![\"\"](\"\/Themes\/Release\/images\/responsive\/ettelecom-default.jpg\")
“The company is moving towards filing DRHP by June-end. The work is on,” one of the people told ET, asking not to be named.
The IPO of the company, co-founded by Hari Om Rai, is likely to be a combination of fresh equity and an offer for sale.
China’s Unic Memory Technology Company Ltd., a Tsinghua group company which holds 3.3% share in Lava<\/a>, is likely to sell at least part of its stake along with some employees. Promoters though are unlikely to sell their stake but “internal discussions are currently on,” a second person said. The Tsinghua group also owns chipmaker Unisoc.
The company, which is also into contract manufacturing, has also written a letter to shareholders seeking their approval for the primary float.
\"The company is exploring options for undertaking an initial public offering of its equity shares...the offer may be undertaken by the company at an appropriate time in consultation with the book running lead managers (BRLMs) and other advisers appointed for the offer,\" the letter said, adding that the issue will consist of fresh issue and offer-for-sale by existing eligible shareholders.
Lava<\/a> was founded in 2009 by Hari Om Rai, Shailendra Nath Rai, Vishal Sehgal and Sunil Bhalla. Hari Om Rai is chairman and managing director of the company while rest of the co-founders hold director positions in the company. Lava is among those Indian companies approved under the government’s Production Linked scheme (PLI) to avail of incentives by boosting local manufacturing and exports.
“Their (Lava’s) strength lies in understanding the supply chain, design, and manufacturing,\" Tarun Pathak, research director of mobile devices<\/a> and ecosystems at Counterpoint Research said. He added that Lava’s strengths can be leveraged across different categories of products including consumer IoT, smartphones, IT hardware, among others, that will be localized in India, due to the PLI push.
Read also<\/h4><\/a><\/figure>Lava holds up IPO, raising funds via rights issue at 30% premium<\/a><\/h5><\/div><\/div><\/div>
“Though the capex will be high, it will bring the long-term benefits and other opportunities like exports and in-house design and manufacturing of self-branded products, where it is facing intense competition as of now. Apart from this Lava also has a strong offline connection that it can strengthen further through the funding,” Pathak said.
The year 2016 was the best year for Lava when its overall revenue reached Rs 7272 crore. However, its domestic business fell drastically because it couldn’t compete with Chinese players that entered the market with fat marketing budgets.
Lava’s revenue for FY19-20 stood at Rs 5269 crore with a major contribution from its international business, compared with Rs 5,108 crore reported for the year ago. Its net profit stood at Rs 107 crore, compared with Rs 73 crore in the previous year.
Lava is currently making an investment of Rs 800 crore to support its smartphone business and expand manufacturing capabilities under the PLI scheme over the next five years.
Besides manufacturing its own branded devices<\/a>, Lava has also started making Nokia and Motorola branded smartphones through its contract manufacturing business. It is also actively looking for western companies as part of its push into contract manufacturing. It has been working with US companies like AT&T and General Electric (GE) to provide them with affordable smartphones.
