Laxmi Organic Industries Ltd Incorporated in 1989 and Laxmi Organic is a specialty chemical manufacturer that operates in 2 business segments, Acetyl Intermediates (AI) and Specialty Intermediates (SI). It is the leading manufacturer of ethyl acetate with over 30% market share in the India. The only manufacturer of diketene derivatives in India.
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 manufacturing facilities in Mahad, Maharashtra for the manufacturing of AI and SI products. It is also proposing to set-up a new manufacturing facility at Lote Parshuram, Maharashtra to manufacture four specialty chemicals.
Competitive Strengths and Key Features
- Leading manufacturer of ethyl acetate in India.
- Largest manufacturer of diketene derivative products.
- Diversified customer base across industries.
- Strategically located manufacturing facilities.
- Consistent financial performance.
Laxmi Organic IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | ₹2 per equity share |
| IPO Price | ₹129 to ₹130 per equity share |
| Market Lot | 115 Shares |
| Listing At | BSE, NSE |
| NYS Symbol | LXCHEM |
| BSE Script Code | 543277 |
| ISIN | INE576O01020 |
| Issue Size | [.] Eq Shares of ₹2 (aggregating up to ₹600.00 Cr) |
| Fresh Issue | [.] Eq Shares of ₹2 (aggregating up to ₹300.00 Cr) |
| Offer for Sale | [.] Eq Shares of ₹2 (aggregating up to ₹300.00 Cr) |
IPO TIME TABEL
| PARTICULAR | DATE |
| IPO Open Date | 15-Mar-21 |
| IPO Close Date | 17-Mar-21 |
| Basis of Allotment Date | 22-Mar-21 |
| IPO Listing Date | 25-Mar-21 |
Laxmi Organic IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
| Minimum | 1 | 115 | ₹14,950 |
| Maximum | 13 | 1495 | ₹194,350 |
Company Financials:
| PARTICULAR | 30-Sep-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 |
| Total Assets | 10,371.32 | 10,706.33 | 10,144.88 | 8,947.34 |
| Total Revenue | 8,143.55 | 15,386.21 | 15,743.23 | 13,960.75 |
| Profit After Tax | 454.84 | 702.12 | 723.91 | 756.95 |
Company Promoters:
Yellow Stone Trust and Ravi Goenka are the company promoters.
Objects of the Issue:
Investment in subsidiary firm, Yellowstone Fine Chemicals Private Limited (YFCPL) to partly finance the capex to establish a new manufacturing facility.
| Company Contact Information | Laxmi Organic IPO Registrar |
| Laxmi Organic Industries Limited A-22/2/3, MIDC, Mahad, Raigad– 402 309 Phone: +91-2145-232424 Email: investors@laxmi.com Website: http://www.laxmi.com/ | Link Intime India Private Ltd C 101, 247 Park, L.B.S.Marg, Vikhroli (West), Mumbai – 400083 Phone: +91-22-4918 6270 Email: laxmiorganic.ipo@linkintime.co.in Website: http://www.linkintime.co.in |
