LAVA International IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 17, 2022Let’s have a detailed review of the company and analytics of the LAVA International IPO release date, IPO offer price, subscription, LAVA International Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 5 |
| Price Band | Rs [●] |
| Listing At | BSE, NSE |
| Min. Order Quantity | NA |
| Listing Date | NA |
| Offer for Sale | Rs Million |
| Fresh Issue | Rs 5000 Million |
| IPO Size | Rs Million |
| Tick Size | 1 |
LAVA International IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
LAVA International IPO – Summary
They are a leading end-to-end focused mobile handset and mobile handset solutions company based in India, with operations in a number of countries. According to F&S, they are the third-largest feature phone company in India with a market share of 13.4%, in terms of sales volume in the financial year 2021. They have a presence in many emerging markets, such as Thailand, Sri Lanka, the Middle East, Bangladesh, Mexico, Indonesia, and Nepal. According to F&S, they are the fifth largest feature phone company with a market share of 5.0% in the world.
The Promoter of this company is HARI OM RAI, SHAILENDRA NATH RAI, SUNIL BHALLA, AND VISHAL SEHGAL. The lead manager to the issue is Axis Capital Limited, BOB Capital Markets Limited, DAM Capital Advisors Limited, and SBI Capital Markets Limited, and the Registrar to this issue is Link Intime India Private Limited.
LAVA International IPO Date
The opening and the closing date of the IPO of LAVA International Limited are not available yet.
Check out Related IPO Links:
| LAVA International IPO GMP |
| Allotment – LAVA International IPO |
LAVA International IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
Check LAVA International IPO LIVE Subscription
- LAVA International IPO LIVE Bid details on BSE
- LAVA International IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
LAVA International IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
LAVA International Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| Credit of Shares to Demat Account | – |
| Share Listing Date | – |
LAVA International IPO Price Band
The face value of each share is Rs.5, but the price band of the IPO is Rs.[●]
LAVA International IPO Equity Size
This Initial Public Issue of 18,24,000 Equity Shares of Rs.5 each for cash at a price of Rs.[●] per equity share aggregating to Rs.[●] Million.
LAVA International IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.5/ each.
Issue Size: X Equity Shares of Rs.5 each, aggregating to Rs.[●] Million
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LAVA International IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – LAVA International Share Price |
LAVA International IPO Grey Market Premium
The LAVA International Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
LAVA International IPO – Company Overview
They design, manufacture, market, distribute and service mobile handsets, tablets, and other electronics accessories under their own “LAVA” and “XOLO” brands, and provide value-added software services. They also offer mobile handsets solutions to original equipment manufacturers (“OEMs”) ranging from sourcing, design, manufacturing, quality testing, embedding software, and distribution.
In the past, they have customized and manufactured white-label mobile handsets for leading multi-national companies such as HMD, Bhagwati Products Limited, and TCL. They have also designed smartphones powered with medical ultrasound applications for GE Healthcare.
Recently, they have successfully signed (i) a partnership license agreement with Lenovo, which entitles them to distribute mobile handsets manufactured by them under the MOTOROLA brand in India and overseas and (ii) a multi-year contract with HMD for an end-to-end design, manufacturing, supply chain and distribution of mobile handsets under the Nokia brand in India and overseas.
They manufacture and assemble their mobile handsets at their manufacturing facility located in Noida, India (the “Noida Facility”), using surface-mount technology (“SMT”) which is a leading technology in mobile handset manufacturing.
LAVA International IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Million) | |||
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Total Assets | 24,375.49 | 23,842.87 | 23,808.03 |
| *Total Revenue | 55,236.78 | 52,824.48 | 51,287.48 |
| Total Expense | 52,724.63 | 50,831.92 | 49,455.49 |
| Profit After Tax | 1,726.08 | 1,077.61 | 731.82 |
Earnings per Equity Share (in Million)
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Basic | 3.46 | 2.16 | 1.47 |
| Diluted | 3.15 | 1.97 | 1.34 |
Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 1,726.08 Million, Rs. 1,077.61 Million and Rs. 731.82 Million respectively.
