Lamosaic India Limited is gearing up for its Initial Public Offering (IPO) with exciting prospects for investors. Below is a comprehensive guide to the IPO, including key details, subscription breakdown, financial performance, and growth potential.
Lamosaic India IPO Details
The IPO will open for subscription on November 21, 2024, and close on November 26, 2024.
| Particulars | Details |
|---|---|
| Issue Price | ₹200 per share |
| Lot Size | 600 shares |
| Minimum Investment | ₹1,20,000 (1 lot) |
| Maximum Investment | ₹2,40,000 (2 lots) |
| Total Issue Size | ₹61.20 crores |
| Type | Fixed Price Issue |
| Listing Platform | NSE SME |
Lamosaic India IPO Dates
| Event | Date |
|---|---|
| Opening Date | November 21, 2024 |
| Closing Date | November 26, 2024 |
| Basis of Allotment | November 27, 2024 |
| Refund Initiation | November 28, 2024 |
| Listing Date | November 29, 2024 |
Lamosaic India IPO GMP Today
Grey Market Premium (GMP) refers to the premium at which IPO shares are traded in the unofficial market before listing.
| Date | GMP (₹) | Kostak Rate (₹) | Subject to Sauda (₹) |
|---|---|---|---|
| November 26, 2024 | ₹0 | ₹0 | ₹0 |
Significance of GMP
A higher GMP indicates strong investor interest and positive sentiment about the IPO. Investors can use this as an indicator, but it is not a guarantee of post-listing performance.
Lamosaic India Business Overview
Lamosaic India, initially established as “Swastik Marketing” in January 2020, transitioned to a public limited company in June 2023. The company specializes in decorative veneers, laminates, plywood, and acrylic sheets, catering to the growing needs of the real estate, infrastructure, and interior design sectors.
Product Portfolio
- Flush Doors: Customizable designs for residential and commercial spaces.
- Decorative Laminates: Premium quality laminates for interiors.
- Acrylic Sheets: Used across signage and industrial applications.
- Plywood: Essential for construction and furniture.
Manufacturing Facility
Lamosaic operates a 650 sq. ft. unit in Chembur, Mumbai, capable of producing tailored products to meet specific client needs.
Geographical Presence
The company’s primary market is Maharashtra, with plans for regional and national expansion through franchises and direct marketing.
Lamosaic India Financial Performance
Lamosaic India has demonstrated robust financial growth in recent years. Below is a summary of its financial highlights:
| Metrics | FY 2022 | FY 2023 | FY 2024 (Sept) |
|---|---|---|---|
| Revenue (₹ Lakhs) | 1,001.31 | 3,167.27 | 7,286.98 |
| Profit After Tax (₹ Lakhs) | 50.89 | 407.14 | 1,076.24 |
| Net Worth (₹ Lakhs) | 295.99 | 1,143.33 | 2,601.95 |
| Debt-to-Equity Ratio | 0.70 | 0.79 | 0.57 |
| Return on Net Worth (%) | 17.19 | 35.61 | 41.36 |
Key Financial Ratios
- Earnings Per Share (EPS): Grew from ₹0.70 in FY 2022 to ₹14.79 in FY 2024.
- Return on Capital Employed (ROCE): Stands at 42.25% as of September 2024.
The company’s strong growth trajectory is supported by a focused business strategy and efficient resource management.
IPO Subscription Details
The IPO is open to different investor categories, with a clear allocation strategy:
| Investor Category | Allocation (%) | Lot Size | Investment Required |
|---|---|---|---|
| Retail Investors | Up to 50% | 1 lot (600 shares) | ₹1,20,000 |
| Non-Institutional Investors (NII) | Up to 50% | 2 lots (1,200 shares) | ₹2,40,000 |
| Qualified Institutional Buyers (QIB) | None | – | – |
Use of IPO Proceeds
The funds raised through this Lamosaic India IPO will be utilized for the following purposes:
- Repaying Borrowings: Reducing debt burden for improved financial stability.
- Working Capital: Supporting day-to-day operations and liquidity.
- Inorganic Growth Opportunities: Exploring acquisitions to strengthen market presence.
- General Corporate Purposes: Ensuring flexibility in future business strategies.
Strengths of Lamosaic India
- Diverse Product Range: Serving multiple industries such as real estate and interiors.
- Strong Financials: Consistent revenue and profit growth.
- Experienced Management: Leadership with domain expertise and strategic vision.
- In-House Manufacturing: Capability to deliver customized solutions.
Risks and Challenges
- Limited Operational History: The company is relatively new and faces stiff competition.
- Geographical Concentration: Operations are largely limited to Maharashtra, exposing it to regional market risks.
- Product Dependency: A significant portion of revenue comes from laminates, increasing risk if demand fluctuates.
Should You Invest in Lamosaic India IPO?
Pros
- High Growth Potential: Strong demand for decorative materials in real estate and interiors.
- Impressive Financials: Consistent revenue and profitability growth.
- Experienced Management: Leadership with clear strategic objectives.
Cons
- Regional Dependence: Heavy reliance on Maharashtra.
- Limited Investor Base: Absence of QIB participation might indicate caution.
FAQs
Q1. What is the issue price of Lamosaic India IPO?
The issue price is ₹200 per share.
Q2. What is the minimum investment required?
The minimum investment is ₹1,20,000 for one lot of 600 shares.
Q3. When will the Lamosaic India IPO open and close?
The IPO will open on November 21, 2024, and close on November 26, 2024.
Q4. What is the GMP of Lamosaic India IPO today?
As of November 20, 2024, the GMP is ₹35 per share.
Q5. What are the key risks involved?
Risks include regional concentration and reliance on a limited product range.
Q6. What are the listing details?
Shares will be listed on the NSE SME platform on November 29, 2024.
Conclusion
Lamosaic India IPO is an opportunity for investors looking to tap into the growing construction and interior decor sector. However, one must weigh the risks and consider diversification before investing.
