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LAMOSAIC INDIA LIMITED

IPO

Issue Price

₹200

per equity share

Issue Size

30.6 lakhs

equity share

Face Value

₹ 10

per equity share

Market Lot

600

equity share

Please note

Listing at NSE

LAMOSAIC INDIA LIMITED

Important Dates

IPO Open Date

21 Nov 2024

IPO Close Date

26 Nov 2024

Allotment Date

27 Nov 2024

Initiation of Refunds

28 Nov 2024

Credit of Shares to Demat Account

28 Nov 2024

IPO Listing Date

29 Nov 2024

UPI Mandate Expiry Date

26 Nov 2024

IPO Details

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.

Parent Organisation

-

Founded

2020

Managing Director

Vinod Juthala Visaria

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.

How to apply for IPO

  • Login to your Bigul account and select the issue in the current IPO section
  • Enter the number of lots and price at which you wish to apply for
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
  • You will receive a mandate notification to block funds in your UPI app
  • Approve the mandate request on your UPI and funds will be blocked
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