
Laxmi Organic Industries Limited IPO
Mainboard₹14,950 / 115 Shares
Laxmi Organic Industries Limited IPO Details
The Laxmi Organic Industries Limited IPO price band is set between ₹129-130 per equity share, with a face value of ₹2 per share. The issue is managed by Link Intime India Private Ltd, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 15 Mar, 2021 and closes on 17 Mar, 2021. Investors can check the allotment status on 22 Mar, 2021, while the listing date is tentatively scheduled for 25 Mar, 2021.
The total issue size is N/A Eq Shares of ₹2 , aggregating up to ₹600.00 Cr. Stay tuned for the latest Laxmi Organic Industries Limited IPO review and GMP updates.
Laxmi Organic Industries Limited IPO Review, Rating & Analysis
Laxmi Organic Industries Limited IPO Review
NO REVIEWLaxmi Organic Industries Limited IPO Rating
Laxmi Organic Industries Limited IPO Highlights
IPO Date
Mar 15, 2021 - Mar 17, 2021
Listing Date
25 Mar, 2021
Face Value
₹2 Per Equity Share
Price Band
₹129-130 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE, NSE
Laxmi Organic Industries Limited IPO Lot Size
The minimum market lot for Laxmi Organic Industries Limited IPO is 115 shares with an application amount of ₹14,950. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 115 | ₹14,950 |
| Retail (Max) | 13 | 1495 | ₹1,94,350 |
| S-HNI (Min) | 14 | 1610 | ₹2,09,300 |
| S-HNI (Max) | 66 | 7590 | ₹9,86,700 |
| B-HNI (Min) | 67 | 7705 | ₹10,01,650 |
Laxmi Organic Industries Limited IPO Timeline
Issue Price
₹129-130 per equity shareFace Value
₹2 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdLead Manager
Axis Capital Limited, DAM Capital Advisors Ltd (Formerly IDFC Securities Ltd)Issue Size
N/A Eq Shares of ₹2 (aggregating up to ₹600.00 Cr)Laxmi Organic Industries Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Sep 20 | 1037.13 | 814.35 | 45.48 | - | - | - |
| 31 Mar 20 | 1070.63 | 1538.62 | 70.21 | - | - | - |
| 31 Mar 19 | 1014.48 | 1574.32 | 72.39 | - | - | - |
| 31 Mar 18 | 894.73 | 1396.07 | 75.69 | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Yellow Stone Trust
- Ravi Goenka
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 89.51% | 72.92% |
About Company
Laxmi Organic Industries Ltd is a speciality chemical manufacturer that operates in 2 business segments; Acetyl Intermediates (AI) and Speciality Intermediates (SI). It is the leading manufacturer of ethyl acetate with over 30% market share in the Indian ethyl acetate market and the only manufacturer of diketene derivatives in India.
Its AI segment includes ethyl acetate, acetaldehyde, fuel-grade ethanol and other proprietary solvents whereas SI segment includes ketene, diketene derivatives namely esters, acetic anhydride, arylides, amides, and other chemicals. Its products are being used in various industries like pharmaceuticals, agrochemicals, inks & coatings, dyes & pigments, paints, printing & packaging, etc. Alembic Pharmaceuticals Limited, Laurus Labs Limited, Granules India Limited, Hetero Labs Limited, Heubach Colour Private Limited, Hubergroup India Private Limited, Huhtamaki India Limited, Macleods Pharmaceuticals Private Limited, Suven Pharmaceuticals Limited, Colourtex Industries Private Limited, and UPL Limited are some of its customers.
The company has global footprint with customers in 30 countries including but not restricted to China, Russia, Singapore, UAE, UK, USA, Netherland, etc. Currently, it has 2 manufacuring facilities in Mahad, Maharashtra for manufacturing of AI and SI products. It is also proposing to set-up a new manufacturing facility at Lote Parshuram, Maharashtra to manufacture flurospecialty chemicals.
Laxmi Organic Industries Limited IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 93,02,324 | 69,76,744 | 1,62,79,070 | 3,25,58,138 |
Day 1 -15-03-21 05:00 PM | 0.01 x | 0.50 | 4.34 x | 2.27 x |
Day 2 -16-03-21 05:00 PM | 1.14 x | 2.48 | 10.39 x | 6.05 x |
Day 3 -17-03-21 05:00 PM | 175.43 x | 217.62 | 19.96 x | 106.74 x |
Frequently Asked Questions about Laxmi Organic Industries Limited IPO IPO
When will Laxmi Organic Industries Limited IPO open for subscription?
The Laxmi Organic Industries Limited IPO opens on 15 Mar, 2021 and closes on 17 Mar, 2021.
What is the investors portion for Laxmi Organic Industries Limited IPO?
The investors' portion for QIB is 175.43 x, NII is 217.62, and Retail is 19.96 x.
How to apply for Laxmi Organic Industries Limited IPO?
You can apply for Laxmi Organic Industries Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Laxmi Organic Industries Limited IPO?
The issue size of Laxmi Organic Industries Limited IPO is approx ₹N/A Eq Shares of ₹2 (aggregating up to ₹600.00 Cr) crores.
What is the price band of Laxmi Organic Industries Limited IPO?
The price band for Laxmi Organic Industries Limited IPO is ₹129 to ₹130 per equity share.
What is the lot size of Laxmi Organic Industries Limited IPO?
The minimum bid (lot size) for Laxmi Organic Industries Limited IPO is N/A shares with an investment of approx ₹14,950 .
What is the allotment date of Laxmi Organic Industries Limited IPO?
The allotment date for Laxmi Organic Industries Limited IPO is 22 Mar, 2021.
What is the listing date of Laxmi Organic Industries Limited IPO?
The listing date for Laxmi Organic Industries Limited IPO is expected to be 25 Mar, 2021.
What is the GMP of Laxmi Organic Industries Limited IPO?
The latest Grey Market Premium (GMP) for Laxmi Organic Industries Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.
