Lamosaic India Overview

Lamosaic India IPO is a fixed price issue raising ₹61.20 crores through the issuance of 30.6 lakh fresh shares. This IPO opens for subscription on November 21, 2024, and closes on November 26, 2024.

Price and Lot Size Details
The IPO is priced at ₹200 per share, with a minimum application size of 600 shares for retail investors. This means retail investors must invest at least ₹120,000. For HNIs, the minimum application is 1,200 shares (2 lots), requiring an investment of ₹240,000.

Listing and Key Dates
Lamosaic India IPO is set to list on the NSE SME platform. Allotment of shares is expected on November 27, 2024, with the tentative listing date on November 29, 2024.

Management and Registrar
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.

Lamosaic India Important dates

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

Lamosaic India Financial Performance

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

Lamosaic India Key Performance Indicator

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

Lamosaic India Objectives

The Net Proceeds from the Issue are proposed to be utilized by the Company for the following objects:

  • Repayment of certain Borrowings;
  • To meet incremental working capital requirements;
  • Pursuing Inorganic Growth; and
  • General Corporate Purposes

Lamosaic India Lot Size

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

Lamosaic India IPO Details

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

Lamosaic India Company Overview and Services

Founded in January 2020, Lamosaic India Limited specializes in trading products like flush doors, decorative laminates, acrylic sheets, printing paper, and plywood. In September 2023, the company expanded into manufacturing with a workshop in Chembur, Mumbai, spanning 650 sq. ft.

Lamosaic’s product range, sold under the brand name “Lamosaic,” includes flush doors, decorative laminates, acrylic sheets, printing paper, and plywood. The company also offers customized solutions, such as designing laminates and acrylic sheets, and manufactures laminated and decorative flush doors tailored to customer orders.

Operating primarily in Maharashtra, Lamosaic sells products directly and through a franchise in Mumbai. The company’s competitive strengths include a robust network of dealers, distributors, and wholesalers, an experienced management team, and innovative product designs suited for the Indian market.

As of September 2024, Lamosaic employs nine staff members and 23 unskilled laborers, driving its growing trading and manufacturing operations.

Lamosaic India SWOT Analysis

Strengths

  1. Diverse Product Portfolio: Offers a wide range of products, including flush doors, laminates, acrylic sheets, and plywood, catering to multiple customer needs.
  2. Customized Solutions: Provides tailored products like laminated and decorative flush doors, enhancing customer satisfaction.
  3. Strong Distribution Network: Established dealer, distributor, stockist, and wholesaler connections ensure extensive market reach.
  4. Experienced Management: A skilled leadership team drives efficient decision-making and operational strategies.
  5. Local Manufacturing Base: The Chembur workshop supports in-house manufacturing and ensures quality control and quick turnaround for orders.

Weaknesses

  1. Geographic Limitation: Operations are currently restricted to Maharashtra, limiting market expansion.
  2. Dependence on Unskilled Labor: Reliance on unskilled laborers could impact production efficiency and quality.
  3. Limited Brand Presence: As a relatively new entrant (since 2020), the brand may lack nationwide recognition.

Opportunities

  1. Market Expansion: Scaling operations beyond Maharashtra could significantly increase revenue and brand visibility.
  2. Growing Construction Sector: Rising demand for quality building materials presents opportunities for increased sales.
  3. Franchise Growth: Expanding franchise partnerships can strengthen distribution channels and regional presence.
  4. Product Innovation: Developing eco-friendly or premium product lines could attract a broader customer base.

Threats

  1. Market Competition: Intense competition from established players in the building materials sector may challenge growth.
  2. Economic Fluctuations: Dependence on the construction industry makes the business vulnerable to economic slowdowns.
  3. Raw Material Costs: Volatility in the cost of raw materials could impact profit margins.
  4. Labor Dependence: High reliance on labor, especially unskilled, may pose risks of workforce inefficiencies or disruptions.

Lamosaic India GMP Details

Lamosaic India SME IPO last GMP is ₹0, last updated Nov 21st 2024. With the price band of 200.00, Lamosaic India SME IPO’s estimated listing price is ₹200 (cap price + today’s GMP).The expected percentage gain/loss per share is 0.00%.

GMP Date IPO Price GMP Sub2 Sauda Rate Estimated Listing Price Last Updated
21-11-2024 Open 200.00 ₹0  — ₹200 (0%) 21-Nov-2024
20-11-2024 200.00 ₹0  — ₹200 (0%) 20-Nov-2024
19-11-2024 200.00 ₹0  — ₹200 (0%) 19-Nov-2024
18-11-2024 200.00 ₹0  — ₹200 (0%) 18-Nov-2024
17-11-2024 200.00 ₹0  — ₹200 (0%) 17-Nov-2024

What is IPO GMP?

The grey market premium (GMP) reflects the unofficial trading price of an IPO before its listing, offering insights into its potential market performance. A positive GMP indicates that the IPO may yield profits, while a negative GMP suggests a possible discount upon listing. However, it’s essential to recognize that IPO GMP can be highly volatile. Therefore, investors should not make decisions solely based on the GMP but should thoroughly assess all relevant factors before investing.

Want to Raise money for your company through SME IPO? Read More

Lamosaic India Subscription status 

Lamosaic India IPO subscribed 0.01 times. The public issue subscribed 0.02 times in the retail category, [.] times in QIB, and 0.00 times in the NII category by November 21, 2024.

Investor Category Subscription (times) Shares Offered* Shares bid for Total Amount (Rs Cr.)* Total Application
Non-Institutional Buyers*** 0.00 14,53,500 0 0 0
Retail Investors 0.02 14,53,500 22,800 0.46 38
Total ** 0.01 29,07,000 22,800 0.46 38

Note:

  • *: “Shares Offered” and “Total Amount” are calculated based on the upper price of the issue price range.

  • **: The portion of anchor investors (or market makers) is not included in the total number of shares offered.

  • ***: Market Maker portion is not included to NII/HNI.

Lamosaic India IPO Subscription Details (times)

Date NII* Retail Total
Day 1
Nov 21, 2024		 0.00 0.02 0.01

Lamosaic India Allotment status 

The allotment status of Lamosaic India IPO is expected to be available on November 27, 2024.

To check Lamosaic India IPO allotment status, follow the steps below:

  1. Click on the below allotment status check button.
  2. Select Company Name.
  3. Enter your PAN Number, Application Number or DP Client ID (Anyone).
  4. Click on Search.

On securing the allotment, you will receive the credit of equivalent shares in your Demat account.

If you have any concerns or queries about the allotment status, contact Kfin Technologies Limited either by phone or email. Investors can call on 04067162222, 04079611000 or send an email with all relevant details to lamosaic.ipo@kfintech.com.

Lamosaic India 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: https://www.lamosaic.in/

Lamosaic India IPO Lead Manager

  • Inventure Merchant Banker Services Pvt Ltd

Lamosaic India IPO Registrar

Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: lamosaic.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/

 

Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.