Laxmi Organic Industries Limited IPO
MainboardChemicals
Listed On: Mar 25, 2021 at ₹ 155.50 (NSE)
₹ 14950 /115 Shares
Check AllotmentPrice Summary
Last Closing
288.90 (122.23%)52 Week High
325.5052 Week Low
220.00Last Update
20-Sep-2024 3:30 PMIPO Details
15 Mar, 2021
Open Date17 Mar, 2021
Close Date22 Mar, 2021
Allotment Date25 Mar, 2021
Listing DateIssue Price
₹129-130 per equity shareFace Value
₹2 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdList Price
155.50 (NSE)Listing Date
2021-03-25Market Lot
115 Shares (₹14,950/-)Lead Manager
Axis Capital Limited, DAM Capital Advisors Ltd (Formerly IDFC Securities Ltd)Issue Size
N/A Eq Shares of ₹2 (aggregating up to ₹600.00 Cr)Retail Portion
35%Subscription
106.74 timesIPO Subscription Details
| As on | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 93,02,324 | 69,76,744 | 1,62,79,070 | 3,25,58,138 |
| Day 1 - 15-03-21 05:00 PM | 0.01 x | 0.50 | 4.34 x | 2.27 x |
| Day 2 - 16-03-21 05:00 PM | 1.14 x | 2.48 | 10.39 x | 6.05 x |
| Day 3 - 17-03-21 05:00 PM | 175.43 x | 217.62 | 19.96 x | 106.74 x |
Valuations
Earnings Per Share (EPS)
₹2.64/-P/E Ratio
48.19RoNW
16.45%Net Asset Value (NAV) - As on 31.09.20
₹20.99Company Financials All values are in ₹ Cr.
| 31-Sep-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
|---|---|---|---|---|
| Assets | 1,037.13 | 1,070.63 | 1,014.48 | 894.73 |
| Revenue | 814.35 | 1,538.62 | 1,574.32 | 1,396.07 |
| Profit After Tax | 45.48 | 70.21 | 72.39 | 75.69 |
About The Company
Laxmi Organic Industries Ltd is a speciality chemical manufacturer that operates in 2 business segments; Acetyl Intermediates (AI) and Speciality Intermediates (SI). It is the leading manufacturer of ethyl acetate with over 30% market share in the Indian ethyl acetate market and the only manufacturer of diketene derivatives in India.
Its AI segment includes ethyl acetate, acetaldehyde, fuel-grade ethanol and other proprietary solvents whereas SI segment includes ketene, diketene derivatives namely esters, acetic anhydride, arylides, amides, and other chemicals. Its products are being used in various industries like pharmaceuticals, agrochemicals, inks & coatings, dyes & pigments, paints, printing & packaging, etc. Alembic Pharmaceuticals Limited, Laurus Labs Limited, Granules India Limited, Hetero Labs Limited, Heubach Colour Private Limited, Hubergroup India Private Limited, Huhtamaki India Limited, Macleods Pharmaceuticals Private Limited, Suven Pharmaceuticals Limited, Colourtex Industries Private Limited, and UPL Limited are some of its customers.
The company has global footprint with customers in 30 countries including but not restricted to China, Russia, Singapore, UAE, UK, USA, Netherland, etc. Currently, it has 2 manufacuring facilities in Mahad, Maharashtra for manufacturing of AI and SI products. It is also proposing to set-up a new manufacturing facility at Lote Parshuram, Maharashtra to manufacture flurospecialty chemicals.
- Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Net Worth | |
|---|---|---|---|---|
| Laxmi Organics Industries Limited | 6.19 | 49.19 | 16.45% | 1,538.62 |
| Aarti Industries Limited | 7.01 | 45.08 | 15.55% | 4,620.69 |
| Atul Limited | 5.73 | 32.80 | 17.47% | 4,093.06 |
| Fine Organics Industries Limited | 10.78 | 61.36 | 17.57% | 1,038.08 |
| Navin Flourine International Limited | 9.11 | 30.50 | 29.89% | 1,061.55 |
| Rossari Biotech Limited | 14.53 | N/A | 15.97% | 600.09 |
| SRF Limited | 6.59 | 42.29 | 15.58% | 7,209.41 |
- Promoter(s)
Pre Issue Share Holding: 89.51%
Post Issue Share Holding: 72.92%
Company Promoter(s)
- Yellow Stone Trust
- Ravi Goenka
IPO - Issue Objectives
- Investment in subsidiary firm, Yellowstone Fine Chemicals Private Limited (YFCPL) to partly finance the capex to establish a new manufacturing facility.
- To invest in YFCPL for financing working capital requirements.
- To finance the capex for expansion of SI manufacturing facility.
- To finance business working capital requirements.
- To purchase plant and machinery for infrastructure development at SI facility.
- To make prepayment or repayment of company and its subsidiary, Viva Lifesciences Pvt Ltd (VLPL).
- To meet general corporate purposes.
IPO - FAQs
Ans. Laxmi Organic Industries Limited IPO is a Mainboard IPO. The issue is priced at ₹129-130 per equity share. The minimum order quantity is 115 Shares. The IPO opens on Mar 15, 2021, and closes on Mar 17, 2021. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Laxmi Organic Industries Limited IPO opens on Mar 15, 2021 and closes on Mar 17, 2021.
Ans. The size of Laxmi Organic Industries Limited IPO is N/A Eq Shares of ₹2 (aggregating up to ₹600.00 Cr).
Ans. The IPO price band is set between ₹129-130 per equity share.
Ans. To apply for Laxmi Organic Industries Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Laxmi Organic Industries Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Laxmi Organic Industries Limited IPO is Mar 22, 2021.
Ans. The Laxmi Organic Industries Limited IPO will be listed on Mar 25, 2021.
Ans. Follow the steps to check the allotment status for Laxmi Organic Industries Limited IPO here.
