Lamosaic India IPO Detail: Open Date, Close Date, GMP, Price Band

Lamosaic India IPO subscription opens on Thursday, November 21, 2024, and closes on Tuesday, November 26, 2024. It is a fixed price issue of worth up to Rs 61.20 crores of equity shares. This upcoming IPO is an entirely fresh issue of 30.60 lakh equity shares.

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Lamosaic India IPO Price Band

Lamosaic India IPO price Rs 200 per share. The minimum investment required for retail investors is Rs 1,20,000 (200 x 600 shares). However, for the HNI category, the minimum investment amount required is Rs 2,40,000 (200x 1,200 shares).

Lamosaic India IPO GMP

Currently, Lamosaic India IPO GMP (grey market premium) is at Rs 0. It is expected that the listing price can same as the allotment price that is Rs 200. However, if the subscription is oversubscribed, then Lamosaic India IPO GMP may go up.

Lamosaic India Allotment Status

Lamosaic India IPO Allotment status will be available on its registrar Kfin Technologies Limited website on Wednesday, November 27, 2024. Once the subscription ends after the closing of IPO bidding. The allotment status of investors who applied for IPO will be available on the registrar's website.

Lamosaic India Listing Date

The Lamosaic India IPO listing date is decided on Friday, November 29, 2024. The Listing will be on the NSE SME platform. Retail investors can sell the shares after 10 AM on the listing day.

Lamosaic India IPO: Listing Date, Lot Size, Issue Size, Price Band

Lamosaic India IPO: About the Company

Lamosaic India Limited, established in January 2020, specializes in trading products like flush doors, decorative laminates, acrylic sheets, printing paper, and plywood. In September 2023, the company took a step into manufacturing, setting up a workshop in Chembur, Mumbai, covering around 650 sq. ft.

Under the brand name "Lamosaic," the company offers a range of products, including customized laminates, acrylic sheets, and decorative flush doors tailored to customer needs. Operating primarily within Maharashtra, Lamosaic also distributes its products through a franchise in Mumbai.

ome of the strengths of Lamosaic are a good network of dealers, distributors, and wholesalers coupled with an experienced management team in addition to a design approach made specifically for the Indian market. On September 30, 2024, the company had nine direct employees and 23 unskilled laborers that assist the company in maintaining quality and innovation.

Lamosaic India IPO Objectives

The company plans to allocate the Net Proceeds from the issue towards the repayment of certain borrowings, meeting incremental working capital needs, funding inorganic growth initiatives, and covering general corporate purposes.

Lamosaic India IPO: Key Dates, Allotment, Listing Date

Lamosaic India IPO Subscription Details, IPO Reservation

Lamosaic India IPO subscription details will be available after the IPO opens on November 21, 2024. 50% of the net offer is reserved for the retail category, and the remaining 50% is reserved for other categories.

Lamosaic India IPO Lot Size Details

Lamosaic India IPO lot size is set at 1000 shares per lot. The minimum investment required for retail investors is Rs 1,47,000 (147 x 1000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,94,000 (147 x 2000 shares).

Lamosaic India IPO Promoter Holdings

Lamosaic India IPO promoters are Mr Vinod Juthala Visaria, Mr Jay Manilal Chheda and Mr Jitesh Khushalchand Mamaniya. The promoter's combined shareholdings before the IPO was 100%; however, post-IPO their shareholdings will decline to 70.40%.

Lamosaic India Limited Company Financials (Amt in Lakhs)

Lead manager and Registrar of Lamosaic India IPO

The IPO is managed by Inventure Merchant Banker Services Private Limited, which is the book-running lead manager for this public issue. The company has appointed Kfin Technologies Limited as the registrar for this public issue.

How to apply to Lamosaic India IPO

Interested investors who want to apply to the Lamosaic India IPO can directly apply from the Bigul trading app, or you can apply here. You can also check the details of other upcoming IPO on the Bigul platform.

Lamosaic India IPO FAQs

1. What are the core details available of the Lamosaic India IPO?

Lamosaic India IPO is a book-built issue worth up to Rs 61.20 crores. This upcoming IPO is an entirely fresh issue of 30.60 lakh equity shares.

2. What is the Lamosaic India IPO open date and close date?

Lamosaic India IPO subscription opens on Thursday, November 21, 2024, and closes on Tuesday, November 26, 2024.

3. What is Lamosaic India IPO GMP?

Currently, Lamosaic India IPO GMP (grey market premium) is at Rs 0. It is expected that the listing price can same as the allotment price that is Rs 200. However, if the subscription is oversubscribed, then Lamosaic India IPO GMP may go up.

4. How do you check the IPO Allotment status?

Lamosaic India IPO Allotment details are available on its registrar Kfin Technologies Limited website. Once the subscription ends after the closing of IPO bidding. The allotment status of investors who applied for IPO will be available on the registrar's website.

5. Who are the registrar and lead managers for Lamosaic India IPO?

The IPO is managed by Inventure Merchant Banker Services Private Limited, which is the book-running lead manager for this public issue. The company has appointed Kfin Technologies Limited as the registrar for this public issue.

Also Read:

• What is IPO?
• What is IPO GMP?
• Difference between IPO and FPO For Beginners
• Difference between SME IPO and Mainline IPO?