Lamosaic India IPO: The offer opened for subscription on 21 November 2024. Check here for subscription status, GMP, key dates, all other things you need to know:
The Lamosaic India IPO received 1.17 times subscriptions at the end of the third day of bidding. The retail category was subscribed 1.59 times and the non-institutional buyer category 0.74 times.
The subscription period for the Lamosaic India IPO began on November 21, 2024, and ends on November 26, 2024. On Wednesday, November 27, 2024, the allocation for the Lamosaic India IPO is anticipated to be finalized. The proposed listing date for the Lamosaic India IPO is set on Friday, November 29, 2024, on the NSE SME.
Lamosaic India's initial public offering (IPO) is priced at ₹61.20 crores which involved fresh issue of 30.6 lakh shares
The IPO price of Lamosaic India is ₹200 per share. An application must have a minimum lot size of 600 shares. Retail investors are required to invest a minimum of ₹120,000. HNI requires a minimum lot size investment of two lots (1,200 shares), or ₹240,000.
Lamosaic India Ltd plans to use the net proceeds from the issue towards repayment of certain borrowings, meeting incremental working capital requirements, pursuing inorganic growth, and general corporate purposes.
Lamosaic India IPO grey market premium stood at Nil. This meant that Lamosaic India shares were trading in the grey market without any premium as per Investorgain.com
This also means that investors are expecting Lamosaic India shares at ₹200, which happens to be the upper price band of the IPO
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions
