Lamosaic India Limited
Fixed Price IPO · NSE
- Price band
- ₹200 - ₹200
- Lot size
- 600 shares
- Issue amount
- ₹61.2 cr
- Total subscription
- 1.82×
- Opens
- 21 Nov 2024
- Closes
- 26 Nov 2024
- Allotment
- 27 Nov 2024
- Listing
- 29 Nov 2024
Offer at a glance
Issue overview
- Issue size
- 30,60,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,20,000
- Fresh issue
- ₹61.2 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,20,000
- Issue type
- Fixed Price IPO
- Shares before issue
- 72,78,008
- Shares after issue
- 1,03,38,008
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 1,200 | ₹2,40,000 |
| HNI | 3 | 1,800 | ₹3,60,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | — | 1 |
| NIB | — | 266 |
| RETAIL | — | 6,437 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 0 | 0.02 |
| RETAIL | 0 | 77.24 |
Financial performance
Company financials
In Lakhs. · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 14.79 | 11.31 | 5.59 |
| ROE | 41.36 | 53.94 | 35.61 |
| ROCE | 39.95 | 42.25 | 32.97 |
| RONW | 41.36 | 53.94 | 35.61 |
| PRE IPO(PE) | 17.69 | 0 | 0 |
| POST IPO(PE) | 9.61 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Lamosaic India Limited, established in January 2020, is involved in trading and manufacturing building materials like flush doors, decorative laminates, acrylic sheets, base printing paper, and plywood under the “Lamosaic” brand. The company moved beyond trading in September 2023 by setting up a small manufacturing workshop in Chembur, Mumbai, where it produces customized designs and made-to-order decorative doors, laminates, and acrylic sheets based on client needs. It mainly caters to the Maharashtra market through direct sales channels and a franchise outlet in Mumbai, and as of September 30, 2024, the company has a workforce of nine full-time employees and 23 unskilled laborers.
Strengths
- Robust Distribution Network: Lamosaic India Limited has a strong network of dealers, distributors, stockists, and wholesalers, enabling wide market reach and better product availability.
- Experienced Leadership: Backed by an experienced management team, the company benefits from strategic direction, operational guidance, and market understanding.
- Customized Product Designs: With in-house designers, the company can tailor and redesign products to suit Indian market preferences, enhancing customer appeal and product acceptance.
Risk factors
- Limited Operating History: As a recently incorporated company, Lamosaic India Limited has a short performance record, making it difficult for investors to evaluate long-term financial stability and business prospects.
- Existing Debt Obligations: The company intends to use a portion of IPO proceeds for loan repayment, indicating current debt levels that may affect liquidity and financial flexibility.
- Inorganic Growth Challenges: Plans to expand through acquisitions or joint ventures involve integration risks, execution challenges, and potential misalignment with the existing business strategy, which could impact future performance.
Promoters
Mr. Vinod Juthala Visaria
Mr. Jay Manilal Chheda
Mr. Jitesh Khushalchand Mamaniya
Registrar & documents
Lead manager
Inventure Merchant Banker Services Private Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Shop No 32 3B 2B Prop 295 Pisoli Road Kondhwa Pune -411048
+91 876 876 7777
[email protected]Company website ↗Understanding LAMOSAIC IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.