The Lamosaic India IPO opened on November 21, 2024, and will close on November 26, 2024. It is priced at ₹200 per share with a minimum investment of 600 shares (₹120,000). The IPO aims to raise ₹61.20 crore through a fresh issue of shares, with no offer for sale component. It will list on the NSE Emerge platform, which is tailored for small and medium enterprises (SMEs)
Key Details:
- Industry: Lamosaic India operates in the construction materials sector, focusing on products like laminates, plywood, and flush doors. The company primarily caters to real estate and infrastructure markets within Maharashtra.
- Financial Performance: The company has shown significant growth, with revenue rising from ₹10.01 crore in FY22 to ₹55.65 crore in FY24. Net profit improved from ₹0.51 crore in FY22 to ₹8.22 crore in FY24
- Return on Equity (RoE): It boasts an impressive RoE of 53.93% for FY24, reflecting strong profitability
Strengths:
- Specialized Market Niche: Focuses on decorative laminates and related products with a presence in the Maharashtra market.
- Strong Financials: Consistent growth in revenue and profitability, with improving margins.
Risks:
- High Valuation: With an FY24 Price-to-Earnings (P/E) ratio of around 24, the IPO appears slightly expensive compared to peers in the SME segment.
- Limited Market Reach: Its operations are largely confined to Maharashtra, which could restrict future growth opportunities
If you are considering investing, the IPO's success will depend on its ability to scale operations and sustain profitability. For retail investors, the 50% allocation in this SME IPO and listing on NSE Emerge are notable aspects.
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