<\/body>","next_sibling":[{"msid":83170146,"title":"Vodafone Idea appoints Shabnam Syed as EVP of postpaid marketing","entity_type":"ARTICLE","link":"\/news\/vodafone-idea-appoints-shabnam-syed-as-evp-of-postpaid-marketing\/83170146","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"83145429","title":"Lava mobile","entity_type":"IMAGES","seopath":"markets\/ipos\/fpos\/lava-ipo-plan-ready-firm-dials-up-shareholders-for-approval\/lava-mobile","category_name":"Lava IPO plan ready, firm dials up shareholders for approval","synopsis":"Lava has plans to raise Rs 1,400-1,500 crore via the primary offering, sources said. ","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-493189\/83145429.cms?width=150&height=112","link":"\/image\/markets\/ipos\/fpos\/lava-ipo-plan-ready-firm-dials-up-shareholders-for-approval\/lava-mobile\/83145429"}],"msid":83163070,"entity_type":"ARTICLE","title":"Homegrown Lava plans to file DRHP by June-end; Chinese shareholder to dilute holdings post IPO","synopsis":"The IPO of the company, co-founded by Hari Om Rai, is likely to be a combination of fresh equity and an offer for sale.","titleseo":"telecomnews\/lava-ipo-plan-ready-firm-dials-up-shareholders-for-approval","status":"ACTIVE","authors":[{"author_name":"Danish Khan","author_link":"\/author\/479206691\/danish-khan","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479206691.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":true,"msid":479206691,"author_name":"Danish Khan","author_seo_name":"danish-khan","designation":"Senior Editor","agency":false}}],"analytics":{"comments":0,"views":2288,"shares":0,"engagementtimems":7644000},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2021-06-02 15:18:02","lastupd":"2021-06-02 15:18:02","breadcrumbTags":["Lava IPO","Lava shares","Lava share price","Lava","IPO market","Lava listing","Lava stock price","Devices","Lava smartphones","Lava International"],"secinfo":{"seolocation":"telecomnews\/lava-ipo-plan-ready-firm-dials-up-shareholders-for-approval"}}" data-authors="[" danish khan"]" data-category-name="" data-category_id="" data-date="2021-06-02" data-index="article_1">
新德里消息:熔岩国际计划提高rs1400 - 1500卢比的通过首次公开发行(IPO),它将文件草案红鲱鱼招股说明书(DRHP)到本月底,知情人士说,此举旨在帮助国内手机制造商的感天动地有钱的中国竞争对手。
”该公司正朝着申请DRHP June-end。工作上,”一位知情人士告诉ET,要求不透露姓名。
公司的IPO,与哈里Om Rai,可能是新股本和要约出售。
中国尤尼克公司内存技术有限公司,清华集团公司持有3.3%的股份熔岩,很可能至少部分的股份出售给一些员工。启动子虽然不太可能出售所持股份,但“目前内部讨论,”第二个人说。清华集团还拥有芯片制造商Unisoc。
公司,这也是合同制造,还写了一封信向股东寻求批准主要的浮动。
“公司正在探索选项进行首次公开发行(ipo)的股票…提供可能由该公司在适当的时候与这本书跑铅经理协商(BRLMs)和其他顾问的任命提议,”信中说,这一问题将由新鲜的问题,标价出售由现有股东的资格。
熔岩成立于2009年,由哈里Om Rai, Shailendra Nath Rai, Vishal Sehgal和苏尼尔•巴拉。哈里Om Rai公司的董事长兼总经理,其他合伙人持有公司的董事职位。岩浆是在印度公司在政府批准的生产与计划(PLI)利用激励通过提高当地生产和出口。
“他们(岩浆)的力量在于理解供应链,设计,和制造业,”塔伦帕沙克,移动的研究主管设备和生态系统对比研究。他补充说,熔岩的优势可以利用在不同类别的产品,包括消费者物联网、智能手机,它的硬件,其中,将本地化在印度,由于PLI推动。
“虽然资本支出将会很高,它会带来长期的利益和其他机会出口和内部具有自主产品的设计和制造,现在它正面临着激烈的竞争。除了这熔岩还拥有强大的离线连接可以通过资金进一步加强,”帕沙克说。
2016年是最好的一年熔岩总收入达到7272卢比。然而,国内业务大幅下降,因为它不能与中国球员与脂肪进入市场营销预算。
熔岩FY19-20站在5269卢比的收入和其国际业务的重大贡献,相比之下,去年5108卢比的报道。净利润达107卢比,而前一年的73卢比。
熔岩,眼下正在进行这样的一个投资800卢比来支持其智能手机业务,扩大生产能力下PLI计划在未来五年。
除了生产自己的品牌设备,岩浆也开始诺基亚和摩托罗拉品牌智能手机通过其合同制造业务。也积极寻找西方公司作为其进军合同制造的一部分。我们一直在与美国电话电报公司(AT&T)和通用电气(GE)这样的公司为他们提供负担得起的智能手机。
<\/span><\/figcaption><\/figure>NEW DELHI: Lava International<\/a> is planning raise Rs1400-1500 crore via an initial public offering (IPO), for which it will file a Draft Red Herring Prospectus (DRHP) by the end of this month, people familiar with the matter said, a move aimed at helping the home-bred handset maker take on its moneyed Chinese rivals.
