Lamosaic India: Check Key Dates, IPO Size, All You Need to Know

Lamosaic India’s Initial Public Offering (IPO) is open for subscription starting Thursday, November 21 and will close on Tuesday, November 26. The IPO price has been set at ₹200 per share, with a face value of ₹10 each. Investors can bid for a minimum of 600 shares and, thereafter, in multiples of 600 shares.

Lamosaic India IPO Subscription Status

As of 4:00 PM on November 22, 2024, the Lamosaic India IPO was subscribed 0.47 times.

The IPO was subscribed to 0.39 times by retail investors. The non-institutional investor (NII) category saw higher interest, with a subscription of 0.54 times. However, according to data from Chittorgarh.com, there were no bids in the qualified institutional buyer (QIB) category.

Company Overview

Founded in January 2020, Lamosaic India has quickly established itself in the decorative laminates and plywood industry. The company offers various premium products including flush doors, decorative laminates, acrylic sheets, printing paper, and plywood for both residential and commercial customers. In September 2023, Lamosaic launched a new manufacturing plant in Chembur, Mumbai. This move has allowed the company to improve control over quality, costs, and customer satisfaction by providing customized products to meet varying market needs.

Financial Performance

For the financial year ending March 31, 2024, Lamosaic India achieved a 75.25% year-on-year revenue growth, while its profit after tax (PAT) increased by an impressive 102.13%.

IPO Structure

The IPO involves issuing 3,060,000 equity shares, totalling ₹61.20 crore, with no offer-for-sale component. The proceeds from the issue will be used to repay specific borrowings, address working capital needs, support growth through acquisitions, and cover general corporate expenses.

Peer Comparison

Lamosaic India’s price-to-earnings (P/E) ratio stands at 13.52, which is significantly lower than some of its listed competitors. For comparison, ArchidPly Industries Ltd has a P/E of 33.80, Sylvan Plyboard (India) Ltd stands at 20.79, and Duroply Industries Ltd has an exceptionally high P/E of 223.20.

IPO Management

Inventure Merchant Banker Services Pvt Ltd is the lead manager for the Lamosaic India IPO, while Kfin Technologies Ltd serves as the registrar. Svcm Securities is designated as the market maker for the issue.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.