Lava International, founded in 2009,is the third largest telecommunication company that manufactures smartphones ,tablets and other consumer electronics items. The Company has international presence in many emerging markets such as Thailand, Sri Lanka , the Middle East, Bangladesh, Mexico, Indonesia and Nepal and has generated revenue from operations of 55,128.74 million in FY2021.It is the third largest feature phone company in India with a market share of 13.4% in terms of sales volume.

The Company has filed draft papers with the Securities and Exchange Board of India to raise funds through initial public offering (IPO).

The company’s IPO comprises of fresh issue of equity shares aggregating up to Rs 500 crore and an offer for sale (OFS) for up to 4,37,27,603 shares, as per the draft red herring prospectus filed by it. The company’s shares will be listed on BSE and NSE.

It plans to utilise the proceeds from the fresh issue in IPO for marketing and brand building activities, funding acquisition and other strategic initiatives, investment in material subsidiaries for funding their working capital requirements and general corporate purpose.

The Company intends to stay committed to its mission “Provide customer delight through empathy, in a pre-emptive/one stop solution, with guaranteed quality, at the most efficient cost.”