“The company is moving towards filing DRHP by June-end. The work is on,” one of the people told ET, asking not to be named.
The IPO of the company, co-founded by Hari Om Rai, is likely to be a combination of fresh equity and an offer for sale.
China’s Unic Memory Technology Company Ltd., a Tsinghua group company which holds 3.3% share in Lava<\/a>, is likely to sell at least part of its stake along with some employees. Promoters though are unlikely to sell their stake but “internal discussions are currently on,” a second person said. The Tsinghua group also owns chipmaker Unisoc.
The company, which is also into contract manufacturing, has also written a letter to shareholders seeking their approval for the primary float.
\"The company is exploring options for undertaking an initial public offering of its equity shares...the offer may be undertaken by the company at an appropriate time in consultation with the book running lead managers (BRLMs) and other advisers appointed for the offer,\" the letter said, adding that the issue will consist of fresh issue and offer-for-sale by existing eligible shareholders.
Lava<\/a> was founded in 2009 by Hari Om Rai, Shailendra Nath Rai, Vishal Sehgal and Sunil Bhalla. Hari Om Rai is chairman and managing director of the company while rest of the co-founders hold director positions in the company. Lava is among those Indian companies approved under the government’s Production Linked scheme (PLI) to avail of incentives by boosting local manufacturing and exports.
“Their (Lava’s) strength lies in understanding the supply chain, design, and manufacturing,\" Tarun Pathak, research director of mobile devices<\/a> and ecosystems at Counterpoint Research said. He added that Lava’s strengths can be leveraged across different categories of products including consumer IoT, smartphones, IT hardware, among others, that will be localized in India, due to the PLI push.
Read also<\/h4><\/a><\/figure>Lava holds up IPO, raising funds via rights issue at 30% premium<\/a><\/h5><\/div><\/div><\/div>
“Though the capex will be high, it will bring the long-term benefits and other opportunities like exports and in-house design and manufacturing of self-branded products, where it is facing intense competition as of now. Apart from this Lava also has a strong offline connection that it can strengthen further through the funding,” Pathak said.
The year 2016 was the best year for Lava when its overall revenue reached Rs 7272 crore. However, its domestic business fell drastically because it couldn’t compete with Chinese players that entered the market with fat marketing budgets.
Lava’s revenue for FY19-20 stood at Rs 5269 crore with a major contribution from its international business, compared with Rs 5,108 crore reported for the year ago. Its net profit stood at Rs 107 crore, compared with Rs 73 crore in the previous year.
Lava is currently making an investment of Rs 800 crore to support its smartphone business and expand manufacturing capabilities under the PLI scheme over the next five years.
Besides manufacturing its own branded devices<\/a>, Lava has also started making Nokia and Motorola branded smartphones through its contract manufacturing business. It is also actively looking for western companies as part of its push into contract manufacturing. It has been working with US companies like AT&T and General Electric (GE) to provide them with affordable smartphones.
