Price band
₹ 0 to 0 per equity share
Lava International IPO
Issue period
Opens On:
Closes On:
Bid lot
0 shares and in multiples thereof
More about the IPO
| Issue size | Rs. 0 Cr |
| Price band | Rs. 0 to 0 per equity share |
| Bid lot | 0 shares and in multiples thereof |
| Issue break-up | QIB - Rs. 0.0 Cr |
| HNI - Rs. 0.0 Cr | |
| RET - Rs. 0.0 Cr | |
| Registrar | |
| Listing at |
Company Details
We 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, we 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. We have presence in many emerging markets, such as Thailand, Sri Lanka, the Middle East, Bangladesh, Mexico, Indonesia and Nepal. According to F&S, we are the fifth largest feature phone company with a market share of 5.0% in the world, in terms of sales volume in the calendar year 2020, and the fifth, third and sixth largest feature phone company, respectively, in North America, Asia and the MEA region, in terms of sales volume in the calendar year 2020.
We design, manufacture, market, distribute and service mobile handsets, tablets and other electronics accessories under our own “LAVA” and “XOLO” brands, and provide value added software services. We also offer mobile handsets solutions to original equipment manufacturers (“OEMs”) ranging from sourcing, design, manufacturing, quality testing, embedding software and distribution. In the past, we have customized and manufactured whitelabel mobile handsets for leading multi-national companies such as HMD, Bhagwati Products Limited and TCL.
We have also designed smartphones powered with medical ultrasound application for GE Healthcare. Recently, we have successfully signed (i) a partnership license agreement with Lenovo, which entitles us to distribute mobile handsets manufactured by us 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.
Our ability to conceptualize, design and develop features, functions, applications and services tailored to the needs of our target customers has been a key factor for our success. Our research and development division is organized into software design, industrial design, mechanical design, hardware design, component selection, performance optimization and user interface and use experience teams, which comprised 83 personnel based in India, of whom 73 are trained engineers, as of July 31, 2021. Leveraging our in-house research and development capabilities, we have been able to introduce new products, scale up our product development output and deliver a broad range of products with enhanced functions and features.
Over the years, we have successfully developed (i) software such as “Star OS” and “Hive OS”, (ii) mobile handset such as Prime X (the first “designed in India” feature phone), Z1 (the first “designed in India” smartphone) and myZ (the first smartphone in the world which can be customized by customers), and (iii) mobile applications such as Lava Pay, Lava Pulse with Heart Rate and Blood Pressure Monitor, and Lava Pulse 1 with thermometer functionality. In addition, we also have strong cooperation relationship with several companies on research and development of devices, operating systems and applications.
- Log in to the Mirae Asset Sharekhan appMirae Asset Sharekhan app opens in a new tab/window and tap the hamburger menu.
- Under the EQUITY dropdown option, tap IPO/OFS/BOND to land on the IPO dashboard.
- Click on the Current IPO tab and select the IPO of your choice.
- On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
- Now enter your UPI ID (make sure this UPI ID is connected to your Mirae Asset Sharekhan-mapped bank account) on the form.
- Read and accept the Terms & Conditions and click on the SUBMIT button. Recheck the details on the order confirmation screen and confirm the order.
- Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well.
- Log in to your UPI app and go to the pending mandates section.
- Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
- Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.
Note: The actual amount will be debited when the shares are allotted to you.
How to apply for an IPO on the Mirae Asset Sharekhan app
How to apply for an IPO on the Mirae Asset Sharekhan website
- Log in to the Mirae Asset Sharekhan websiteMirae Asset Sharekhan website opens in a new tab/window and click the IPO & OTHERS menu option you see on the top-right.
- From the list of Active IPOs, select the IPO of your choice
- On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
- Now enter your UPI ID (make sure this UPI ID is connected to your Mirae Asset Sharekhan-mapped bank account) on the form. Read and accept the Terms & Conditions and click on the SUBMIT button.
- Recheck the details on the order confirmation screen and confirm the order.
- Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well. Log in to your UPI app and go to the pending mandates section.
- Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
- Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.
- Your IPO order will now appear on your Mirae Asset Sharekhan Order Book, from where you can modify or cancel your IPO bid if you so wish.
Note: The actual amount will be debited when the shares are allotted to you.
How does an IPO work?
An IPO offers share market participants like you and me an opportunity to be a shareholder in an erstwhile privately held company that is now going public and being listed on the market. Historically speaking, investors who choose the right IPOs make significant returns on their investments, which increases the attraction of IPOs.
Once you are a shareholder, you are eligible to receive dividends from the company proportional to the shares you own. You can also sell your stocks for profit on the stock exchange.
In exchange for its shares, the company has an opportunity to raise huge capital to be used to further enhance its business and scale up its operations. The company also has other benefits, such as credibility; visibility; better leverage to effect mergers, acquisitions and even to procure loans at lower rates of interest.
In India, the entire IPO process is ably regulated by the Securities & Exchange Board of India (SEBI), right from the IPO filing by the company to the bidding, allotments and refunds (in case you aren't allotted shares due to oversubscription).
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FAQs
Yes. IPO & Bonds will reflect in the portfolio.
In case the allotment is not done then bank will unblock the application money from the bank accounts upon receiving instructions from the Registrar.
Bidding time will be till 1200 hrs on the closing day of the issue.
Your bank should be a part of the ASBA participating bankers. Click here to check the list of banks.
Yes, you will receive a sms once the IPO form is processed.
BSE IPO index to track the value of companies for two years after listing subsequent to successful completion of their initial public offering (IPO).
This report provides the debit/credit entry of all the transfers done in the IPO and MF account
Click here to check the status of your IPO application
This product is a Loan Facility offered for applying in Primary Market Issues (IPOs and FPOs). With this product Investors can apply for IPOs by investing only Margin amount (specified for each IPO separately).
