Lamosaic India IPO Opens For Subscription On Nov 21; Check Listing Details, Subscription, And GMP

Lamosaic India Limited is all set to launch its much-anticipated Initial Public Offering (IPO) on the stock exchange. This would be a great opportunity to invest in this promising small-cap stock. The IPO is scheduled to open for subscription on November 21, 2024, and close on November 26, 2024, aiming to raise funds directly from the market, with all shares being freshly issued rather than an offer for sale by existing stakeholders. The Lamosaic India IPO is a fixed-price issue worth Rs. 61.20 crores, comprising a fresh issue of 30.6 lakh shares.

The current pricing is set at Rs. 200 per share. The company will be listed on the national stock exchange on November 29th, tentatively.

Lot Size and Minimum Investment

According to data from Chittorgarh.com, Lamosaic India IPO has set a minimum lot size of 600 shares. The minimum investment required for retail investors is Rs. 120,000, while HNIs are required to bid for a minimum of 2 lots (1,200 shares), amounting to Rs. 240,000. Investors can apply for shares in multiples of 600 beyond the minimum requirement.

Financial Performance of Lamosaic India

Lamosaic India's recent financial performance has shown huge growth, which has generated quite an interest in its upcoming IPO. According to the data revealed on Chittorgarh.com, the company's revenue increased by 75.25% between the financial year ending March 31, 2023, and March 31, 2024, with strong sales growth. Additionally, the profit after tax (PAT) surged by 102.13%. Additionally, the company has a market capitalization of Rs. 206.76 crores post-issue, making it a promising small-cap stock in the market.

Lamosaic India IPO GMP today

Lamosaic India's IPO with a GMP of Rs 58 indicates robust investor demand and an attractive listing. Moneycontrol estimates that this suggests a possible listing price of Rs 258 and that the initial participants would have a listing gain of 29%.

About Lamosaic India:

Founded in January 2020, Lamosaic India initially started as a trading firm dealing in a variety of products, including flush doors, decorative laminates, acrylic sheets, printing paper, and plywood. The company has since diversified its business and expanded into the manufacturing sector. The promoters holding of the company are in the hands of prominent promoters, including Mr. Vinod Juthala Visaria, Mr. Jay Manilal Chheda, and Mr. Jitesh Khushalchand Mamaniya.