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IPO Status: Listed [15th Mar 2021 to 17th Mar 2021]
| IPO Issue Opening Date: | 15th Mar 2021 |
| IPO Issue Closing Date: | 17th Mar 2021 |
| IPO Issue Price: | ₹129-130 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | 50 |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹600 Cr. |
| Offer for Sale: | ₹300 Cr. |
| Fresh Issue: | ₹300 Cr. |
| Face Value: | ₹2 Per Equity Share |
| IPO Discount: | NA |
| Promoter Holding Pre IPO: | 89.51% |
| Promoter Holding Post IPO: | 72.92% |
| Allotment Status: | Allotment Status |
| BSE Code: | 543277 |
| NSE Code: | LXCHEM |
Get important updates regarding Laxmi Organic IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 22nd Mar 2021 |
| Refunds Initiation* | 23rd Mar 2021 |
| Credit of Shares to Demat* | 24th Mar 2021 |
| IPO Listing Date* | 25th Mar 2021 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹129-130 |
| Market Lot: | 115 Shares |
| 1 Lot Amount: | ₹14950 |
| Min Small HNI Lots(2-10 Lakh): | 1610 shares(14 lots) |
| Min Big HNI Lots(10+ Lakh): |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 25-03-2021 | 130 | 40 | -- | ₹170 (30.77%) | 25-Mar-2021 10:47 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
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.
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.
| Incorporation | Sector | IPO Issue Size | Website |
| NULL | NULL | ₹600 Cr. | http://www.laxmi.com/ |
| 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% |
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 9,302,324 (28.57%) | 6,976,744 (21.43%) | 16,279,070 (50%) | 32,558,138 | |
| 1 | 15th Mar 2021 05:02 | 0.01x | 0.49x | 4.34x | 2.28x |
| 2 | 16th Mar 2021 05:02 | 1.15x | 2.48x | 10.38x | 6.05x |
| 3 | 17th Mar 2021 06:51 | 175.43x | 217.62x | 20.10x | 106.81x |
| 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 |
Last Updated on 13-Apr-2021 00:44:19
