Laxmi Organic Industries Limited
IPO Details
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Company Fin.
₹40(30.77%)
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Laxmi Organic Industries Limited's has transitioned to a publicly listed entity following its IPO debut on Mar 25, 2021 at the NSE, BSE exchange. The public offering successfully raised 4,61,53,846 Shares, consisting of 2,30,76,923 Sharesin new capital and ₹300.00 Cr in existing shareholder sales.
The IPO featured a competitive price range of ₹129 to ₹130 and minimum application size of 115 shares. Market reception was evidenced through subscription activity between Mar 15, 2021 and Mar 17, 2021, reflecting investor appetite for the offering.
Allotment of shares was completed on Mar 22, 2021, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 1989, Laxmi Organic Industries Ltd is a leading specialty chemical manufacturer operating in Acetyl Intermediates and Specialty Intermediates, with a dominant position in ethyl acetate holding over 30% market share in India and being the only producer of diketene derivatives in the country; its product portfolio includes ethyl acetate, acetaldehyde, fuel-grade ethanol, ketene, and various diketene-based chemicals used across pharmaceuticals, agrochemicals, paints, inks, dyes, printing, and packaging industries, serving marquee customers such as Alembic Pharma, Laurus Labs, Granules India, Hetero Labs, UPL, and others, with a global presence across 30 countries including the USA, UK, China, and UAE, and manufacturing operations at two plants in Mahad, Maharashtra along with a proposed new facility at Lote Parshuram.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Leading Ethyl Acetate Producer: One of India’s top manufacturers of ethyl acetate.
- Largest Diketene Derivatives Maker: Market leader in diketene-based products.
- Diversified Customers: Serves multiple industries with a broad client base.
- Strategic Manufacturing: Facilities located for efficient operations and logistics.
- Consistent Financials: Proven track record of steady financial performance.
NA
- Yellow Stone Trust
- Ravi Goenka
Laxmi Organic Industries Limited
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