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Lamosaic India IPO

Open Sme
NSE 21 November - 26 November 2024
Lamosaic India Limited IPO is a fixed price issue of 61.2 Cr. The issue is entirely a fresh issue of 3060000 shares aggregating to 61.2 Cr. Lamosaic India Limited IPO opened for subscription on Nov 21, 2024 and closed on Nov 26, 2024. The allotment for the this IPO was finalized on Nov 27, 2024. IPO was listed on NSE and BSE on Nov 29, 2024. Lamosaic India Limited IPO has set the issue price at ₹200 per share.

Current GMP

₹0 (0.00%)

Price Band

₹ 200 – 200

Lot Size

600

Issue Size

₹61.2 Cr

Minimum Investment

₹240000 (1200 Shares)

Listing Date

29 November 2024

Subscription

1.82x

About the Company

Lamosaic India Limited, initially established as a partnership firm named "Swastik Marketing" in January 2020, is a company engaged in the trading and manufacturing of a variety of building materials. The firm's product offerings include flush doors, decorative laminates, acrylic sheets, printing paper (base), and plywood, sold primarily to the real estate, infrastructure, construction, interior decor, and furniture industries.

In FY 2024, the partnership firm transitioned into a public limited company under the name "Lamosaic India Limited," with the company officially incorporated on June 13, 2023. This change marked the dissolution of the partnership and the beginning of its corporate operations.

The company began by trading these products but expanded into manufacturing in September 2023, setting up a workshop in Chembur, Mumbai. The workshop spans 650 sq. ft. and allows the company to provide customized solutions for its customers, including designing laminates and acrylic sheets, as well as manufacturing laminated and decorative flush doors to order.

Lamosaic India Limited operates primarily within Maharashtra and sells products both directly and through a franchisee located in Mumbai. The products sold under the "Lamosaic" brand include:

  • Flush Doors
  • Decorative Laminates
  • Acrylic Sheets
  • Printing Paper (Base)
  • Plywood

The company aims to further expand its business and solidify its presence in the market with a combination of trading and manufacturing operations.

Promoters

  1. Mr. Vinod Juthala Visaria
  2. Mr. Jay Manilal Chheda
  3. Mr. Jitesh Khushalchand Mamaniya
Promoters Holding

Holding Pre Issue

100.00%

Holding Post Issue

70.40%

Objects of the Issue

The Net Proceeds from the Issue are proposed to be utilized by the Company for the following objects:

  • Repayment of certain Borrowings.
  • To meet incremental working capital requirements.
  • Pursuing Inorganic Growth.
  • General Corporate Purposes.

Address / Contact Info

Lamosaic India Limited
Shop No 32 3B 2B Prop 295
Pisoli Road Kondhwa
Pune Maharashtra-411048

 Phone: +91 876 876 7777
Email: cs@lamosaic.in
Website: https://www.lamosaic.in

IPO Snapshot

Face Value₹10 per share
Price Band₹ 200 – 200
Lot Size600
Issue TypeFixed price IPO
Sale Type
Fresh Issue₹ 61.20 Cr
Offer for Sale₹ 0.00 Cr
Total Issue Size₹ 61.20 Cr
Listing AtNSE
Industry
Sector
Retail Quota47.5%

Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.

Frequently Asked Questions

Everything you need to know before applying to an IPO.

Lamosaic India IPO is a Fixed price IPO worth ₹61.2 crores. The price band is ₹200 to 200 per share. The IPO opens on Thu, Nov 21, 2024 and closes on Tue, Nov 26, 2024. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.

The Lamosaic India IPO opens on Thu, Nov 21, 2024 and closes on Tue, Nov 26, 2024

Lamosaic India IPO Price Band is ₹200 to 200.

Lamosaic India IPO lot size is 600, and the minimum amount required for application is ₹240000.

The minimum investment for Lamosaic India IPO is approximately ₹240000 based on the upper price band.

To apply for the Lamosaic India IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Tue, Nov 26, 2024. After submission, funds are blocked until the basis of allotment of Lamosaic India IPO is finalised.

Lamosaic India IPO issue size is ₹61.2 crores.

Lamosaic India IPO allotment date is Sat, Jun 27, 2026.

The registrar for Lamosaic India IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Lamosaic India IPO through their official website or helpline.