The Lamosaic India IPO opened on November 21, 2024, with an issue size of ₹61.2 crore. Priced at ₹200 per share, it will remain open until November 26, 2024. The Lamosaic IPO subscription status is 0.32 times as of now, reflecting moderate interest. The Lamosaic IPO GMP today is ₹0, signaling that shares may list near their issue price. Retail investors must bid for a minimum of 600 shares, equating to an investment of ₹1,20,000. The IPO allotment is on November 27, with refunds processed by November 28, and listing scheduled for November 29, 2024.
What is Lamosaic India IPO?
Overview of Lamosaic India Limited
Lamosaic India Ltd. is a Maharashtra-based company specializing in:
- Flush doors
- Decorative laminates
- Acrylic sheets
- Printing paper
- Plywood
The company primarily caters to the real estate and construction sectors, making the Lamosaic IPO GMP today and its market potential a significant discussion among investors.
Lamosaic IPO Subscription Status and Key Data
Subscription Details
The Lamosaic IPO subscription status is as follows:
| Investor Category | Day 1 | Day 2 | Cumulative Total |
|---|---|---|---|
| Retail Investors | 0.22x | 0.32x | 23% of quota |
| Overall | 0.22x | 0.32x | 32% |
The IPO remains open for subscription until November 26, 2024.
Lamosaic IPO GMP Today: Market Insights
Grey Market Premium (GMP)
The Lamosaic IPO GMP today is ₹0, indicating that the shares are expected to list close to their issue price of ₹200 per share. This flat GMP reflects cautious investor sentiment with limited expectations of listing gains.
Lamosaic IPO Review: Should You Invest?
Strengths of Lamosaic India Limited IPO
- Exceptional Revenue Growth: Revenue surged by 75% YoY in FY24, reaching ₹55.64 crore.
- Profitability: PAT doubled from ₹4.07 crore in FY23 to ₹8.22 crore in FY24.
- Industry Potential: Serves the booming real estate and construction sectors.
Challenges
- Flat GMP: The Lamosaic India Limited GMP at ₹0 raises concerns about listing gains.
- Moderate Subscription: The Lamosaic IPO subscription status shows lower demand compared to other IPOs.
Key Details About Lamosaic IPO Price and Dates
| Detail | Value |
|---|---|
| Lamosaic IPO Price | ₹200 per share |
| Lot Size | 600 shares (₹1,20,000 minimum) |
| Subscription Period | November 21-26, 2024 |
| Allotment Date | November 27, 2024 |
| Refunds Processed By | November 28, 2024 |
| Listing Date | November 29, 2024 (NSE SME) |
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