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Laxmi Organic Industries Limited IPO (Laxmi Organic IPO) Detail

Mar 15, 2021 - Mar 17, 2021

Incorporated in 1989, Laxmi Organic Industries Ltd is a specialty chemical manufacturer that operates in 2 business segments; Acetyl Intermediates (AI) and Specialty Intermediates (SI). It is the leading manufacturer of ethyl acetate with over 30% market share in the Indian ethyl acetate market and the only manufacturer of diketene derivatives in India.

Its AI segment includes ethyl acetate, acetaldehyde, fuel-grade ethanol, and other proprietary solvents whereas the SI segment includes ketene, diketene derivatives namely esters, acetic anhydride, arylides, amides, and other chemicals. Its products are being used in various industries like pharmaceuticals, agrochemicals, inks & coatings, dyes & pigments, paints, printing & packaging, etc. Alembic Pharmaceuticals Limited, Laurus Labs Limited, Granules India Limited, Hetero Labs Limited, Heubach Colour Private Limited, Hubergroup India Private Limited, Huhtamaki India Limited, Macleods Pharmaceuticals Private Limited, Suven Pharmaceuticals Limited, Colourtex Industries Private Limited, and UPL Limited are some of its customers.

The company has a global footprint with customers in 30 countries including but not restricted to China, Russia, Singapore, UAE, UK, USA, Netherland, etc. Currently, it has 2 manufacturing facilities in Mahad, Maharashtra for the manufacturing of AI and SI products. It is also proposing to set-up a new manufacturing facility at Lote Parshuram, Maharashtra to manufacture four specialty chemicals.

Competitive Strengths

  • Leading manufacturer of ethyl acetate in India.
  • Largest manufacturer of diketene derivative products.
  • Diversified customer base across industries.
  • Strategically located manufacturing facilities.
  • Consistent financial performance.

Company Promoters:

Yellow Stone Trust and Ravi Goenka are the company promoters.

Company Financials:

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in millions)
30-Sep-20 31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 10,371.32 10,706.33 10,144.88 8,947.34
Total Revenue 8,143.55 15,386.21 15,743.23 13,960.75
Profit After Tax 454.84 702.12 723.91 756.95

Objects of the Issue:

  • Investment in subsidiary firm, Yellowstone Fine Chemicals Private Limited (YFCPL) to partly finance the capex to establish a new manufacturing facility.
  • To invest in YFCPL for financing working capital requirements.
  • To finance the capex for expansion of SI manufacturing facility.
  • To finance business working capital requirements.
  • To purchase plant and machinery for infrastructure development at SI facility.
  • To make prepayment or repayment of borrowings availed by the company and subsidiary, Viva Lifesciences Pvt Ltd (VLPL).
  • To meet general corporate purposes.

Laxmi Organic IPO Details

IPO Opening Date Mar 15, 2021
IPO Closing Date Mar 17, 2021
Issue Type Book Built Issue IPO
Face Value ₹2 per equity share
IPO Price ₹129 to ₹130 per equity share
Market Lot 115 Shares
Min Order Quantity 115 Shares
Listing At BSE, NSE
Issue Size[.] Eq Shares of ₹2
(aggregating up to ₹600.00 Cr)
Fresh Issue[.] Eq Shares of ₹2
(aggregating up to ₹300.00 Cr)
Offer for Sale[.] Eq Shares of ₹2
(aggregating up to ₹300.00 Cr)

Laxmi Organic IPO Tentative Timetable

The Laxmi Organic IPO open date is Mar 15, 2021, and the close date is Mar 17, 2021. The issue may list on Mar 25, 2021.

IPO Open Date Mar 15, 2021
IPO Close Date Mar 17, 2021
Basis of Allotment Date Mar 22, 2021
Initiation of Refunds Mar 23, 2021
Credit of Shares to Demat Account Mar 24, 2021
IPO Listing Date Mar 25, 2021

Laxmi Organic IPO Lot Size

The Laxmi Organic IPO market lot size is 115 shares. A retail-individual investor can apply for up to 13 lots (1495 shares or ₹194,350).

Application Lots Shares Amount (Cut-off)
Minimum 1 115 ₹14,950
Maximum 13 1495 ₹194,350

Laxmi Organic IPO Promoter Holding

Pre Issue Share Holding 89.51%
Post Issue Share Holding 72.92%

Laxmi Organic IPO Subscription Status (Bidding Detail)

The Laxmi Organic IPO is subscribed 106.81 times on 3/17/2021 6:49:00 AM. The public issue subscribed 20.10 in the retail category, 175.43 in the QIB category, and 217.62 in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB175.43
NII217.62
Retail20.10
Total106.81

Laxmi Organic IPO Prospectus

Laxmi Organic IPO Rating

1440
4.2
Rating:Rated 4.2 stars
Vote Here ...

