Lava International Ltd IPO

Lava International Limited has filed for IPO with Rs 500 crores in fresh equity shares and 437 lakh equity shares from existing shareholders. Lava International is the third-largest feature phone manufacturer in India.

Opening Date

To be announced

Closing Date

To be announced

Price Band

To be announced

Issue Size

To be announced

Face Value

To be announced

Market Lot

To be announced

Opening Date

To be announced

Closing Date

To be announced

Price Band

To be announced

Issue Size

To be announced

Face Value

To be announced

Market Lot

To be announced

Listing at NSE, BSE

Lava International Limited IPO Important Dates

IPO Open Date To be announced
IPO Close Date To be announced
Allotment Date To be announced
Initiation Of Refunds To be announced
Credit Of Shares To
Demat Account
To be announced
IPO Listing Date To be announced
UPI Mandate Expiry Date To be announced

View all upcoming IPOs

About Lava International Ltd.

The company is an Indian end-to-end focused mobile handset and solution company. They are the third-largest Indian feature phone manufacturer and the fifth-largest globally by market share.

They cater to PAN Indian market and have a significant presence in several countries, including emerging markets in Thailand, Sri Lanka, the Middle East, Bangladesh, Mexico, Indonesia, and Nepal.

Lava International Ltd. IPO Objectives

- The company will use the net proceeds raised for marketing and brand building purposes.
- Rs 150 crore will go towards funding acquisition and strategic initiatives.

Why should you invest in Lava International Ltd. IPO?

  • The company manufactures and sells a wide range of mobile handsets, tablets and other electronic accessories under its Lava and XOLO brands.
  • According to F&S, the company captured a 13.4% market share by sales volume in 2021.
  • They are India's third-largest feature phone company with a 10.2% market share in the less than USD 70 segment.
  • Lava Internation has signed a licence agreement with Lenovo to allow it to distribute mobile handsets manufactured under the Motorola brand in India.

Financial Highlights

Particulars For the year/period ended (₹ in million)
  FY21 FY20 FY19
Revenue From Operation 55,128.74 52,643.29 51,083.52
EBITDA 2512.15 1992.56 1831.99
EBITDA Margin (%) 4.56 3.79 3.59
Profit After Tax 1,726.08 1,077.61 731.82
EPS 3.15 1.97 1.34

How to apply for Lava International IPO?

Retail investors need to apply for the IPO using UPI.

UPI

  • Link your bank account to a UPI ID.
  • Register your UPI id with your Demat account.
  • Subscribe for Lava International IPO and approve the payment on your UPI ID.

Demat Account

Lava Internation Ltd. Noteworthy Highlights:

  • The company has derived respectively 29.33% and 70.67% of its revenue from domestic and international businesses.
  • Lava International offers mobile handset solutions to OEMs.
  • According to an F&S report, India's mobile phone subscription market will grow at a CAGR of 3%, from 1,181 million in 2021 to 1,369.1 million in 2026.

The Brand’s Pros & Cons:

Pros Cons
F&S report predicts a shift from feature-based phones to entry-level smartphone subscribers in India. The brand continues to face challenges from large and established competitors.
The company's technical and R&D capacities will help it capitalise on the trend change. Failing to anticipate changing market and customer preferences will hurt the company's future cash flow.
The company has a strong brand recall in the under $70 market segment. Technical breakthroughs that the brand fails to match or adapt may render its products obsolete.
The brand has established itself in several emerging and foreign markets and recently launched its products and services in the USA. Its profitability could be harmed by its inability to maintain and expand its sales.

Competitive Analysis: Market Peers

The mobile handset industry is highly competitive, and the company continues to face challenges from larger and established competitors in the domestic and international markets.

Lava International Ltd IPO FAQs

What is Lava International Ltd. IPO?

Lava international Ltd. IPO constitutes a fresh issue aggregating up to Rs. 500 crore and an offer for sale of up to 437 lakh equity shares.

When will Lava International Ltd.'s IPO allotment be available?

Details are not available.

What will be the Lava International Ltd.'s IPO lot size?

Details are not available.

When will Lava International Ltd. IPO open for subscription?

Details are not available.

What minimum lot size can retail investors subscribe to?

Retail investors need to apply for a minimum of one lot.

When will Lava International Ltd. list on exchanges?

It usually takes ten working days from the last day of subscription to list the IPO on the bourses.

How to check the allotment status of Lava International Ltd. IPO?

Existing Angel One customers can log in to their customer account to check Navi Technologies IPO allotment status. Keep your application number, DP id, and PAN number available when checking allotment status.

What would be the listing gains on Lava International Ltd. IPO?

Listing gain is the difference between the IPO’s opening and offer prices.
The listing gain is a result of shifts in investors’ interest, global parameters, and short vs long-term outlooks.

I have finished the application process for Lava International Ltd. IPO, but the funds are not yet debited. What is the reason?

The bank only blocks the amount when you bid for an IPO. It will debit the amount when shares are allotted to you or unblock it after the UPI mandate expiry date.

Can I alter my bid for Lava International Ltd.’s IPO after confirming its final application?

It is possible to change the price or the lot size using the changing/revising form available with the application. But it could be a challenge to complete the process within the time given.

Can I submit more than one application for the public issue of Lava International Ltd. using one PAN?

No. Only one application at a time is allowed against one PAN card.

Who is the owner of Lava International Ltd.?

Hari Om Rai is the Chairman and Managing Director of Lava International Ltd.

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