Lamosaic India IPO

Founded in January 2020, Lamosaic India Limited trades various products, including flush doors, decorative laminates, acrylic sheets, printing paper (base), and plywood. In September 2023, the company expanded its operations into manufacturing by setting up a workshop in Chembur, Mumbai, covering an area of approximately 650 sq. ft. The range of products sold under the brand name "Lamosaic" is summarized as under: Flush Doors Decorative Laminates Acrylic Sheets Printing Paper (Base) Plywood The company offers customized solutions for its customers, including the design of laminates and acrylic sheets. Additionally, the company manufactures and supplies laminated and decorative flush doors based on customer orders. The company's business operations, including trading and manufacturing, are currently conducted within Maharashtra. In addition to selling products directly in the market, the company also distribute through a franchise located in Mumbai, Maharashtra. Competitive Strength Strong Network of Dealer, Distributors, Stockiest and Wholesalers. Experienced Management team Redesign products that are suitable for the Indian market with the assistance of in-house designers. As of September 30 2024, the company has nine employees and 23 unskilled labourers.

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

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