Lamosaic India Ltd is a leading name in the world of decorative laminates, plywood, and wooden furniture accessories. The company provides a comprehensive solution, from concept creation to designing and tailor-made furniture production. For architects, interior designers, and homeowners alike, Lamosaic India has gained a strong reputation for offering high-quality products that meet diverse customer needs.

Lamosaic India is launching its Initial Public Offering (IPO), with a total issue size of ₹61.2 Crores. The fresh issue will comprise 30.6 lakh shares, and the IPO will be open for subscription from November 21, 2024, to November 26, 2024. The shares will be listed on the NSE SME platform, with a tentative listing date of November 29, 2024.

Lamosaic India IPO Pricing and Subscription Details

The share price for Lamosaic India IPO is fixed at ₹200 per equity share. At this price, the market capitalization of Lamosaic India Ltd will stand at ₹206.76 Crores. The IPO has a lot size of 600 shares, and retail investors will need to invest a minimum of ₹1,20,000 for one lot. For High-Net-Worth Individuals (HNIs), the minimum investment is 2 lots (1,200 shares), amounting to ₹2,40,000.

The subscription period for the IPO will open on November 21, 2024, and close on November 26, 2024. The allotment date is expected to be finalized on November 27, 2024, with shares to be listed on the NSE SME on or about November 29, 2024.

Investors can check the IPO allotment status by visiting the registrar’s website and entering their application number, PAN, or DP Client ID. This allows them to track their status and proceed accordingly after the allotment process is complete.

Lamosaic India IPO Objectives

The funds raised from the fresh issue will be allocated to several strategic objectives, including:

1. ₹445.77 Lakhs for repayment of borrowings.
2. ₹3500.00 Lakhs to meet incremental working capital requirements.
3. ₹600.00 Lakhs for pursuing inorganic growth through acquisitions.
4. ₹1400.00 Lakhs for general corporate purposes.

Financial Metrics and Valuation

Lamosaic India has shown impressive financial growth in recent years. For the fiscal year 2024, the company recorded revenues of ₹5,565.72 Lakhs, marking a substantial increase from ₹3,175.85 Lakhs in FY 2023. Similarly, its Profit After Tax (PAT) for FY 2024 was ₹822.94 Lakhs, up from ₹407.14 Lakhs in the previous year. The EBITDA for FY 2024 stood at ₹1,417.20 Lakhs.

For the Lamosaic India IPO, the company has a pre-issue EPS of ₹11.31 and a post-issue EPS of ₹7.96. The P/E ratio for the pre-issue is 17.68x, and the post-issue P/E ratio is 25.12x, which is considerably lower than the industry average of 121.99x. The company’s Return on Capital Employed (ROCE) and Return on Equity (RoE) for FY 2024 are 42.25% and 53.94%, respectively, signaling strong operational performance.

Despite these strong financials, the Grey Market Premium (GMP) for Lamosaic India is reported to be 0%, which means no potential listing gain is expected. This suggests that the IPO might not see significant upward movement in the short term, making it a more cautious investment.

Lamosaic India IPO Review

The Lamosaic India IPO presents a fully priced investment opportunity, especially considering its valuation compared to industry peers. While the company has demonstrated strong growth in revenues and profits, the 0% GMP indicates that there may be limited gains post-listing. The company’s financials show a healthy profit margin, but with the IPO being fully priced, investors might not see immediate returns. The P/E ratios, while relatively modest compared to the industry, still reflect strong internal performance.

Based on these factors, we recommend a cautious approach for investors looking for listing gains or long-term investment opportunities. While Lamosaic India has the potential to continue growing in the interior design and furniture market, the lack of a premium in the Grey Market suggests that the stock might not offer significant returns post-IPO.

Investing in the Lamosaic India IPO

Investors interested in subscribing to the Lamosaic India IPO can apply through the ASBA (Application Supported by Blocked Amount) process via their banks or online trading platforms. As with any IPO, make sure you have a Demat account in place to receive the allotted shares after the allotment process.

The Upcoming IPOs in this week and coming weeks are Lomosaic India, C2C Advanced System, Enviro Infra, Rajesh Power Services, Rajputana Biodiesel, Rosmerta Digital, Avanse Financial and Nisus Finance.

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