IPO Details

Bidding Dates

20 Nov '24 - 25 Nov '24

Minimum Investment

₹1,20,000 / 1 Lot (600 Shares)

Price Range

₹200

Maximum Investment

₹1,20,000 / 1 Lot (600 Shares)

Retail Discount

To be announced

Issue Size

₹61.20 Cr

Investor category and sub category

Retail Individual Investors (RII)  |   Non-institutional Investors (NII)  |   Qualified Institutional Buyers (QIB)  |   Eligible employees  |  

IPO Dates

Important dates with respect to IPO allotment and listing

Opening Date

Nov 20, 2024

Closing Date

Nov 25, 2024

Basis of Allotment

Nov 26, 2024

Initiation of Refunds

Nov 27, 2024

Listing Date

Nov 28, 2024

About Lamosaic India IPO

Lamosaic India Limited is launching an IPO via a fixed-price issue valued at ₹61.20 crore, comprising a fresh issue of 30.6 lakh equity shares. The IPO opens for subscription on November 21, 2024, and closes on November 26, 2024. The allotment is expected to be finalised by November 27, 2024, with the shares set to list on the NSE SME on November 29, 2024.

The issue price for Lamosaic India IPO is fixed at ₹200 per share. Retail investors can apply for a minimum lot size of 600 shares, requiring an investment of ₹1,20,000. For High Net-worth Individuals (HNIs), the minimum investment is 2 lots (1,200 shares), amounting to ₹2,40,000.

Inventure Merchant Banker Services Pvt Ltd is the lead manager for the IPO, with Kfin Technologies Limited acting as the registrar. Svcm Securities is designated as the market maker for this offering, supporting liquidity in the SME market segment.

Industry Outlook:

  1. India's plywood market is projected to grow from ₹208.5 billion (FY 2022-23) to ₹306.5 billion by FY 2028-29, with a CAGR of 6.74%.
  2. Organised players now dominate 75% of India's export market for laminates (up from 52% in FY17), boosting global presence in Europe and the Middle East.

Lamosaic India IPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

  1. Repayment of certain Borrowings.
  2. To meet incremental working capital requirements.
  3. Pursuing Inorganic Growth.
  4. General Corporate Purpose.

About Lamosaic India Limited

Lamosaic India Limited, originally established as "Swastik Marketing" in January 2020, transitioned from a partnership firm to a public limited company in June 2023 under the Companies Act 2013. Headquartered in Pune with a Certificate of Incorporation dated June 13, 2023, Lamosaic diversified from trading to manufacturing in September 2023 by establishing a 650 sq. ft. workshop in Chembur, Mumbai.

The company trades and manufactures various products, including flush doors, decorative laminates, acrylic sheets, printing paper, and plywood, primarily catering to the real estate, construction, interior decor, furniture, and plywood industries within Maharashtra.

Lamosaic offers customised design solutions for laminates and acrylic sheets and produces laminated and decorative flush doors based on customer orders. The company operates both direct market sales and through a franchise in Mumbai, maintaining a strong network of dealers, distributors, stockists, and wholesalers.

Peer Details

The companies considered by Lamosaic India Limited as its peers include:

  1. Lamosaic India Limited
  2. Archidply Industries Limited
  3. Sylvan Plyboard (India) Limited
  4. Duroply Industries Limited

How to Check the Allotment Status of the Lamosaic India IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

How to apply for Lamosaic India IPO online?

  1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
  2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
  3. Select IPO: Find and select the Lamosaic India IPO from the list of open IPOs.
  4. Enter the Lot Size: Specify the number of lots you want to bid for.
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
  6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Lamosaic India IPO

  • Registered office: Shop No- 32, 3B 2B, Prop 295 Pisoli Road, Kondhwa, Pune, Maharashtra- 411048, India
  • Phone: +91 876 876 7777
  • E-mail: cs@lamosaic.in

Lamosaic India IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 600 ₹1,20,000
Retail (Max) 1 600 ₹1,20,000
HNI (Min) 2 1,200 ₹2,40,000

Lamosaic India IPO Reservation

This table outlines the share allocation for different investor categories in the Lamosaic India IPO.

