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Laxmi Organic IPO Subscription Details (Live Status)

Laxmi Organic IPO Details

Issue Open Mar 15, 2021
Issue Close Mar 17, 2021
IPO Price ₹130
Face Value ₹2
IPO Size ₹600.00 Cr
Listing At BSE, NSE
IPO Lot Size 115

Laxmi Organic IPO Subscription Status Live

Laxmi Organic IPO subscribed 106.81 times. The public issue subscribed 20.10 times in the retail category, 175.43 times in QIB, and 217.62 times in the NII category by Mar 17, 2021.

Investor CategorySubscription (times)
Qualified Institutions175.43
Non-Institutional Buyers217.62
Retail Investors20.10
Employees[.]
Others[.]
Total106.81

Laxmi Organic IPO Subscription Details (times)

DateQIBNIIRetailTotal

Day 1
Mar 15, 2021

0.01

0.49

4.34

2.28

Day 2
Mar 16, 2021

1.15

2.48

10.38

6.05

Day 3
Mar 17, 2021

175.43

217.62

20.10

106.81


Laxmi Organic IPO Shares Offered

Laxmi Organic IPO is a public issue of 32,558,138 equity shares. The issue offers 16,279,070 shares to retail investors, 9,302,324 shares to qualified institutional buyers, and 6,976,744 shares to non-institutional investors.

CategoryShares Offered%
QIB9,302,32428.57%
NII6,976,74421.43%
Retail16,279,07050.00%
Total32,558,138100%

IPO Investor Categories

  • Qualified Institutional Buyers (QIB)

    Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.

  • Non-Institutional Investors(NII)

    Individual investors, NRIs, companies, trusts, etc who bid for more than Rs 2 lakhs are known as Non-institutional bidders or NII. They need not register with SEBI like QIIs.

  • Retail Individual Investors(RII)

    The retail individual investor or NRIs who apply up to Rs 2,00,000 in an IPO are considered as RII reserved category.

  • Employee (EMP)

    A category of eligible employees who have a reserved quota in the IPO.

  • Others

    A category of eligible shareholders or other investors who have a reserved quota in the IPO.

Laxmi Organic IPO Subscription FAQs

The Laxmi Organic IPO is subscribed 106.81 by Mar 17, 2021.

Laxmi Organic IPO Subscription

Investor CategorySubscription (times)
Qualified Institutional175.43
Non Institutional217.62
Retail Individual20.10
Employee Reservations[.]
Others[.]
Total Subscription106.81

Retail category of Laxmi Organic IPO subscribed 20.10 times as of date Mar 17, 2021. The public issue closes on Mar 17, 2021 for bidding.

An investor can apply in Laxmi Organic IPO online via bank (using ASBA) or the broker (using UPI). The Laxmi Organic IPO shares are offered online only.

The Laxmi Organic IPO is subscribed 106.81 by Mar 17, 2021.

The Laxmi Organic IPO allotment status is expected on or around Mar 22, 2021. Visit Laxmi Organic IPO allotment status to check.

The Laxmi Organic IPO listing date is Thursday, March 25, 2021. The equity share of Laxmi Organic Industries Limited will list on BSE, NSE.

Visit Laxmi Organic IPO subscription status page for real-time bidding information about Laxmi Organic IPO.

Laxmi Organic IPO Timetable

IPO Opens OnMar 15, 2021
IPO Closes OnMar 17, 2021
Finalisation of Basis of AllotmentMar 22, 2021
Initiation of RefundsMar 23, 2021
Credit of Shares to Demat AccountMar 24, 2021
IPO Listing DateMar 25, 2021

2 Comments

2. Adv Sarin  Mar 17, 2021 12:45
It appears the clash of many issues in the IPO market has affected the oversubscription ratio of these 4-5 IPO opened during this week. Let's hope everyone will get a good allotment. Although GMP may not withstand the pressure.
1. Adv Sarin  Mar 15, 2021 10:18
This IPO appears the best among all coming this week. Far better than other chemical IPO on market. There may not be very high Listing gains but in the long run company will remain safe and performing. Once they diversified in the Fluorine segment naturally profits and ratings will increase.
1.1. Adv Sarin  Mar 15, 2021 12:15
Just in two hours issue got subscribed fully.
Date      QIB      NII      Retail      Total
Mar 15, 2021 00:09

0.00x 0.11x 1.54x 0.79x

Greate performance.