Laxmi Organic Industries initial public offering (IPO) is scheduled to open for subscription next week on March 15, 2021. The issue comprises a fresh issue of equity shares worth Rs 300 crore and offer-for-sale (OFS) of Rs 300 crore by the promoter Yellow Stone Trust, according to the red herring prospectus (RHP) filed. The book running lead managers to the Mumbai-based Laxmi Organic are Axis Capital Ltd and DAM Capital Advisors Ltd (formerly known as IDFC Securities Limited), while the registrar to the issue will be Link Intime India Private Ltd. The public issue will close for subscription on March 17, 2021.
Laxmi Organic Industries incorporated in 1989 based in Maharashtra. The company is manufacturer of speciality chemical. They are operating 2 business segments 1.Acetyl Intermediates (AI) and 2.Speciality Intermediates (SI). They are one of the leading manufacturer of ethyl acetate with 30% of market share and only manufacturer of diketene derivatives in India. They are exporting their products in 30 countries like China, Russia, Singapore, UAE, UK, USA, Netherland, etc. They have their 2 manufacturing facilities at Maharashtra. Checkout Laxmi Organic IPO date, price band and more details.
Laxmi Organic IPO Review
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Laxmi Organic IPO Date & Price Band
| IPO Opening Date | Mar 15, 2021 |
| IPO Closing Date | Mar 17, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹2 per equity share |
| IPO Price | Rs.129 to Rs.130 per equity share |
| Market Lot | 115 Shares |
| Min Order Quantity | 115 Shares |
| Listing At | BSE, NSE |
| Issue Size | Eq Shares of ₹2 (aggregating up to ₹600.00 Cr) |
| Fresh Issue | Eq Shares of ₹2 (aggregating up to ₹300.00 Cr) |
| Offer for Sale | Eq Shares of ₹2 (aggregating up to ₹300.00 Cr) |
Laxmi Organic IPO Market Lot
| Minimum Lot Size: | Minimum 115 Shares |
| Minimum Amount: | ₹ 14,950 |
| Maximum Lot Size: | Maximum 1495 Shares |
| Maximum Amount: | ₹ 1,94,350 |
Laxmi Organic IPO Tentative Timetable
The Laxmi Organic IPO open date is Mar 15, 2021, and the close date is Mar 17, 2021. The issue may list on Mar , 2021.
| IPO Open Date | Mar 15, 2021 |
| IPO Close Date | Mar 17, 2021 |
| Basis of Allotment Date | Mar 22, 2021 |
| Initiation of Refunds | Mar 23, 2021 |
| Credit of Shares to Demat Account | Mar 24, 2021 |
| IPO Listing Date | Mar 25, 2021 |
Laxmi Organic IPO Form
How to apply the Laxmi Organic IPO? You can apply Laxmi Organic IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Laxmi Organic IPO in the Invest section. The other option you can apply Laxmi Organic IPO via IPO forms download via NSE and BSE. Check out the Laxmi Organic forms - click NSE Forms & BSE Forms blank IPO forms download, fill and submit in your bank or with your broker.
Laxmi Organic Company Financial Report
| Particulars | For the year/period ended (₹ in millions) | |||
|---|---|---|---|---|
| 30-Sep-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Assets | 10,371.32 | 10,706.33 | 10,144.88 | 8,947.34 |
| Total Revenue | 8,143.55 | 15,386.21 | 15,743.23 | 13,960.75 |
| Profit After Tax | 454.84 | 702.12 | 723.91 | 756.95 |
Company Promoters
- Yellow Stone Trust
- Ravi Goenka
Read Also:- Laxmi Organic IPO GMP
About Laxmi Organic
Incorporated in 1989, Laxmi Organic Industries Ltd is a specialty chemical manufacturer that operates in 2 business segments; Acetyl Intermediates (AI) and Specialty 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 the 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 a global footprint with customers in 30 countries including but not restricted to China, Russia, Singapore, UAE, UK, USA, Netherland, etc. Currently, it has 2 manufacturing facilities in Mahad, Maharashtra for the manufacturing of AI and SI products. It is also proposing to set-up a new manufacturing facility at Lote Parshuram, Maharashtra to manufacture four specialty chemicals.
Laxmi Organic IPO Prospectus
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270
Email: laxmiorganic.ipo@linkintime.co.in
Website: http://www.linkintime.co.in
Laxmi Organic IPO Lead Managers
- Axis Capital Limited
- DAM Capital Advisors Ltd (Formerly IDFC Securities Ltd)
Company Address
Laxmi Organic Industries Limited
A-22/2/3, MIDC,
Mahad, Raigad– 402 309
Phone: +91-2145-232424
Email: investors@laxmi.com
Website: http://www.laxmi.com/
Laxmi Organic IPO FAQs
When Laxmi Organic IPO will open for QIB, NII, and Retail?
The IPO is to open on 15 March 2021 for QIB, NII, and Retail Investors.
What is Laxmi Organic IPO Investors Portion?
The investors' portion for QIB-50%, NII-15%, and Retail 35%.
How to Apply the Laxmi Organic IPO?
You can apply Laxmi Organic IPO via ASBA online via your bank account. You can apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply the Laxmi Organic IPO through Zerodha?
Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name "Laxmi Organic". Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
What is Laxmi Organic IPO Size?
Laxmi Organic IPO size is ₹600 crore.
What is Laxmi Organic IPO Price Band?
Laxmi Organic IPO Price Band is ₹129 - ₹130 .
What is Laxmi Organic IPO Minimum and Maximum Lot Size?
The minimum bid is 115 Shares with ₹14950 amount while maximum bid is 1495 shares with ₹ 1,94,350.
What is Laxmi Organic IPO Allotment Date?
Laxmi Organic IPO allotment date is 22 March 2021.
What is Laxmi Organic IPO Listing Date?
Laxmi Organic IPO listing date is 25 March 2021. The IPO to list on BSE and NSE.