Investor Category Shares Offered Percentage of Total Shares
Market Maker Shares Offered 1,53,000 5
Other Shares Offered 14,53,500 47.5
Retail Shares Offered 14,53,500 47.5

Lamosaic India IPO Promoter Holding

Lamosaic India Limited’s promoters are Vinod Juthala Visaria, Jay Manilal Chheda, and Jitesh Khushalchand Mamaniya.

Share Holding Pre-Issue 100.00%
Share Holding Post Issue 70.40%

Key Performance Indicators (KPI) for Lamosaic India IPO

As of September 30, 2024, the market capitalization of Lamosaic India stood at ₹206.76 crore.

KPI Value
Return on Equity (ROE) (%) 41.36
Debt-to-Equity Ratio (x) 0.57
Return on Net Worth (RoNW) (%) 41.36
Price-to-Book Value (P/BV) (x) 5.59
Profit After Tax (PAT) Margin (%) 14.77

Lamosaic India IPO Subscription Status (Bidding Detail)

Date NII (times) Retail (times) Total (times)
Day 1 (Nov 21, 2024) 0.36 0.08 0.22

Lamosaic India IPO Prospectus

Lamosaic India IPO Lead Manager

Inventure Merchant Banker Services Pvt Limited.

Lamosaic India IPO Registrar

Kfin Technologies Limited

IPO Financials

Particulars For the period ended September 30, 2024 Year ending on March 31, 2024 Year ending on March 31, 2023 Year ending on March 31, 2022
Revenue from operation (in ₹ lakh ) 7282.07 5564.53 3167.27 1001.31
Profit After Tax (PAT) (in ₹ lakh) 1076.24 822.94 407.14 50.89
Total Borrowings (in ₹ lakh) 1312.64 1578.07 844.67 87.26
Net Worth (in ₹ lakh) 2601.95 1525.71 1143.33 295.99
Debt Equity Ratio (x) 0.57 1.13 0.79 0.70
Return on Equity (RoE) (%) 41.36% 53.94% 35.61% 17.19%
Return on Net Worth (RoNW) (%) 39.95% 42.25% 32.97% 18.97%
Earning Per Share (EPS)-in absolute ₹ 14.79 11.31 5.59 0.70

Know before investing

Strengths

6

  1. Experienced promoters with 10+ years in the laminates and plywood industry.

  2. Strong distribution network with 4 dealers across Maharashtra region.

  3. In-house designers offering 200+ unique laminate designs.

  4. A workshop facility in Mumbai enhances production and customisation capabilities.

  5. Confirmed order book of ₹5,618.04 lakhs for FY 2025.

  6. ISO 9001:2015 certification ensures high-quality product standards.

Risks

6

  1. Limited operating history; potential growth volatility affecting investor confidence.

  2. High product concentration: Laminates contribute 86% of revenue (FY 2024).

  3. Geographically restricted to Maharashtra, regional risks impact sales stability.

  4. Dependency on leased premises; lease termination could disrupt operations.

  5. 94.81% of purchases rely on the top 10 suppliers (FY 2024).

  6. High working capital needs; trade receivables reached ₹2,982.97 lakhs (FY 2024).

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Lamosaic India IPO FAQs

What is the Lamosaic India IPO?

Lamosaic India’s IPO is a fixed price issue IPO. It will be open from November 21, 2024, to November 26, 2024.

When will the Lamosaic India IPO be allotted?

The Basis of Allotment will happen on Wednesday, November 27, 2024.

When will the Lamosaic India IPO open for subscription?

The IPO subscription window will open on November 28, 2024.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 600 shares.

When will Lamosaic India Limited list on exchanges?

The listing date for Lamosaic India is Friday, November 29, 2024.

What would be the listing gains on the Lamosaic India IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

How to increase your chances of getting a Lamosaic India IPO allotment?

  1. Multiple Submissions: Use different Demat accounts to make multiple applications.
  2. Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
  3. Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.

How do I approve the UPI mandate request for the Lamosaic India IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Lamosaic India Limited using one PAN?

You can submit only one application using your PAN card.

How to read Lamosaic India Limited's financial statements?

To read Lamosaic India’s financial statements, download the IPO’s  RHP document.