The Lamosaic India IPO is a fixed price issue valued at Rs 61.20 crores. A total of 30.6 lakh shares are being issued entirely as a fresh issue.
The Lamosaic India IPO is scheduled to open for subscription on November 21, 2024, and will close on November 26, 2024. The allotment for the Lamosaic India IPO is expected to be finalized on Wednesday, November 27, 2024. The IPO is set to be listed on the NSE SME, with a tentative listing date of Friday, November 29, 2024.
The IPO price for Lamosaic India is set at ₹200 per share. A minimum lot size of 600 shares is required for an application. An investment of ₹120,000 is required as the minimum amount by retail investors. For HNIs, a minimum investment of 2 lots (1,200 shares) is required, amounting to ₹240,000.
Get the Lamosaic India IPO RHP for detailed information.
| IPO Date | November 21, 2024 to November 26, 2024 |
| Listing Date | November 29, 2024 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 200 to ₹ -- / Share |
| Lot Size | 600 Shares |
| Total Issue Size | ₹61.20 Cr |
| Fresh Issue | ₹61.20 Cr |
| Offer for Sale | |
| Employee Discount | |
| 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 Limited IPO opens on November 21, 2024, and closes on November 26, 2024.
| IPO Open Date | November 21, 2024 |
| IPO Close Date | November 26, 2024 |
| Basis of Allotment | November 27, 2024 |
| Initiation of Refunds | November 28, 2024 |
| Credit of Shares to Demat | November 28, 2024 |
| Listing Date | November 29, 2024 |
| Cut-off time for UPI mandate confirmation | November 26, 2024 |
A minimum of 600 shares and multiples thereof can be bid by investors. The minimum and maximum investments by retail investors and HNIs, in terms of shares and amount, are depicted in the table below.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | |
| Retail (Max) | 1 | 600 | |
| S-HNI (Min) | 2 | 1,200 | |
| S-HNI (Max) | |||
| B-HNI (Min) | |||
| HNI (Min) |
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 70.40% |
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | |
|
| NII (HNI) Shares Offered | |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | 50% of the Net Issue |
|
| Employee Shares Offered | |
|
| Total Shares Offered | 50% of the Net Issue |
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
Lamosaic India Limited was founded in January 2020 and is involved in trading various products, including flush doors, decorative laminates, acrylic sheets, printing paper (base), and plywood. In September 2023, the company's operations were expanded into manufacturing with the establishment of a workshop in Chembur, Mumbai, covering an area of approximately 650 sq. ft.
The range of products sold under the brand name 'Lamosaic' is summarized below:
Customized solutions, including the design of laminates and acrylic sheets, are offered to customers by the company. Additionally, laminated and decorative flush doors are manufactured and supplied based on customer orders. The company's business operations, including trading and manufacturing, are currently conducted within Maharashtra. Besides direct sales in the market, the products are also distributed through a franchise located in Mumbai, Maharashtra.
Competitive Strength
| KPI | Values |
|---|---|
| ROE | 41.36% |
| ROCE | 39.95% |
| Debt/Equity | 0.57 |
| RoNW | 41.36% |
| P/BV | 5.59 |
| PAT Margin (%) | 14.77 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 11.31 | 20.82 |
| P/E (x) | 17.69 | 9.61 |
The Net Proceeds from the Issue are proposed to be utilized for the following objectives by the Company:
Repayment of certain borrowings;
Meeting incremental working capital requirements;
Pursuit of inorganic growth; and
General corporate purposes.
Lamosaic India Limited Shop No 32 3B 2B Prop 295 Pisoli Road Kondhwa Pune -411048 Phone: +91 876 876 7777 Email: cs@lamosaic.in Website: https://www.lamosaic.in/ |
Phone: 04067162222, 04079611000 Email: lamosaic.ipo@kfintech.com |
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