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Lamosaic India IPO is a fixed price issue of Rs 61.20 crores. The issue is entirely a fresh issue of 30.6 lakh shares.
Lamosaic India IPO opens for subscription on November 21, 2024 and closes on November 26, 2024. The allotment for the Lamosaic India IPO is expected to be finalized on Wednesday, November 27, 2024. Lamosaic India IPO will list on NSE SME with tentative listing date fixed as Friday, November 29, 2024.
Lamosaic India IPO price is ₹200 per share. The minimum lot size for an application is 600 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (1,200 shares) amounting to ₹240,000.
Inventure Merchant Banker Services Pvt Ltd is the book running lead manager of the Lamosaic India IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Lamosaic India IPO is Svcm Securities.
Refer to Lamosaic India IPO RHP for detailed information.
| IPO Date | November 21, 2024 to November 26, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹200 per share |
| Lot Size | 600 Shares |
| 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) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 7,278,008 |
| Share holding post issue | 10,338,008 |
| Market Maker portion | 153,000 shares Svcm Securities |
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
Lamosaic India IPO opens on November 21, 2024, and closes on November 26, 2024.
| IPO Open Date | Thursday, November 21, 2024 |
| IPO Close Date | Tuesday, November 26, 2024 |
| Basis of Allotment | Wednesday, November 27, 2024 |
| Initiation of Refunds | Thursday, November 28, 2024 |
| Credit of Shares to Demat | Thursday, November 28, 2024 |
| Listing Date | Friday, November 29, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 26, 2024 |
Investors can bid for a minimum of 600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹120,000 |
| Retail (Max) | 1 | 600 | ₹120,000 |
| HNI (Min) | 2 | 1,200 | ₹240,000 |
| Lot Size Calculator | |||
The Promoters of the Company are Mr. Vinod Juthala Visaria, Mr. Jay Manilal Chheda and Mr. Jitesh Khushalchand Mamaniya.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 70.40% |
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 |
| 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 | ||
| Amount in ₹ Lakhs | ||||
The market capitalization of Lamosaic India IPO is Rs 206.76 Cr.
KPI as of September 30, 2024.
| KPI | Values |
|---|---|
| ROE | 41.36% |
| ROCE | 39.95% |
| Debt/Equity | 0.57 |
| RoNW | 41.36% |
| P/BV | 5.59 |
| PAT Margin (%) | 14.77 |
| 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...
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: https://www.lamosaic.in/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: lamosaic.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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Lamosaic India IPO is a SME IPO of 3,060,000 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 Shares.
The IPO opens on November 21, 2024, and closes on November 26, 2024.
Kfin Technologies Limited 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 Shares, and the minimum amount required is ₹120,000.
You can apply in Lamosaic India IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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.
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