Lamosaic India IPO GMP: Key Details, Timeline, and Investment Insights
The Lamosaic India IPO is generating significant interest in the market. With its fixed price of ₹200 per share and a total issue size of ₹61.20 crores, it opens new opportunities for investors, especially in the SME segment. Scheduled to launch on November 21, 2024, and close on November 26, 2024, the IPO is expected to list on November 29, 2024 on the NSE SME platform.
In this article, we’ll cover all the key details, Grey Market Premium (GMP), financials, competitive advantages, and whether investing in Lamosaic India makes sense.
Key Highlights of Lamosaic India IPO:
| Particulars | Details |
|---|---|
| IPO Date | November 21–26, 2024 |
| Price per Share | ₹200 |
| Lot Size | 600 Shares |
| Total Issue Size | ₹61.20 Cr |
| Shares Offered | 30.6 lakh shares |
| Type of Issue | Fixed Price IPO |
| Listing Exchange | NSE SME |
| Listing Date | November 29, 2024 |
IPO Timeline (Tentative Schedule):
| Event | Date |
|---|---|
| IPO Open Date | November 21, 2024 |
| IPO Close Date | November 26, 2024 |
| Basis of Allotment | November 27, 2024 |
| Initiation of Refunds | November 28, 2024 |
| Credit of Shares to Demat | November 28, 2024 |
| Listing Date | November 29, 2024 |
Investment Requirements:
| Investor Type | 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 |
About Lamosaic India Limited:
Lamosaic India Limited, founded in January 2020, operates in both trading and manufacturing segments. Initially focused on trading, the company expanded into manufacturing in September 2023 with the establishment of a workshop in Chembur, Mumbai. This strategic move enabled the company to strengthen its brand presence and diversify its offerings under the “Lamosaic” brand.
Lamosaic Product Portfolio:
The company’s offerings include:
- Flush Doors: Customized and laminated options.
- Decorative Laminates: Tailored designs for diverse applications.
- Acrylic Sheets: Wide variety of sizes and finishes.
- Printing Paper (Base): High-quality printing solutions.
- Plywood: Premium-grade plywood for construction and interiors.
With a strong presence in Maharashtra, the company operates through direct sales and a franchise in Mumbai.
Competitive Strengths:
- Extensive Distribution Network: Supported by dealers, distributors, and wholesalers.
- Customized Solutions: Offers tailored designs for laminates and acrylic sheets.
- Experienced Management: A leadership team with deep industry expertise.
- Localized Manufacturing: Operations optimized for cost and efficiency in Maharashtra.
Lamosaic India Financials:
Lamosaic India Limited has demonstrated remarkable growth, with both revenue and profit after tax (PAT) showing a consistent upward trend:
| Period Ended | Revenue (₹ Cr) | PAT (₹ Cr) | Net Worth (₹ Cr) |
|---|---|---|---|
| H1 FY 2024 | 7,286.98 | 1,076.24 | 2,601.95 |
| FY 2024 | 5,565.72 | 822.94 | 1,525.71 |
| FY 2023 | 3,175.85 | 407.14 | 1,143.33 |
The company’s assets and net worth have also grown significantly, signaling robust financial health.
What is the Lamosaic India IPO GMP?
The Grey Market Premium (GMP) is a critical factor that reflects investor sentiment. For Lamosaic India IPO, the GMP has been reported to range between ₹25–₹30 per share, indicating a positive outlook for the listing.
To learn more about how GMP influences IPO performance, read our detailed guide on IPO GMP and Grey Market Premium.
Should You Invest in Lamosaic India IPO?
Pros of Investing:
- Strong Growth Potential: The company’s revenue increased by over 75% between FY 2023 and FY 2024.
- Expanding Operations: Entry into manufacturing enhances product control and margins.
- SME Listing: Potential for higher returns in the NSE SME platform.
Risks to Consider:
- Geographic Concentration: Operations are currently limited to Maharashtra.
- Dependence on Unskilled Labor: A significant portion of the workforce is unskilled.
For more insights into IPO strategies, check out IPO Flipping: Maximize Your Returns.
FAQs
What is the price band for Lamosaic India IPO?
The IPO is a fixed-price issue at ₹200 per share.
What is the minimum investment required?
Retail investors must invest at least ₹1,20,000 for one lot of 600 shares.
When will the allotment be finalized?
The allotment will be finalized on November 27, 2024.
What is the GMP for Lamosaic India IPO?
The GMP is currently fluctuating between ₹25 and ₹30.
Where will the IPO be listed?
It will be listed on the NSE SME platform.
Conclusion:
The Lamosaic India IPO presents an excellent opportunity for retail and HNI investors looking to diversify their portfolio. With its strong financials, competitive strengths, and growing demand in the SME segment, the IPO offers promising returns.
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