Lamosaic India Services IPO subscribed overall 1.77 times on the last day, while A retail quota was subscribed 2.66 times with others subscribed by 0.88% times respectively.
Details About Lamosaic India IPO
Lamosaic India IPO got approval from SEBI for an IPO of ₹61.20 crores to raise funds and maintain financial stability. The face value of each share was Rs 10. Moreover, the company has set up a price band between ₹200 per share. In this IPO total of 600 shares were available in 1 lot size for the minimum Retail category and for the maximum retail category 600 shares in 1 lot size, while S-HNI (Min) total of 1200 shares in 2 lot size.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹1,20,000 and maximum investment of ₹1,20,000.
- Small HNI (S-HNI): Minimum investment of ₹2,40,000.
Subscription duration of Lamosaic India IPO
The Lamosaic India Services IPO date is November 21 and the close date is November 26. The Lamosaic India Services IPO allotment finalized on November 27 and the IPO listing is on November 29.
Funds Deployment of This Company
The company plans to use the money raised from the new shares for the following purposes:
- Paying off certain debts
- Meeting additional working capital needs
- Pursuing growth through acquisitions or other strategies
- Covering general business expenses
About Lamosaic India Services IPO
Lamosaic India Public Limited was founded in 2020 and started the business of trading, and Crafting decorative veneers such as acrylic sheets, printing papers, and other customized products as well. The manufacturing unit can produce up to 3,500 pieces, and it has currently made 750 flush doors, which have generated sales of INR 43.12 lakhs. It has around 60 suppliers for manufacturing and trading and due to expertise and knowledgeable team members, it has expanded long-term relationships with customers. Furthermore, it has had a substantial revenue increase within the last two years 55% of FY 2024. Additionally, the RONW(Return on Net Worth) ratio is 53.94% in FY2024, while ROCE( Return on Capital Employed) is 42.25% in the current year 2024. This company is going to launch an IPO in November to raise funds for 30,60,000 shares.
Lamosaic India Services IPO Financial Background
The company reported revenue of ₹55.65 crores in 2024 against ₹31.67 crore in 2023. The company reported Profit of ₹8.22 crores in 2024 against Profit of ₹4.07 crores in 2023.
