Laxmi Organic Industries Limited
- IPO Date15 Mar, 2021 to 17 Mar, 2021
- Listing Date25 Mar, 2021
- Face Value₹2 per share
- Issue Price₹129 to ₹130 per share
- Lot Size115 Shares
- Minimum Investment₹14,950
- Listing AtBSE, NSE
- Total Issue Size-
- Fresh Issue-
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue-
- Shareholding post issue-
IPO Dates
Closing Date
17 Mar, 2021
Initiation of Refunds
24 Mar, 2021
Listing Date
25 Mar, 2021
15 Mar, 2021
Opening Date
22 Mar, 2021
Basis of Allotment
24 Mar, 2021
Credit of Shares
Laxmi Organic Industries Limited Lot Size
Investors can bid for a minimum of 115 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Max) | 13 | 1495 | ₹1,94,350 |
| Retail (Min) | 1 | 115 | ₹14,950 |
Laxmi Organic Industries Limited Promoter Holding
Yellow Stone Trust and Ravi Goenka are the company promoters.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 89.51% | 72.92% |
Laxmi Organic Industries Limited COMPANY INFORMATION
Laxmi Organic IPO is a book built issue of Rs 600.00 crores. The issue is a combination of fresh issue of Rs 300.00 crores and offer for sale of Rs 300.00 crores. Laxmi Organic IPO bidding started from March 15, 2021 and ended on March 17, 2021. The allotment for Laxmi Organic IPO was finalized on Monday, March 22, 2021. The shares got listed on BSE, NSE on March 25, 2021. Laxmi Organic IPO price band is set at ₹129 to ₹130 per share. The minimum lot size for an application is 115 Shares. The minimum amount of investment required by retail investors is ₹14,950. Axis Capital Limited and Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) are the book running lead managers of the Laxmi Organic IPO, while Link Intime India Private Ltd is the registrar for the issue. Refer to Laxmi Organic IPO RHP for detailed information.
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.
Competitive Strengths
- Leading manufacturer of ethyl acetate in India.
- Largest manufacturer of diketene derivative products.
- Diversified customer base across industries.
- Strategically located manufacturing facilities.
- Consistent financial performance.
FAQs About Laxmi Organic Industries Limited
Laxmi Organic Industries Limited will open on 15 Mar, 2021 and close on 17 Mar, 2021. Investors must apply within this period to participate.
The Laxmi Organic Industries Limited price band is set between ₹129.00 and ₹130.00 per share. The minimum lot size is 115, requiring an investment of at least ₹14950.00.
The Laxmi Organic Industries Limited shares are expected to be listed on 25 Mar, 2021, subject to regulatory approvals and final allotment.
You can track your Laxmi Organic Industries Limited application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Laxmi Organic Industries Limited will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.