Lava International Limited has filed for IPO with Rs 500 crores in fresh equity shares and 437 lakh equity shares from existing shareholders. Lava International is the third-largest feature phone manufacturer in India.
The company is an Indian end-to-end focused mobile handset and solution company. They are the third-largest Indian feature phone manufacturer and the fifth-largest globally by market share.
They cater to PAN Indian market and have a significant presence in several countries, including emerging markets in Thailand, Sri Lanka, the Middle East, Bangladesh, Mexico, Indonesia, and Nepal.
Listing at NSE, BSE
|IPO Open Date||To be announced|
|IPO Close Date||To be announced|
|Allotment Date||To be announced|
|Initiation Of Refunds||To be announced|
|Credit Of Shares To
|To be announced|
|IPO Listing Date||To be announced|
|UPI Mandate Expiry Date||To be announced|
|Revenue From Operation||55,128.74||52,643.29||51,083.52|
|EBITDA Margin (%)||4.56||3.79||3.59|
|Profit After Tax||1,726.08||1,077.6 1||731.82|
A simple and smartest way to apply in IPO online via Religare Dynami Mobile App
Below are your top reasons:
F&S report predicts a shift from feature-based phones to entry-level smartphone subscribers in India.
The company's technical and R&D capacities will help it capitalise on the trend change.
The company has a strong brand recall in the under $70 market segment.
The brand has established itself in several emerging and foreign markets and recently launched its products and services in the USA.
The brand continues to face challenges from large and established competitors.
Failing to anticipate changing market and customer preferences will hurt the company's future cash flow.
Technical breakthroughs that the brand fails to match or adapt may render its products obsolete.
Its profitability could be harmed by its inability to maintain and expand its sales.
Retail investors need to apply for the IPO using UPI
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Lava international Ltd. IPO constitutes a fresh issue aggregating up to Rs. 500 crore and an offer for sale of up to 437 lakh equity shares.
There is no announcement regarding the date of allotment.
Details regarding the lot size of the IPO aren’t announced.
Listing gain is the difference between the IPO's opening and offer prices.
The listing gain results from changing investors' interests, global parameters, and short vs long-term outlooks.
The bank initially blocks the amount you bid for an IPO. It will debit the amount when the shares get allotted or unblock it after the UPI mandate expiry date.
You can submit only one application using one PAN card.
Login to your UPI handle and approve the payment mandate to complete the IPO application process.
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Details are not available.
The minimum investment size is one lot for retail investors.
It usually takes ten working days from the last day of subscription to list the IPO on the bourses.
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When checking the allotment status, keep your application, DP ID, and PAN number ready.
The minimum size of the application will be one lot.