<\/body>","next_sibling":[{"msid":83170146,"title":"Vodafone Idea appoints Shabnam Syed as EVP of postpaid marketing","entity_type":"ARTICLE","link":"\/news\/vodafone-idea-appoints-shabnam-syed-as-evp-of-postpaid-marketing\/83170146","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"83145429","title":"Lava mobile","entity_type":"IMAGES","seopath":"markets\/ipos\/fpos\/lava-ipo-plan-ready-firm-dials-up-shareholders-for-approval\/lava-mobile","category_name":"Lava IPO plan ready, firm dials up shareholders for approval","synopsis":"Lava has plans to raise Rs 1,400-1,500 crore via the primary offering, sources said. ","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-493189\/83145429.cms?width=150&height=112","link":"\/image\/markets\/ipos\/fpos\/lava-ipo-plan-ready-firm-dials-up-shareholders-for-approval\/lava-mobile\/83145429"}],"msid":83163070,"entity_type":"ARTICLE","title":"Homegrown Lava plans to file DRHP by June-end; Chinese shareholder to dilute holdings post IPO","synopsis":"The IPO of the company, co-founded by Hari Om Rai, is likely to be a combination of fresh equity and an offer for sale.","titleseo":"telecomnews\/lava-ipo-plan-ready-firm-dials-up-shareholders-for-approval","status":"ACTIVE","authors":[{"author_name":"Danish Khan","author_link":"\/author\/479206691\/danish-khan","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479206691.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":true,"msid":479206691,"author_name":"Danish Khan","author_seo_name":"danish-khan","designation":"Senior Editor","agency":false}}],"analytics":{"comments":0,"views":2288,"shares":0,"engagementtimems":7644000},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2021-06-02 15:18:02","lastupd":"2021-06-02 15:18:02","breadcrumbTags":["Lava IPO","Lava shares","Lava share price","Lava","IPO market","Lava listing","Lava stock price","Devices","Lava smartphones","Lava International"],"secinfo":{"seolocation":"telecomnews\/lava-ipo-plan-ready-firm-dials-up-shareholders-for-approval"}}" data-news_link="//www.iser-br.com/news/lava-ipo-plan-ready-firm-dials-up-shareholders-for-approval/83163070">
<\/a><\/figure>Lava holds up IPO, raising funds via rights issue at 30% premium<\/a><\/h5><\/div><\/div><\/div>
“Though the capex will be high, it will bring the long-term benefits and other opportunities like exports and in-house design and manufacturing of self-branded products, where it is facing intense competition as of now. Apart from this Lava also has a strong offline connection that it can strengthen further through the funding,” Pathak said.
The year 2016 was the best year for Lava when its overall revenue reached Rs 7272 crore. However, its domestic business fell drastically because it couldn’t compete with Chinese players that entered the market with fat marketing budgets.
Lava’s revenue for FY19-20 stood at Rs 5269 crore with a major contribution from its international business, compared with Rs 5,108 crore reported for the year ago. Its net profit stood at Rs 107 crore, compared with Rs 73 crore in the previous year.
Lava is currently making an investment of Rs 800 crore to support its smartphone business and expand manufacturing capabilities under the PLI scheme over the next five years.
Besides manufacturing its own branded devices<\/a>, Lava has also started making Nokia and Motorola branded smartphones through its contract manufacturing business. It is also actively looking for western companies as part of its push into contract manufacturing. It has been working with US companies like AT&T and General Electric (GE) to provide them with affordable smartphones.
