IPO Details
Bidding Dates
21 Nov 24 - 26 Nov 24
Price Range ₹
200 - 0
Total Equity
₹ 61.20Cr
Lot Size
600
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
21 Nov 2024
Offer end
26 Nov 2024
Allotment
27 Nov 2024
Refund initiation
28 Nov 2024
Demat transfer
28 Nov 2024
Listing
29 Nov 2024
Offer start
21 Nov 2024
Offer end
26 Nov 2024
Allotment
27 Nov 2024
Refund initiation
28 Nov 2024
Demat transfer
28 Nov 2024
Listing
29 Nov 2024
About Company
Lamosaic India Limited, a company incorporated in January 2020, has established itself as a prominent player in the building materials industry. The company primarily engages in the trading and manufacturing of a diverse range of products, including flush doors, decorative laminates, acrylic sheets, printing paper, and plywood. With a focus on customization and quality, Lamosaic offers tailored solutions to meet the specific needs of its customers. The company's manufacturing facility, located in Chembur, Mumbai, enables it to produce high-quality products and maintain strict quality control standards. Leveraging its strong distribution network and experienced management team, Lamosaic has been able to successfully navigate the market and establish a strong customer base.
Year Founded
13-06-2023
Promotor Details
Vinod Juthalal Visaria
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 100 | 70.4 |
| Share Capital | 7278008 | 7278008 |
Offer to Public
30,60,000.00 Cr
Project Details
- Pursuing Inorganic Growth - 60cr
- To meet incremental working capital requirements - 350cr
- Repayment of certain Borrowings - 44.577cr
- General Corporate Expenses - 140cr
Objectives
- 1) Repayment of certain Borrowings
- 2) To meet incremental working capital requirements
- 3) Pursuing Inorganic Growth
- and4) General Corporate Purpose
Highlights
- The company benefits from a seasoned management team with a strong track record in the industry.
- A well-established distribution network ensures efficient reach to customers across the market.
- The in-house design team's ability to adapt global trends to Indian preferences drives product innovation and market relevance.
- Personalized marketing and customized solutions demonstrate a strong customer focus.
- The company's efficient manufacturing facility and supply chain management contribute to its operational effectiveness.
Challenges
- The company's heavy reliance on laminates could expose it to fluctuations in market demand and pricing.
- Operating primarily in Maharashtra limits the company's geographic diversification and makes it vulnerable to regional economic factors.
- A history of delayed payments and potential cash flow issues raises concerns about the company's financial health.
- Dependence on leased premises and potential disruptions in the supply chain could impact operations.
- Past instances of non-compliance with statutory and regulatory requirements could expose the company to penalties and legal actions.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2024 | 5,126.78 | 727.80 | 822.94 | 822.94 | 11.3072 |
