247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

Laxmi Organic Industries Limited IPO (Laxmi Organic Industries IPO) Details

Laxmi Organic Industries Limited is an Chemical - Speciality based company, located in Raigad, Laxmi Organic Industries Limited IPO size was 600.00 Cr. and was issued at 130.00 per share. The share of Laxmi Organic Industries Limited were listed at 164.60 per share and are currently trading at 230.71 per share.

Type :
Sub Sector : Manufacturers Of Speciality Chemical
MainBoard IPO

Financial Summary (at the time of ipo, on annualised basis)

Revenue :
1628.72 Cr.

PAT :
90.96 Cr.

Pricing Report

Issue Price :
130.00

Listing Price :
164.60

Current Market Price :
230.71

Issue Price vs CMP :
100.71 (77.47%)

listing Price vs CMP :
66.11 (40.16%)

Performance Report (CAGR* wise)

CAGR : 16.16
-ve 0 6 9 12+
Above Average

*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.

About Laxmi Organic Industries

Company Information
Laxmi Organic Industries Limitedy\ is a leading manufacturer of Acetyl Intermediates and Specialty Intermediates with nearly three decades of experience in large-scale chemical manufacturing. Since its inception in 1989, it has undergone significant transformation, starting with the production of acetaldehyde and acetic acid in 1992 and expanding into the manufacturing of ethyl acetate in 1996. The company is currently one of the largest producers of ethyl acetate in India, holding a market share of approximately 30% of the Indian ethyl acetate market (according to a Frost & Sullivan report). Following the completion of the YCPL Acquisition, the company's market share in ethyl acetate is expected to increase further. In 2010, the company expanded into the production of Specialty Intermediates by acquiring Clariant
Object of Issue
  • 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 borrowings availed by the company and subsidiary, Viva Lifesciences Pvt Ltd (VLPL
  • To meet general corporate purposes

Laxmi Organic Industries MainBoard IPO Details (at the time of IPO)

IPO Type :
Book Building
IPO Date :
Mar, 2021
IPO Size :
600.00 Cr.
IPO Subscription :
106.81 X     
PE Multiple :
37.68
Merchant Banker :
Axis Capital Limited
IPO Registrar:
Link Intime India Private Limited

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FAQs

Laxmi Organic Industries operates in Chemical - Speciality and Manufacturers Of Speciality Chemical. The Issue is listed on MainBoard in Mar, 2021. Laxmi Organic Industries IPO size was 600.00 Cr. with Issue price of 130.00 .

Merchant Banker(s) of Laxmi Organic Industries IPO: Axis Capital Limited , Dam Capital Advisors Limited (Formerly Idfc Securities Limited)

Laxmi Organic Industries IPO subscription was 106.81 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Laxmi Organic Industries IPO listed at a listing price of 164.60 against the offer price of 130.00.

The current market price of Laxmi Organic Industries is 230.71.

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