Laxmi Organic Industries IPO Date, Price, GMP, Details

Laxmi Organic IPO

Laxmi Organic IPO subscription open date is Monday, 15 March 2021 and the close date is Wednesday, 17 March 2021. Investors can buy a minimum lot of 115 Shares with a Price Band of ₹ 129 – ₹ 130 Per Equity Share.

Laxmi Organic Industries IPO will be subscribed with a premium of ₹ 128 per equity share & the issue price is 65 times the face value.

Laxmi Organic IPO Details

Open Date15 March 2021
Close Date17 March 2021
Allotment Date22 March 2021
Listing Date25 March 2021
Minimum Quantity (Market Lot)115 Shares
Share Price₹129 – ₹130 Per Equity Share
Face Value₹2 Per Equity Share
One Market Lot Price₹14,950
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Laxmi Organic IPO Date

Open Date15 March 2021
Close Date17 March 2021
Allotment Finalisation22 March 2021
Refund (From ASBA Account)23 March 2021
Share Transfer To Demat Account24 March 2021
Listing Date25 March 2021

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Laxmi Organic IPO Lot Size

ApplicationLotsSharesAmount (Cut-off)
Minimum111514,950
Maximum131495194,350

Laxmi Organic IPO Objectives

Particulars
1. Investment in our wholly owned Subsidiary, Yellowstone Fine Chemicals for part-financing its capital expenditure requirements in relation to the setting up of a manufacturing facility for fluorospecialty chemicals.
2. Investment in YFCPL for funding its working capital requirements.
3. Funding capital expenditure requirements for expansion of our SI Manufacturing Facility.
4. Funding working capital requirements of the Company.
5. Purchase of plant and machinery for augmenting infrastructure development at the SI Manufacturing Facility
6. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company and our wholly owned Subsidiary, Viva Lifesciences Private Limited.
7. General corporate purposes

Laxmi Organic IPO Subscription Status

DateQIB (x)NII (x)Retail (x)Total (x)
15 March 2021
16 March 2021
17 March 2021

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Laxmi Organic IPO GMP

DateGMPKostakSauda
15 March 202180 – 904005000
16 March 202180 – 904005000
17 March 202180 – 904005000

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Laxmi Organic IPO Allotment Status

Investors can Check their Laxmi Organic Industries IPO Allotment Status on Registrar’s website.

You can Check Laxmi Organic Industries IPO Allotment Status On BSE Website.

Laxmi Organic IPO Listing Gains

IPO Listing Day DetailsNSEBSE
IPO Listing Date25 March 202125 March 2021
IPO Cutoff Price₹130₹130
IPO Listing Price
Listing Gains / Per Equity Shares
Listing Gains (%)
Closing Price
Day High
Day Low
Upper Circuit
Lower Circuit
Total Shares Traded

Laxmi Organic Industries IPO Share

IPO Issue Size[●] Shares
Fresh Issue[●] Shares
Offer For Sale[●] Shares
Exchange ListingNSE, BSE

Laxmi Organic Industries Balance sheet

Date30-Sep-2031-Mar-2031-Mar-1931-Mar-18
Total Assets 10,371.3210,706.3310,144.888,947.34
Total Income8,143.5515,386.2115,743.2313,960.75
Total Expense7,581.5614,834.8214,762.6412,827.77
Profit After tax (PAT)454.84702.12723.91756.95

As At / For the year or period ended (Amount In Rs.) (Rs. in Million)

Laxmi Organic Industries Company Details

Company sectorSpeciality Chemicals
Promoters NameYellow Stone Trust And Ravi Goenka
Promoter Shareholding Pattern (Pre Issue)89.51%
Promoter Shareholding Pattern (Post Issue)72.92%

Laxmi Organic Industries Business Overview

Laxmi Organic is the leading manufacturer of Acetyl Intermediates and Specialty Intermediates with almost three decades of experience in the large scale manufacturing of chemicals. Since its inception in 1989, It has been on a journey of transformation. The company initially started manufacturing acetaldehyde and acetic acid in 1992, and soon thereafter moved on to manufacturing ethyl acetate in 1996. It is currently among the largest manufacturers of ethyl acetate in India with a market share of approximately 30% of the Indian ethyl acetate market.

