Lamosaic India is preparing to launch its IPO on November 21, 2024, which will remain open for subscription until November 26, 2024.
The IPO aims to raise ₹61.20 crore through the issuance of 30.60 lakh fresh shares.
The price band has been set at ₹200 per share, and the shares will be listed on the NSE SME platform on November 29, 2024.
The share allotment process is scheduled for November 27, 2024.
The company plans to raise ₹61.20 crore through the issuance of 30.60 lakh fresh shares, priced at ₹200 per share.
Lot Size and Investor Allocation
The IPO lot size is fixed at 600 shares, requiring a minimum investment of ₹1,20,000 for retail investors.
Half of the IPO shares are reserved for retail investors, while the other 50% is allocated to other investor categories.
with 50% of the shares reserved for retail investors and the other half for institutional or non-retail categories.
About Lamosaic India
Based in Mumbai, Lamosaic India specializes in manufacturing flush doors, decorative laminates, printing paper, and plywood.
The company operates in the B2B segment and markets its products under the brand name Lamosaic. Manufacturing operations began in 2023.
The IPO proceeds, totaling ₹59.50 crore, will be utilized for:
1) Repaying debt.
2) Supporting inorganic growth.
3) General corporate purposes.
The IPO is managed by Inventure Merchant Banker Services Pvt Ltd, while KFin Technologies Limited will serve as the registrar.
