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LXCHEMEQ / NSE, BSEListed
Laxmi Organic Industries

Incorporated in 1989, Laxmi Organic Industries Ltd is a leading specialty chemical manufacturer operating in Acetyl Intermediates and Specialty Intermediates, with a dominant position in ethyl acetate holding over 30% market share in India and being the only producer of diketene derivatives in the country; its product portfolio includes ethyl acetate, acetaldehyde, fuel-grade ethanol, ketene, and various diketene-based chemicals used across pharmaceuticals, agrochemicals, paints, inks, dyes, printing, and packaging industries, serving marquee customers such as Alembic Pharma, Laurus Labs, Granules India, Hetero Labs, UPL, and others, with a global presence across 30 countries including the USA, UK, China, and UAE, and manufacturing operations at two plants in Mahad, Maharashtra along with a proposed new facility at Lote Parshuram.

₹129 - ₹130Open
Listed Price₹155.50
Listing Gain+19.62%

IPO Schedule & Timeline

Book Built Issue IPO
Open15 Mar 2021
Close17 Mar 2021
Allotment22 Mar 2021
Listing25 Mar 2021

Quota Reservation & Application Lots

Quota Reservation (% Shares)

QIB2,30,76,922 shares
50%
HNI69,23,077 shares
15%
Retail1,61,53,847 shares
35%

Minimum Application Lots

Retail1 Lot (115 shares)
₹14,950
sHNI14 Lots (1,610 shares)
₹2,09,300
bHNI67 Lots (7,705 shares)
₹10,01,650

Company Promoters

Yellow Stone TrustRavi Goenka

Company Background

Incorporated in 1989, Laxmi Organic Industries Ltd is a leading specialty chemical manufacturer operating in Acetyl Intermediates and Specialty Intermediates, with a dominant position in ethyl acetate holding over 30% market share in India and being the only producer of diketene derivatives in the country; its product portfolio includes ethyl acetate, acetal...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Sep-20)₹8143.55 Cr
Growth-41.7%
Revenue Trend (₹ in Crores)
0.06.0k12.1k18.1kMar-18Mar-19Mar-20Sep-20
PeriodRev (Cr)PAT (Cr)AssetsDebt
Sep-208,143.55454.8410,371.320
Mar-2015,386.21702.1210,706.330
Mar-1915,743.23723.9110,144.880
Mar-1813,960.75756.958,947.340

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Link Intime India Private Limited

Allotment Finalized
Allotment Date
22 Mar 2021
Official Status
Out / Finalized
Registrar
Link Intime India Private Limited
Listing Date
25 Mar 2021

Official Allotment Verification Links

Official Registrar Portal
Link Intime India Private Limited

Direct allotment verification on the official registrar portal appointed for Laxmi Organic Industries. Check with PAN or Application No.

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Stock Exchange Portal
BSE India Investor Portal

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Allotment Schedule & Milestones

IST
1. Allotment Finalization22 Mar 2021Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date25 Mar 2021Trading commences on exchange

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About Laxmi Organic Industries IPO

Complete issue overview for Laxmi Organic Industries (LXCHEM) IPO. The issue features an equity share price band of ₹129 – ₹130 per share with a minimum retail lot size of 115 Shares (minimum application amount of ₹14,950). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

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