LEX Nimble Solutions Limited IPO

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Company was incorporated in the name and Style of ‘ILBSG Professional Services Private Limited engage in Business outsourcing, IT and supporting services. Later on, the name of the Company was changed to Lex Nimble
Solutions Private Limited with effect from 17th January, 2012.
The Company is engaged in business of Appraisal Advisory, Certification, training and related services on quality models, IT product and development and services.
The major revenue streams are:
i. IT application development, maintenance and support
ii. Development and maintenance of portals and mobile applications
iii. Corporate training
iv. Consulting

LEX Nimble Solutions Limited IPO Stock Quote & Charts

52.00

+4.00%

  • Open: 52.00
  • High - Low: 52.00 - 52.00
  • Previous Close: 50.00
  • Total Traded Volume: 2000
  • Updated On: 14-Nov-2018

Objects of the LEX Nimble Solutions Limited IPO:

The Company is planning to raise ` 633.84 lakhs through this IPO for the purpose of expansion of business and requirement of funds is listed below. (i) Foraying into CMMI consulting =159.03 Lakh (ii)Establishment as an ISO certifying body =159.03 Lakh (iii)Customisation of SimpleLaw for the Indian market=190.84 Lakh (iv)General Corporate Purposes=80.94 Lakh (v)Issue Expenses=44 Lakh

LEX Nimble Solutions Limited IPO Details:

Open Date: Mar 12 2018
Close Date: Mar 16 2018
Total Shares: 11,12,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed Price Issue
Issue Size: 6.3384 Cr.
Lot Size: 2000 Shares
Issue Price: ₹ 57 Per Equity Share
Listing At: BSE SME
Listing Date: Mar 26 2018

Promoters And Management:

1. M/s. Lex Nimble Solutions Inc. 2. Mr. Praveen Chakravarthy Medikundam

Capital Structure:

Authorized Share Capital (57,00,000 shares at FV@10) 5.7 cr
Issued, Subscribed,& Paid-up Share Capital Before Issue (30,78,000 Shares at FV@10) 3.078 cr
Present Issue (11,12,000 Shares at FV@10) 1.112 cr
Pre IPO Placement of 4,25,000 Shares at a price of 126 at FV-10 .425 cr
Reservation for Market Maker (56,000 Shares at FV@10) 0.056 cr
Net Issue to Public (11,12,000-56000= 10,56,000 Shares) 1.056 cr
Retail Quota(<2 Lkah)[5,28,000 Shares] 50%
HNI & QIB Quota(>2 Lakh)[5,28,000 Shares] 50%
Paid Up Capital after the issue 4.19 cr
The Average cost of acquisition of the promoter is:
Sr.no Name of the Promoter No. of shares Average cost of acquisition
1 Lex Nimble Solutions Inc 30,10,668 14.26

Financials of LEX Nimble Solutions Limited IPO:

 1. Balance Sheet Snippet[ All Calculations are for FY 16-17]
       (i) Shareholders’ Fund[Equity] Value 483.2026 Lakh
      (ii) Asset 501.24 lakh
      (iii) Liability 18.04 lakh
      (iv) Debt/Equity 0.037( debt free)
      (v)  Net Worth(Asset- Liability) 483.2026 Lakh
     (vi)  RONW(PAT/Net Worth) 1%
2. Profit n Loss Snippet[ All Calculations are upto Mar 17] (i) Revenue of last 5 years is growing at approx. CAGR of 8.23%. (ii) As far as PAT goes, the company was growing at the good CAGR of 16.46% from 2013 to 2016, but the company has got set back in the year 2016-17 when PAT has gone down to almost 50% owing to increase expenditure on " Employee benefits" though the reveune growth was almost 22% in that period. (iii)Margins(PBT/Reveune): 5.86% (iv) EPS= .56( post Issue)[ Very low] (v) P/E=101(post issue) at the issue price of 57[ Very high] 3. Cash Flow Statement The company has generated healthy cash flow in last 5 years.

Recommendation on LEX Nimble Solutions Limited IPO:

Avoid very costly issue

Lead Manager of LEX Nimble Solutions Limited IPO:

  1. Quintessence Enterprises Private Limited

Registrar of LEX Nimble Solutions Limited IPO:

  1. Bigshare Services Private Limited

Company Address:

Q3, Module A1, 10th Floor, Cyber Towers, Hitec City, Madhapur, Hyderabad, 500081 Telangana Tel No.: +91-40-23122330 Website: www.lexnimble.in E-mail: investment@lexnimble.in

25th Sep 2018 - 27th Sep 2018 => Aavas Financiers IPO

Bid Details of LEX Nimble Solutions Limited IPO as on
16 Mar 2018 | 11:03:10 PM

Category No.of shares offered No. of shares bid
556,000 684,000
556,000 88,000
- -
1,112,000 772,000
QIBs No
QIBs+HNIs Subscription 1.23X
Retail Subscription 0.16X
Total Subscription 0.69X

Discussion on LEX Nimble Solutions Limited IPO:

    Looks avoid to me as well. The company is asking a PE of 101 in this bearish market which is not at all good idea to invest.

      I agree. There are better options available on the secondary market.