<\/body>","next_sibling":[{"msid":83170146,"title":"Vodafone Idea appoints Shabnam Syed as EVP of postpaid marketing","entity_type":"ARTICLE","link":"\/news\/vodafone-idea-appoints-shabnam-syed-as-evp-of-postpaid-marketing\/83170146","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"83145429","title":"Lava mobile","entity_type":"IMAGES","seopath":"markets\/ipos\/fpos\/lava-ipo-plan-ready-firm-dials-up-shareholders-for-approval\/lava-mobile","category_name":"Lava IPO plan ready, firm dials up shareholders for approval","synopsis":"Lava has plans to raise Rs 1,400-1,500 crore via the primary offering, sources said. ","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-493189\/83145429.cms?width=150&height=112","link":"\/image\/markets\/ipos\/fpos\/lava-ipo-plan-ready-firm-dials-up-shareholders-for-approval\/lava-mobile\/83145429"}],"msid":83163070,"entity_type":"ARTICLE","title":"Homegrown Lava plans to file DRHP by June-end; Chinese shareholder to dilute holdings post IPO","synopsis":"The IPO of the company, co-founded by Hari Om Rai, is likely to be a combination of fresh equity and an offer for sale.","titleseo":"telecomnews\/lava-ipo-plan-ready-firm-dials-up-shareholders-for-approval","status":"ACTIVE","authors":[{"author_name":"Danish Khan","author_link":"\/author\/479206691\/danish-khan","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479206691.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":true,"msid":479206691,"author_name":"Danish Khan","author_seo_name":"danish-khan","designation":"Senior Editor","agency":false}}],"analytics":{"comments":0,"views":2288,"shares":0,"engagementtimems":7644000},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2021-06-02 15:18:02","lastupd":"2021-06-02 15:18:02","breadcrumbTags":["Lava IPO","Lava shares","Lava share price","Lava","IPO market","Lava listing","Lava stock price","Devices","Lava smartphones","Lava International"],"secinfo":{"seolocation":"telecomnews\/lava-ipo-plan-ready-firm-dials-up-shareholders-for-approval"}}" data-authors="[" danish khan"]" data-category-name="" data-category_id="" data-date="2021-06-02" data-index="article_1">
新德里消息:熔岩国际计划提高rs1400 - 1500卢比的通过首次公开发行(IPO),它将文件草案红鲱鱼招股说明书(DRHP)到本月底,知情人士说,此举旨在帮助国内手机制造商的感天动地有钱的中国竞争对手。
”该公司正朝着申请DRHP June-end。工作上,”一位知情人士告诉ET,要求不透露姓名。
公司的IPO,与哈里Om Rai,可能是新股本和要约出售。
中国尤尼克公司内存技术有限公司,清华集团公司持有3.3%的股份熔岩,很可能至少部分的股份出售给一些员工。启动子虽然不太可能出售所持股份,但“目前内部讨论,”第二个人说。清华集团还拥有芯片制造商Unisoc。
公司,这也是合同制造,还写了一封信向股东寻求批准主要的浮动。
“公司正在探索选项进行首次公开发行(ipo)的股票…提供可能由该公司在适当的时候与这本书跑铅经理协商(BRLMs)和其他顾问的任命提议,”信中说,这一问题将由新鲜的问题,标价出售由现有股东的资格。
熔岩成立于2009年,由哈里Om Rai, Shailendra Nath Rai, Vishal Sehgal和苏尼尔•巴拉。哈里Om Rai公司的董事长兼总经理,其他合伙人持有公司的董事职位。岩浆是在印度公司在政府批准的生产与计划(PLI)利用激励通过提高当地生产和出口。
“他们(岩浆)的力量在于理解供应链,设计,和制造业,”塔伦帕沙克,移动的研究主管设备和生态系统对比研究。他补充说,熔岩的优势可以利用在不同类别的产品,包括消费者物联网、智能手机,它的硬件,其中,将本地化在印度,由于PLI推动。
“虽然资本支出将会很高,它会带来长期的利益和其他机会出口和内部具有自主产品的设计和制造,现在它正面临着激烈的竞争。除了这熔岩还拥有强大的离线连接可以通过资金进一步加强,”帕沙克说。
2016年是最好的一年熔岩总收入达到7272卢比。然而,国内业务大幅下降,因为它不能与中国球员与脂肪进入市场营销预算。
熔岩FY19-20站在5269卢比的收入和其国际业务的重大贡献,相比之下,去年5108卢比的报道。净利润达107卢比,而前一年的73卢比。
熔岩,眼下正在进行这样的一个投资800卢比来支持其智能手机业务,扩大生产能力下PLI计划在未来五年。
除了生产自己的品牌设备,岩浆也开始诺基亚和摩托罗拉品牌智能手机通过其合同制造业务。也积极寻找西方公司作为其进军合同制造的一部分。我们一直在与美国电话电报公司(AT&T)和通用电气(GE)这样的公司为他们提供负担得起的智能手机。
<\/span><\/figcaption><\/figure>NEW DELHI: Lava International<\/a> is planning raise Rs1400-1500 crore via an initial public offering (IPO), for which it will file a Draft Red Herring Prospectus (DRHP) by the end of this month, people familiar with the matter said, a move aimed at helping the home-bred handset maker take on its moneyed Chinese rivals.
“The company is moving towards filing DRHP by June-end. The work is on,” one of the people told ET, asking not to be named.
The IPO of the company, co-founded by Hari Om Rai, is likely to be a combination of fresh equity and an offer for sale.
