Lamosaic India IPO

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

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.

Lamosaic India IPO Objectives

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

1. Repayment of certain Borrowings;
2. To meet incremental working capital requirements;
3. Pursuing Inorganic Growth; and
4. 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

Lamosaic India IPO Reservation

Lamosaic India IPO Timeline (Tentative Schedule)

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