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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Bidding Dates
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Face Value
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GMP
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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 Strengths
- 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.
Lava International Ltd FAQs
When will Lava International Ltd.’s IPO allotment be available?
Details not available.
What will be Lava International Ltd.’s IPO lot size?
Details not available.
What minimum lot size can retail investors subscribe to?
Retail investors can apply for a minimum of one lot.
When will Lava International Ltd. list on exchanges?
It usually takes ten business days from the last day of subscription to list the IPO on the bourses.
How to check the allotment status of Lava International Ltd. IPO?
Existing Angel One customers can check IPO allotment status in their customer accounts.
Keep your application number, DP id, and PAN number available when checking allotment status.
What would be the listing gains on Lava International Ltd. IPO?
Listing gain refers to the price difference between the IPO’s opening and offer prices.
The listing gain depends on investors’ interest, global parameters, and short and long term outlooks.
I have finished the application process for Lava International Ltd. IPO, but the funds are not yet debited. What is the reason?
The bank initially blocks the amount when you bid for IPO. It will debit the amount when shares are allotted to you or unblock it after the UPI mandate expiry date.
Can I alter my bid for Lava International Ltd.’s IPO after confirming its final application?
It is possible to alter the price or the lot size using the changing/revising form available with the application. But it could be a challenge to complete the process within the time given.
Can I submit more than one application for the public issue of Lava International Ltd. using one PAN?
No. Only one application at a time is allowed against one PAN card.
Who is the owner of Lava International Ltd.?
Hari Om Rai is the Chairman and Managing Director of Laval International Ltd.