Lamosaic India IPO To Hit Dalal Street On November 21

A wide range of high-quality products, including plywood, printing paper (base), acrylic sheets, flush doors, and decorative laminates, are offered by the company to both residential and commercial customers. Lamosaic made its foray into manufacturing in September 2023 when it opened a state-of-the-art facility in Chembur, Mumbai. The fiscal year that ended on March 31, 2024, saw a 75.25% increase in revenue and a 102.13% increase in profit after tax (PAT) for Lamosaic India Limited.

Details of Lamosaic India’s IPO 

Lamosaic India’s initial public offering (IPO) is priced at Rs 61.20 crores. The issue is a brand-new 30.6 lakh share offering. The subscription period for the Lamosaic India IPO begins on November 21, 2024, and ends on November 26, 2024. The final allocation for the Lamosaic India initial public offering is anticipated to take place on Wednesday, November 27, 2024. The tentative listing date for the Lamosaic India IPO is set for Friday, November 29, 2024, on the NSE SME.

The price per share of Lamosaic India’s IPO is Rs. 200. A minimum lot size of 600 shares is required for an application. Retail investors are required to invest a minimum of Rs. 120,000. HNI requires a minimum investment of two lots (1,200 shares) totalling Rs. 240,000.

Book Runners

The Lamosaic India IPO’s book-running lead manager is Inventure Merchant Banker Services Pvt Ltd, and the issue’s registrar is Kfin Technologies Limited. The Lamosaic India IPO is being market-made by Svcm Securities.

Objectives of IPO

Repayment of some borrowings, meeting additional working capital needs, supporting inorganic growth initiatives like acquisitions or strategic partnerships, and covering general corporate expenses are the main goals for which the company plans to use the net proceeds from the issue.

Review of IPO

The company trades and manufactures plywood, decorative laminates, flush doors, acrylic sheets, and other products in a highly competitive and fragmented market. Avoid or apply for the IPO at your own risk because the risk is high.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.