Laxmi Organic Industries Limited IPO

IPO Status: Closed [15th Mar 2021 to 17th Mar 2021]

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About Laxmi Organic IPO

Laxmi Organic Industries Ltd, a specialty chemical manufacturing company is coming with an IPO of Rs. 600 crore comprising a fresh issue of Rs. 300 Cr and Offer for sale of Rs. 300 Cr to list on the BSE and NSE. The mainline IPO opens on 15 March and closes on 17 March. The IPO Lot size is 115 shares and price band is Rs. 129-130. The floor price is 64.50 times and cap price is 65 times of the face value. Stay updated here to know everything about Laxmi Organic IPO detail including issue size, important dates, DRHP, RHP, business overview, strengths, risks, GMP, Live Subscription, Allotment, and Recommendations.

About the company - Laxmi Organic Industries Limited

Laxmi Organic is a specialty chemical manufacturing company. The key business segments of the company are Acetyl Intermediates and Specialty Intermediates (AI & SI). The AI business segment comprises ethyl acetate, acetaldehyde, fuel-grade ethanol, and other proprietary solvents, while the SI unit includes ketene, diketene derivatives namely esters, acetic anhydride, amides, arylides, and other chemicals. It is among the largest manufacturers of ethyl acetate with approx 30% share in India and also the single manufacturer of diketene products in India having a market share of approx 55% in the Indian diketene derivatives market.

Its chemicals are being used by various industries such as pharmaceuticals, dyes & pigments, paints, agrochemicals, inks & coatings, printing, packaging, etc. Naming a few, Syngenta Asia Pacific Pte. Ltd., Alembic Pharmaceuticals Limited, Covestro (India) Private Limited, Dr. Reddy’s Laboratories Limited, Flint Group India Private Limited, Granules India Limited, Hetero Labs Limited, Huhtamaki India Limited, Laurus Labs Limited, Macleods Pharmaceuticals Private Limited, Neuland Laboratories Limited, Parikh Packaging Private Limited, Suven Pharmaceuticals Limited, etc. are its customers.

Currently, the firm has 2 manufacturing facilities; one is an AI Manufacturing facility and another is an SI Manufacturing facility in Mahad, Maharashtra with an aggregated installed capacity of 161,320 MTPA and 78,045 MTPA respectively. It also has 2 distilleries; Jarandeshwar Distillery in Satara District and Panchgana Distillery in Kolhapur district to manufacture ethanol or specially denatured spirit.

Laxmi Organic IPO Objective

  • To invest in wholly-owned subsidiary, Yellowstone Fine Chemicals Pvt Ltd (YFCPL) to set up a new manufacturing unit for for fluorospecialty chemicals.
  • To meet working capital requirements of our company and subsidiary, YFCPL.
  • To raise funds for capital expenditure requirements of its Speciality Intermediates manufacturing unit expansion.
  • To invest in plant and machinery for SI manufacturing facility.
  • To make repayment/pre-payment of certain borrowings of Laxmi Organic and subsidiary, Viva Lifesciences Pvt Ltd (VLPL)
  • To meet general corporate purposes.

Laxmi Organic IPO Issue break-up

Issue break-up
Category No. of Shares INR in Cr %
QIB 23,255,812-23,076,922 300 50%
NIB 6,976,744-6,923,077 90 15%
Retail 16,279,070-16,153,847 210 35%
Total 46,511,626-46,153,846 600 100%

Laxmi Organic IPO Details

Laxmi Organic IPO details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.

