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Lamosaic India IPO

  • Status: Closed
  • RHP:
  • ₹ 120,000 / 600 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    29 Nov 2024

  • Listing Price

    ₹ 164.00

  • Listing Change

    -18.00%

  • Last Traded Price

    ₹ 109.70

IPO Details

  • Open Date

    21 Nov 2024

  • Close Date

    26 Nov 2024

  • IPO Price Range

    ₹ 200

  • IPO Size

    ₹ 61.20 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    29 Nov 2024

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Lamosaic India IPO Subscription Status

Last Updated: 26 November 2024 6:53 PM by 5Paisa

Lamosaic India IPO is set to open on 21 November 2024 and will close on 26 November 2024. Lamosaic India trades various products, including flush doors, decorative laminates, acrylic sheets, printing paper (base), and plywood.


The IPO is a fresh issue of 0.31 Cr shares aggregating to ₹61.20 Cr. The price is set at ₹200 per share and the lot size is 600 shares. 

The allotment is scheduled to be finalised on 27 November 2024. It will go public on NSE SME, with a tentative listing date of 29 November 2024.

Inventure Merchant Banker Services Pvt Ltd is the book running lead manager while Kfin Technologies Limited Private Ltd is the registrar. 
 

Lamosaic IPO Size

Types Size
Total IPO Size ₹61.20 Cr.
Offer For Sale -
Fresh Issue ₹61.20 Cr.

 

Lamosaic IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 600 ₹120,000
Retail (Max) 1 600 ₹120,000
HNI (Min) 2 1,200 ₹240,000

 

Lamosaic IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
QIB 0.88 14,53,500 12,75,600 25.51
NII (HNI) 2.66 14,53,500 38,59,800 77.20
Retail 1.77     29,07,000 51,36,600 102.73

 

1. Repayment of certain Borrowings;
2.To meet incremental working capital requirements;
3. Pursuing Inorganic Growth; and
4. General Corporate Purposes
 

Lamosaic India, founded in January 2020, trades a diverse range of products, including flush doors, decorative laminates, acrylic sheets, printing paper, and plywood. In September 2023, the company expanded into manufacturing by establishing a workshop in Chembur, Mumbai, with an area of 650 sq. ft. Operating under the "Lamosaic" brand, it offers tailored solutions, designing custom laminates and acrylic sheets for clients, and manufactures decorative flush doors per customer specifications.

Focused on the Maharashtra market, Lamosaic conducts both trading and manufacturing operations while also distributing products through a franchise in Mumbai. The company’s competitive strengths include an extensive network of dealers, distributors, stockists, and wholesalers, along with a skilled management team and in-house designers who customise products for the Indian market. As of September 2024, Lamosaic employs nine staff members and 23 unskilled labourers to support its growing business.

Peers

ArchidPly Industries Ltd
Sylvan Plyboard (India) Ltd
Duroply Industries Ltd
 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY24 FY23 FY22
Revenue 55.66 31.76 10.03
EBITDA 14.17 7.00 0.96
PAT 8.23 4.07 0.51
Particulars (in Rs. Crores) FY24 FY23 FY22
Total Assets 51.27 29.06 5.81
Share Capital 7.28 11.43 2.96
Total Borrowings 17.25 8.98 2.07
Particulars (in Rs. Crores) FY24 FY23 FY22
Net Cash Generated From / (used in) operating activities 7.86 -3.43 0.28
Net Cash Generated From / (used in) investing activities -0.25 -6.37 -0.17
Net Cash Generated From / (used in) financing activities 0.93 -0.66 1.07
Net Increase (Decrease) In Cash And Cash Equivalents 0.45 5.46 0.49


Strengths

1. Strong dealer, distributor, and wholesaler network ensures wide market reach and product availability.
2. Skilled management team drives strategic growth, efficiently overseeing trading and manufacturing operations.
3. In-house designers customise products to meet unique Indian market preferences and client needs.
4. Recent expansion into manufacturing adds production capabilities, enhancing product control and customization options.
5. Focus on quality and customised solutions strengthens brand reputation and customer satisfaction across Maharashtra.
 

Risks

1. Limited geographical presence within Maharashtra restricts growth and exposure to broader markets.
2. Heavy reliance on a small workshop may limit production capacity and scalability potential.
3. Dependence on franchise distribution could create challenges if franchise support diminishes or underperforms.
4. Economic downturns affecting construction could reduce demand for laminate, plywood, and related products.
5. Small workforce and reliance on unskilled labor may impact productivity and operational efficiency.
 

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FAQs

Lamosaic India IPO opens from 21 November to 26 November 2024.

The size of Lamosaic India IPO is ₹61.20 Cr.

The price of Lamosaic India IPO is fixed at ₹200 per share. 

To apply for Lamosaic India IPO, follow the steps given below:

● Login to your 5paisa account and select the issue in the current IPO section    
● Enter the number of lots and the price at which you wish to apply for the Lamosaic India IPO.    
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Lamosaic India IPO is 600 shares and the investment required is ₹120,000.
 

The share allotment date of Lamosaic India IPO is 27 November 2024

The Lamosaic India IPO will be listed on 29 November 2024.

Inventure Merchant Banker Services Pvt Ltd is the book running lead manager for Lamosaic India IPO.
 

Lamosaic India plans to utilise the raised capital from the IPO for:

1. Repayment of certain Borrowings;
2. To meet incremental working capital requirements;
3. Pursuing Inorganic Growth; and
4. General Corporate Purposes