Lamosaic India Limited is coming up with an IPO with a fresh issue of 30,60,000 shares worth INR 61.20 crores. The company aims to repay borrowings, increase working capital, pursue acquisitions, and support general operations.
Lamosaic India IPO – Important Dates
| Lamosaic India Limited IPO Date | November 21, 2024 to November 26, 2024 |
| Lamosaic India Limited IPO Listing Date | November 29, 2024 |
| Lamosaic India Limited IPO Price | INR 200 per share |
| Lamosaic India Limited IPO Lot Size | 600 Shares |
| Lamosaic India Limited IPO Total Issue Size | INR 61.20 crores |
| Lamosaic India Limited IPO Basis of Allotment | November 27, 2024 |
| Lamosaic India Limited IPO Initiation of Refunds | November 28, 2024 |
| Lamosaic India Limited IPO Credit of Shares to Demat | November 28, 2024 |
| Lamosaic India Limited IPO Issue Type | Fixed Price Issue IPO |
| Lamosaic India Limited IPO Listing At | NSE SME |
Read more about Lamosaic India Limited IPO GMP
Lamosaic India Limited IPO – Company Profile
Lamosaic India Limited, formerly “Swastik Marketing,” transitioned from a partnership firm to a public limited company in June 2023, expanding its trading business in construction materials to serve the real estate, infrastructure, and interior decor sectors.
The company offers customized laminate and acrylic sheet designs, manufactures decorative flush doors, and operates within Maharashtra. Products are sold directly and through a franchise in Mumbai, catering to diverse customer needs in the construction sector.
Lamosaic offers a diverse product range, including flush doors, decorative laminates, acrylic sheets, printing paper (base), and plywood. These products are marketed under the “Lamosaic” brand, catering to the construction, interior decor, and furniture industries.
Lamosaic India Ltd IPO Fundamental Analysis
Lamosaic India Limited’s financial analysis reveals a mixed performance. Revenue has grown significantly, indicating expansion, while profitability, EPS, and RoNW have improved. However, decreased liquidity poses potential challenges in meeting short-term obligations.
1. Revenue Trend: The revenue increased from ₹1,001.31 lakhs in March 2022 to ₹3,167.27 lakhs in March 2023. The revenue for the current year’s 6-month period ending September 2024 is INR 7,282.07 lakhs.
2. Equity and Liabilities: Both equities and liabilities have shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has decreased, indicating reduced reliance on debt financing.
3. Profitability: The profit after tax (PAT) has significantly increased from ₹50.89 lakhs in March 2022 to ₹1,076.24 lakhs by September 2024. This rise in profitability could be a source of confidence among investors.
4. Earnings per Share (EPS): The diluted EPS has risen from ₹0.70 in March 2022 to ₹14.79 by September 2024, reflecting higher earnings per share for investors.
5. Return on Net Worth (RoNW): The RoNW has risen from 17.19% to 41.36%, indicating an increase in the company’s ability to generate returns on shareholder equity.
6. Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has decreased, indicating weakening liquidity and potential challenges in meeting short-term obligations.
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| Avanse Financial Services Limited IPO | N/A |
| Nisus Finance Services Co Limited IPO | N/A |
| Rajesh Power Services Limited IPO | Nov 25, 2024 |
| Rajputana Biodiesel Limited IPO | Nov 26, 2024 |
| Apex Ecotech Limited IPO | Nov 27, 2024 |
| Abha Power and Steel Limited IPO | Nov 27, 2024 |
| Agarwal Toughened Glass India Limited IPO | Nov 28, 2024 |
| Ganesh Infraworld Limited IPO | Nov 29, 2024 |
Lamosaic India IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 30 September 2024 |
| Revenue (₹ in lakhs) | 1,001.31 | 3,167.27 | 7,282.07 |
| Equity (₹ in lakhs) | 295.99 | 1,143.33 | 2,601.95 |
| Expenses (₹ in lakhs) | 935.22 | 2,615.19 | 5,849.52 |
| Profit and Loss After Tax (₹ in lakhs) | 50.89 | 407.14 | 1,076.24 |
| Diluted EPS only (₹) | 0.70 | 5.59 | 14.79 |
| Return on Net Worth (%) | 17.19 | 35.61 | 41.36 |
| NAV per Equity Share (₹) | 4.07 | 15.71 | 35.75 |
| Total Assets (in lakhs) | 581.13 | 2,905.61 | 8,151.84 |
| Total Liabilities (in lakhs) | 285.14 | 1,762.28 | 5,549.89 |
| Debt Equity Ratio | 0.70 | 0.79 | 0.57 |
| Current Ratio (in times) | 2.25 | 1.98 | 1.51 |
Lamosaic India Limited IPO Peer Comparison
Lamosaic India Limited and competitors ArchidPly, Sylvan Plyboard, and Duroply Industries show varying revenue and profitability. Lamosaic’s growth is notable, while ArchidPly and Sylvan maintain moderate profitability. Duroply has the highest revenue and asset value despite lower earnings metrics.
| Company | Revenue from Operations (₹ in lakhs) | Face Value per Equity Share (₹) | P/E Ratio | EPS (₹) | RoNW (%) | Net Asset Value Per Equity Share (₹) |
| Lamosaic India Limited | 7,282.07 | 10 | 13.52 | 14.79 | 41.36 | 35.75 |
| ArchidPly Industries Limited | 43,567.16 | 10 | 33.80 | 3.57 | 6.36 | 56.14 |
| Sylvan Plyboard (India) Limited | 22,325.65 | 10 | 20.79 | 4.27 | 6.34 | 49.64 |
| Duroply Industries Limited | 32,342.30 | 10 | 223.20 | 1.25 | 0.80 | 128.20 |
Lamosaic India Ltd IPO Objective
The main objective of Lamosaic India Limited is to repay borrowings, enhance working capital, and pursue acquisitions for growth.
