amina.finowings
Lamosaic India Limited ipo upcoming SME IPO, set at Rs. 61.20 crore, is a fixed-price issue of Rs. 200 per share. Established in January 2020, the company manufactures products such as flush doors, decorative laminates, acrylic sheets, printing paper (base), and plywood, catering mainly to Maharashtra’s market. Their brand “Lamosaic” specializes in customized designs and orders for laminates and acrylic sheets.
IPO Details
The IPO opens on November 21, 2024, and closes on November 26, 2024, with a listing date of November 29, 2024, on the NSE SME platform. The offering comprises a fresh issue of 30.6 lakh shares, with a lot size of 600 shares, priced at Rs. 200 per share, meaning retail investors can enter with a minimum investment of Rs. 1,20,000.
Company Financials
Lamosaic has shown impressive growth, with revenues rising by 75.25% and PAT by 102.13% over the last fiscal year. Key financial figures as of September 30, 2024, include total assets of Rs. 8,151.84 lakh, revenues of Rs. 7,286.98 lakh, and PAT at Rs. 1,076.24 lakh. Direct sales constitute the largest revenue source, followed by authorized distributor sales.
Strengths and Weaknesses
The company benefits from a strong distribution network, in-house designers, and a professional management team. However, limited operational history and a regional focus pose potential risks for investors.
Conclusion
The Lamosaic India SME IPO presents an opportunity for those interested in the decorative laminates and door manufacturing sector. Despite limited experience, its growth potential may appeal to risk-tolerant investors.
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