Laxmi Organic Industries is a main producer of Acetyl Intermediates and Specialty Intermediates with just about thirty years of involvement with enormous scope assembling of synthetics. The organization at first began fabricating acetaldehyde and acidic corrosive in 1992, and before long continued on to assembling of ethyl acetic acid derivation in 1996. The organization presently has a piece of the pie of roughly 30% of the Indian ethyl acetic acid derivation market. In FY2010, it started producing Specialty Intermediates by gaining Clariant’s diketene business.
Laxmi Organics is presently the lone maker of diketene subsidiaries in India with a portion of the overall industry of roughly 55 % in India as far as income in FY2020. For the a half year finished 30 September 2020 and FY2020, the organization’s income from fares of made items contributed 23.17% and 24.24%, separately, of its income from procedure on an independent premise.
The organization presently has two assembling offices in Mahad, Maharashtra, with one office committed to Acetyl Intermediates (introduced creation limit – 161,320 MTPA) and one more devoted to Specialty Intermediates (introduced creation limit – 78,045 MTPA), which are deliberately situated in closeness to a few ports and one another.
Subscription Dates | 15 – 17 March 2021 |
Price Band | INR129 – 130 per share |
Fresh issue | INR300 crore |
Offer For Sale | INR300 crore |
Total IPO size | INR600 crore |
Minimum bid (lot size) | 115 shares |
Face Value | INR2 per share |
Retail Allocation | 35% |
Listing On | NSE, BSE |
| FY2018 | FY2019 | FY2020 | H1 FY2021 |
Revenue | 1,396.1 | 1,574.3 | 1,538.6 | 814.4 |
Expenses | 1,282.8 | 1,476.3 | 1,483.5 | 758.2 |
Net income | 76.0 | 72.3 | 69.7 | 45.6 |
Net margin (%) | 5.4 | 4.6 | 4.5 | 5.6 |
Earnings Per Share (EPS): INR2.86
Price/Earnings (PE ratio): 45.10 – 45.45
Return on Net Worth (RONW): 16.45%
Net Asset Value (NAV): INR18.97 per share
Date | GMP (in INR) | Kostak (in INR) | Subject to Sauda (in INR) |
22 Mar 2021 | 60 | 300 | 6,000 |
20 Mar 2021 | 70 | 350 | 6,000 |
19 Mar 2021 | 90 | 400 | 6,000 |
18 Mar 2021 | 110 | 450 | 6,500 |
17 Mar 2021 | 90 | 400 | 6,000 |
Company Name | Listed On | Issue Price | Listing Day Close | Listing Day Gain |
Laxmi Organic Industries Limited | Mar 25, 2021 | 130 | 164.6 | 26.62% |
NSE : LXCHEM
BSE : 543277
ISIN CODE : INE576O01020
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IPO Opening Date: 15 March 2021
IPO Closing Date: 17 March 2021
Finalisation of Basis of Allotment: 22 March 2021
Initiation of refunds: 23 March 2021
Transfer of shares to demat accounts: 24 March 2021
Listing Date: 25 March 2021
Opening Price on NSE: INR155.5 per share (up 19.62% from IPO price)
Closing Price on NSE: INR164.45 per share (up 26.5% from IPO price)
Laxmi Organic Industries Limited
Chandermukhi Building,
2nd and 3rd Floor, Nariman Point,
Mumbai – 400021, Maharashtra
Phone: +91 22 49104467
Email: investors@laxmi.com
Website: www.laxmi.com
Link Intime India Private Limited
C-101, 1st Floor,
247 Park Lal Bahadur Shastri Marg,
Vikhroli (West) Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: laxmiorganic.ipo@linkintime.co.in
Website: www.linkintime.co.in
Category | Shares offered | Subscription (no. of times, at 5 PM) | ||
Day 1 | Day 2 | Day 3 | ||
QIB | 93,02,324 | 0.01 | 1.14 | 175.43 |
NII | 69,76,744 | 0.50 | 2.48 | 217.62 |
Retail | 1,62,79,070 | 4.34 | 10.39 | 19.96 |
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Total | 3,25,58,138 | 2.28 | 6.05 | 106.74 |
Laxmi Organic IPO is a main-board IPO of [.] equity shares of the face value of ₹2 aggregating up to ₹600.00 Crores. The issue is priced at ₹129 to ₹130 per equity share. The minimum order quantity is 115 Shares.The initial public offering (IPO) begins on Mar 15, 2021,and ends on Mar 17, 2021.The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the BSE and NSE.
The Laxmi Organic IPO opens on Mar 15, 2021 and closes on Mar 17, 2021.
Laxmi Organic IPO lot size is 115 Shares and the minimum order quantity is 115 Shares.
LAXMI ORGANIC IPO can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications..Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.
The Basis of Allotment for Laxmi Organic IPO will be done on Mar 22, 2021, and the allotted shares will be credited to your demat account by Mar 24, 2021. Check the Laxmi Organic IPO allotment status.
The Laxmi Organic IPO listing date is on Thursday, March 25, 2021.
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