Laxmi Organic Industries Limited IPO
Laxmi Organic Industries Limited IPO
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Laxmi Organic Industries Limited's has transitioned to a publicly listed entity following its IPO debut on 25-03-2021 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 15-03-2021 and 17-03-2021, reflecting investor appetite for the offering.
Allotment of shares was completed on 22-03-2021, 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.
Laxmi Organic IPO About Company
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."
Laxmi Organic IPO Strength Factors
- 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.
Laxmi Organic IPO Risk Factors
NA
Laxmi Organic IPO Lead Manager(s)
- Axis Capital Limited
- Dam Capital Advisors Limited
Laxmi Organic IPO Promoter(s)
- Yellow Stone Trust
- Ravi Goenka
Laxmi Organic IPO FAQs
Laxmi Organic Industries Limited IPO subscribed 0 times. The public issue subscribed -- times in the retail category,--times in QIB, and -- times in the HNI (10+) category byDecember 24, 2025 10:33:38 AM (Day 24).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Laxmi Organic IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Laxmi Organic IPO FAQs
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