Lamosaic India shares list at 18% discount on NSE SME platform

The shares of Lamosaic India debuted on the NSE SME platform at a discount of 18% on Friday. The stock listed at Rs 164 as against an issue price of Rs 200.

The IPO of Lamosaic India received muted response from investors with a subscription of just 1.77 times.

The net proceeds from the public offer will be used for repayment of debt, incremental working capital, pursuing inorganic growth and general corporate purposes.


The company sells its products primarily to the real estate and infrastructure industry for commercial and residential usage, construction industry, interior decor, furniture, plywood industry etc.

Over the period, after establishing in trading of flush doors, decorative laminates, acrylic sheets, printing paper (base), plywood, etc., the company diversified its activities to manufacturing activities.

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The company also provides customized solutions to its customers. This includes designing the laminates and acrylic sheets. Besides this, it also supplies laminated and decorative laminated flush doors based on the order received by customers.

Currently, its business operations (trading and manufacturing) are conducted within Maharashtra. Apart from selling its products directly in the market, the company also sells its products through one of our franchisees located at Mumbai.

At present, the increasing demand for plywood due to the growing number of distribution networks and exclusive outlets of premium furniture manufacturers represents one of the primary factors influencing the market positively in India.

Further, the rising integration of technologically advanced production methods to manufacture plywood with improved features, such as flexible plywood, is propelling the growth of the market.

For the period ended September 2024, the company clocked total revenues of Rs 72.86 crore and net profit of Rs 10.76 crore.