Lamosaic India IPO

About Lamosaic India IPO

Lamosaic India was founded in January 2020 by a group of promoters, originally operating under the name Swastik Marketing. The company began as a trading business, offering a diverse range of high-quality products including flush doors, decorative laminates, acrylic sheets, printing paper (base), and plywood. These products were primarily sold to the real estate, infrastructure, construction, and interior décor industries, catering to both commercial and residential needs. Over the years, the business gained a strong foothold in the market, known for its reliability and excellent product offerings under the brand name "Swastik."

In June 2023, to further expand and formalize its operations, Swastik Marketing was converted into a public limited company and rebranded as Lamosaic India Limited. This transition marked a significant milestone in the company’s growth trajectory, enabling it to pursue its vision of scaling operations and diversifying into manufacturing. Since September 2023, Lamosaic has expanded its activities to include the manufacturing of customized products such as laminated flush doors and decorative laminates, with a production workshop established in Chembur, Mumbai, spanning approximately 650 square feet.

Today, Lamosaic India Limited continues to operate primarily within Maharashtra, where it markets its products both directly and through a franchisee in Mumbai. The company offers a comprehensive range of products under the Lamosaic brand, which includes flush doors, decorative laminates, acrylic sheets, printing paper, and plywood. Additionally, Lamosaic provides tailored solutions to meet the specific needs of its customers, including bespoke designs for laminates and acrylic sheets. With its strong manufacturing capabilities and commitment to quality, Lamosaic India Limited is poised for continued growth and success in the competitive building materials and interior décor sectors.

Lamosaic India Limited prepares for its Initial Public Offering (IPO), the proceeds from the Fresh Issue will be allocated towards critical objectives

1) Repayment of certain Borrowings.

2) To meet incremental working capital requirements.

3) Pursuing Inorganic Growth.

4) General Corporate Purpose.