LAMOSAIC INDIA LIMITED

21 Nov 2024 - 26 Nov 2024 Individual Category IPO NSE

Min Investment

₹120000

Price Band

₹200

Issue Size

30.6 lakhs
Equity Shares

Lot Size

600

IPO Dates
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21 Nov 2024

Open Date

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26 Nov 2024

Close Date

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27 Nov 2024

Allotment Date

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29 Nov 2024

Listing Date

Lamosaic India IPO issue size is of 30.60 lakh equity shares. This IPO is offering entirely a fresh issue. The IPO is fixed price band issue and the issue price decided at Rs 200 per share. Lamosaic India IPO 1 lot consists of 600 shares. The minimum investment for the retail category is to be around Rs 120,000. The allotment status will be released on Wednesday, November 27, 2024. The listing will be on the NSE SME platform on Friday, November 29, 2024. Lamosaic India IPO registrar is Inventure Merchant Banker Services Private Limited. On the date of allotment, Investors can visit on Inventure Merchant Banker Services Private Limited website and, select the name of the company and enter PAN number or application ID to know their allotment status.

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About Lamosaic India Limited

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. One of the strengths of Lamosaic is 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 labourers that assisted the company in maintaining quality and innovation.

Founded

2020

Managing Director

Vinod Juthala Visaria

Parent Organization

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

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