Laxmi Organic IPO Details
Laxmi Organic Issue Details Values
IPO Category: Mainline
IPO Issue Type: Book Built Issue IPO
IPO Issue Size: ₹600 Cr.
Offer for Sale: ₹300 Cr.
Fresh Issue: ₹300 Cr.
Face Value: ₹2 Per Equity Share
IPO Issue Price: ₹129-130
IPO Discount: NA
Market Lot: 115 Shares
Min Retail Qty: 115 shares (1 lot)
Max Retail Qty: 1495 shares (13 lots)
Promoter Holding Pre IPO: 89.51%
Promoter Holding Post IPO: 72.92%
IPO Listing At: BSE, NSE
BSE Code: 543277
NSE Code: LXCHEM

Laxmi Organic IPO Live Subscription (NSE + BSE)

The table below is live update of IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 9,302,324 Shares
  • Non-Institutional Investors: 6,976,744 Shares
  • Retail Individual Investor: 16,279,070 Shares
IPO Bidding Live Updates from BSE + NSE
Day QIBNIIRIITotal
 # of Shares Offered9,302,3246,976,74416,279,07032,558,138
115th Mar 2021 05:020.01x0.49x4.34x2.28x
216th Mar 2021 05:021.15x2.48x10.38x6.05x
317th Mar 2021 06:51175.43x217.62x20.10x106.81x

Laxmi Organic Financials for past 3 Years

Past performance and financial results of Laxmi Organic.

Laxmi Organic financial
Laxmi Organic Industries Limited 30-Sep-2020 31-Mar-2020 31-Mar-2019 31-Mar-2018
Total Assets ₹1,037.13 Cr ₹1,070.63 Cr ₹1,014.49 Cr ₹894.73 Cr
Total Income ₹814.36 Cr ₹1,538.62 Cr ₹1,574.32 Cr ₹1,396.07 Cr
Net Profit/Loss ₹45.48 Cr ₹70.21 Cr ₹72.39 Cr ₹75.69 Cr

Laxmi Organic IPO Strengths

  • Only Indian manufacturer of diketene derivatives product.
  • Among the largest manufacturer of ethyl acetate in India.
  • Diversified customer base across high-growth industries.
  • Strategically located AI and SI manufacturing plants in Mahad, Maharashtra.
  • In-house research and development (R&D) capabilities.
  • Global reach with customers in 30+ countries.
  • Looking to set up a new product pipeline by setting up a manufacturing plant for fluorospecialty chemicals.

Laxmi Organic IPO Threats/Weaknesses

  • COVID-19 Virus outbreak globally has affected its revenues and financial performance.
  • A rise in the cost of raw materials will negatively affect its product pricing.
  • Dependence upon third-party transportation and logistic services.
  • A significant portfolio of revenue is generated from the AI segment thus demand shortfall on any account may affect its financial condition.

Laxmi Organic IPO Important Dates

In this section we have covered all important dates related to Laxmi Organic IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.

Laxmi Organic IPO important dates
IPO Activity Date
IPO Issue Open Date 15th Mar 2021
IPO Issue Close Date 17th Mar 2021
Basis of Allotment Finalisation Date* 22nd Mar 2021
Refunds Initiation* 23rd Mar 2021
Credit of Shares to Demat Account* 24th Mar 2021
IPO Listing Date* 25th Mar 2021

* - Tentative Dates

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  NRI Form ⇒

Laxmi Organic IPO DRHP >>Document

Laxmi Organic IPO RHP >>Document

Laxmi Organic IPO Allotment Status >>Link

Company Address

Laxmi Organic Industries Limited
A-22/2/3, MIDC, Mahad
Mahad, Raigad - 402 309, Maharashtra, India
Website: http://www.laxmi.com/
Email: [email protected]
Phone: +91-2145-232424

Registrar

Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270
Email: [email protected]
Website: http://www.linkintime.co.in

Lead Manager

  1. Axis Capital Limited.
  2. DAM Capital Advisors Limited
Laxmi Organic IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Laxmi Organic? Should I apply in Laxmi Organic IPO?

Last Updated on 2021-03-24T12:29:49+00:00

Laxmi Organic IPO FAQs

  1. 1. How to subscribe Laxmi Organic IPO with Zerodha?

    Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Laxmi Organic IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Laxmi Organic IPO with Zerodha.

    Alternate approch to apply in Laxmi Organic IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

    Laxmi Organic IPO Review and Important Updates

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  2. 2. How to apply in Laxmi Organic IPO online?

