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Lamosaic India IPO is a fixed price issue of ₹61.20 crores. The issue is entirely a fresh issue of 0.31 crore shares of ₹61.20 crore.
Lamosaic India IPO bidding started from Nov 21, 2024 and ended on Nov 26, 2024. The allotment for Lamosaic India IPO was finalized on Nov 27, 2024. The shares got listed on NSE SME on Nov 29, 2024.
Lamosaic India IPO price is ₹200.00 per share . The lot size for an application is 600. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (600 shares). The minimum lot size investment for HNI is 2 lots (1,200 shares), amounting to ₹2,40,000.
Inventure Merchant Banker Services Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Svcm Securities Pvt.Ltd..
Refer to Lamosaic India IPO RHP for detailed Information.
| IPO Date | November 21, 2024 to November 26, 2024 |
| Listing Date | November 29, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹200 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 30,60,000 shares (aggregating up to ₹61.20 Cr) |
| Reserved for Market Maker | 1,53,000 shares Svcm Securities Pvt.Ltd. (aggregating up to ₹3.06 Cr) |
| Net Offered to Public | 29,07,000 shares (aggregating up to ₹58.14 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 72,78,008 shares |
| Share Holding Post Issue | 1,03,38,008 shares |
Lamosaic India IPO offers total 30,60,000 shares. Out of which 14,53,500 (47.50%) allocated to NII, 14,53,500 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,53,000 (5.00%) |
| NII (HNI) Shares Offered | 14,53,500 (47.50%) |
| Retail Shares Offered | 14,53,500 (47.50%) |
| Total Shares Offered | 30,60,000 (100.00%) |
Lamosaic India IPO opens on November 21, 2024, and closes on November 26, 2024.
| IPO Open Date | Thu, Nov 21, 2024 |
| IPO Close Date | Tue, Nov 26, 2024 |
| Tentative Allotment | Wed, Nov 27, 2024 |
| Initiation of Refunds | Thu, Nov 28, 2024 |
| Credit of Shares to Demat | Thu, Nov 28, 2024 |
| Tentative Listing Date | Fri, Nov 29, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Nov 26, 2024 |
Investors can bid for a minimum of 600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
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
As of September 30 2024, the company has nine employees and 23 unskilled labourers.
Lamosaic India Limited's revenue increased by 75.25% and profit after tax (PAT) rose by 102.13% between the financial year ending with March 31, 2024 and March 31, 2023.
| 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 |
| Total Income | 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 | ||||
The market capitalization of Lamosaic India IPO is ₹206.76 Cr.
KPI as of Mon, Sep 30, 2024.
| KPI | Values |
|---|---|
| ROE | 41.36% |
| ROCE | 39.95% |
| Debt/Equity | 0.57 |
| RoNW | 41.36% |
| PAT Margin | 14.77% |
| Price to Book Value | 5.59 |
| 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 by the Company for the following objects:
[Dilip Davda] The company is engaged in a highly competitive and fragmented segment of trading and manufacturing of plywood, decorative laminates, flush door, acrylic sheet etc. It posted bumper top and bottom lines from FY23 onwards which is unbelievable. Based on FY25 super earnings, the issue appears fully priced. There is no harm in skipping this “High Risk/Low Return” bet. Read detail review...
| Listing Date | November 29, 2024 |
| BSE Script Code | |
| NSE Symbol | LAMOSAIC |
| ISIN | INE0R0201012 |
| Final Issue Price | ₹200 per share |
| NSE Listing Group | ST (Trade to Trade) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹200.00 |
| Open | ₹164.00 |
| Low | ₹164.00 |
| High | ₹172.20 |
| Last Trade | ₹172.20 |
Lamosaic India Ltd.
Shop No 32 3B 2B Prop 295
Pisoli Road
Kondhwa
Pune, Maharashtra, 411048
Phone: +91 876 876 7777
Email: cs@lamosaic.in
Website: https://www.lamosaic.in/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: lamosaic.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Lamosaic India IPO is a SME IPO of 30,60,000 equity shares of the face value of ₹10 aggregating up to ₹61.20 Crores. The issue is priced at ₹200 per share. The minimum order quantity is 600.
The IPO opens on November 21, 2024, and closes on November 26, 2024.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Lamosaic India IPO using UPI as a payment gateway. Zerodha customers can apply in Lamosaic India IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Lamosaic India IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Lamosaic India IPO opens on November 21, 2024 and closes on November 26, 2024.
Lamosaic India IPO lot size is 600, and the minimum amount required for application is ₹1,20,000.
You can apply in Lamosaic India IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Lamosaic India IPO will be done on Wednesday, November 27, 2024, and the allotted shares will be credited to your demat account by Thursday, November 28, 2024. Check the Lamosaic India IPO allotment status.
The Lamosaic India IPO listing date is on Friday, November 29, 2024.
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