Hyderabad-based Lamtuf, the phenolic, epoxy, and densified wood laminates manufacturer, has filed draft red herring prospectus with the SEBI to raise funds via public issue.
The IPO will be a combination of fresh issue of 1 crore equity shares and an offer-for-sale of 20 lakh shares by promoters Surender Kumar Mehta, and Kamlesh Mehta.
With a single manufacturing facility in Hyderabad with annual capacity of 7,200 metric tons, Lamtuf manufactures industrial laminates, shuttering films and composite materials, catering to several industries such as distribution and power transformers, railways, automobiles, electrical switchgears, oil and gas, civil construction, steel rolling and defence.
High Volt Electricals, Sabar Industries, Technical Associates, Auto CNC, and Bharat Bijlee are some of its domestic customers. It also supplies products to more than 23 customers in over 15 countries including Atlas Fibre, Spaulding Composites Inc., Norplex Micarta, Attwater & Sons, and LMC Plastics.
Click Here To Read All IPO News
In the financial year ended March 2025, the international sales accounted for 45.83 percent to revenue. It has reported revenue at Rs 185.5 crore in FY25, increasing 9 percent from Rs 170.3 crore in the previous fiscal. Profit in the same period grew by 10.2 percent to Rs 21.8 crore, up from Rs 19.8 crore.
Incorporated in 1978, Lamtuf plans to spend Rs 60.4 crore out of fresh issue proceeds for the expansion of existing manufacturing facility in Telangana, and Rs 34 crore for working capital requirements. The reminder funds will be used for general corporate purposes.
The company does not a comparable peer in the listed space.
Unistone Capital is appointed as the sole merchant banker to handle the Lamtuf IPO.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
