ListedSMEEngineering - ConstructionLAMOSAIC

Lamosaic India IPO

Lamosaic India IPO is an SME IPO raising ₹61 Cr at a fixed price of ₹200 a share. It listed on 29 Nov 2024 at ₹164, −18.0% against its issue price of ₹200, and trades at ₹53 today (−73.5% since issue). It was subscribed 1.32× in total.

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₹200

Issue price

₹53

Price now

−73.5%

Since issue price

29 Nov 2024

Listed on

1.32×Subscribed (final) · all exchanges

Just covered — bids slightly exceed the shares on offer

populated partly populated we hold nothing here — the tab says why

Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Issue price (fixed)₹200

Cut-off price₹200

Issue size₹61 Cr

Shares per lot600

Minimum application₹1,20,000

Minimum quantity600

Face value₹10

Listing exchanges—

ISININE0R0201012

Bidding hours10:00 – 17:00 IST

Bidding window21 Nov 2024 – 26 Nov 2024

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

Not here yet

Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.