Lamosaic India IPO

NiftyTrader • November 15, 2024

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Lamosaic India IPO opens for subscription on November 21, 2024 and closes on November 26, 2024. The allotment for the Lamosaic India IPO is expected to be finalized on Wednesday, November 27, 2024. Lamosaic India IPO will list on NSE SME with tentative listing date fixed as Friday, November 29, 2024.

Lamosaic India IPO price is ₹200 per share. The minimum lot size for an application is 600 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (1,200 shares) amounting to ₹240,000.

Lamosaic India IPO is a fixed price issue of Rs 61.20 crores. The issue is entirely a fresh issue of 30.6 lakh shares.

Lamosaic India IPO Details

IPO Date	November 21, 2024 to November 26, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹200 per share
Lot Size	600 Shares
Total Issue Size	3,060,000 shares (aggregating up to ₹61.20 Cr)
Fresh Issue	3,060,000 shares (aggregating up to ₹61.20 Cr)
Issue Type	Fixed Price Issue IPO
Listing At	NSE SME
Shareholding pre-issue	7,278,008
Shareholding post-issue	10,338,008
Market Maker portion	153,000 shares

Lamosaic India IPO Lot Size

Investors can bid for a minimum of 600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application	Lots	Shares	Amount
Retail (Min)	1	600	₹120,000
Retail (Max)	1	600	₹120,000
S-HNI (Min)	2	1200	₹240,000

Lamosaic India IPO Objectives

The Net Proceeds from the Issue are proposed to be utilized by the Company for the following objects:

Repayment of certain Borrowings;
To meet incremental working capital requirements;
Pursuing Inorganic Growth; and
General Corporate Purposes

About Lamosaic India

Incorporated in April 2022, NTPC Green Energy Limited is a wholly-owned subsidiary of NTPC Limited. NTPC Green is a renewable energy company that focuses on undertaking projects through organic and inorganic routes.

As of August 31, 2024, the company had an operational capacity of 3,071 MW from solar projects and 100 MW from wind projects across six states.

As of June 30, 2024, the company’s Portfolio consisted of 14,696 MW, including 2,925 MW of operating projects and 11,771 MW of contracted and awarded projects.

As of June 30, 2024, the company had 15 off-takers across 37 solar projects and 9 wind projects.

As of June 30, 2024, the company is constructing 31 renewable energy projects in 7 states, totaling 11,771 MW.

Competitive Strength

Promted by NTPC Limited, with its extensive experience in large-scale project execution, maintains strong relationships with offtakers and suppliers and showcases significant financial strength.
As of June 2024, the company has a Portfolio of 14,696 MWs solar and wind projects.
Experienced team in renewable energy project execution.

As of June 30, 2024, the workforce comprised 234 employees, and the company utilised the services of 45 contract labourers.

Lamosaic India Financial Information

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	8,151.84	5,126.79	2,905.61	581.13
Revenue	7,286.98	5,565.72	3,175.85	1,003.45
Profit After Tax	1,076.24	822.94	407.14	50.89
Net Worth	2,601.95	1,525.71	1,143.33	295.99
Reserves and Surplus	1,874.15	797.91
				Amount in ₹ Lakhs

Lamosaic India IPO Reservation

Investor Category	Shares Offered
Other Shares Offered	50% of the Net Issue
Retail Shares Offered	50% of the Net Issue

Lamosaic India IPO Timeline (Tentative Schedule)

Lamosaic India IPO opens on November 21, 2024, and closes on November 26, 2024.

IPO Open Date	Thursday, November 21, 2024
IPO Close Date	Tuesday, November 26, 2024
Basis of Allotment	Wednesday, November 27, 2024
Initiation of Refunds	Thursday, November 28, 2024
A credit of Shares to Demat	Thursday, November 28, 2024
Listing Date	Friday, November 29, 2024
Cut-off time for UPI mandate confirmation	5 PM on November 26, 2024