Further, Its post completion of the YCPL Acquisition, its market share in the ethyl acetate market will be further enhanced. In Fiscal 2010, it commenced the manufacturing of the Specialty Intermediates by acquiring Clariant’s diketene business. Laxmi Organic believe that the diversification of our product portfolio into varied chemistries in Specialty Intermediates has enabled It to create a niche for them that is the only manufacturer of diketene derivatives in India with a market share of approximately 55 % of the Indian diketene derivatives market in terms of revenue in Fiscal 2020 and one of the largest portfolios of diketene products.


Its products are currently divided into two broad categories, namely the Acetyl Intermediates and the Specialty Intermediates. The Acetyl Intermediates include ethyl acetate, acetaldehyde, fuel-grade ethanol and other proprietary solvents, while the Specialty Intermediates comprises ketene, diketene derivatives namely esters, acetic anhydride, amides, arylides and other chemicals.

The products find application in various high-growth industries, including pharmaceuticals, agrochemicals, dyes & pigments, inks & coatings, paints, printing & packaging, flavours & fragrances, adhesives and other industrial applications. It also proposes to diversify into the manufacturing of speciality fluorochemicals to which end, it has recently acquired assets including plant & machinery, design and operating paperwork REACH registrations and patents of Miteni, a manufacturer of organic fluorospecialties and electrochemical fluorination. The Company is well placed to enter into the high margin speciality fluorochemicals space through this acquisition.

Laxmi Organic Industries IPO FAQs

What is Laxmi Organic Industries IPO ?

Laxmi Organic Industries IPO is a main-board IPO of [●] equity shares of the face value of ₹ 2 aggregating up to ₹ 600.00 Crores. The Issue price is ₹ 129 to ₹ 130 per equity share.

The Laxmi Organic Industries IPO minimum order quantity is 115 Shares. The IPO opens on Monday, 15 March 2021, and closes on Wednesday, 17 March 2021.

Laxmi Organic Industries Limited IPO will be subscribed with a premium of ₹ 128 per equity share & the issue price is 65 times the face value.

Link Intime is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

What is Laxmi Organic IPO opening and closing date ?

Laxmi Organic IPO open date is Monday,15 March 2021 and the close date is Wednesday, 17 March 2021.

What is the price of Laxmi Organic Indusries IPO ?

Price of Laxmi Organic IPO is ₹129 – ₹130 Per Equity Share.
Price of one lot of Laxmi Organic IPO is ₹14,950.
Investors can buy a minimum lot of 115 Shares with a Price Band of ₹ ₹129 – ₹130 Per Equity Share which will cost ₹14,950 for one lot.

What is the Market lot / Minimum Quantity of Laxmi Organic IPO ?

Market lot or Minimum Quantity of Laxmi Organic IPO is 115 Shares.

What is Laxmi Organic IPO GMP price today ?

Laxmi Organic IPO GMP Price Today is ₹ N/A Per Equity share.

What is Laxmi Organic IPO Subscription Status ?

On the last day of Laxmi Organic IPO Subscription, IPO Gets oversubscribed by • times.
QIB Segment – • times
NII Segment – • times
Retail Segment – • times

What is the Date Of Laxmi Organic IPO Allotment Status ?

Date Of Laxmi Organic IPO Allotment Status is 25 March, 20201.

Where can I check Laxmi Organic IPO Allotment Status ?

You can Check Laxmi Organic IPO Allotment Status on Registrar’s website.
You can also Check Laxmi Organic Industries IPO Allotment Status on BSE Website.

What is the Date Of Laxmi Organic Industries Limited IPO Listing ?

Laxmi Organic Limited IPO listing date is on 25 March, 2021.

What is Laxmi Organic IPO Listing Price ?

Laxmi Organic IPO Listing Gains of ₹ • per equity share, at •% premium, IPO is listed at ₹• on NSE, while IPO gets listed at ₹ • on BSE with Listing Gains of ₹ • per equity share, at •% premium on BSE.

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