About Lamtuf IPO
Lamtuf IPO Details
The Lamtuf IPO is a 100% book-built issue of 1.20 crore equity shares, comprising a fresh issue of 1 crore equity shares and an offer for sale (OFS) of 20 lakh equity shares, with a face value of ₹5 per share. The company filed its DRHP with SEBI on July 14, 2025.
The price band and official dates of subscription and listing will be announced by the company later, but the shares are supposed to be listed on the BSE and the NSE platforms. The book-running lead manager of Unistone Capital Private Ltd., while the registrar to the issue is KFIN Technologies Ltd.
Lamtuf IPO Date & Timeline
Lamtuf Ltd. officially filed its Draft Red Herring Prospectus (DRHP) on July 14, 2025. However, the specific Lamtuf IPO date and subscription timeline remain unannounced. Following regulatory approval, the company will finalize the price band and bidding dates. Once cleared, the schedule for anchor allotment, public bidding and the final listing on the exchange will be formally disclosed.
Lamtuf IPO Timeline
| IPO Open Date | - |
| IPO Close Date | - |
| Tentative Allotment | - |
| Initiation of Refunds | - |
| Credit of Shares to Demat | - |
| Tentative Listing Date | - |
| Cut-off time for UPI mandate confirmation | - |
Lamtuf IPO Details
| Detail | Description |
|---|---|
| IPO Date | - |
| Listing Date | - |
| Face Value | ₹ 5 per share |
| Issue Price Band | - |
| Lot Size | - |
| Sale Type | Fresh Capital & OFS |
| Total Issue Size | 1,20,00,000 shares (agg. up to ₹[.] Cr) |
| Reserved for Market Maker | - |
| Fresh Issue(Ex Market Maker) | 1,00,00,000 shares (agg. up to ₹[.] Cr) |
| Offer for Sale | 20,00,000 shares of ₹5 (agg. up to ₹[.] Cr) |
| Net Offered to Public | - |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 3,18,36,672 shares |
| Share Holding Post Issue | 4,18,36,672 shares |
Lamtuf IPO GMP (Grey Market Premium)
“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
The Lamtuf IPO GMP is currently trading at ₹[.], reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹[.], which is [.]% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
Company Background
Lamtuf Ltd. was incorporated in 1978 as Lamtuf Plastics and started as a small mould manufacturer and evolved through multiple restructurings, adopting its current name in 2022. With over 4 decades of market presence, it operates as a vertically integrated manufacturer of industrial laminates, shuttering films and composite materials.
The registered office of Lamtuf is in Hyderabad, Telangana, from where the company has managed to build a broad domestic and international footprint spanning over 15 countries. The company has evolved over 40 years from a basic plastics enterprise into a leading, technologically advanced manufacturer in the industrial laminates sector.
Operations & Product Range
The Lamtuf Ltd. facility is entirely integrated, from the synthesis of resins to impregnation, compression and finishing. The major products produced at the firm include paper phenolic laminates, epoxy glass laminates, compressed wood laminates and glass polyester laminates. Such products serve high-end needs within the transportation, defence, aviation, automobile industries and electrical transformers. Through integration, the firm manages the quality and effective costs of its product range.
Facilities & Capacity
Lamtuf Ltd. operates a wholly integrated plant in the Pashamylaram Industrial Estate in Hyderabad, Telangana, covering a total area of 190,124 square feet. As of March 31, 2025, the capacity installed per annum is 7,200 metric tons. The expansion project aims to incorporate 6,300 additional metric tons of capacity, almost doubling current production levels. The plant is well-equipped for handling the present demand and any future increase in volume, especially in the case of introducing new product categories such as pultruded profiles.
Brands & Market Presence
Lamtuf Ltd. has established a strong market presence as a reliable supplier of high-performance composite materials, serving over 512 clients across 21 states and 4 Union Territories in India. International sales contributed nearly 45.83% of the total revenue from operations in FY25, with products exported to over 15 countries including the US, UK, Germany and Australia. The company’s comprehensive management system is certified under the ISO 9001:2015 standard, which meets international manufacturing standards.
Revenue Streams & Business Model
The primary revenue source of Lamtuf Ltd. is derived from the sale of industrial laminates, composite materials, tubes and molded profiles, driven by demand from electrical distribution, railways and industrial infrastructure sectors. The exports of the company have contributed approximately 46% of total revenue in FY25. Lamtuf generates revenue through a B2B model, relying on repeat orders from a diversified client base, which helps insulate the business from localized economic downturns.
