This is not a new lesson to me, I did a similar lesson a couple of years ago when I taught kindergarten. I just updated it a bit for first grade.
On the first day of school I read the book, A My Name is Alice, as a way to begin introducing everyone in class.
Most of my students do not understand cities or states yet so we just say our names and something we like that begins with the same letter. It is a tricky assignment for the first day and it gives me an idea of their alphabet knowledge.
Then each child picks a sticker from my leftover sticker collection for the first letter of his/her name and completes the page for the class book.
Then I put the class pages in alphabetical order and assemble them in a binder. I do not laminate them, I use page protectors. I like my binder system a lot. The books do not tear apart and they are easy to take apart at the end of the year and give back to the students.
If you would like a copy of my F is for First Grade I have it at my TPT store.