Lava International IPO

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IPO date To be announced
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What does Lava International do?

Lava International is a leading mobile handset and solutions provider based in India, ranking third in feature phone sales in India and fifth globally. With operations in several countries, it has a significant market presence in emerging markets. The company designs, manufactures, and distributes mobile handsets and accessories under the “LAVA” and “XOLO” brands, catering to both domestic and international markets. Additionally, it offers mobile handset solutions to OEMs. The company emphasizes research and development, showcasing innovative products and software, and has a strong service network. It has successfully expanded its distribution channels, both domestically and internationally, and has achieved consistent revenue growth, with a focus on customer satisfaction.

What is the issue size of Lava International IPO?

The entire public offer of Lava International is a fresh issue of equity shares aggregating up to Rs. 500 crores and an offer for sale of 4.37 crore equity shares.

Financials of Lava International IPO (₹ crores)

Financial Year Total Assets Total income Total Cash and cash equivalents Profit After Tax EBITDA
March 31, 2021 24375.49 183.22 238.75 1726.08 2512.15

Risk factors to consider:

The company has had an instance of non-compliance under the Companies Act, 2013 and there was an instance of delay in filing statutory forms with the RoC. Further, certain filings made for allotment/transfer from a non-resident shareholder filed with RBI are not traceable. The company faces foreign currency exchange risks due to a substantial portion of its revenues, expenses, and certain borrowings being denominated in foreign currencies. Additionally, risks associated with overseas operations could negatively impact the company’s business, financial condition, and results of operations.

The company may encounter product recalls, product liability claims, and legal actions if its products fail to meet customer expectations, potentially resulting in adverse effects on business, revenues, and reputation. The company has faced negative cash flows in operating, investing, and financing activities over the past three financial years, and any future negative cash flows could have adverse effects on its results of operations and financial condition.

How to apply to the Lava International IPO?

You can apply for the Lava International IPO using any supported UPI app by following two steps:

  • Enter your bid on Kite
  • Accept the UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

How to check the allotment status for the Lava International IPO?

You can check the allotment status for the Lava International IPO on the website of the Registrar and Transfer agent.