LAVA International IPO – Promoters
The Promoter of this company is:
- HARI OM RAI
- SHAILENDRA NATH RAI
- SUNIL BHALLA
- VISHAL SEHGAL
List of Related Parties (Key Managerial Personnel)
- Hari Om Rai, Chairman, and Managing Director
- Shailendra Nath Rai, Whole-time Director
- Sunil Bhalla, Non-executive Director
- Vishal Sehgal, Non-executive Director
- Vinod Rai, Independent Director
- Rahul Kansal, Independent Director
LAVA International IPO – Promoters Holding
- Pre Issue Share Holding – %
- Pos Issue Share Holding – %
LAVA International IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to X Equity Shares aggregating up to Rs.[●] Million |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 541,126,216 Equity Shares |
| Equity Shares outstanding after the Issue | 557,769,856 Equity Shares |
LAVA International IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Marketing and brand building activities
2. Funding acquisition and other strategic initiatives
3. Investment in Material Subsidiaries for funding their working capital requirements and
4. General corporate purpose
LAVA International IPO – Business Strategy
- Establish and expand their distribution network in other international markets and expand their manufacturing capacities
- Continue to focus on strengthening the “Lava” brand by enhancing brand building and marketing efforts
- Continue to nurture innovation through research and development
- They continue to invest in technology to optimize their sales and distribution structure and improve operational efficiencies
- Pursue strategic acquisitions and investments
LAVA International IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager based on the following qualitative and quantitative factors.
Qualitative factors are:
- A leading end-to-end focused mobile handset and mobile handset solutions company in India with a growing international presence;
- Robust research and development capabilities with a strong track record in product innovation and design;
- Large-scale state-of-the-art manufacturing and quality service capabilities;
- Extensive distribution network supported by advanced information technology capabilities; and
- Highly qualified and experienced leadership team and motivated and skilled workforce;
The relevant quantitative factors are:
| Basic EPS | Diluted EPS |
RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 3.46 | 3.15 | 10.86 | 31.71 |
| 31-Mar-20 | 2.16 | 1.97 | 7.65 | – |
| Mar-19 | 1.47 | 1.34 | 5.83 | – |
LAVA International IPO: Competitive Peers
| Face Value (Rs.) | P/E | Basic EPS (Rs.) | Diluted EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Millions) | |
| LAVA International Limited | 5 | [●] | 3.46 | 3.15 | 10.86 | 55,236.78 |
| Listed Peers | ||||||
| Amber Enterprises India Limited | 10 | 127.32 | 24.96 | 24.96 | 5.09 | 30,636.20 |
| Dixon Technologies (India) Limited | 2 | 158.98 | 27.49 | 26.87 | 21.67 | 64,497.48 |
LAVA International IPO Lead Managers
| Lead Managers |
| Axis Capital Limited
BOB Capital Markets Limited DAM Capital Advisors Limited SBI Capital Markets Limited |
LAVA International IPO Registrar to offer
| Registrar to the Offer |
| Link Intime India Private Limited C-101, 1st floor, 247 Park Lal Bahadur Shastri Marg Vikhroli (West) Mumbai 400 083, Maharashtra, India Tel: +91 22 4918 6200 E-mail: lava.ipo@linkintime.co.in Investor grievance e-mail: lava.ipo@linkintime.co.in Website: www.linkintime.co.in Contact person: Shanti Gopalkrishnan SEBI Registration Number.: INR000004058 |
LAVA International IPO – Other Details
- Statutory Auditor – NA
- Legal Counsel to the Company – NA
- Bankers to the Company – NA
LAVA International IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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LAVA International Limited IPO News
News 1 – LAVA International Limited IPO DRHP Download
News 2 – LAVA International IPO RHP Download
LAVA International IPO Review FAQs
Ques – What is the Issue Size of LAVA International IPO?
Answer – The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
Ques – What is the Price band of LAVA International IPO?
Answer – The price band for this particular IPO, i.e. LAVA International IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.5 per share.
Ques – What is the LAVA International IPO Open Date?
Answer – The opening and closing dates for LAVA International IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
Ques – What is the LAVA International IPO Allotment Date?
Answer – They also have the news regarding the respective allotment dates of the LAVA International IPO. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
Ques – What is the LAVA International IPO Listing Date?
Answer – Shares of LAVA International shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Ques – Who is the Registrar of LAVA International IPO?
Answer – One of the reputed registrars is managing the issue of LAVA International IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of LAVA International IPO?
Answer – Here are the promoters of LAVA International – HARI OM RAI, SHAILENDRA NATH RAI, SUNIL BHALLA, AND VISHAL SEHGAL. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is the GMP of LAVA International IPO?
Answer – They have obtained the GMP of LAVA International IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is LAVA International IPO good for Investment?
Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of LAVA International Company?
Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Million is 1,726.08, 2020 is 1,077.61, 2019 is 731.82.
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