Lamosaic India Limited is gearing up for its IPO, which opens on November 21, 2024, and closes on November 26, 2024. The IPO, listed as a fixed-price issue, aims to raise ₹61.20 crores through the issuance of 30.6 lakh fresh equity shares. The shares will be listed on the NSE SME platform, with the tentative listing date set for Friday, November 29, 2024.
Overview of Contents
Lamosaic India IPO – Overview
Founded in January 2020, Lamosaic India Limited specializes in trading and manufacturing a wide range of products, including:
- Flush Doors
- Decorative Laminates
- Acrylic Sheets
- Printing Paper (Base)
- Plywood
In September 2023, the company ventured into manufacturing by setting up a 650 sq. ft. workshop in Chembur, Mumbai. Lamosaic India also provides customized solutions such as laminate and acrylic sheet designs, offering tailored flush doors based on customer requirements.
| IPO Details | Information |
|---|---|
| IPO Opening Date | November 21, 2024 |
| IPO Closing Date | November 26, 2024 |
| Issue Type | Fixed Price Issue |
| Issue Size | ₹61.20 Crores |
| Price Per Share | ₹200 |
| Lot Size | 600 Shares |
| Minimum Investment (Retail) | ₹120,000 |
| Minimum Investment (HNI) | ₹240,000 (2 Lots) |
| Listing Exchange | NSE SME |
| Allotment Date | November 27, 2024 |
| Listing Date | November 29, 2024 |
| Total Issue Size | 3,060,000 shares (aggregating up to ₹61.20 Cr) |
| Fresh Issue | 3,060,000 shares (aggregating up to ₹61.20 Cr) |
| Share holding pre issue | 7,278,008 |
| Share holding post issue | 10,338,008 |
| Market Maker portion | 153,000 shares |
Objects of the IPO
The net proceeds from the Lamosaic India IPO will be strategically utilized by the company for the following purposes:
- Repayment of Borrowings: Reducing existing financial liabilities to strengthen the company’s balance sheet.
- Incremental Working Capital Requirements: Enhancing operational efficiency and supporting business growth.
- Inorganic Growth Opportunities: Pursuing acquisitions and strategic partnerships to expand market presence.
- General Corporate Purposes: Addressing other corporate needs to ensure smooth business operations and growth.
Promoter Details
| Promoter | Shareholding Pre-Issue | Shareholding Post-Issue |
|---|---|---|
| Mr. Vinod Juthala Visaria | ||
| Mr. Jay Manilal Chheda | ||
| Mr. Jitesh Khushalchand Mamaniya | 100.00% | 70.40% |
Lamosaic India IPO Reservation Details
| nvestor Category | Shares Offered |
|---|---|
| Retail Investors | 50% of the Net Issue |
| Others | 50% of the Net Issue |
Competitive Strengths
Strong Dealer Network:
The company has an extensive network of dealers, distributors, stockists, and wholesalers.
Experienced Management Team:
The promoters bring years of experience in trading and manufacturing.
Customized Product Redesign:
Lamosaic India’s in-house design team tailors products for the Indian market.
Lamosaic India IPO GMP
As of November 19, 2024, 9:27 AM, the latest GMP for the Lamosaic India SME IPO stands at ₹0. With an issue price of ₹200 per share, the estimated listing price remains ₹200 (issue price + today’s GMP). This indicates an expected percentage gain/loss of 0.00% per share.
We provide daily updates on GMP trends. Over the past seven sessions, the grey market has shown no significant activity, and the GMP has remained stable. A similar trend is expected to continue until the listing day. Stay tuned for daily updates on the Lamosaic India SME IPO GMP and its expected listing price trends.
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 26-11-2024 Close | 200.00 | ₹0 Todays Movement - GMP No Change | -- | ₹200 (0%) | 26-Nov-2024 11:18 |
| 25-11-2024 | 200.00 | ₹0 Todays Movement - GMP No Change | -- | ₹200 (0%) | 25-Nov-2024 2:29 |
| 24-11-2024 | 200.00 | ₹0 Todays Movement - GMP No Change | -- | ₹200 (0%) | 24-Nov-2024 2:28 |
| 23-11-2024 | 200.00 | ₹0 Todays Movement - GMP No Change | -- | ₹200 (0%) | 23-Nov-2024 12:26 |
| 22-11-2024 | 200.00 | ₹0 Todays Movement - GMP No Change | -- | ₹200 (0%) | 22-Nov-2024 22:28 |
| 21-11-2024 Open | 200.00 | ₹0 Todays Movement - GMP No Change | -- | ₹200 (0%) | 21-Nov-2024 12:26 |
| 20-11-2024 | 200.00 | ₹0 Todays Movement - GMP No Change | -- | ₹200 (0%) | 20-Nov-2024 22:30 |
| 19-11-2024 | 200.00 | ₹0 Todays Movement - GMP No Change | -- | ₹200 (0%) | 19-Nov-2024 22:30 |
| 18-11-2024 | 200.00 | ₹0 Todays Movement - GMP No Change | -- | ₹200 (0%) | 18-Nov-2024 22:31 |
| 17-11-2024 | 200.00 | ₹0 Todays Movement - GMP No Change | -- | ₹200 (0%) | 17-Nov-2024 22:24 |
| 16-11-2024 | 200.00 | ₹0 Todays Movement - GMP No Change | -- | ₹200 (0%) | 16-Nov-2024 22:31 |
| 15-11-2024 | 200.00 | ₹0 Todays Movement - GMP No Change | -- | ₹200 (0%) | 15-Nov-2024 22:32 |
| 14-11-2024 | 200.00 | ₹0 Todays Movement - GMP No Change | -- | ₹200 (0%) | 14-Nov-2024 22:28 |
| 13-11-2024 | 200.00 | ₹0 Todays Movement - GMP No Change | -- | ₹ (0%) | 13-Nov-2024 19:32 |
Investment Highlights
- Minimum Investment: Retail investors need to purchase a minimum of 600 shares, which amounts to ₹120,000, while HNIs must invest in at least 2 lots (₹240,000).