China’s Unic Memory Technology Company Ltd., a Tsinghua group company which holds 3.3% share in Lava<\/a>, is likely to sell at least part of its stake along with some employees. Promoters though are unlikely to sell their stake but “internal discussions are currently on,” a second person said. The Tsinghua group also owns chipmaker Unisoc.
The company, which is also into contract manufacturing, has also written a letter to shareholders seeking their approval for the primary float.
\"The company is exploring options for undertaking an initial public offering of its equity shares...the offer may be undertaken by the company at an appropriate time in consultation with the book running lead managers (BRLMs) and other advisers appointed for the offer,\" the letter said, adding that the issue will consist of fresh issue and offer-for-sale by existing eligible shareholders.
Lava<\/a> was founded in 2009 by Hari Om Rai, Shailendra Nath Rai, Vishal Sehgal and Sunil Bhalla. Hari Om Rai is chairman and managing director of the company while rest of the co-founders hold director positions in the company. Lava is among those Indian companies approved under the government’s Production Linked scheme (PLI) to avail of incentives by boosting local manufacturing and exports.
“Their (Lava’s) strength lies in understanding the supply chain, design, and manufacturing,\" Tarun Pathak, research director of mobile devices<\/a> and ecosystems at Counterpoint Research said. He added that Lava’s strengths can be leveraged across different categories of products including consumer IoT, smartphones, IT hardware, among others, that will be localized in India, due to the PLI push.
Read also<\/h4><\/a><\/figure>Lava holds up IPO, raising funds via rights issue at 30% premium<\/a><\/h5><\/div><\/div><\/div>
“Though the capex will be high, it will bring the long-term benefits and other opportunities like exports and in-house design and manufacturing of self-branded products, where it is facing intense competition as of now. Apart from this Lava also has a strong offline connection that it can strengthen further through the funding,” Pathak said.
The year 2016 was the best year for Lava when its overall revenue reached Rs 7272 crore. However, its domestic business fell drastically because it couldn’t compete with Chinese players that entered the market with fat marketing budgets.
Lava’s revenue for FY19-20 stood at Rs 5269 crore with a major contribution from its international business, compared with Rs 5,108 crore reported for the year ago. Its net profit stood at Rs 107 crore, compared with Rs 73 crore in the previous year.
Lava is currently making an investment of Rs 800 crore to support its smartphone business and expand manufacturing capabilities under the PLI scheme over the next five years.
Besides manufacturing its own branded devices<\/a>, Lava has also started making Nokia and Motorola branded smartphones through its contract manufacturing business. It is also actively looking for western companies as part of its push into contract manufacturing. It has been working with US companies like AT&T and General Electric (GE) to provide them with affordable smartphones.
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”该公司正朝着申请DRHP June-end。工作上,”一位知情人士告诉ET,要求不透露姓名。
公司的IPO,与哈里Om Rai,可能是新股本和要约出售。
中国尤尼克公司内存技术有限公司,清华集团公司持有3.3%的股份熔岩,很可能至少部分的股份出售给一些员工。启动子虽然不太可能出售所持股份,但“目前内部讨论,”第二个人说。清华集团还拥有芯片制造商Unisoc。
公司,这也是合同制造,还写了一封信向股东寻求批准主要的浮动。
“公司正在探索选项进行首次公开发行(ipo)的股票…提供可能由该公司在适当的时候与这本书跑铅经理协商(BRLMs)和其他顾问的任命提议,”信中说,这一问题将由新鲜的问题,标价出售由现有股东的资格。
熔岩成立于2009年,由哈里Om Rai, Shailendra Nath Rai, Vishal Sehgal和苏尼尔•巴拉。哈里Om Rai公司的董事长兼总经理,其他合伙人持有公司的董事职位。岩浆是在印度公司在政府批准的生产与计划(PLI)利用激励通过提高当地生产和出口。
“他们(岩浆)的力量在于理解供应链,设计,和制造业,”塔伦帕沙克,移动的研究主管设备和生态系统对比研究。他补充说,熔岩的优势可以利用在不同类别的产品,包括消费者物联网、智能手机,它的硬件,其中,将本地化在印度,由于PLI推动。
