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Industrial laminates maker Lamtuf is hitting the markets with a fresh issue + OFS combo.
Lamtuf makes tough, layered materials that go into things like trains, cars, and defence equipment to make them stronger and more durable.
Worth noting: Lamtuf will be the first company in India’s industrial laminates and composites manufacturing space to go public.
The deets: the IPO includes a fresh issue of 1 crore shares and an Offer-For-Sale of 20 lakh shares by existing promoters. The issue will be book-built, with 50% reserved for QIBs, 15% for NIIs, and 35% for retail investors.
The face value is set at ₹5 per share. From the fresh issue, ₹60.43 crore will go toward expanding its Telangana facility, and ₹34 crore will be used for working capital. The rest goes to general corporate use.
The why: Lamtuf is expanding its plant in Pashamylaram Industrial Area, Telangana, across 27,225 square yards. The move is aimed at increasing production and scaling up for growing demand.
Zoom out: In India, the industrial laminates and composite materials sector is still a niche space, but it’s gaining traction fast. The domestic market for industrial laminates is estimated to be worth ₹3,000–3,500 crore, driven by demand from electricals, railways, and auto components.
Most players in the space are private or MSMEs, and there are no major listed companies that offer the same mix as Lamtuf making its IPO one of the first of its kind in this segment.
