IPO

Laxmi Organic Industries Limited IPO

Mainboard

Chemicals

Listed On: Mar 25, 2021 at ₹ 155.50 (NSE)

₹ 14950 /115 Shares

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Price Summary

Last Closing

254.15 (95.5%)

52 Week High

325.50

52 Week Low

220.00

Last Update

25-Nov-2024 3:30 PM

IPO Details

15 Mar, 2021

Open Date

17 Mar, 2021

Close Date

22 Mar, 2021

Allotment Date

25 Mar, 2021

Listing Date

Issue Price

₹129-130 per equity share

Face Value

₹2 Per Equity Share 

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

List Price

155.50 (NSE)

Listing Date

2021-03-25

Market 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 times

IPO Docs

DRHP RHP

IPO Subscription Details

As onQIBNIIRetailTotal
Shares Offered / Reserved93,02,32469,76,7441,62,79,0703,25,58,138
Day 1 - 15-03-21 05:00 PM0.01 x0.504.34 x2.27 x
Day 2 - 16-03-21 05:00 PM1.14 x2.4810.39 x6.05 x
Day 3 - 17-03-21 05:00 PM175.43 x217.6219.96 x106.74 x

Valuations

Earnings Per Share (EPS)

₹2.64/-

P/E Ratio

48.19

RoNW

16.45%

Net Asset Value (NAV) - As on 31.09.20

₹20.99

Company Financials All values are in ₹ Cr.

31-Sep-2031-Mar-2031-Mar-1931-Mar-18
Assets1,037.131,070.631,014.48894.73
Revenue814.351,538.621,574.321,396.07
Profit After Tax45.4870.2172.3975.69

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.

Read More

- Peers Comparison

P/B RatioP/E RatioRoNWNet Worth
Laxmi Organics Industries Limited6.1949.1916.45%1,538.62
Aarti Industries Limited7.0145.0815.55%4,620.69
Atul Limited5.7332.8017.47%4,093.06
Fine Organics Industries Limited10.7861.3617.57%1,038.08
Navin Flourine International Limited9.1130.5029.89%1,061.55
Rossari Biotech Limited14.53N/A15.97%600.09
SRF Limited6.5942.2915.58%7,209.41

IPO - Ratings

Axis CapitalNone
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GEPL CapitalSubscribe
Prabhudas Lilladher PvtSubscribe
GEPL Capital LtdSubscribe
TopShareBrokers.comSubscribe for Long Term
Sushil FinanceNone
Angel BrokingSubscribe
Emkay GlobalSubscribe

- Promoter(s)

Pre Issue Share Holding: 89.51%

Post Issue Share Holding: 72.92%

Company Promoter(s)

  1. Yellow Stone Trust
  2. Ravi Goenka

IPO - Issue Objectives

  1. Investment in subsidiary firm, Yellowstone Fine Chemicals Private Limited (YFCPL) to partly finance the capex to establish a new manufacturing facility.
  2. To invest in YFCPL for financing working capital requirements.
  3. To finance the capex for expansion of SI manufacturing facility.
  4. To finance business working capital requirements.
  5. To purchase plant and machinery for infrastructure development at SI facility.
  6. To make prepayment or repayment of company and its subsidiary, Viva Lifesciences Pvt Ltd (VLPL).
  7. 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.