The Lamosaic India Limited IPO opens a promising investment opportunity with a fixed price of ₹200 per share, aiming to raise ₹61.2 crores. The company plans to issue 3,060,000 shares, with retail investors required to invest a minimum of ₹1,20,000 for 600 shares. The Lamosaic India Limited IPO GMP today is ₹0, suggesting a flat listing expectation. Open for subscription from November 21–26, 2024, the allotment date is set for November 27, 2024, and shares will be listed on the NSE SME platform on November 29, 2024.
Key Details of Lamosaic India Limited IPO
| Details | Specifications |
|---|---|
| IPO Price | ₹200 per share |
| Total Issue Size | ₹61.2 crores |
| Shares Offered | 3,060,000 shares |
| Minimum Investment | ₹1,20,000 (600 shares) |
| Subscription Dates | November 21–26, 2024 |
| Allotment Date | November 27, 2024 |
| Listing Date | November 29, 2024 |
| Lamosaic India Limited IPO GMP Today | ₹0 (Flat Expectation) |
Business Overview
What Lamosaic India Limited Offers
Lamosaic India Limited is a leading manufacturer of products catering to real estate and construction sectors, including:
- Flush Doors
- Decorative Laminates
- Acrylic Sheets
- Printing Paper
- Plywood
The company primarily serves Maharashtra, focusing on providing high-quality materials to meet market demand.
Financial Performance
Annual Financial Growth
| Fiscal Year | Revenue (₹ Crores) | Profit After Tax (₹ Crores) |
|---|---|---|
| FY23 | ₹31.67 | ₹4.07 |
| FY24 | ₹55.64 | ₹8.22 |
Q2 FY25 Financial Snapshot
| Metrics | Figures (₹ Crores) |
|---|---|
| Revenue | ₹72.82 |
| Net Profit | ₹10.76 |
The consistent growth in revenue and profits showcases the company’s robust performance and the reliability of the Lamosaic India Limited share price.
Lamosaic India Limited IPO GMP and Subscription Status
- Lamosaic India Limited IPO GMP Today: As of November 21, 2024, the GMP stands at ₹0, indicating flat listing expectations.
- Lamosaic India Limited IPO Subscription Status: On the first day, the IPO achieved 22% subscription, reflecting moderate market interest.
Use of Proceeds
Where Will the Funds Be Allocated?
The proceeds from the Lamosaic India Limited IPO will be allocated to:
- Debt Repayment: Clearing existing borrowings for a stronger financial position.
- Working Capital: Meeting operational needs for seamless business functioning.
- Inorganic Growth Opportunities: Exploring strategic acquisitions to expand the business.
Who Owns Lamosaic India Limited?
The leadership behind Lamosaic India Limited includes:
- Mr. Vinod Juthala Visaria
- Mr. Jay Manilal Chheda
- Mr. Jitesh Khushalchand Mamaniya
Why Consider Lamosaic India Limited IPO?
Benefits of Investing
- Impressive Growth: From ₹31.67 crores in FY23 to ₹72.82 crores by Q2 FY25.
- Market Relevance: Strong presence in Maharashtra’s real estate and construction sectors.
- Strategic Use of Funds: Aiming for debt-free operations and business expansion.
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