Fixed Price IPO | ₹61 Cr | Listed at NSE SME | Thu, Nov 21, 2024 - Tue, Nov 26, 2024
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Nov 21, 2024
IPO Close
Tue, Nov 26, 2024
Issue Price
₹200 per share
Market Cap (Pre-IPO)
₹206.76 Cr
| IPO Date | 21 to 26 Nov, 2024 |
| Listed on | Fri, Nov 29, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹200 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 30,60,000 shares (agg. up to ₹61 Cr) |
| Reserved for Market Maker | 1,53,000 shares Svcm Securities Pvt.Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 29,07,000 shares (agg. up to ₹58 Cr) |
| Net Offered to Public | 29,07,000 shares (agg. up to ₹58 Cr) |
| Share Holding Pre Issue | 72,78,008 shares |
| Share Holding Post Issue | 1,03,38,008 shares |
| NSE Symbol | LAMOSAIC |
| ISIN | INE0R0201012 |
Lamosaic India IPO comprises a total issue size of 30,60,000 shares. The net offer to the public is 29,07,000 shares, after excluding 1,53,000 shares allotted on a firm basis. Of the Net offer 14,53,500 (50.00%) allocated to NII 14,53,500 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 14,53,500 | 50.00% | 47.50% |
| Retail Shares Offered | 14,53,500 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,53,000 | 5.00% | |
| Total Shares Offered | 30,60,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 600 shares and in multiples thereof.
| 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 |
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.
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 81.52 | 51.27 | 29.06 | 5.81 |
| Total Income | 72.87 | 55.66 | 31.76 | 10.03 |
| Profit After Tax | 10.76 | 8.23 | 4.07 | 0.51 |
| NET Worth | 26.02 | 15.26 | 11.43 | 2.96 |
| Reserves and Surplus | 18.74 | 7.98 | ||
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment of certain Borrowings | |
| 2 | To meet incremental working capital requirements; | |
| 3 | Pursuing Inorganic Growth; and | |
| 4 | General Corporate Purpose |
| KPI | Sep 30, 2024 |
|---|---|
| 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 (₹) | 11.31 | 20.82 |
| P/E (x) | 17.69 | 9.61 |
| Promoter Holding | 100% | 70.4% |
| Market Cap | ₹206.76 Cr. |
The Lamosaic India IPO is subscribed 1.77 times on November 26, 2024 6:19:59 PM (Day 4). The public issue subscribed 2.66 times in the retail category, [.] times in the QIB category, and 0.88 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| NII* | 0.88 | 14,53,500 | 12,75,600 | 266 |
| Retail | 2.66 | 14,53,500 | 38,62,200 | 6,437 |
| Total | 1.77 | 29,07,000 | 51,39,000 | 6,704 |
Total Application : 6,704
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including, underwriting, and selling commissions, brokerages, Advisors to the Company, payment to other intermediaries such as Legal Advisors, Registrars etc. and other out of pocket expenses, Brokerage and selling commission | 1.41 |
| 2 | Advertising and marketing expenses | 0.08 |
| 3 | Printing & Stationery, Distribution, Postage | 0.04 |
| 4 | ROC, Regulatory and other expenses including Listing Fee | 0.21 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹200.00 |
| Open | ₹164.00 |
| Low | ₹164.00 |
| High | ₹172.20 |
| Last Trade | ₹172.20 |
Lead Manager Reports
Lamosaic India IPO is a SME IPO of 30,60,000 equity shares of the face value of ₹10 aggregating up to ₹61 Crores. The issue is priced at ₹200 per share. The minimum order quantity is 600.
The IPO opens on Thu, Nov 21, 2024, and closes on Tue, Nov 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 Thu, Nov 21, 2024 and closes on Tue, Nov 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 Thu, Nov 28, 2024. Check the Lamosaic India IPO allotment status.
The Lamosaic India IPO listing date is on Fri, Nov 29, 2024.
