Lamosaic India is launching an IPO valued at Rs 61.20 crores as a fixed-price issue, consisting entirely of a fresh issue of 30.6 lakh shares.
The IPO opens for subscription on November 21, 2024, and will close on November 26, 2024. The allotment of shares is expected to be finalized on Wednesday, November 27, 2024. Lamosaic India shares are set to list on the NSE SME with a tentative listing date of Friday, November 29, 2024.
Lamosaic India Limited operates in the building materials and interior decor sector. They offer a wide range of products used in construction, interior design, and furniture manufacturing, including flush doors, decorative laminates, acrylic sheets, printing paper (base), and plywood.
The fixed price for the IPO is ₹200 per share, with a minimum application lot size of 600 shares. Retail investors are required to invest a minimum of ₹120,000. For HNI investors, the minimum investment is 2 lots (1,200 shares), amounting to ₹240,000.
Inventure Merchant Banker Services Pvt Ltd is the book-running lead manager for the Lamosaic India IPO, while KFin Technologies Limited serves as the registrar. Svcm Securities is the market maker for the IPO.
Lamosaic India IPO Details:
| Company Name | Lamosaic India Limited |
| Sector | Building Materials and Interior Decor |
| IPO Type | SME |
| IPO Open date | 21st Nov 2024 |
| IPO Close date | 26th Nov 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Lamosaic India IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 600 | 1,20,000 |
| HNI (Min) | 2 | 1200 | 2,40,000 |
Lamosaic India IPO Timeline:
| IPO Open Date | 21st Nov 2024 |
| IPO Close Date | 26th Nov 2024 |
| Basis of Allotment | 27th Nov 2024 |
| Refund Initiation Date | 28th Nov 2024 |
| Shares Credit to Demat | 28th Nov 2024 |
| Listing Date | 29th Nov 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Lamosaic India’s Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Building Materials and Interior Decor Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Lamosaic India and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
