Lamosaic India IPO - Day 4 Subscription at 1.29 Times

Lamosaic India's initial public offering (IPO) has received decent investor interest over the four-day period. The IPO witnessed steady growth in demand, with subscription rates growing from 0.22 times on day one to 0.59 times on day two, 1.17 times on day three, and reaching 1.29 times by 11:07 AM on day four.

Lamosaic India IPO, which opened on 21st November 2024, has seen varied participation across categories. The Retail Investors segment has shown good interest, reaching 1.83 subscriptions, while non-institutional investors demonstrated moderate participation at 0.75.

This measured response comes amid ongoing sentiment in the Indian stock market, particularly towards companies in the building materials sector.

Subscription Status of Lamosaic India IPO:

*As of 11:07 AM

Here are the subscription details for Lamosaic India IPO as of Day 4 (26th November 2024, 11:07 AM):

Total Applications: 4,602

Note:

• "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
• The Market Maker portion is not included in the NII category.

Key Highlights:

• Overall subscription reached 1.29 times on final day
• Retail investors led with 1.83 times subscription compared to 1.60 times on previous day
• Non-Institutional Investors steady at 0.75 times subscription
• Total applications reached 4,602, including 4,439 retail applications
• Retail portion attracted bids for 26,63,400 shares worth ₹53.27 crores
• NII portion received bids for 10,89,000 shares worth ₹21.78 crores
• Market Maker portion fully subscribed for 1,53,000 shares
• Total bids received for 37,53,600 shares against 29,07,000 shares offered
• Cumulative bid value reached ₹75.07 crores on final day

Lamosaic India IPO - Day 3 Subscription at 1.17 Times

Key Highlights:

• Overall subscription improved to 1.17 times from 0.59 times
• Retail investors portion oversubscribed at 1.60 times, up from 0.57 times
• Non-Institutional Investors increased to 0.75 times from 0.61 times
• Significant improvement in retail participation from day two
• Subscription value showed substantial increase across categories
• Total subscription demonstrated strong day-on-day growth
• NII portion witnessed steady growth in application numbers
• Retail segment showed accelerated subscription momentum
• Issue garnered stronger response across investor categories

Lamosaic India IPO - Day 2 Subscription at 0.59 Times

Key Highlights:

• Overall subscription grew to 0.59 times from 0.22 times
• Retail portion improved significantly to 0.57 times from 0.09 times
• NII portion increased to 0.61 times from 0.36 times
• Day two showed balanced participation across categories
• Subscription value registered notable increase from day one
• Application count demonstrated substantial growth
• Both retail and NII segments showed improved traction
• Issue witnessed broader market participation
• Subscription momentum indicated growing investor interest

Lamosaic India IPO - Day 1 Subscription at 0.22 Times

Key Highlights:

• Overall subscription opened at 0.22 times on day one
• Retail investors portion subscribed 0.09 times
• Non-Institutional Investors showed interest with 0.36 times subscription
• Initial application count indicated measured response
• NII segment led first-day subscription statistics
• Retail portion received modest opening day response
• Day one subscription value reflected cautious start
• Opening day witnessed selective investor participation
• Initial response indicated room for subscription growth

About Lamosaic India Limited

Founded in January 2020, Lamosaic India Limited has established itself in trading various building materials and recently expanded into manufacturing. The company specializes in trading and manufacturing of flush doors, decorative laminates, acrylic sheets, printing paper, and plywood under the brand name "Lamosaic".

The company began its manufacturing operations in September 2023 with a workshop in Chembur, Mumbai, covering approximately 650 sq. ft. Their business model includes both direct market sales and distribution through franchises in Mumbai, Maharashtra. With nine employees and 23 unskilled laborers as of September 2024, the company focuses on customized solutions including design of laminates and acrylic sheets.

The company has demonstrated strong financial performance with 75.25% revenue growth and 102.13% PAT growth between FY2023 and FY2024, backed by their strong network of dealers, distributors, and experienced management team.

Highlights of the Lamosaic India IPO

• IPO type: Fixed Price Issue
• IPO size: ₹61.20 crores
• Fresh Issue: 30.6 lakh shares
• Face value: ₹10 per share
• Issue price: ₹200 per share
• Lot size: 600 shares
• Minimum investment for retail investors: ₹120,000
• Minimum investment for HNI: ₹240,000 (2 lots)
• Listing at: NSE SME
• IPO opens: November 21, 2024
• IPO closes: November 26, 2024
• Allotment date: November 27, 2024
• Listing date: November 29, 2024
• Lead Manager: Inventure Merchant Banker Services Pvt Ltd
• Registrar: Kfin Technologies Limited
• Market Maker: Svcm Securities