- Growth Prospects: Lamosaic India’s recent expansion into manufacturing enhances its business scope.
- IPO Price: Set at ₹200 per share, making it a competitive entry point for investors.
Key Performance Indicator
As of September 30, 2024, Lamosaic India’s financial performance reflects its growth trajectory:
| KPI | Value |
|---|---|
| Return on Equity (ROE) | 41.36% |
| Return on Capital Employed (ROCE) | 39.95% |
| Debt-to-Equity Ratio | 0.57 |
| Return on Net Worth (RoNW) | 41.36% |
| Price-to-Book Value (P/BV) | 5.59 |
| Profit After Tax (PAT) Margin | 14.77% |
Lamosaic India Limited Financial Information (Restated)
Lamosaic India Limited achieved a remarkable 75.25% growth in revenue and a significant 102.13% increase in profit after tax (PAT) between the financial years ending March 31, 2023, and March 31, 2024.
| 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 |
| Revenue | 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 |
Lamosaic India Limited Contact Details
- Lamosaic India Limited
- Shop No 32 3B 2B Prop 295
- Pisoli Road Kondhwa
- Pune -411048
- Phone: +91 876 876 7777
- Email: cs@lamosaic.in
- Website:Â https://www.lamosaic.in/
Lamosaic India IPO Registrar
- Phone: 04067162222, 04079611000
- Email: lamosaic.ipo@kfintech.com
- Website:Â https://kosmic.kfintech.com/ipostatus/
Lamosaic India IPO Peer Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Lamosaic India Limited | 14.79 | 14.79 | 35.75 | 13.52 | 41.36 | 5.59 | |
| Archidply Industries Ltd. | 3.57 | 3.57 | 56.14 | 33.80 | 6.36 | 2.15 | |
| Sylvan Plyboard (india) Limited | 4.27 | 4.27 | 49.64 | 20.79 | 6.34 | 1.78 | |
| Duroply Industries Ltd | 1.25 | 1.25 | 223.20 | 128.20 | 0.80 |
Conclusion
Lamosaic India IPO offers an opportunity to invest in a growing company with a strong product portfolio and robust market presence. With objectives focused on debt reduction, working capital enhancement, and growth initiatives, the IPO has the potential to deliver value to investors. Investors are advised to consider the company’s fundamentals, market conditions, and objectives before making their investment decisions.
FAQs
Q1. What is the issue size of Lamosaic India Ltd IPO?
The issue size of the Lamosaic India Ltd IPO is ₹61.20 crores, comprising a fresh issue of 30.6 lakh shares.
Q2. What is ‘pre-apply’ for Lamosaic India Ltd IPO?
‘Pre-apply’ allows investors to place their IPO application before the IPO officially opens for subscription. It ensures faster order processing once the IPO goes live.
Q3. If I pre-apply for Lamosaic India Ltd IPO, when will my order get placed?
Your order will be placed as soon as the IPO opens for subscription on November 21, 2024.
Q4. When will I know if my Lamosaic India Ltd IPO order is placed?
You will receive a confirmation once your IPO application is successfully submitted during the subscription period.
Q5. What are the open and close dates of the Lamosaic India Ltd IPO?
The IPO opens on November 21, 2024, and closes on November 26, 2024.
Q6. What is the lot size and minimum order quantity of the Lamosaic India Ltd IPO?
The lot size is 600 shares, and the minimum order quantity is 1 lot (600 shares), requiring a minimum investment of ₹120,000 for retail investors.
Q7. What is the allotment date for the Lamosaic India Ltd IPO?
The allotment date is November 27, 2024.
Q8. Where is the Lamosaic India Ltd IPO getting listed?
The IPO shares will be listed on the NSE SME exchange, with a tentative listing date of November 29, 2024.