Laxmi Organic IPO Listing Date

Listing Date Thursday, March 25, 2021
BSE Script Code 543277
NSE Symbol LXCHEM
Listing In B Group of Securities
ISIN INE576O01020
IPO Price ₹130 per equity share
Face Value ₹2 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹130.00
₹156.20
₹143.00
₹174.50
₹164.60
NSE
₹130.00
₹155.50
₹143.25
₹174.60
₹164.45

Company Contact Information

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

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

Laxmi Organic IPO Registrar

Link Intime India Private Ltd

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

Laxmi Organic IPO FAQs

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 IPO opens on Mar 15, 2021, and closes on Mar 17, 2021.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Laxmi Organic IPO using UPI as a payment gateway. Zerodha customers can apply in Laxmi Organic IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Laxmi Organic IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Laxmi Organic IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

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.

You can apply in Laxmi Organic IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of 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 IPO Message Board

Ranked Members  Ranked Members

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1290 Comments

660. bharat vishvkarma |Mar 23, 2021 9:51:34 AM
10 se jyada ipo me apply ke baad.. allotment nhi mila.. lekin.. itna jarur pata chal gayaa..
.
.
kfintech is better then linkintime...
659. Goyalgroup |Mar 28, 2021 9:05:36 PM
Laxmi organics is a best among IPO ISSUE IN March 2021
658. Jaju bkn |Mar 28, 2021 1:02:21 AM
Still holding for price of 260
657. Cheelu |Mar 27, 2021 8:09:27 PM
I didn''t get allotment, my amount is still blocked and it is showing in sbi lien amount. What should I do, pls help
656. Have Faith |Mar 26, 2021 5:54:28 PM
Top Contributor Top Contributor (200+ Posts)
Sold 79 shares at Rs 190 ..capital recoverd ..rest 36 shares kept for long term
655. Jindal jain |Mar 26, 2021 3:42:13 PM
Well easy my trip on its way for 300-350
654. RGP |Mar 26, 2021 12:15:53 PM
still i have to hold or sell now
653. IPO Mitr |Mar 26, 2021 11:12:06 AM
Top Contributor Top Contributor (200+ Posts, 700+ Likes)
Made a partial exit at @188.
652. Rafiq |Mar 26, 2021 11:44:35 AM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
I told yesterday, it will go 200 if market positive by today
651. Roxpatel |Mar 26, 2021 11:36:22 AM
Top Contributor Top Contributor (300+ Posts, 400+ Likes)
Good going, next target should be 240, I will buy more on dips if getting chance
650. IPO Mitr |Mar 26, 2021 10:53:00 AM
Top Contributor Top Contributor (200+ Posts, 700+ Likes)
Listing @73.95 on NSE and @73.9 on BSE
649. harit |Mar 26, 2021 11:02:46 AM
IPO Guru IPO Guru (1800+ Posts, 3100+ Likes)
Ready for uc
648. Rahul Popat |Mar 25, 2021 9:57:25 AM
Top Contributor Top Contributor (200+ Posts, 400+ Likes)
Listing between 160-170

If open near 130 buy for trgt 150 sl 115
647. Sonu kumar Meena |Mar 25, 2021 12:46:10 PM
Laxmi organic ipo 130 per share se mila tha maine 115 share sell 161 par kiya lekin mere demat acct me paise 18515 aane chhaiye lekin aaye 14812 kyo😢????
646. Mahavir dugar |Mar 25, 2021 10:17:43 PM
GOLDMAN SACHS INDIA FUND LIMITED Buy 16,75,383 shares @ 155.71 And PLUTUS WEALTH MANAGEMENT LLP Buy 1500000 shares @ 155.50 .

Laxmi organic is a multibagger keep it in your portfolio.
645. Ashish Khater |Mar 25, 2021 8:50:51 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Good morning friends,
Today is the listing of laxmi organics.....all the best to allotees....

My expected listing range 160-165. Can touch 175 intraday

Ashish Khater

645.1. Arjun Lakra |Mar 27, 2021 4:59:11 PM
sahi hai boss
644. rsk |Mar 25, 2021 9:13:08 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
25-Mar-21      LXCHEM      Laxmi Organic Indus Ltd      GOLDMAN SACHS INDIA FUND LIMITED      BUY      1675383      155.71      -
643. harit |Mar 25, 2021 4:48:24 PM
IPO Guru IPO Guru (1800+ Posts, 3100+ Likes)
0/7 in nazara
But no complaints
Highly oversubscribed in retail
Anyway
Fy 20-21 over for me
It ws very fruitful for me
Started from yes bank
Happiest
Home first
Heranba
Laxmi
Maz.doc.
cams
Uti
Mtar (2)
Gave me good profit

Happy holidays and holi to all my dear board members
Thanks




642. Neelesh Chouhan |Mar 25, 2021 4:38:35 PM
1 lot alloted still hold
641. Khan brother |Mar 25, 2021 3:58:04 PM
I did not get any allotment for Laxmi Energy but the blocked amount has not been unblocked till 25.03.2021, when it was supposed to be unblocked on 23.03.2021 itself. Please suggest a easy way to solve this issue. Thank