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Laxmi Organic Industries Limited

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 Price155.50
Listing Gain+19.62%
TimelineBook Built Issue IPO
Open15 Mar 2021
Close17 Mar 2021
Allotment22 Mar 2021
Listing25 Mar 2021

Quota Reservation Portions

QIBPortion: 2,30,76,922 shares
50%
HNIPortion: 69,23,077 shares
15%
RetailPortion: 1,61,53,847 shares
35%

Minimum Application Bracket Matrix

Retail1 lots / 115 shares
₹14,950
sHNI14 lots / 1,610 shares
₹2,09,300
bHNI67 lots / 7,705 shares
₹10,01,650

About the Company

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.

Company Promoters

Yellow Stone TrustRavi Goenka