Lamosaic India Limited IPO

Founded in January 2020, Lamosaic India Limited trades various products, including flush doors, decorative laminates, acrylic sheets, printing paper (base), and plywood. In September 2023, the company expanded its operations into manufacturing by setting up a workshop in Chembur, Mumbai, covering an area of approximately 650 sq. ft.

The range of products sold under the brand name “Lamosaic” is summarized as under:

  • Flush Doors
  • Decorative Laminates
  • Acrylic Sheets
  • Printing Paper (Base)
  • Plywood

The company offers customized solutions for its customers, including the design of laminates and acrylic sheets. Additionally, the company manufactures and supplies laminated and decorative flush doors based on customer orders. The company’s business operations, including trading and manufacturing, are currently conducted within Maharashtra. In addition to selling products directly in the market, the company also distribute through a franchise located in Mumbai, Maharashtra.

Competitive Strength

  • Strong Network of Dealer, Distributors, Stockiest and Wholesalers.
  • Experienced Management team
  • Redesign products that are suitable for the Indian market with the assistance of in-house designers.

As of September 30 2024, the company has nine employees and 23 unskilled labourers.

 

Lamosaic India Limited Financial Information (Restated)

Lamosaic India Limited’s revenue increased by 75.25% and profit after tax (PAT) rose by 102.13% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets8,151.845,126.792,905.61581.13
Revenue7,286.985,565.723,175.851,003.45
Profit After Tax1,076.24822.94407.1450.89
Net Worth2,601.951,525.711,143.33295.99
Reserves and Surplus1,874.15797.91  
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Lamosaic India IPO is Rs 206.76 Cr.

KPI as of September 30, 2024.

KPIValues
ROE41.36%
ROCE39.95%
Debt/Equity0.57
RoNW41.36%
P/BV5.59
PAT Margin (%)14.77
 Pre IPOPost IPO
EPS (Rs) 11.3120.82
P/E (x) 17.699.61
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2024 that is available in RHP.

Objects of the Issue (Lamosaic India IPO Objectives)

The Net Proceeds from the Issue are proposed to be utilized by the Company for the following objects:

  • Repayment of certain Borrowings;
  • To meet incremental working capital requirements;
  • Pursuing Inorganic Growth; and
  • General Corporate Purposes

Lamosaic India IPO Details

IPO DateNovember 21, 2024 to November 26, 2024
Listing Date[.]
Face Value₹10 per share
Price₹200 per share
Lot Size600 Shares
Total Issue Size3,060,000 shares
(aggregating up to ₹61.20 Cr)
Fresh Issue3,060,000 shares
(aggregating up to ₹61.20 Cr)
Issue TypeFixed Price Issue IPO
Listing AtNSE SME
Share holding pre issue7,278,008
Share holding post issue10,338,008
Market Maker portion153,000 shares

Lamosaic India IPO Promoter Holding

The Promoters of the Company are Mr. Vinod Juthala Visaria, Mr. Jay Manilal Chheda and Mr. Jitesh Khushalchand Mamaniya.

Share Holding Pre Issue100.00%
Share Holding Post Issue70.40%

SHARIAH SCREENING for - Lamosaic India Limited IPO

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BUSINESS SCREEN

FINANCIAL RATIOS

As per our analysis and Based on the information we have, this is the output.
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