Lamosaic India Ltd. was incorporated on June 13, 2023. The company began by trading in flush doors, laminates, acrylic sheets, and plywood, and expanded into manufacturing in September 2023 with a 650 sq. ft. workshop in Chembur, Mumbai. It also offers customized solutions, designing laminates and acrylic sheets, and manufactures decorative flush doors based on customer orders
| Bidding Dates |
|---|
| 21 Nov 2024 - 26 Nov 2024 |
| Subscription |
|---|
| 1.73x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,20,000 | 1 | 1 | 600 | 3.1 M | ₹200 | 70.4 % | ₹612.0 M | RHP DOC |
Lamosaic India Ltd. IPO SUBSCRIPTION STATUS
26 Nov '24Lamosaic India Ltd. IPO overall subscription rate was 1.73 times the total available shares
Lamosaic India Ltd. IPO retail subscription rate was 2.53 times in the retail segment
Lamosaic India Ltd. IPO non-institutional investor subscription rate was 0.93 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
26 Nov 2024 (Day 4) | 2.53x | 0.93x | - |
25 Nov 2024 (Day 3) | 1.5x | 0.8x | - |
22 Nov 2024 (Day 2) | 0.54x | 0.68x | - |
21 Nov 2024 (Day 1) | 0.09x | 0.34x | - |
Lamosaic India Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY25 | 107.6 | 728.2 | 32.8 | 32.7 | 22.6% |
| FY24 | 82.3 | 556.5 | 78.6 | 77.1 | 25.5% |
| FY23 | 40.7 | 316.7 | -34.3 | -97.2 | 22.0% |
| FY22 | 5.1 | 100.1 | 2.8 | 1.2 | 9.6% |
Lamosaic India Ltd. IPO SUBSCRIPTION STATUS DETAILS
Lamosaic India Ltd. had 3.1 M shares on offer
Lamosaic India Ltd. IPO offer price was ₹200
Lamosaic India Ltd. IPO minimum Investment was ₹120000
Lamosaic India Ltd. IPO issue size was ₹ 612.0 M
Lamosaic India Ltd. had a minimum lot size of 600 Shares per application
Lamosaic India Ltd. NUMBER OF SHARES ON OFFER
Lamosaic India Ltd. IPO IMPORTANT DATES
| Issue Open Date | 21 Nov 2024 |
| Issue close Date | 26 Nov 2024 |
| Allotment Date | 27 Nov 2024 |
| Refund Date | 28 Nov 2024 |
| Demat Account Credit Date | 28 Nov 2024 |
| Listing Date | 29 Nov 2024 |
| Listing on Exchange(s) | NSE |
| Lamosaic India Ltd. Allotment Status | Exchange |
Lamosaic India Ltd. IPO subscription opened on 21 Nov 2024, and closed on 26 Nov 2024
IPO allotment for Lamosaic India Ltd. was finalized on Wednesday, 27 Nov 2024
IPO listing for Lamosaic India Ltd. was on NSE on Friday, 29 Nov 2024
Lamosaic India Ltd. IPO LISTING GAINS
| Issue Price (adjusted) | 200.0 |
| Listing Open Price | 164.0 |
| Listing Close Price | 172.2 |
| Listing Gain% | -18.0% |
| Current Gain% | -72.5% |
Lamosaic India Ltd. Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Lamosaic India Ltd. | 55 | 56.9 | 34.1 | -1 | 0.6 | 2.1 | 1.3 | 102.3 | -28.8 | 1.7 | -32.8 | 1.6 | -32.8 |
| Century Plyboards (India) Ltd. | 782 | 17372.8 | 59.7 | 1.4 | 3 | 10.1 | 5.1 | 5407.4 | 19.2 | 262.7 | 41.8 | 13.1 | 43.6 |
| Stylam Industries Ltd. | 3536.5 | 5993.7 | 35.3 | 0.9 | 5.1 | 18.6 | 15.3 | 1136.1 | 10 | 149.9 | 23 | 100.2 | 39.4 |
| Greenply Industries Ltd. | 286.4 | 3576.6 | 36.3 | 2.7 | 1.2 | 10 | 4.6 | 2757.6 | 10.1 | 89.5 | -2.3 | 7.9 | 13.4 |
| Greenpanel Industries Ltd. | 192.2 | 2357.5 | 366.9 | -5.2 | 1.5 | -2.1 | -1.4 | 1553.9 | 6.6 | -29.1 | -140.4 | 0.5 | -70.5 |
| Rushil Decor Ltd. | 17.8 | 522.9 | 22.9 | 4.9 | 0.6 | 1 | 0.5 | 867.8 | -4.7 | 6.7 | -86 | 0.8 | 4.7 |
Lamosaic India Ltd. INFORMATION ON IPO ISSUE
About Lamosaic India Ltd.
Lamosaic India Ltd. was incorporated on June 13, 2023. The company began by trading in flush doors, laminates, acrylic sheets, and plywood, and expanded into manufacturing in September 2023 with a 650 sq. ft. workshop in Chembur, Mumbai. It also offers customized solutions, designing laminates and acrylic sheets, and manufactures decorative flush doors based on customer orders
Object of the Issue
- Repayment of certain borrowings
- To meet incremental working capital requirements
- Pursuing inorganic growth
- General corporate purpose
Lamosaic India Ltd. - PROMOTERS
| Name |
|---|
| Vinod Visaria Juthalal |
| Jay Manilal Chheda |
| Jitesh Khushalchand Mamaniya |
Lamosaic India Ltd. Lead Manager of the Issue
Nventure Merchant Banker Services Private Limited
sme.ipo@inventuremerchantbanker.com
Lamosaic India Ltd. Registrar to the issue
Kfin Technologies Limited
lamosaic.ipo@kfintech.com
Lamosaic India Ltd. Strengths
Distribution and marketing network
The laminates industry is largely unorganized and design-driven. The company relies on word of mouth for marketing, promoting its products through direct interactions with dealers, distributors, stockists, and wholesalers by sharing various designs
In-house designers
The laminate industry faces risks from shifting customer preferences and design obsolescence. The company stays ahead by adapting to trends and introducing innovative designs, and creating market-appropriate designs
Lamosaic India Ltd. Risks
Newly incorporated
The company is newly incorporated, with a limited operating history, which may make it challenging for investors to assess its past performance or future potential
Dependent on laminates
A significant portion of the company's revenue comes from laminates. Therefore, factors that negatively impact laminate demand or the company's reputation could adversely affect its business and financial performance
Leased office and workshop
The company does not own the premises for its registered office, corporate office, godown, and workshop, all of which are leased. Termination or non-renewal of these leases, or any action by the property owner, could negatively impact operations
IPO FAQs
The promoters of the company are Vinod Visaria Juthalal, Jay Manilal Chheda and Jitesh Khushalchand Mamaniya.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 200.0 - 200.0.
The IPO application opens on Nov 21, 2024 and closes on Nov 26, 2024.
The minimum lot size for the IPO is 600. The maximum lot size for the IPO is 600.
For all category investors, the minimum application amount for this IPO is Rs. 120,000.0, the maximum value for this IPO is Rs 120,000.0.
This IPO will be allotted on Nov 27, 2024.
The refund will be credited to your account on Nov 28, 2024.
The allotted shares will be credited to your demat on Nov 28, 2024.
Lamosaic India Ltd.’s shares listed on the stock exchanges on Nov 29, 2024.