November 29, 2024
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Lamosaic India IPO GMP grey market premium, review, Subscription, allotment, listing estimate @
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GMP Rs. 0
On 29th November 2024, the scrip is listed at Rs. 164, discount over the issue price of Rs. 200.
Subscription status of Lamosaic India IPO
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Lamosaic India Limited IPO Price Rs. 200 Lot 600 shares, Rs. 61.20 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 0.88 | 2.66 | 1.77 | 6,704 (2.77x) | |
| Amount wise bids recd. Rs. ? Crore | ||||
| Note: | ||||
What is the business of Lamosaic India?
Lamosaic India Limited was established in January 2020 and specializes in trading a wide range of products, including flush doors, decorative laminates, acrylic sheets, printing paper (base), and plywood. In September 2023, the company expanded into manufacturing with the launch of a new workshop in Chembur, Mumbai, spanning approximately 650 sq. ft.
The company’s product offerings, sold under the “Lamosaic” brand, include:
- Flush Doors
- Decorative Laminates
- Acrylic Sheets
- Printing Paper (Base)
- Plywood
Lamosaic India provides tailored solutions for its customers, such as custom-designed laminates and acrylic sheets. The company also manufactures and supplies laminated and decorative flush doors according to customer specifications. While its operations—including both trading and manufacturing—are currently based in Maharashtra, Lamosaic also distributes its products through a franchise in Mumbai, expanding its reach within the region.
Get more information about the company @
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Lamosaic India IPO Details |
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| IPO opens on | 21 November 2024 |
| IPO closes on | 26 November 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 3060,000 Shares / Rs 61.20 Crore |
| * Fresh Issue | 3060000 Shares / Rs 61.20 Crore |
| * Offer for Sale – | – shares / Rs. – crore |
| Market Maker Portion | ? Shares |
| Net offer to Public | Shares/ Rs. Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 200 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 600 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
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| Shares | Rs. (Crore) | |
| QIB (0%) | – | – |
| NII (50%) | 1453500 | 29.07 |
| RII (50%) | 1453500 | 29.07 |
| Total Shares | 2907000 | 58.14 |
| Retail portion will be oversubscribed by |
2423 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 600 Shares | Rs.120000 |
| Min HNI Application | 1200 Shares | Rs.240000 |
Who are the Promoters of Lamosaic India?
The Promoters of the Company are Mr. Vinod Juthala Visaria, Mr. Jay Manilal Chheda and Mr. Jitesh Khushalchand Mamaniya.
What are the Objects of Lamosaic India IPO?
The Offer comprises of fresh issue of shares
The Net Proceeds from the Issue are proposed to be utilized by the Company for the following objects:
- Repayment of certain Borrowings;
- To meet incremental working capital requirements;
- Pursuing Inorganic Growth; and
- General Corporate Purposes
Tentative timetable |
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| IPO opens on | 21 November 2024 |
| IPO Closes on | 26 November 2024 |
| IPO Allotment on | 27 November 2024 |
| Refund Initiation | 28 November 2024 |
| Credit of Shares | 28 November 2024 |
| Listing on | 29 November 2024 |
| Registered Office of the Company Lamosaic India Limited Shop No 32 3B 2B Prop 295 Pisoli Road Kondhwa Pune -411048 |
| Who is the Lead Manager of this IPO? Inventure Merchant Banker Services Pvt Ltd |
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Who is the Registrar to IPO? |
Lamosaic India IPO GMP grey market premium, review, Subscription, allotment, listing estimate
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Lamosaic India IPO Financial & Analytical Ratios |
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| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 10.03 | 0.51 | 0.70 | 17.19 |
| 2022-23 | 31.76 | 4.07 | 5.59 | 35.61 |
| 2023-24 | 55.66 | 8.23 | 11.31 | 53.94 |
| Book Value of the Share on 31.03.2024 |
Rs | 20.96 | ||
| BV of the Share at cap price after IPO |
Rs. | |||
| Offer Price/upper band | Rs. | 200 | ||
IPO
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| Price/EPS of 23-24 | 13.52 |
| Price/BV Ratio | 9.54 |
| Price/BV after IPO | |
How Lamosaic India IPO compares with the Peers?
There is no peer group listed company.
| As on date of DRHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Crore | |||
| Lamosaic India | 10 | 72.82 | 13.52 |
| Archid Ply | 10 | 435.67 | 33.80 |
| Sylvan Plyboard | 10 | 223.26 | 20.79 |
| Duroply Industries | 10 | 323.42 | 223.20 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Lamosaic India IPO Review
Lamosaic India Limited was established in January 2020 and specializes in trading a wide range of products, including flush doors, decorative laminates, acrylic sheets, printing paper (base), and plywood. In September 2023, the company expanded into manufacturing with the launch of a new workshop in Chembur, Mumbai, spanning approximately 650 sq. ft.
IPO Details: Size and Market Outlook
The IPO size is Rs. 61.20 crore, offering 3060,000 shares. The size is relatively large compared to recent IPOs and it is mainly a trading company.
Strong Financial Performance and Reasonable Valuation
The company has demonstrated a significant growth trajectory in both revenue and profit over the past three years. For the fiscal year 2023-24, the turnover surged to Rs. 55.66 crore, up from Rs. 10.03 crore in 2021-22. Similarly, net profit has risen dramatically to Rs. 8.23 crore, compared to just Rs. 51 lakh in 2021-22. This sharp increase in profitability is particularly noteworthy and warrants further analysis.
It is important to note that the company’s peer group primarily consists of manufacturing firms, and we believe the valuations these companies command may not be directly comparable to the valuation of this company, given its focus on trading business.
+ from fundamental angle: May Avoid
+ from grey market angle: Not attractive
Quicklinks
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Lamosaic India IPO GMP grey market premium
Lamosaic India IPO FAQs
What is Lamosaic India IPO?
This is a SME IPO of 3060000 equity shares of the face value of Rs. 10 aggregating up to Rs.61.20 Crores. The issue is priced at Rs.200 per share. The minimum order quantity is 600 Shares.
When will Lamosaic India IPO subscription open?
Lamosaic IPO opens on November 21, 2024, and closes on November 26, 2024.
What is the lot size of Lamosaic India IPO?
Lamosaic IPO lot size is 600 Shares, and the minimum amount required is Rs.120000
How to apply for Lamosaic India IPO?
You can apply in Lamosaic IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Lamosaic India IPO allotment?
The finalization of Basis of Allotment for Lamosaic IPO will be done on November 27, 2024, and the allotted shares will be credited to your demat account by November 28, 2024.
When is Lamosaic India IPO listing date?
Lamosaid India IPO listing date is November 28, 2024.
