Lamosaic India IPO Day 3: Subscription Status, Key Dates & Investor Insights
The Lamosaic India IPO has shown weak demand from investors, with the issue being subscribed 0.93 times overall by Day 3 (25 Nov) 2:00 pm. Here's a detailed breakdown of the subscription status and other important details:
Lamosaic India IPO Subscription Status:
- Retail Individual Investors (RIIs) with their portion being subscribed 1.20.
- Non-Institutional Investors (NIIs) with their portion subscribed at 0.71.
Lamosaic India IPO Key Dates:
- The subscription period for the IPO is open from November 24 to November 26, 2024.
- The final allotment is expected to be declared on November 27, 2024.
- The listing of the shares on the stock exchange is likely to take place on November 29, 2024.
Lamosaic India IPO Overview:
Lamosaic India is a company that specialises in manufacturing laminates and plywood. It produces a wide range of products used for various applications in the building and interior design sectors. The company is focusing on expanding its market reach and scaling up its production capacity, with an emphasis on high-quality, durable materials.
Disclaimer: Investing in SME IPOs involves a high degree of risk due. Such investments may be suitable only for investors with a high-risk tolerance and the ability to bear potential losses. Perform thorough due diligence and consult a financial advisor before investing. Invest wisely and at your own discretion.