Lamosaic India IPO: Price, Valuation, GMP

Lamosaic India IPO-Complete Overview

Lamosaic India IPO under the SME IPO category is a fixed price issue of Rs.61.20 crore by Lamosaic India Limited. The company was founded in January 2020. The company produces a whole gamut of products namely flush doors, decorative laminates, acrylic sheets, printing paper (base), and plywood. It started its manufacturing venture with a small workshop measuring approximately 650 sq. ft. in Chembur, Mumbai in September 2023.

The products offered in the market under the brand "Lamosaic" are listed as follows:

• Flush Doors

• Decorative Laminates

• Acrylic Sheets

• Printing Paper (Base)

• Plywood

The company provides customized designs to its customers, which are laminates and acrylic sheets. In addition, the company manufactures and sells laminated as well as decorative flush doors on order from customers. The company carries out trading and manufacturing activities in the state of Maharashtra. The company markets its products directly in the market and distributes them through a franchise located in Mumbai, Maharashtra.

This Lamosaic India IPO will start on 21 November 2024, and its ‘initial public offering’ will end on 26 November 2024.

Lamosaic India IPO Overview

The Rs.61.20 crore new SME IPO comprises a wholly fresh issue of 30.6 lac Shares. 

This upcoming IPO date is from November 21 to November 26, 2024. Lamosaic India IPO price is Rs.200 for each Share. 

The expected IPO listing date is Friday, 29 November 2024, and listing at NSE and SME.

If you want to apply for the IPO, Click Here to open a Demat Account.

Company Financial

The company’s revenue grew by 75.25% and PAT increased by 102.13% during FYs ending 31 March 2024 and 31 March 2023.

(Amount in Lac)

 

Revenue Bifurcation

The revenue bifurcation for various activities is shown below:

(Amount in lac)

 

Category-wise Revenue Breakdown  

(Amount in lac)

 

Sector-wise Revenue Breakdown  

(Amount in lac)

 

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Repayment of certain loans.

• To satisfy escalating demands for operational finance.

• Seeking inorganic development.

• General corporate purposes.

 

Peers of Lamosaic India Ltd.

 

Note:-

The basic EPS of the peers is for the financial year ended on 31 March 2024.

Evaluation

The Lamosaic IPO price is Rs.200 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 Mar 2024 with an EPS of Rs.11.31 from the last year, the resulting P/E ratio is 17.68x.

Considering the weighted EPS of Rs.7.64 for the last three years, the P/E ratio is 26.17x.

Comparative Analysis With Listed Peers

The average P/E Ratio of the industry is 121.99x.

IPO's Strengths 

• A robust network of wholesalers, distributors, dealers, and stockists.

• Knowledgeable management group.

• Network for distribution and marketing.

• Using in-house designers, redesign products that are appropriate for the Indian market.

IPO’s Weaknesses

• Due to its recent incorporation, the company has a short operational history, which could make it challenging for investors to assess its past performance or prospects going forward.

• A part of its net proceeds will be used to pursue inorganic growth prospects through joint ventures and/or strategic acquisitions.

• The company's operations are limited to Maharashtra, and any downturn or change in the economic, regulatory, social, or political landscape in any of the Indian states where we operate or hope to operate could have an impact on its market share, as well as its financial situation and operational outcomes.

Lamosaic India IPO GMP

Lamosaic India IPO GMP today has not started yet.

IPO Timetable (Tentative)

The IPO opening date is from November 21 to November 26, 2024, with allotment on November 27, refund initiation on November 28, and listing on November 29, 2024.

 

Lamosaic India IPO Details 

The IPO with a Face Value of Rs.10 per share offers a total issue size of 3,060,000 Shares (Rs.61.20 Cr).

Lamosaic India IPO Lot Details 

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (600 Shares) amounting to Rs.1,20,000 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (1200 Shares) amounting to Rs.2,40,000.

 

Lamosaic India IPO Reservation (% of Net Issue)

Promoters And Management of Lamosaic India Ltd.

• Mr. Vinod Juthala Visaria

• Mr. Jay Manilal Chheda

• Mr. Jitesh Khushalchand Mamaniya.
  
  

 

IPO Lead Managers

• Inventure Merchant Banker Services Pvt Ltd.
  
  

Dividend Policy

The company has not paid dividends since incorporation.

Conclusion

This new opportunity in the SME IPO sector is geared towards raising Rs.61.20 crore for furthering the growth and expansion of the company. Lamosaic India has always held out bright prospects with its strong network and professionally managed venture since the venture was incorporated not long ago in the year 2020. Of course, a more severe limitation is the very limited operational history of this company, and the regional focus in Maharashtra raises investors' risks. However, this IPO might attract the interest of investors dealing in the growth sector of decorative laminates and door manufacturing.

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

DISCLAIMER: The content is purely for educational and information purposes only. We do NOT encourage/advise/suggest our active readers to be involved in any kind of buying or selling securities activities. Always consult your eligible financial advisor for investment-related decisions. The author does NOT through this blog intend to involve readers in trading. The company’s data is taken from the Company’s RHP (Red Herring Prospectus) dated 9 November 2024.

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