Lava International Stole Fame By Breaking The Guinness World Record
Who doesn’t know about Lava International? It is one of the fastest-growing companies in the mobile handset industry, which is known for its affordable smartphone devices. Not only is the company known for its smartphone devices, but also for its unlisted shares. However, the company is in the headlines today for breaking the Guinness world record. How does this record impact Lava International share price? If you’re a potential investor seeking to invest in Lava International unlisted shares, you must know about the record made by the company and the company’s performance. Without much ado, let’s get started.
Lava International: An Overview
Founded in 2009, LAVA International is an Indian multinational company in the mobile handset industry. For its innovative and state-of-the-art smartphones, the company emerged as a market leader in several countries, 4th largest in India, 2nd largest in Thailand, 3rd largest in Sri Lanka, and 5th largest in Bangladesh. The demand for its smartphones went so high that it resulted in the company’s expansion in the continent of Africa. Moreover, the company has a wide range of product portfolios, which entails feature phones, tablets, and smartphones with multiple models suitable to all categories of consumers.
Lava Creates “Guinness World Record,” How?
The leading Indian mobile manufacturing company, Lava International, achieved a Guinness World Record, titled with Patriotic Twist, for creating the largest mosaic made of smartphones in the shape of the Indian flag at an event in DLF Mall of India. This record was attained using 1206 smartphones in the mall, which also included Lava Blaze 2 smartphones. An official adjudicator from the Guinness World Record was there who confirmed the authenticity of the achievement.
Sunil Raina, the president and business head of Lava International, expressed his pride and gratitude in India for breaking this record. The record was achieved on the 77th Independence Day of India. He further emphasised the importance of this achievement, highlighting the company’s success and Agni 2 as a testament to the potential of Indian tech products.
Company Aims To Click 1000 Selfies To Claim The Award
Since it is the most significant achievement of the company, it is now preparing for the longest selfie photographs relay chain at the Indian Institute Of Technology (IIT) Delhi annual festival. The company aims to click 1,000 selfies in a rally on the third day of the festival at the Lava selfie booth to claim the world record, as per the statement made by the company.
Lava claimed they have worked with the IIT Delhi event team and ensured they adhere to the guidelines specified by the Guinness World Record. The company said that selfies will be taken by Lava Iris X5, a new smartphone launched by the company, which is particularly known for its selfies.
Portfolio Expansion With The Achievement
As the company entered the Guinness World Record, it launched a wide range of smartphones, including Agni 5, Blaze 5G, and Yuva 2 Pro. On August 31, 2021, the company claimed to have an aggregate production capacity of 42.52 million features similar to handsets annually. As per the Counterpoint Research report, Lava recorded 53% year-on-year growth during the second quarter of 2023. The pathbreaking performance of the company helped them achieve the Guinness World Record, which further led to their portfolio expansion.
Lava International IPO Journey
Domestic handset device maker Lava International filed its DRHP with SEBI on September 27, 2021. The IPO consists of a fresh issue of Rs. 500 crore and an offer for sale of up to Rs. 43,727 603 equity shares. The company is also considering a private placement worth Rs. 100 crore, which can be dedicated to the amount of fresh issues. Shares are offloaded by companies like Tupperware Kitchenware and Unic Memory Technology. Though the IPO of the company is still under process, it is an excellent opportunity for potential investors who are seeking to invest in Lava International unlisted shares. An early investment in the company will allow you to earn a high return on your investment.
Invest In Lava International Pre-IPO Shares With Stockify
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