Lamosaic India IPO subscription started on Thursday November 21, and will close on November 26 as per the schedule. The price band is ₹200 per share with a face value of ₹10.
Lamosaic India IPO Subscription Status
Lamosaic India IPO Subscribed over 0.22x on its first day till 05.00 PM on 21st November.
- Lamosaic India IPO subscription QIB investors portion is 0.00x times, while NII subscribed 0.36x times and RII investors subscribed 0.09x times.
- The company has received bids for 6,52,800 shares against 29,07,000 shares on offer on the first day.
- Lamosaic India IPO Subscribed over 0.22x on day 1.
About Lamosaic India 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 IPO Company Financial Report
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.
Lamosaic India IPO GMP:
Lamosaic India IPO GMP was ₹0 as of Thursday, November 21. That indicates the IPO is trading at ₹200 with ₹0 premium in the grey market against the issue price of ₹200.
