Schedule of Lamosaic India
| Issue open date | 21 Nov 2024 |
| Issue close date | 26 Nov 2024 |
| UPI mandate deadline | 26 Nov 2024 (5 PM) |
| 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 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Lamosaic India
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*.
Financials of Lamosaic India
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹61.20 crores |
| Fresh Issue | ₹61.20 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| To meet incremental working capital requirements | 35.00 (57.2%) |
| Repayment of Borrowings | 4.46 (7.30%) |
| Pursuing inorganic growth | 6.00 (9.80%) |
| General corporate purposes | 15.74 (25.70%) |
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