Laxmi Organic IPO

Specialty Chemical Company, Laxmi Organics’ Rs 600 crore IPO opens on March 15, 2021, will contain fresh shares of Rs 300 crores and OFS of Rs 300 crores equities from the promoter, Yellow Stone Trust. The company has filed the Draft Red Herring Prospectus seeking SEBI’s go ahead.

Laxmi Organic IPO

Issuer

Laxmi Organic Industries Limited IPO

IPO Date : 15th March 2021 - 17th March 2021
Price Band
₹129 to ₹130 per equity share

Issue Size
₹600 Cr

Face Value
₹2 per equity share

Market Lot
115 Shares

Listing At
NSE,BSE
₹0 Free Equity Delivery
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LAXMI ORGANICS INFORMATION

Laxmi Organics is the flagship company of the Goenka Group and a part of its conglomerate since 1990. The firm is among the largest in acetyl intermediates and specialty intermediates manufacturing segment has a well-diverse product portfolio. The company will utilise the proceeds from the IPO to set up a fluoro-specialty chemicals manufacturing unit.

Competitive strength

  • Well-diverse portfolio
  • Established track record with three decades of industry presence
  • Global presence with offices in India and Europe
  • Major exporter of a wide variety of chemicals, pharmaceuticals, and packaging products to its global client base

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Laxmi Organics IPO FAQs

What is an IPO?

IPO or initial public offering is a process followed by private companies to become publicly traded firms. Companies sell partial ownership of their firm to general investors to raise capital from the market and get listed in the bourses.

What is Laxmi Organics IPO?

Laxmi Organics has filed DRHP with SEBI to launch Rs 800 crores IPO with a face value of Rs 2 per share. The offer size comprises of Rs 500 crores of fresh shares and Rs 300 crores worth of offer for sale equities from promoters.

How to apply in Laxmi Organics through Angel One?

Investors can use our website or mobile app to apply for Laxmi Organics IPO. They need to login to their user portal to find the list of all current IPOs.

When will Laxmi Organics IPO open?

There is no confirmation on the dates yet.

What is the lot size of Laxmi Organics IPO?

The total offer size is Rs 800 crores, comprising both fresh equities and offer for sale scrips. However, the company didn’t reveal the lot size yet.

How to apply for Laxmi Organics IPO?

You can apply through a broker like Angel One or your net banking platform. To receive the shares, you will need to open a Demat account. Open your first Demat account with Angel One. Click here.

When will Laxmi Organics IPO get allocated?

The date is not revealed.

When is the Laxmi Organics IPO listing date?

There is no update on the date of listing yet.

How do you pay for Laxmi Organics IPO using UPI?

You will have to make payment using UPI payment platforms. You will have to register your bank account with interfaces like BHIM or GPay. You will receive the payment request on your UPI id to block your bid.

How will I receive the Laxmi Organics IPOs?

After finalisation of allotment, the shares will be delivered to your Demat account. Open your Demat account in easy steps with Angel One. Click here.

How to apply for Laxmi Organics IPO

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