Lamosaic India has launched its initial public offering (IPO), seeking to raise ₹61.20 crores through a fixed-price issue of 30.6 lakh shares. The IPO, which opened for subscription on November 21, 2024, will close on November 26, 2024. The allotment for the Lamosaic India IPO is expected to be finalized on November 27, 2024, with the tentative listing date set for November 29, 2024, on the NSE SME platform.
The Lamosaic India IPO offers shares at a fixed price of ₹200 each. Retail investors can apply for a minimum of 600 shares, requiring an investment of ₹120,000. For High Net-Worth Individuals (HNIs), the minimum lot size is 1,200 shares (2 lots), amounting to ₹240,000. This IPO provides investors with an opportunity to participate in the growth of Lamosaic India, which is looking to enhance its presence in the market through this public offering.
Lamosaic India IPO Details
| IPO Date | November 21, 2024 to November 26, 2024 |
| Listing Date | – |
| Face Value | ₹10 per share |
| Price | ₹200 per share |
| Lot Size | 600 Shares |
| Total Issue Size | 3,060,000 shares (aggregating up to ₹61.20 Cr) |
| Fresh Issue | 3,060,000 shares (aggregating up to ₹61.20 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 7,278,008 |
| Share holding post issue | 10,338,008 |
| Market Maker portion | 153,000 shares |
Lamosaic India IPO Date
Lamosaic India IPO opens on November 21, 2024, and closes on November 26, 2024.
| IPO Open Date | Thursday, November 21, 2024 |
| IPO Close Date | Tuesday, November 26, 2024 |
| Basis of Allotment | Wednesday, November 27, 2024 |
| Initiation of Refunds | Thursday, November 28, 2024 |
| Credit of Shares to Demat | Thursday, November 28, 2024 |
| Listing Date | Friday, November 29, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 26, 2024 |
Lamosaic India IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹120,000 |
| Retail (Max) | 1 | 600 | ₹120,000 |
| HNI (Min) | 2 | 1,200 | ₹240,000 |
About Lamosaic India Limited
Lamosaic India Limited, established in January 2020, trades in flush doors, decorative laminates, acrylic sheets, printing paper (base), and plywood. In September 2023, the company expanded into manufacturing by setting up a workshop in Chembur, Mumbai. It offers customized solutions and manufactures laminated flush doors based on customer orders. Operating primarily in Maharashtra, Lamosaic India sells products both directly and through a franchise in Mumbai.
Competitive strengths include a strong distribution network, an experienced management team, and in-house design capabilities. As of September 2024, the company employs nine staff members and 23 unskilled laborers.
Lamosaic India Limited Financial Information – NET PROFIT
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 8,151.84 | 5,126.79 | 2,905.61 | 581.13 |
| Revenue | 7,286.98 | 5,565.72 | 3,175.85 | 1,003.45 |
| Profit After Tax | 1,076.24 | 822.94 | 407.14 | 50.89 |
| Net Worth | 2,601.95 | 1,525.71 | 1,143.33 | 295.99 |
| Reserves and Surplus | 1,874.15 | 797.91 | ||
| Amount in ₹ Lakhs | ||||
KPI as of September 30, 2024
| KPI | Values |
|---|---|
| ROE | 41.36% |
| ROCE | 39.95% |
| Debt/Equity | 0.57 |
| RoNW | 41.36% |
| P/BV | 5.59 |
| PAT Margin (%) | 14.77 |
