|Issue Date||15 Mar 2021 - 17 Mar 2021|
|Issue Size||₹600.0 Cr|
|Market Lot||115 Shares|
|Shares on Offer|
|Subject to Sauda||₹6000|
|Listing Date||25 Mar 2021|
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.
Yellow Stone Trust and Ravi Goenka are the company promoters.
|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|
|Date||GMP||Kostak||Subject to Sauda|
|17 Mar 2021||₹84-88||N/A||N/A|
|10 Mar 2021||₹110-120||₹450||₹6000|
|The GMP and Subject to Sauda Price for this stock is very good.|
|There is a dip in company's revenue and profit in 2020 compared to 2019.|
|The profitability of the company is about 5% only.|
|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|
Please click the link below to check the IPO allotment status.IPO Allotment Status
Laxmi Organic Industries Limited IPO will open on 15 Mar 2021 and close on 17 Mar 2021.
Laxmi Organic Industries Limited IPO will list on 25 Mar 2021.
The offer price of Laxmi Organic Industries Limited IPO is ₹129-130.
The lot size of Laxmi Organic Industries Limited IPO is 115.
The Grey Market Premium (GMP) price of Laxmi Organic Industries Limited IPO is ₹84-88.
The Kostak price of Laxmi Organic Industries Limited IPO is ₹450.
The Subject to Sauda price for Laxmi Organic Industries Limited IPO is ₹6000.
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