Price on BSE SME: INR55.35 per share (down 2.89% from IPO price)

Lex Nimble Solutions IPO
Rate this post

Leave a Reply

Your email address will not be published. Required fields are marked *