The SME IPO of Lamosaic India will open for subscription today and will close on November 26. The company aims to raise Rs 61.2 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.
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1) Lamosaic India IPO size
The IPO is entirely a fresh equity sale of 30.6 lakh shares and through the issue, the company plans to raise about Rs 61.2 crore.
2) Lamosaic India IPO price band
The company is offering its shares at Rs 200 apiece, and investors can bid for 600 shares in 1 lot.
3) Lamosaic India GMP
In the unlisted market, the company’s shares were trading with a GMP of Rs 0, indicating a premium of 0% over the issue price.
4) About Lamosaic India
The company sells its products to primarily real estate and infrastructure industry for commercial and residential usage, construction industry, interior decor, furniture, plywood industry etc. Over the period, after establishing itself in trading of flush doors, decorative laminates, acrylic sheets, printing paper (base), plywood, etc., the company diversified activities to manufacturing activities since September 2023 by setting up an workshopin Chembur, Mumbai which is spreading over an area of nearly 650 sq ft.
5) Industry Overview
At present, the increasing demand for plywood due to the growing number of distribution networks and exclusive outlets of premium furniture manufacturers represents one of the primary factors influencing the market positively in India. Besides this, the rising integration of technologically advanced production methods to manufacture plywood with improved features, such as flexible plywood, is propelling the growth of the market
6) Lamosaic India financial performance
For the period ended September 2024, the company clocked total revenues of Rs 72.86 crore and net profit of Rs 10.76 crore.
7) Objects of the offer
The net proceeds from the public offer will be used for repayment of debt, incremental working capital, pursuing inorganic growth and general corporate purposes.
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8) Lead managers and Registrar
Inventure Merchant Banker is acting as the lead manager to the issue and Kfin Technologies is the registrar.
9) Issue structure
About 50% of the offer is reserved for retail investors and the other 50% for non-institutional investors.
10) Important dates
The IPO opened on November 21 and will close on November 26. The final allotment will likely be made on November 27. The company’s shares will likely get listed on November 29.
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