Laxmi Organic IPO - Grey Market, GMP & Reviews

IPO Details

Issue Date 15 Mar 2021 - 17 Mar 2021
Issue Size ₹600.0 Cr
Issue Price ₹129-130
Market Lot 115 Shares
Shares on Offer
Registrar Link Intime
GMP ₹84-88
Kostak ₹450
Subject to Sauda ₹6000
Listing Date 25 Mar 2021
Listing Price N/A
Listing Gain% N/A

About Laxmi Organic Industries Limited

Laxmi was set up nearly three decades ago with the objective of manufacturing alcohol-based chemicals.

In their early days, they focused primarily on the production of bulk chemicals.

Subsequently, they progressed up the value chain and started producing ethanol downstreams and pioneered the manufacturing of solvents in India. Due to their high standards in quality and meticulous focus on customer satisfaction, they became the one of the preferred partners of choice of pharmaceutical companies and ink manufacturers. In the past decade, they have expanded their capabilities to speciality intermediates. The addition of Diketene to their product portfolio has solidified their position as a leading manufacturer of fine and speciality chemicals in the country.

In the coming years, they aim to establish themselves as a leader in speciality intermediates and become the growth partner of choice to global Life Sciences, Crop Sciences and Pigments companies.

Company Promoters

Yellow Stone Trust and Ravi Goenka are the company promoters.

Company Financials

Particulars 31-Mar-20 31-Mar-19 31-Mar-18
Total Assets (In ₹ Millions) 10,706.33 10,144.88 8,947.34
Total Revenue (In ₹ Millions) 15,386.21 15,743.23 13,960.75
Profit After Tax (PAT) (In ₹ Millions) 702.12 723.91 756.95

Grey Market Premium Updates

Date GMP Kostak Subject to Sauda
17 Mar 2021 ₹84-88 N/A N/A
10 Mar 2021 ₹110-120 ₹450 ₹6000

Strengths & Weaknesses

Strength
The GMP and Subject to Sauda Price for this stock is very good.
Weakness
There is a dip in company's revenue and profit in 2020 compared to 2019.
The profitability of the company is about 5% only.

Laxmi Organic Industries Limited IPO Reviews

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Subscription Details

Date & Time QIB NII RII Total
Day 1 - 15 Mar 2021 0.01 0.49 4.34 2.28
Day 2 - 16 Mar 2021 1.15 2.48 10.38 6.05
Day 3 - 17 Mar 2021 175.43 217.62 20.10 106.81

Allotment Status

Please click the link below to check the IPO allotment status.

IPO Allotment Status

Laxmi Organic Industries Limited IPO FAQs

  1. When will Laxmi Organic Industries Limited IPO open?

    Laxmi Organic Industries Limited IPO will open on 15 Mar 2021 and close on 17 Mar 2021.

  2. What is the listing date of Laxmi Organic Industries Limited IPO?

    Laxmi Organic Industries Limited IPO will list on 25 Mar 2021.

  3. What is the offer price of Laxmi Organic Industries Limited IPO?

    The offer price of Laxmi Organic Industries Limited IPO is ₹129-130.

  4. What is the lot size of Laxmi Organic Industries Limited IPO?

    The lot size of Laxmi Organic Industries Limited IPO is 115.

  5. What is the Grey Market Premium (GMP) price of Laxmi Organic Industries Limited IPO?

    The Grey Market Premium (GMP) price of Laxmi Organic Industries Limited IPO is ₹84-88.

  6. What is the Kostak price of Laxmi Organic Industries Limited IPO?

    The Kostak price of Laxmi Organic Industries Limited IPO is ₹450.

  7. What is the Subject to Sauda price for Laxmi Organic Industries Limited IPO?

    The Subject to Sauda price for Laxmi Organic Industries Limited IPO is ₹6000.

Laxmi Organic Industries Limited IPO Review/Comments

🌟IPO Update 🔸️Easemy Trip IPO GMP : 135-140 🔸Anupam Rasayan IPO GMP: 145-148 🔸Laxmi Organics IPO GMP: 75-78 🔸Craftsman Automation IPO GMP : Nil 🔸Kalyan Jewellers IPO GMP : Nil 🔸Nazara Tech IPO GMP : 800-810 🔸Suryoday SFB IPO GMP : 27-28 ❇❇❇❇❇❇❇❇❇❇ *To join our WhatsApp group send your name and city on our WhatsApp number 9122182978* Only WhatsApp

eagleye

Want to sell application Lakshmi Organics

Sanjay

hello gandhu

gandhu

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