Lamosaic India IPO is a fixed price issue of Rs 61.20 crores. The issue is entirely a fresh issue of 30.6 lakh shares.
Lamosaic India IPO is open for subscription on November 21, 2024 and close today November 26, 2024. The allotment for the Lamosaic India IPO is expected to be finalized on Wednesday, November 27, 2024. Lamosaic India IPO will list on NSE SME with tentative listing date fixed as Friday, November 29, 2024.
Lamosaic India IPO price is ₹200 per share. The minimum lot size for an application is 600 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (1,200 shares) amounting to ₹240,000.
Inventure Merchant Banker Services Pvt Ltd is the book running lead manager of the Lamosaic India IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Lamosaic India IPO is Svcm Securities.
About Lamosaic India Limited
Founded in January 2020, Lamosaic India Limited trades various products, including flush doors, decorative laminates, acrylic sheets, printing paper (base), and plywood. In September 2023, the company expanded its operations into manufacturing by setting up a workshop in Chembur, Mumbai, covering an area of approximately 650 sq. ft.
The range of products sold under the brand name "Lamosaic" is summarized as under:
- Flush Doors
- Decorative Laminates
- Acrylic Sheets
- Printing Paper (Base)
- Plywood
The company offers customized solutions for its customers, including the design of laminates and acrylic sheets. Additionally, the company manufactures and supplies laminated and decorative flush doors based on customer orders. The company's business operations, including trading and manufacturing, are currently conducted within Maharashtra. In addition to selling products directly in the market, the company also distribute through a franchise located in Mumbai, Maharashtra.
Competitive Strength
- Strong Network of Dealer, Distributors, Stockiest and Wholesalers.
- Experienced Management team
- Redesign products that are suitable for the Indian market with the assistance of in-house designers.
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