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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 |
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
- If you’re a new investor, Open a DEMAT Account for free with Angel One and begin your investment journey.
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?
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When will Lava International Ltd. list on exchanges?
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What would be the listing gains on Lava International Ltd. IPO?
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?
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Who is the owner of Lava International Ltd.?
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