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  3. Lamosaic India IPO
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Lamosaic India

Listed
Listed

IPO Timeline

Issue open date

21 Nov 2024

Issue close date

26 Nov 2024

UPI mandate deadline

26 Nov 2024

Allotment finalization

27 Nov 2024

Refund initiation

28 Nov 2024

Share credit

28 Nov 2024

Listing date

29 Nov 2024

Mandate end date

11 Dec 2024

Lock-in end date for anchor investors (50%)

27 Dec 2024

Lock-in end date for anchor investors (remaining)

25 Feb 2025

Key Dates

Open
21 Nov 2024
Close
26 Nov 2024
Listing
29 Nov 2024

Quick Stats

Issue Size:61cr
Lot Size:600 shares

About the Company

Lamosaic India Limited, initially founded as *Swastik Marketing* in January 2020, transitioned from a partnership trading firm into a Public Limited Company in June 2023. The business, initially focused on trading products like flush doors, decorative laminates, acrylic sheets, printing paper, and plywood, diversified into manufacturing in September 2023 with a new workshop in Mumbai. Operating mainly within Maharashtra, the company provides customized solutions and sells its products directly and through a franchise in Mumbai under the brand *Lamosaic*.

Strengths

  • Experienced promoters and management with over a decade in the laminates and plywood industry have built a solid distribution network.
  • Marketing is personalized, with designs shared directly with dealers and distributors across Maharashtra.
  • In-house designers adapt global trends to offer over 200 designs, ensuring relevance to Indian market preferences.

Risks

  • Heavy dependency on the laminates product line increases vulnerability to market demand fluctuations for this single product
  • The company operates mainly within Maharashtra, making it susceptible to regional economic and regulatory changes
  • Delays or defaults in statutory payments and tax obligations in the past reflect potential cash flow challenges​
  • Any termination of leases for key premises, including registered office and workshop, could disrupt business operations

Lamosaic India IPO – Frequently Asked Questions

  • The price band for the Lamosaic India IPO is set at ₹200 to ₹200 per share.
  • The Lamosaic India IPO opens on November 21, 2024 and closes on November 26, 2024.
  • The tentative listing date for the Lamosaic India IPO is November 29, 2024.
  • You can apply for the Lamosaic India IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Lamosaic India, enter lot quantity and UPI ID, then approve the mandate.
  • The lot size for the Lamosaic India IPO is 600 shares. Investors must apply for at least one lot (i.e., 600 shares).