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lamosaic India IPO GMP

Lamosaic India IPO GMP grey market premium, review, Subscription, allotment, listing estimate @
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What was the last grey market premium of Lamosaic India IPO?

 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

Lamosaic India Limited IPO
(Closed on 26 Nov. 2024)

Price Rs. 200 Lot 600 shares, Rs. 61.20 Crore

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

Lamosaic India IPO Details

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

  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

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

Who is the Registrar to IPO?
Kfin Technologies Limited

Lamosaic India IPO GMP grey market premium, review, Subscription, allotment, listing estimate

Lamosaic India IPO Financial & Analytical Ratios

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
Key Performance indicators

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

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Lamosaic India IPO GMP today allotment, review?

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.

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