Laxmi Organic Industries Limited IPO Details

Laxmi Organic Industries IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents

Laxmi Organic Industries IPO

About Laxmi Organic Industries

Laxmi Organic Industries Limited is the leading manufacturer of Acetyl Intermediates and Specialty Intermediates with almost three decades of experience in large scale manufacturing of chemicals. Initially started manufacturing acetaldehyde and acetic acid in 1992, and soon thereafter moved on to manufacturing of ethyl acetate in 1996.

Laxmi Organic Industries Limited is the largest manufacturers of ethyl acetate in India with a market share of approximately 30% of the Indian ethyl acetate market.

Important Details – Laxmi Organic Industries

  • May 15, 1989 – The Company was incorporated as Laxmi Organic Industries Limited at Mumbai, Maharashtra as a public limited company

Laxmi Organic Industries IPO Price – Details

DescriptionDetails
Public IssueInitial 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(including anchor portion of 13,846,153 Equity Shares)
Issue Period 15-Mar-2021 to 17-Mar-2021
Issue Type100% Book Building
IPO Price Band₹ 129 – ₹ 130
Face Value Rs.2
Market Lot 115 Equity Shares and in multiples thereof
Minimum Order Quantity 115 Equity Shares
Maximum Subscription Amount for Retail InvestorRs. 2,00,000
Listing NSE, BSE
NSE / BSE SymbolLXCHEM
IPO Market Timings 10.00 a.m. to 5.00 p.m.

Laxmi Organic Industries IPO Lead Managers

  • Axis Capital Limited
  • DAM Capital Advisors Limited

Laxmi Organic Industries Registrar

  • Link Intime India Private Limited

Laxmi Organic Industries IPO Allotment Date, Listing Date and other Important Dates

DescriptionDate
Bid / Offer Opens on15-Mar-21
Bid / Offer Closes on17-Mar-21
Finalisation of Basis of Allotment22-Mar-21
Initiation of refunds 23-Mar-21
Credit of the Equity Shares24-Mar-21
Commencement of trading – Listing25-Mar-21

Also Read : Craftsman Automation Limited IPO Details

Laxmi Organic Industries IPO DRHP & RHP

Laxmi Organic Industries IPO GMP

Grey market premium as on today is Rs 80-90 – Check here for latest GMP Details

Laxmi Organic Industries IPO – FAQS

When Laxmi Organic Industries IPO will open ?

The Laxmi Organic Industries IPO opens on Mar 15, 2021 and closes on Mar 17, 2021

What is the lot size of Laxmi Organic Industries IPO ?

Laxmi Organic Industries IPO lot size is 115 Shares and the minimum order quantity is 115 Shares.

What is the price band for Laxmi Organic Industries IPO ?

The Laxmi Organic Industries IPO price band at Rs.129 to Rs.130 per share

What is the Laxmi Organic Industries IPO Maximum Bid Quantity for QIB Investors ?

The Laxmi Organic Industries IPO Maximum Bid Quantity for QIB Investors is 3,25,58,110 equity shares in multiple of 115 Equity Shares

What is the Laxmi Organic Industries IPO Maximum Bid Quantity for NIB Investors ?

The Laxmi Organic Industries IPO Maximum Bid Quantity for NIB Investors is 2,32,55,760 Equity Shares in multiple of 115 Equity Shares

Who is the Registrar for Laxmi Organic Industries IPO ?

The Registrar is Link Intime India Private Limited

How to apply in Laxmi Organic Industries IPO through UPI?

Check the step by step process here – Click here

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