Laxmi Organic Industries Limited

Laxmi Organic Industries Limited IPO Review

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 

DateGMP (in INR)Kostak (in INR)Subject to Sauda (in INR)
22 Mar 2021603006,000
20 Mar 2021703506,000
19 Mar 2021904006,000
18 Mar 20211104506,500
17 Mar 2021904006,000

Listing Performance of Laxmi Organic Industries Limited IPO

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

Ajcon Global – Subscribe for Listing Gains

Anand Rathi –  Subscribe for Long Term

Angel Broking – Subscribe

BP Wealth –  Subscribe

Choice Broking – Subscribe with Caution

Elite Wealth – Subscribe

Hem Securities – Subscribe

Prabhudas Lilladher – Subscribe

SMC Global –  3/5

Ventura Securities – Not Rated

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

 

 

 

 

 

Total

3,25,58,138

2.28

6.05

106.74

Laxmi Organic Industries Limited IPO FAQ's

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.

Laxmi Organic Industries Limited IPO Comments