Hyderabad-based Lamtuf has received final observation from the capital markets regulator, Securities and Exchange Board of India (SEBI), for its initial public offering (IPO).

The Company had filed its IPO papers with Sebi on 14 July, 2025.

The IPO consists of a fresh issuance of equity shares of 1,00,00,000 equity shares and an offer-for-sale of shares of 20,00,000 shares by promoter Surender Kumar Mehta and Kamlesh Mehta.

Proceeds from the fresh issue to the extent of Rs 60.43 crore will be used towards part financing the expansion of its existing manufacturing facility in Telangana, Rs 34 crore for funding working capital requirements and a portion will be utilised for general corporate purposes.

Hyderabad-based Lamtuf is a vertically integrated manufacturer engaged in the production and sale of industrial laminates, shuttering films and composite materials.

Its key customers include High Volt Electricals, Sabar Industries, Technical Associates, Auto CNC and Bharat Bijlee.

It supplies its products to more than 23 customers in over 15 countries.

Lamtuf’s revenue from operations increased by 8.97 per cent to Rs 185.54 crore in FY25 from Rs 170.28 crore in the preceding fiscal, and profit after tax rose 10.24 per cent to Rs 21.83 crore compared to Rs 19.80 crore a year ago.

Unistone Capital Private Limited is the book-running lead manager and KFin Technologies Limited is the registrar of the issue. The equity shares are proposed to be listed on the National Stock Exchange of India Limited and BSE Limited.