Lamosaic India IPO
- IPO Date21 Nov, 2024 to 26 Nov, 2024
- Listing Date29 Nov, 2024
- Face Value₹10 per share
- Issue Price-
- Lot Size600 Shares
- Minimum Investment₹0
- Listing AtNSE SME
- Total Issue Size30,60,000 Shares
- Fresh Issue30,60,000 Shares
- Offer for Sale-
- Issue TypeFixed Price Issue IPO
- Share holding pre issue72,78,008
- Shareholding post issue1,03,38,008
IPO Dates
Closing Date
26 Nov, 2024
Initiation of Refunds
28 Nov, 2024
Listing Date
29 Nov, 2024
21 Nov, 2024
Opening Date
27 Nov, 2024
Basis of Allotment
28 Nov, 2024
Credit of Shares
Lamosaic India Lot Size
Investors can bid for a minimum of 600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| S-HNI (Max) | - | - | - |
| Retail (Min) | 1 | 600 | ₹1,20,000 |
| B-HNI (Min) | - | - | - |
| S-HNI (Min) | 2 | 1200 | ₹2,40,000 |
| Retail (Max) | 1 | 600 | ₹1,20,000 |
Lamosaic India Promoter Holding
The Promoters of the Company are Mr. Vinod Juthala Visaria, Mr. Jay Manilal Chheda and Mr. Jitesh Khushalchand Mamaniya.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | 70.4% |
Lamosaic India COMPANY INFORMATION
Lamosaic India IPO is a fixed price issue of Rs 61.20 crores. The issue is entirely a fresh issue of 30.6 lakh shares. Lamosaic India IPO opens for subscription on November 21, 2024 and closes on November 26, 2024. The allotment for the Lamosaic India IPO is expected to be finalized on Wednesday, November 27, 2024. Lamosaic India IPO will list on NSE SME with tentative listing date fixed as Friday, November 29, 2024. Lamosaic India IPO price is ₹200 per share. The minimum lot size for an application is 600 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (1,200 shares) amounting to ₹240,000. Inventure Merchant Banker Services Pvt Ltd is the book running lead manager of the Lamosaic India IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Lamosaic India IPO is Svcm Securities. Refer to Lamosaic India IPO RHP for detailed information.
Founded in January 2020, Lamosaic India Limited trades various products, including flush doors, decorative laminates, acrylic sheets, printing paper (base), and plywood. In September 2023, the company expanded its operations into manufacturing by setting up 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 as under:
- Flush Doors
- Decorative Laminates
- Acrylic Sheets
- Printing Paper (Base)
- Plywood
The company offers customized solutions for its customers, including the design of laminates and acrylic sheets. Additionally, the company manufactures and supplies laminated and decorative flush doors based on customer orders. The company's business operations, including trading and manufacturing, are currently conducted within Maharashtra. In addition to selling products directly in the market, the company also distribute through a franchise located in Mumbai, Maharashtra.
Competitive Strength
- Strong Network of Dealer, Distributors, Stockiest and Wholesalers.
- Experienced Management team
- Redesign products that are suitable for the Indian market with the assistance of in-house designers.
As of September 30 2024, the company has nine employees and 23 unskilled labourers.
Lamosaic India IPO
IPO Overview and Key Highlights
Lamosaic India is offering its Initial Public Offering (IPO) comprising a fresh issue of 30,60,000 equity shares at a price of Rs 200 each. The IPO is aimed at raising Rs 61.20 crore, with the funds designated for working capital, business expansion, and general corporate purposes. The shares will be listed on the Emerge Platform of NSE.
Key IPO Details
- Type of Issue: Fixed Price
- Total Issue Size: 30,60,000 equity shares
- Face Value: Rs 10 per share
- Offer Price: Rs 200 per share
- Offer Opens: November 21, 2024
- Offer Closes: November 26, 2024
- Listing Exchange: NSE Emerge Platform.
Company Overview
Founded as Swastik Marketing in 2020, Lamosaic India transitioned from a partnership firm to a public company in 2023. The company specializes in flush doors, decorative laminates, acrylic sheets, plywood, and printing paper under the "Lamosaic" brand. Additionally, the company has ventured into manufacturing laminated and decorative products, operating both trading and manufacturing units within Maharashtra.
Financial Overview
The company has shown consistent growth, supported by its dual business model of trading and manufacturing. IPO proceeds are expected to strengthen its working capital and expand its operations.
Key Strengths of Lamosaic India
- Diversified Product Portfolio: Offers a wide range of interior and construction-related products.
- Established Market Presence: Recognized in Maharashtra’s furniture and interior design market.
- Focus on Customization: Provides tailored products to meet customer-specific needs.
IPO Pros and Cons
Pros
- Growing Sector: Rising demand for home decor and construction materials in India.
- Custom Solutions: Ability to customize products enhances customer retention.
- Use of Proceeds: Funds will directly aid growth and improve operational capacity.
Cons
- Regional Concentration: Currently, operations are limited to Maharashtra.
- Competitive Industry: Operates in a highly competitive market with large and small players.
- First Public Issue: Uncertainty around post-listing performance.
Risk Factors
Investors should evaluate the following risks:
- Market Dependency: Reliance on construction and interior decor sectors.
- Economic Sensitivity: Demand for products may fluctuate with economic conditions.
- Operational Constraints: Limited geographical presence may restrict growth.
Conclusion
The Lamosaic India IPO offers an opportunity to invest in a growing company within the home decor and construction materials sector. With its diversified portfolio and focus on customer-centric solutions, the company has the potential for growth. However, investors should consider risks such as regional dependence and competitive pressures before investing.
FAQs About Lamosaic India Ipo
Lamosaic India IPO will open on 21 Nov, 2024 and close on 26 Nov, 2024. Investors must apply within this period to participate.
The Lamosaic India IPO price band is set between ₹200.00 and ₹0.00 per share. The minimum lot size is 600, requiring an investment of at least ₹0.00.
The Lamosaic India IPO shares are expected to be listed on 29 Nov, 2024, subject to regulatory approvals and final allotment.
You can track your Lamosaic India IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Lamosaic India IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.