Business 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:Â [email protected]
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 LimitedÂ
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072
Phone:Â +91 22Â 4043 0200Â
Fax:Â +91 22Â 2847Â 5201
Email:Â [email protected]
Website:Â 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)