Management & Shareholding
Lamtuf Ltd. is promoted by Surender Kumar Mehta, Prateek Mehta, Rachna Mehta, Kamlesh Mehta and Predict Technologies India Private Limited. Before the IPO, the promoter group held a 100% stake, but after the IPO, the promoter shareholding will be diluted as the offering contains 20 lakh OFS, but they will retain a majority controlling interest.
Board & Key Management
The leadership of Lamtuf Ltd. is led by a team of experts with many years of experience. Surender Kumar Mehta serves as the Chairman & Managing Director and gives strategic direction to the firm and manages the daily operations, along with Whole-Time Director Rachna Mehta. To ensure good governance, the board includes Independent Directors Chennaiah Athota, Pandu Ranga Vittal Elapavuluri and Sarabjeet Singh for honest oversight. Together, this team uses its knowledge to help the company grow and stay successful.
Lamtuf IPO Financial Information
Latest Revenue
186.21
₹ Crore
Profit After Tax
21.83
₹ Crore
Net Worth
134.96
₹ Crore
Total Borrowing
14.80
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing | |||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 176.41 | 186.21 | 21.83 | 134.96 | 119.04 | 14.80 | |||
| 31 Mar 2024 | 144.29 | 170.49 | 19.80 | 115.55 | 107.59 | 6.40 | |||
| 31 Mar 2023 | 146.16 | 200.89 | 20.82 | 96.36 | 92.57 | 24.71 | |||
| Amount in ₹ Crore | |||||||||
Lamtuf Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 16.17% |
| ROCE | 22.34% |
| Debt/Equity | 0.11x |
| RoNW | 16.08% |
| PAT Margin | 12% |
| EBITDA Margin | 17.63% |
| Price to Book Value | - |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.86 (basic/diluted) | - |
| P/E (x) | - | - |
Lamtuf IPO Objectives
The company intended to utilise the Lamtuf IPO proceeds for strategic purposes:
- • Capital expenditure for the expansion of the existing manufacturing facility
- • Funding the working capital requirements
- • General corporate purposes
Lamtuf IPO Review
Lamtuf Ltd. has an important place in the industrial laminates and composite materials industry. Being a company that possesses a full production cycle starting from synthesis up to creation of the end-product makes Lamtuf Ltd. well-positioned to cater to industries that require high-quality standards such as the power distribution and aerospace industries.
Financially, the company has demonstrated a stable growth trajectory. In FY25, Lamtuf reported revenues of ₹186.20 crore and a solid PAT of ₹21.83 crore. EBITDA margins improved to 17.63%, reflecting operational efficiencies and a favourable product mix. The high export contribution also underscores the global competitiveness of its product offerings.
The positives for investors include diversification of its clientele and its plans for expanding production capacity, which ensures stable sources of income, while some negatives include stiff competition in the laminates industry and dependence on one production plant. Overall, the Lamtuf IPO provides an investor with a chance to benefit from the development of fundamental industrial infrastructure.
Conclusion
The Lamtuf IPO is an opportunity for investors to invest in a growing company that is a legacy industrial manufacturer; with its proposed capacity expansion, the company aims to capitalise on increasing domestic and global demand for high-performance composite materials. Supported by a vertically integrated business model, consistent financial performance and a strong export footprint, it demonstrates a clear execution focus. The issue mainly aims to fund the capital expenditure for expansion and to reduce the debt.
Frequently Asked Questions
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Competitive Strengths
Operates a fully integrated facility managing everything from in-house resin synthesis to final machining.
Recognised as a leading Indian exporter, supplying industrial laminates to over 15 countries globally.
Manufactures high-performance composites for critical industries including defence, aerospace, railways, and power.
Utilises independent pilot plants and laboratories to develop specialised products like void-free GPO materials.
| Sr.no | Description | Date | File |
|---|---|---|---|
| 1 | SEBI/Exchange approval received | 26/09/2025 | - |
| 2 | Filed with SEBI/Exchange | 14/07/2025 | View DRHP |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 1 | — | ~₹14,000 - ₹15,000 |
| Individual investors (Retail) (Max) | 13-14 | — | Up to ₹2,00,000 |
| S-HNI (Min) | 14-15 | — | Over ₹2,00,000 |
| S-HNI (Max) | 66-70 | — | Up to ₹10,00,000 |
| B-HNI (Min) | 71+ | — | Over ₹10,00,000 |