- Repayment of certain Borrowings: The company intends to utilize INR 4.31 crores from the net proceeds to reduce outstanding borrowings, decrease debt servicing costs, and free up internal funds for business growth, expansion, and future investment opportunities.
- To meet incremental working capital requirements: The company plans to utilize INR 35 crores from the IPO proceeds to meet its estimated working capital requirements for FY25, with additional working capital funded through internal accruals, borrowings, and own funds.
- Pursuing Inorganic Growth: The company aims to utilize INR 6 crores for strategic acquisitions, joint ventures, and investments in businesses related to its value chain, including setting up a display center in Maharashtra to attract new customers and markets.
- General Corporate Purpose: The company will deploy the balance of INR 14.14 crores for general corporate purposes, including funding growth opportunities, strategic initiatives, joint ventures, partnerships, marketing, expansion, debt repayment, working capital, and infrastructure improvement.
Lamosaic India IPO Risks And Challenges
Lamosaic India Limited’s risks include limited operating history, concentrated business in Western India, reliance on lamination for revenue, and potential impacts from changes in customer preferences, market conditions, competition, and regional disruptions affecting profitability and growth.
- The company, originally formed as “Swastik Marketing” and later converted to “Lamosaic India Limited,” has a limited operating history, with uncertain growth prospects and no assurance of achieving future revenue and profitability targets.
- The company’s business is concentrated in Western India, particularly Maharashtra. Any changes in customer preferences, market conditions, competition, or regional disruptions could adversely affect sales, revenue, profitability, and future growth prospects.
- The company relies heavily on lamination, which accounts for a significant portion of revenue. Any decline in demand, loss of major customers, or increased competition in the lamination industry could adversely impact business, profitability, and cash flow.
Lamosaic India Ltd IPO – Industry & Market Potential
The global plywood market, valued at USD 14.2 billion in 2022, is growing at a 5.4% CAGR. The hardwood segment is projected to grow at 5.8% CAGR. The U.S. market is USD 40.1 billion, while China’s market may reach USD 50 billion by 2030.
The India plywood market was valued at INR 208.5 billion in FY 2022-23 and is projected to reach INR 306.5 billion by FY 2028-29, growing at a CAGR of 6.74%, with 40% market share held by the unorganized sector.
The global MDF market, valued at US$ 24.0 billion in 2022, is expected to reach US$ 35.42 billion by 2028, growing at a CAGR of 6.60%. This growth is driven by rising demand for affordable, customizable furniture and increasing construction activities.
Lamosaic India Limited IPO – Type of Offer
Lamosaic India Limited is coming up with an IPO with a fresh issue of 30,60,000 shares worth INR 61.20 crores. The company aims to repay borrowings, increase working capital, pursue acquisitions, and support general operations.
Lamosaic India IPO Offer Size
The offer size of Lamosaic India Limited is INR 61.20 crores, consisting of a fresh issue of 30,60,000 shares. The company aims to repay borrowings, increase working capital, pursue acquisitions, and support general operations.
Lamosaic India Limited IPO Allotment Structure
Lamosaic India Limited’s IPO allotment structure includes a category for Retail Individual Investors (RII) with investments below ₹2 lakhs, a category for other investors exceeding ₹2 lakhs, and a reservation of 153,000 shares for Market Makers.
- Retail Individual Investors (RII): These individual investors apply for shares with a total value of less than Rs.2 lakhs.
- Other than retail individual investors: Such applications where the value exceeds INR 2 lakhs.
- Market Makers Reservation: A certain percentage or number of shares is reserved for market makers. The company has set aside 153,000 shares for this purpose.
How to apply for Lamosaic India IPO?
To apply for the Lamosaic India Limited IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Lamosaic India Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Lamosaic India Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Lamosaic India IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Lamosaic India Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Lamosaic India Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Lamosaic India Limited IPO:
● Registrar’s Website: Visit the website of Kfin Technologies Limited, the registrar of the Lamosaic India Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Lamosaic India Ltd IPO Offer Registrar
The registrar for the Lamosaic India Limited IPO is Kfin Technologies Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
Kfin Technologies Limited
Selenium, Tower B, Plot No 31 and 32,
Financial District, Nanakramguda,
Serilingampally, Hyderabad,
Telangana, 500032
Tel No.: +91 40 6716 2222,
E-mail: [email protected]
Website: www.kfintech.com
Lamosaic India SME IPO – FAQs
1. What is the allotment date of the Lamosaic India IPO?
The allotment date of the Lamosaic India is November 27, 2024.
2. What is the price band of the Lamosaic India IPO?
The price band of the issue is INR 200 per share.
3. What is the size of the Lamosaic India IPO?
Lamosaic India Limited is coming up with an IPO with a fresh issue of 30,60,000 shares worth INR 61.20 crores. The company aims to repay borrowings, increase working capital, pursue acquisitions, and support general operations.
4. What is the listing date of the Lamosaic India IPO?
The listing date of the Lamosaic India is November 29, 2024.
5. Where is the Lamosaic India IPO Getting Listed?
Lamosaic India is getting listed on the National Stock Exchange (NSE) and the Small Medium Exchange (SME).
6. What are the open and close dates of the Lamosaic India Limited IPO?
The open and close dates of Lamosaic India Limited are November 21, 2024, and November 26, 2024.
7. How to apply for Lamosaic India Ltd IPO in Alice Blue?
To apply for the Lamosaic India Limited IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Lamosaic India Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Lamosaic India Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
8. Who is the Book Runner for the Lamosaic India IPO?
The Book Runner for Lamosaic India is INVENTURE MERCHANT BANKER SERVICES PRIVATE LIMITED.
