The month of November 2021 is bringing a new wave of excitement in the stock market! With more than 5 biggest IPOs lined up, investors are informed to be aware of every momentum that takes place. One of the 5 major IPOs that will be going live this month is - Lava International Ltd. So, let’s delve deep into understanding some key elements about the company!
- About the Company -
The Made in India mobile handset manufacturing and solutions designing company - Lava International Ltd is finally going live with its IPO. Founded in the year 2009, as an offshoot of a telecommunications venture, Lava soon entered the mobile and electronic devices manufacturing sector, operating in and around more than 7 countries.
Headquartered in Noida, the company manufactures, markets, distributes and services mobile handsets, tablets and other electronics accessories under its own ‘LAVA’ and ‘XOLO’ brands.
On the financial front, the reported revenue for the company for FY 19-20 stood at Rs 5,400 crores.
- Lava International Ltd IPO details -
Let’s now move onto the main part of this article. Here, we’re going to be looking at some of the most important details of this upcoming IPO viz - Lava International Ltd IPO date and it’s share price.
- Lava International Ltd IPO date -
According to the Red Herring Prospectus filed by the company, the public issue of the equity shares is yet to be declared, tentatively slated to go live in the month of November 2021.
- Lava International Lt d issue size -
The total issue size of the latest IPO of Lava International Ltd is expected to be around Rs 500 crores.
- Lava International Ltd IPO share price
The price band of the company’s upcoming IPO is yet to be finalised and announced by the company.
- Lava International Ltd IPO listing
Since the IPO of Lava International Ltd is from the mainboard, it would be listed on both - the National Stock Exchange (NSE) as well as the Bombay Stock Exchange (BSE)
- Lava International Ltd IPO objectives
According to the Red Herring Prospectus filed by the company, it aims to utilise the Net Proceeds towards building the resources for further expansion of the business as well as other corporate purposes.
Conclusion
Lava International Ltd, being one of the early brands of the Make-in-India campaign, has stood strong in terms of its competition from international brands, with its future plans of expansion looking impressive. If you want to invest in this new-age technology led company, you will first need to have an online demat account of your own! And to get it for Free*, all you need to do is sign-up with Motilal Oswal.
If you already have an existing account, you can start your online trading and invest in the upcoming IPO 2023.
With a plethora of companies coming forward with their own IPOs in quick succession, you can keep a track of all the upcoming IPOs by regularly following our IPO calendar.