Lamosaic India IPO is set to open for subscription from November 21 to November 26, 2024. The Initial Public Offering (IPO) is set at a price of ₹200 per share, with each share having a face value of ₹10. Investors can place bids for a minimum of 600 equity shares and in multiples of 600 thereafter. Here’s everything you need to know about this IPO and why it is gaining attention.
Lamosaic India Limited, a relatively new company established in 2020, is set to make its debut on the stock market through an Initial Public Offering (IPO). The company primarily engages in trading and crafting decorative veneers such as acrylic sheets, printing papers, and other customized products.
The IPO consists of a fresh issue of 3,060,000 equity shares, with no offer for sale (OFS) component. This means all funds raised through the IPO will go directly to the company for expansion and business operations.
IPO Details
- Issue Price: ₹200 per equity share
- IPO Dates: November 21 to November 26, 2024
- Minimum Order Quantity: 600 shares (₹1.2 lakh investment)
- IPO Size: ₹61.20 crore
- Stock Exchange Listing: NSE SME
- Offer Type: Fresh issue of 3,060,000 equity shares; no offer for sale (OFS)
The grey market premium (GMP) for Lamosaic India IPO currently stands at ₹0, meaning the shares are trading at the issue price in the grey market. GMP reflects how investors perceive the demand and value of the IPO shares before their official listing. A zero GMP indicates that investors are neutral about paying any premium over the issue price at this stage.
The Lamosaic India IPO presents an opportunity for investors to participate in a relatively new company with growth potential. However, it’s crucial to conduct thorough due diligence and make informed investment decisions. Investors should consider consulting with financial advisors to assess the suitability of this IPO for their investment goals and risk tolerance.
