Lamosaic India shares debuted on the NSE SME platform at Rs 164, marking an 18% drop from the IPO price of Rs 200. The company aimed to raise Rs 61.2 crore through its initial public offering, which closed on November 26. The stock experienced a decline of 13.90% during trading, with a volume of 1,402,800 shares.
Lamosaic India is set to launch its fixed-price IPO on November 21, aiming to raise Rs 61.2 crore by offering 30.6 lakh equity shares at Rs 200 each. The IPO will close on November 26, with trading on NSE Emerge starting November 29. The Mumbai-based company specializes in products like flush doors and decorative laminates, having commenced manufacturing in September 2023.
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