The Lava International Ltd Date Will Be Updated Soon .
Lava International Ltd filed for an initial public offering (IPO) with Rs 500 crore in new equity shares and 437 lakh equity shares from existing shareholders. Lava International is India’s third-largest feature phone maker.
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Lava International Ltd GMP
The Lava International Ltd IPO GMP is ₹[].
IPO Overview
Lava International Ltd filed its DRHP with SEBI on September 27, 2021. The IPO consists of a fresh issue of Rs.500 crore and an offer for sale of up to 43,727,603 equity shares. The company is also considering a private placement worth Rs.100 crore, which will be deducted from the amount of fresh issue. A few companies, including Unic Memory Technology and Tupperware Kitchenware, are offloading shares.
Lava International Ltd IPO Financials
| Particulars | FY2021 | FY2020 | FY2019 |
| Revenue From Operation | 55,128.74 | 52,643.29 | 51,083.52 |
| EBITDA | 2512.15 | 1992.56 | 1831.99 |
| EBITDA Margin (%) | 4.56 | 3.79 | 3.59 |
| Profit After Tax | 1,726.08 | 1,077.6 1 | 731.82 |
| EPS | 3.15 | 1.97 | 1.34 |
Company Profile
Lava International is an end-to-end focused mobile handset and mobile handset solutions company. They design, manufacture and distribute tablets, handsets and other electronics accessories under their brands- “LAVA” and “XOLO”. It is the country’s third-largest feature phone company and has a market share of 13.4% in terms of sales volume in FY21. According to F&S, Lava International is the fifth giant feature phone globally and has a market share of 5% worldwide in terms of sales volume in FY20. They are in many emerging markets like Mexico, Thailand, Sri Lanka, The Middle East, Bangladesh, Indonesia and Nepal. The domestic network of Lava International, as of July 31, 2021, consists of 893 active distributors and 1,16,339 active retailers.
They have 705 service centres and 60 services on wheels in the country. Their call centres operate seven days a week and have an outsourced repair facility with 95 technicians. They own 98 trademark registrations in India and 12 trademarks overseas. Their research and development team comprises 83 personnel based in India, and 73 are trained engineers. They have also developed a smartphone with a medical ultrasound application for GE Healthcare.
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