    Apply in Laxmi Organic IPO online

    To subscribe or apply in Laxmi Organic IPO, you can use the following methods:

    Laxmi Organic IPO Applying ModeMethodDetails
    Online Application3-in-1 Trading Account

    If your broker is 3-in-1 service provider, you can apply in Laxmi Organic IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

    Online Application2-in-1 Trading Account

    Brokers like Zerodha, TradeSmart Online provides access to applying in Laxmi Organic IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

    Online ApplicationASBA

    This is one of the most popular mode of applying in Laxmi Organic IPO. Most of the Syndicate Banks provide access to apply in Laxmi Organic IPO via ASBA process. You must have your net banking access, DP ID information to apply in Laxmi Organic IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

    Offline ApplicationPhysical Form

    You can apply in Laxmi Organic IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

    Laxmi Organic IPO Review and Important Updates

    Other relevant question on same topics are:

    Where to subscribe Laxmi Organic IPO? Where to apply for Laxmi Organic IPO? How to subscribe Laxmi Organic IPO online? Laxmi Organic IPO where to apply? Where to buy Laxmi Organic IPO online? How to buy Laxmi Organic IPO online? How to purchase Laxmi Organic IPO? How to get Laxmi Organic IPO? How to book Laxmi Organic IPO? How to invest Laxmi Organic IPO? Laxmi Organic IPO kaise buy kare?

     

  3. 3. How to download online application form for Laxmi Organic IPO?

    Applying in Laxmi Organic IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Laxmi Organic IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.

    For more details on how to use UPI payment method to apply Laxmi Organic IPO, please refer article >> Link

    Laxmi Organic IPO Review and Important Updates

    Steps to download the online application form for Laxmi Organic IPO

    • Step1:Click here.
    • Step2: Click on “Bid-cum Application Form Download
    • Step3: Above Step will open an online form.
    • Step4: Enter your Name, PAN, DP Type, DP Information, UPI No, Bank information (Do not enter), Address, email, phone, Transaction Type - "ASBA".
    • Step5: Fill bid details - min 115 and max 1495 shares (13 lots).
    • Step6: Now fill the character given in Box, read and agree on terms and conditions and click on the download button.
    • Step7: This will fill your application online and give you a pdf file.
    • Step8: Take a print of this document and go to your bank for UPI transactions.
    • Or

    • You can download “Blank Application Form Download” and fill all the required filed and submit to the nearest bank for UPI transaction.

    Other relevant questions:

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  4. 4. What is the listing date of Laxmi Organic IPO?

    Laxmi Organic IPO is going to be list on 25-03-2021. NSE Code for Laxmi Organic is LXCHEM. BSE Code for Laxmi Organic is 543277.

    Other relevant questions:

    When Laxmi Organic IPO will be listing? Laxmi Organic IPO NSE listing date?Laxmi Organic IPO date of listing.Laxmi Organic IPO BSE listing date?

     

  5. 5. When Laxmi Organic IPO will be allocated?

    Laxmi Organic IPO Allotment Date is 22-03-2021.

    Other relevant questions:

    Laxmi Organic IPO share allotment date?Laxmi Organic IPO allotment date?

     

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User Comments

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7. Akhil  3/15/2021 1:51:40 PM Reply
Laxmi Organic or ANupam Rasayan both are speciality chemicals, Which one is better???? please suggest.
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7.1. Virendra  3/15/2021 2:07:53 PM
laxmi organic
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6. Himanshu  3/15/2021 1:45:00 PM Reply
1st day, oversubscribed by retailers.
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5. LOKESH T BHANDARI  3/6/2021 1:06:29 AM Reply
Laxmi Organic IPO expected listing gain.
avatar
4. Ashish Singh  3/6/2021 1:06:29 AM Reply
Please confirm Laxmi Organic IPO GMP (grey market premium) and kostak.
avatar
3. Bhavana Adhikari  3/6/2021 1:06:29 AM Reply
Laxmi Organic IPO good or bad.
avatar
2. Santosh  3/6/2021 1:06:29 AM Reply
Laxmi Organic IPO whether to invest or not.
avatar
1. REETA RADHESHYAM GUPTA  3/6/2021 1:06:29 AM Reply
Laxmi Organic IPO - CRISIL Rating, Apply or not?.

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