“虽然资本支出将会很高,它会带来长期的利益和其他机会出口和内部具有自主产品的设计和制造,现在它正面临着激烈的竞争。除了这熔岩还拥有强大的离线连接可以通过资金进一步加强,”帕沙克说。
2016年是最好的一年熔岩总收入达到7272卢比。然而,国内业务大幅下降,因为它不能与中国球员与脂肪进入市场营销预算。
熔岩FY19-20站在5269卢比的收入和其国际业务的重大贡献,相比之下,去年5108卢比的报道。净利润达107卢比,而前一年的73卢比。
熔岩,眼下正在进行这样的一个投资800卢比来支持其智能手机业务,扩大生产能力下PLI计划在未来五年。
除了生产自己的品牌设备,岩浆也开始诺基亚和摩托罗拉品牌智能手机通过其合同制造业务。也积极寻找西方公司作为其进军合同制造的一部分。我们一直在与美国电话电报公司(AT&T)和通用电气(GE)这样的公司为他们提供负担得起的智能手机。
“The company is moving towards filing DRHP by June-end. The work is on,” one of the people told ET, asking not to be named.
The IPO of the company, co-founded by Hari Om Rai, is likely to be a combination of fresh equity and an offer for sale.
China’s Unic Memory Technology Company Ltd., a Tsinghua group company which holds 3.3% share in Lava<\/a>, is likely to sell at least part of its stake along with some employees. Promoters though are unlikely to sell their stake but “internal discussions are currently on,” a second person said. The Tsinghua group also owns chipmaker Unisoc.
The company, which is also into contract manufacturing, has also written a letter to shareholders seeking their approval for the primary float.
\"The company is exploring options for undertaking an initial public offering of its equity shares...the offer may be undertaken by the company at an appropriate time in consultation with the book running lead managers (BRLMs) and other advisers appointed for the offer,\" the letter said, adding that the issue will consist of fresh issue and offer-for-sale by existing eligible shareholders.
Lava<\/a> was founded in 2009 by Hari Om Rai, Shailendra Nath Rai, Vishal Sehgal and Sunil Bhalla. Hari Om Rai is chairman and managing director of the company while rest of the co-founders hold director positions in the company. Lava is among those Indian companies approved under the government’s Production Linked scheme (PLI) to avail of incentives by boosting local manufacturing and exports.
“Their (Lava’s) strength lies in understanding the supply chain, design, and manufacturing,\" Tarun Pathak, research director of mobile devices<\/a> and ecosystems at Counterpoint Research said. He added that Lava’s strengths can be leveraged across different categories of products including consumer IoT, smartphones, IT hardware, among others, that will be localized in India, due to the PLI push.
Read also<\/h4><\/a><\/figure>Lava holds up IPO, raising funds via rights issue at 30% premium<\/a><\/h5><\/div><\/div><\/div>
“Though the capex will be high, it will bring the long-term benefits and other opportunities like exports and in-house design and manufacturing of self-branded products, where it is facing intense competition as of now. Apart from this Lava also has a strong offline connection that it can strengthen further through the funding,” Pathak said.
The year 2016 was the best year for Lava when its overall revenue reached Rs 7272 crore. However, its domestic business fell drastically because it couldn’t compete with Chinese players that entered the market with fat marketing budgets.
Lava’s revenue for FY19-20 stood at Rs 5269 crore with a major contribution from its international business, compared with Rs 5,108 crore reported for the year ago. Its net profit stood at Rs 107 crore, compared with Rs 73 crore in the previous year.
Lava is currently making an investment of Rs 800 crore to support its smartphone business and expand manufacturing capabilities under the PLI scheme over the next five years.
Besides manufacturing its own branded devices<\/a>, Lava has also started making Nokia and Motorola branded smartphones through its contract manufacturing business. It is also actively looking for western companies as part of its push into contract manufacturing. It has been working with US companies like AT&T and General Electric (GE) to provide them with affordable smartphones.
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