Laxmi Organic Industries is launching its IPO. The Rs. 600 crore public offer comprises a fresh issue of equity shares worth Rs. 300 crores and an offer for sale of equity shares of Rs. 300 crores. For more information, you can read the IPO Prospectus filed by the company.
About the company
Laxmi Organic Industries is one of the leading manufacturers of specialty chemicals in Acetyl Intermediates and Specialty Intermediates segments which has applications in industries such as pharmaceuticals, agrochemicals, paints, printing & packaging, flavors & fragrances, adhesives amongst others. The company is currently among the largest manufacturers of ethyl acetate in India with a market share of approximately 30% of the Indian ethyl acetate market, it is also the only manufacturer of diketene derivatives in India.
| Financial Year Ended | Revenue (₹ crores) | PAT (₹ crores) | EPS (₹) |
|---|---|---|---|
| March 2018 | 1,396.08 | 75.695 | 3.03 |
| March 2019 | 1,574.32 | 72.391 | 2.89 |
| March 2020 | 1,538.62 | 70.212 | 2.86 |
| Six months ended September 2020 | 814.36 | 45.484 | 2.02 |
Tentative Timetable
| Event | Date |
|---|---|
| Issue Period | 15th March 2021 - 17th March 2021 |
| Price Range | ₹ 129 - 130 |
| Minimum Bid Quantity | 115 and in multiples thereof |
| Finalisation of Allotment | 22nd March 2021 |
| Initiation of Refunds | 23rd March 2021 |
| Credit of Shares | 24th March 2021 |
| Listing Date | 25th March 2021 |
How do I apply to the Laxmi Organic Industries IPO?
You can apply for the Laxmi Organic Industries IPO using any supported UPI app by following two steps:
-
Enter your bid on Console
-
Accept UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.