IPO Issue Details
Issue Price / Price Band₹57 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size2,000 Shares per Lot
Total Issue Size11,12,000 shares (aggregating up to ₹6.34 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenMon, 12 Mar 2018
Subscription CloseFri, 23 Mar 2018
Anchor AllotmentSun, 11 Mar 2018
Basis of AllotmentThu, 29 Mar 2018
Initiation of RefundsFri, 30 Mar 2018
Credit of Shares to DematFri, 30 Mar 2018
Listing DateWed, 04 Apr 2018
UPI Mandate Deadline2018-03-23
Application & Investment Details
Retail — Min (1 Lots)₹1,14,000 — 2,000 shares
Retail — Max (13 Lots)₹1,482,000 (13 Lots)
HNI — Min (2 Lots)₹2,28,000 — 4,000 shares
Net Offer to Public10,56,000 shares (aggregating up to ₹6.02 Cr)
Reserved for Market Maker56,000 shares (aggregating up to ₹0.3192 Cr)
Pre-IPO Promoter Holding30,78,000 shares
Post-IPO Promoter Holding41,90,000 shares
About Lex Nimble Solutions Ltd.
Incorporated in 2012, Lex Nimble Solutions Ltd is engaged in business of Appraisal Advisory, Certification, training and related services on quality models, IT product and development and services. Lex Nimble Solutions Ltd. (LNSL) is a subsidiary of Lex Nimble Solutions Inc., USA that holds 97.81% stake in the company. The major revenue streams are:1. IT application development, maintenance and support:They offer back office support in developing customer centric applications along with maintenance and support services.2. Development and maintenance of portals and mobile applications:They offer support in developing and maintaining enterprise information portals or corporate portals. They also develop location aware mobile solutions. They have recently done development of mobile application and web application compatibility for Dubai port authority3. Corporate training:They offer customized training which includes understanding client specific needs and training them.4. Consulting:They have done several assignments in the areas of Quality management system implementation, Six sigma implementation, Information security consulting, Security testing related assignments. Company recently acquired the CMMI level 2 certification and now plans to foray into new segments of business.
Objects of the Issue
Lex Nimble Solutions Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Foraying into CMMI consulting
1.59
2
2 Establishment as an ISO certifying body
1.59
3
3 Customisation of SimpleLaw for the Indian market
1.91
4
4 General Corporate Purposes
0.81
Shareholding & Lock-in
Pre-IPO Promoter Holding
30,78,000 shares
Post-IPO Promoter Holding
41,90,000 shares