Lava International plans IPO in next 3-5 years, to raise market share to 25%

Homegrown mobile handset maker Lava International has said that the company would come out with an initial public offering (IPO) over the next three-five years, as the company targets to achieve a market share of around 25 percent, from around five percent right now. The company which is completing 15 years of its existence on Wednesday (March 27), also said that it will invest ₹500 crore in research and development (R&D) and marketing over the next two years.