Lamosaic India Limited is launching an IPO via a fixed-price issue valued at ₹61.20 crore, comprising a fresh issue of 30.6 lakh equity shares. The IPO opens for subscription on November 21, 2024, and closes on November 26, 2024. The allotment is expected to be finalised by November 27, 2024, with the shares set to list on the NSE SME on November 29, 2024.
The issue price for Lamosaic India IPO is fixed at ₹200 per share. Retail investors can apply for a minimum lot size of 600 shares, requiring an investment of ₹1,20,000. For High Net-worth Individuals (HNIs), the minimum investment is 2 lots (1,200 shares), amounting to ₹2,40,000.
Inventure Merchant Banker Services Pvt Ltd is the lead manager for the IPO, with Kfin Technologies Limited acting as the registrar. Svcm Securities is designated as the market maker for this offering, supporting liquidity in the SME market segment.
Industry Outlook:
- India's plywood market is projected to grow from ₹208.5 billion (FY 2022-23) to ₹306.5 billion by FY 2028-29, with a CAGR of 6.74%.
- Organised players now dominate 75% of India's export market for laminates (up from 52% in FY17), boosting global presence in Europe and the Middle East.
Lamosaic India IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Repayment of certain Borrowings.
- To meet incremental working capital requirements.
- Pursuing Inorganic Growth.
- General Corporate Purpose.
About Lamosaic India Limited
Lamosaic India Limited, originally established as "Swastik Marketing" in January 2020, transitioned from a partnership firm to a public limited company in June 2023 under the Companies Act 2013. Headquartered in Pune with a Certificate of Incorporation dated June 13, 2023, Lamosaic diversified from trading to manufacturing in September 2023 by establishing a 650 sq. ft. workshop in Chembur, Mumbai.
The company trades and manufactures various products, including flush doors, decorative laminates, acrylic sheets, printing paper, and plywood, primarily catering to the real estate, construction, interior decor, furniture, and plywood industries within Maharashtra.
Lamosaic offers customised design solutions for laminates and acrylic sheets and produces laminated and decorative flush doors based on customer orders. The company operates both direct market sales and through a franchise in Mumbai, maintaining a strong network of dealers, distributors, stockists, and wholesalers.
Peer Details
The companies considered by Lamosaic India Limited as its peers include:
- Lamosaic India Limited
- Archidply Industries Limited
- Sylvan Plyboard (India) Limited
- Duroply Industries Limited
How to Check the Allotment Status of the Lamosaic India IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How to apply for Lamosaic India IPO online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Lamosaic India IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of Lamosaic India IPO
- Registered office: Shop No- 32, 3B 2B, Prop 295 Pisoli Road, Kondhwa, Pune, Maharashtra- 411048, India
- Phone: +91 876 876 7777
- E-mail: cs@lamosaic.in
Lamosaic India IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹1,20,000 |
| Retail (Max) | 1 | 600 | ₹1,20,000 |
| HNI (Min) | 2 | 1,200 | ₹2,40,000 |
Lamosaic India IPO Reservation
This table outlines the share allocation for different investor categories in the Lamosaic India IPO.
| Investor Category | Shares Offered | Percentage of Total Shares |
|---|---|---|
| Market Maker Shares Offered | 1,53,000 | 5 |
| Other Shares Offered | 14,53,500 | 47.5 |
| Retail Shares Offered | 14,53,500 | 47.5 |
Lamosaic India IPO Promoter Holding
Lamosaic India Limited’s promoters are Vinod Juthala Visaria, Jay Manilal Chheda, and Jitesh Khushalchand Mamaniya.
| Share Holding Pre-Issue | 100.00% |
| Share Holding Post Issue | 70.40% |
Key Performance Indicators (KPI) for Lamosaic India IPO
As of September 30, 2024, the market capitalization of Lamosaic India stood at ₹206.76 crore.
| KPI | Value |
| Return on Equity (ROE) (%) | 41.36 |
| Debt-to-Equity Ratio (x) | 0.57 |
| Return on Net Worth (RoNW) (%) | 41.36 |
| Price-to-Book Value (P/BV) (x) | 5.59 |
| Profit After Tax (PAT) Margin (%) | 14.77 |
Lamosaic India IPO Subscription Status (Bidding Detail)
| Date | NII (times) | Retail (times) | Total (times) |
|---|---|---|---|
| Day 1 (Nov 21, 2024) | 0.36 | 0.08 | 0.22 |
Lamosaic India IPO Prospectus
Lamosaic India IPO Lead Manager
Inventure Merchant Banker Services Pvt Limited.
Lamosaic India IPO Registrar
Kfin Technologies Limited
IPO Financials
| Particulars | For the period ended September 30, 2024 | Year ending on March 31, 2024 | Year ending on March 31, 2023 |
|---|---|---|---|
| Revenue from operation (in ₹ lakh ) | 7282.07 | 5564.53 | 3167.27 |
| Profit After Tax (PAT) (in ₹ lakh) | 1076.24 | 822.94 | 407.14 |
| Total Borrowings (in ₹ lakh) | 1312.64 | 1578.07 | 844.67 |
| Net Worth (in ₹ lakh) | 2601.95 | 1525.71 | 1143.33 |
| Debt Equity Ratio (x) | 0.57 | 1.13 | 0.79 |
| Return on Equity (RoE) (%) | 41.36% | 53.94% | 35.61% |
| Return on Net Worth (RoNW) (%) | 39.95% | 42.25% | 32.97% |
| Earning Per Share (EPS)-in absolute ₹ | 14.79 | 11.31 | 5.59 |
Know before investing
Strengths
6Experienced promoters with 10+ years in the laminates and plywood industry.
Strong distribution network with 4 dealers across Maharashtra region.
In-house designers offering 200+ unique laminate designs.
A workshop facility in Mumbai enhances production and customisation capabilities.
Confirmed order book of ₹5,618.04 lakhs for FY 2025.
ISO 9001:2015 certification ensures high-quality product standards.
Risks
6Limited operating history; potential growth volatility affecting investor confidence.
High product concentration: Laminates contribute 86% of revenue (FY 2024).
Geographically restricted to Maharashtra, regional risks impact sales stability.
Dependency on leased premises; lease termination could disrupt operations.
94.81% of purchases rely on the top 10 suppliers (FY 2024).
High working capital needs; trade receivables reached ₹2,982.97 lakhs (FY 2024).
