Lamosaic India Limited, originally established as Swastik Marketing in January 2020, began its journey as a trading business specialising in premium building materials. Catering to the real estate, infrastructure, construction, and interior décor industries, the company offered a versatile product portfolio, including flush doors, decorative laminates, acrylic sheets, printing paper (base), and plywood. With its excellent product offerings and reliability, “Swastik” gained a strong foothold in the market.
In June 2023, the company embarked on a transformative chapter, transitioning from a private entity to a public limited company and adopting the name Lamosaic India Limited. This pivotal move not only formalised its operations but also set the stage for expansion and diversification into manufacturing. By September 2023, Lamosaic established a state-of-the-art production workshop in Chembur, Mumbai, spanning approximately 650 square feet. This workshop enabled the company to venture into the manufacturing of customised products, including laminated flush doors and decorative laminates.
Operating primarily in Maharashtra, Lamosaic India Limited markets its comprehensive range of products directly and through a franchisee in Mumbai. The product lineup, offered under the Lamosaic brand, continues to include flush doors, decorative laminates, acrylic sheets, printing paper, and plywood. Additionally, the company provides bespoke solutions, offering tailored designs for laminates and acrylic sheets to address specific needs of its customers.
As Lamosaic prepares for its Initial Public Offering (IPO), the proceeds from the Fresh Issue will be allocated towards critical objectives. They are:
- Repayment of certain borrowings.
- To meet incremental working capital requirements.
- Pursuing inorganic growth.
- General corporate purpose.
You can now apply for the Lamosaic India IPO on Upstox. Click here.