Lamosaic India IPO: Complete Details on Price, Date, and Lot Size

byPriyanka JuyalLast Updated: November 14, 2024
Why Should You Invest In SIP

Lamosaic India Limited IPO is set to raise ₹61.20 crores through the issuance of 30.6 lakh shares in a fixed price issue. The Lamosaic India IPO will open for subscription on November 21, 2024, and close on November 26, 2024. The allotment is expected to be finalized by November 27, 2024, with shares being credited to investors’ Demat accounts by November 28, 2024. The listing date is scheduled for November 29, 2024, on the NSE SME.

The Lamosaic India Limited IPO has set the price at ₹200 per share, and the minimum lot size for an application is 600 shares, with a required investment of ₹120,000 for retail investors. For High Net-Worth Individuals (HNIs), the minimum application size is 1,200 shares (2 lots), amounting to ₹240,000.

The IPO is managed by Inventure Merchant Banker Services Pvt Ltd as the book running lead manager, with Kfin Technologies Limited as the registrar and Svcm Securities as the market maker.

Lamosaic India Services IPO Details

Lamosaic India IPO Lot Size & Investment

Investors can bid for a minimum of 600 shares and in multiples thereof. Here’s the breakdown for retail and HNI investors:

Lamosaic India IPO Promoter Holding

  • Pre-issue shareholding: 100%
  • Post-issue shareholding: 70.40%

About Lamosaic India Limited

Lamosaic India Limited was founded in January 2020 and focuses on trading and manufacturing products like flush doors, decorative laminates, acrylic sheets, printing paper (base), and plywood. In September 2023, the company opened a new workshop in Chembur, Mumbai, covering 650 sq. ft.
The company offers custom solutions, designing laminates and acrylic sheets, and also manufactures laminated and decorative flush doors based on customer orders. Most of its operations are in Maharashtra, with a distribution franchise in Mumbai.

Competitive Strengths of Lamosaic India Limited

  • A strong network of dealers, distributors, and wholesalers.
  • Experienced management team.
  • In-house designers who adapt products to suit the Indian market.

Lamosaic India Limited Financial Performance

The company has demonstrated impressive growth in revenue and profits:

Lamosaic India Limited IPO Objective

The funds raised from the IPO will be used for:

  • Repayment of borrowings
  • Meeting working capital requirements
  • Pursuing inorganic growth
  • General corporate purposes

Lamosaic India IPO GMP (Grey Market Premium)

While Lamosaic India Limited IPO GMP is a crucial indicator for potential investors, it will be closely watched as the issue date approaches.

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