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Laxmi Organic Industries Ltd IPO: Price, Allotment, Listing, Subscription, Gmp

Laxmi Organic Industries Ltd IPO: Laxmi Organic Industries, whose initial public offer (IPO) will hit the market alongside Craftsman Automotive on March 15, has fixed a price band of Rs 129-130 per share for its issue. The Rs 600 crore issue comprises issuance of fresh equity shares aggregating up to Rs 600 crore and an offer for sale (OFS) of shares aggregating up to Rs 300 crore. 

Laxmi Organic Industries Ltd IPO
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Laxmi was set up nearly three decades ago with the objective of manufacturing alcohol-based chemicals. In our early days, we focused primarily on the production of bulk chemicals.

Subsequently, they progressed up the value chain and started producing ethanol downstream, and pioneered the manufacturing of solvents in India. Due to their high standards in quality and meticulous focus on customer satisfaction, they became one of the preferred partners of choice of pharmaceutical companies and ink manufacturers. In the past decade, they have expanded their capabilities to specialty intermediates. The addition of Diketene to their product portfolio has solidified their position as a leading manufacturer of fine and specialty chemicals in the country.

In the coming years, they aim to establish themselves as a leader in speciality intermediates and become the growth partner of choice to global
Life Sciences, Crop Sciences, and Pigments companies.

Promotors of Laxmi Organic Industries Ltd

  • Ravi Goenka, aged 58 years, is the Chairman and Managing Director of the Company.
  • Satej Nabar, aged 56 years, is an Executive Director and Chief Executive Officer of the Company.
  • Harshvardhan Goenka, aged 31 years, is an Executive Director – Business Development and Strategy of the Company.

Financials of Laxmi Organic Industries Ltd

 Particulars (INR & Millions)30-Sep-2031-Mar-2031-Mar-1931-Mar-18
Total Assets10,371.3210,706.3310,144.888,947.34
Total Revenue8,143.5515,386.2115,743.2313,960.75
Profit After Tax454.84702.12723.91756.95

Laxmi Organic Industries Ltd IPO Details

SymbolLXCHEM
Issue Period15-Mar-2021 to 17-Mar-2021
Post issue Modification Period18-Mar-2021 (10.00 A.M. to 11.00 A.M.)
Cut-off time for UPI Mandate Confirmation18-Mar-2021 (upto 12:00 PM)
Issue SizeInitial Public offer of [.] Equity Shares aggregating up to Rs. 6,000.00 million comprising a fresh issue of up to Rs.3,000.00 million and an offer for sale of up to Rs. 3,000 million
Issue Type100% Book Building
Price RangeRs.129 to Rs.130
Face ValueRs.2
Tick SizeRe 1
Bid Lot115 Equity Shares and in multiples thereof
Minimum Order Quantity115 Equity Shares
Maximum Subscription Amount for Retail InvestorRs. 2,00,000
IPO Market Timings10.00 a.m. to 5.00 p.m.
Book Running Lead ManagersDAM Capital Advisors Limited (formerly known as IDFC Securities Limited) and Axis Capital Limited
Sponsor BankHDFC Bank Limited
Name of the RegistrarLink Intime India Private Limited
Address of the RegistrarC101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai – 400 083, Maharashtra
Contact person name number and Email idShanti Gopalkrishnan,
+91 22 4918 6200, laxmiorganic.ipo@linkintime.co.in

Laxmi Organic Industries Ltd IPO Latest Grey Market Premium (GMP)

DATEOFFER PRICEGREY MARKET PREMIUMKOSTAK RATES
16.03.2021₹ 130₹ 90-100₹ 400
15.03.2021₹ 130₹ 90-100₹ 400
14.03.2021₹ 130₹ 90-100₹ 400
13.03.2021₹ 130₹ 90-100₹ 400
12.03.2021₹ 130₹ 110-120₹ 450
11.03.2021₹ 130₹ 80-90₹ 400
10.03.2021₹ 130₹ 80-90₹ 350
09.03.2021₹ 130₹ 120-125₹ 300
08.03.2021₹ 130₹120-125₹ 300

Tentative Date/ Timetable of Laxmi Organic Industries Ltd IPO

Bid/Offer Opens OnMar 15, 2021
Bid/Offer Closes OnMar 17, 2021
Finalization of Basis of AllotmentMar 22, 2021
Initiation of RefundsMar 23, 2021
Credit of Shares to Demat AcctMar 24, 2021
IPO Shares Listing DateMar 25, 2021

IPO Subscription Details of Laxmi Organic Industries Ltd

SUBSCRIPTION
(CATEGORY WISE)
SHARES
OFFERED
DAY 1DAY 2DAY 3
QIB9,302,3240.01x
NII6,976,7440.49x
Retail16,279,0704.34x
Total32,558,1382.28x

IPO Allotment status of Laxmi Organic Industries Ltd

Laxmi Organic Industries Ltd Allotment Status can be checked here by clicking to find the IPO Allotment Status. Allotment of Equity Shares as per the Fresh Issue and move of the Offered Shares of the Promoter Selling Shareholders compliant with the Offer available to be purchased to the effective Bidders.

Company Contact Information

Laxmi Organic Industries Ltd.
A-22/2/3, MIDC,
Mahad, Raigad– 402 309

Phone: +91-2145-232424
Email: investors@laxmi.com
Website: http://www.laxmi.com/

Laxmi Organic Industries Ltd IPO Registrar

Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083

Phone: +91-22-4918 6270
Email: laxmiorganic.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

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