Laxmi Organic Industries Limited is a speciality chemicals manufacturer. It’s business segments are Acetyl intermediates and Speciality inter mediates. Soon the company will also start manufacture Fluro speciality chemical products and it may help them increase their margin. They are the largest manufacture of ethyl acetate in India and have a market share of 30%. They are the only manufacturer of diketene derivatives in India with a market share of approximately 55% of the Indian diketene derivatives market. Their revenue from sales in India is 76.71%. They also export to Europe, Middle East, Africa and China. There ae two strategic manufacturing facilities
Laxmi Organic Financials
|
|
Total Assets |
Total Revenue |
Profit After Tax |
|
31-Mar-18 |
8,947.38 |
13,960.75 |
756.95 |
|
31-Mar-19 |
10,144.88 |
15,685.23 |
723.91 |
|
31-Mar-20 |
10,706.33 |
15,386.21 |
702.12 |
|
30-Sep-20 |
10,371.32 |
8,143.55 |
454.84 |
|
(in millions) |
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Objectives of the issue
· Investment in YFCPL for part-financing its capital expenditure requirements in relation to the setting up of the Proposed Facility.
· Investment in YFCPL for funding its working capital requirements of YFCPL.
· Funding capital expenditure requirements for expansion of our SI Manufacturing Facility.
· Funding working capital requirements of our Company.
· Purchase of plant and machinery for augmenting infrastructure development at our SI Manufacturing Facility.
· Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company and VLPL.
· General corporate purposes.
           
Laxmi Organic IPO details
|
IPO Opening Date |
March 15, 2021 |
|
IPO Closing Date |
March 17, 2021 |
|
Face value |
₹2 per equity share |
|
Issue Type |
Book built issue |
|
IPO Price Band |
₹129 to ₹130 per equity share |
|
Market Lot |
115 Shares |
|
Minimum Order Quantity |
115 Shares (1 Lot - ₹14,950) |
|
Maximum Order Quantity |
115 Shares ( Lots - ₹1,94,350) |
|
Retail Portion |
35% |
|
Listing At |
BSE, NSE |
|
Issue Size |
₹ 600 Cr |
|
Fresh Issue |
₹ 300 Cr |
|
Offer For Sale |
₹ 300 Cr |
|
Grey market premium indicates good listing gains. |
|
Laxmi Organic IPO Important Dates
|
IPO Open Date |
March 15, 2021 |
|
IPO Close Date |
March 17, 2021 |
|
Basis of Allotment |
March 22, 2021 |
|
Initiation of Refunds |
March 23, 2021 |
|
Credit of Shares to Demat Account |
March 24, 2021 |
|
IPO Listing Date |
March 25, 2021 |
Laxmi Organic Promoters & Promoter holding
|
Promoters |
§ Ravi Goenka § Yellow Stone Trust |
|
|
Promoter holding |
Pre issue |
89.51% |
|
Post Issue |
72.90 |
|
Laxmi Organic Contact Information
Laxmi Organic Industries Limited
A-22/2/3, MIDC, Mahad,
Raigad– 402 309.
Email: investors@laxmi.com
Website: www.laxmi.com
Telephone: +91-22-49104444
Laxmi Organic IPO Prospectus
· Laxmi Organic IPO DRHP
· Laxmi Organic IPO RHP
Laxmi Organic IPO Registrar
Link Intime India Private Limited
C101, 247 Park L.B.S. Marg, Vikhroli (West)
Mumbai - 400 083, Maharashtra.
Telephone: +91 22 4918 6200
Email: laxmiorganic.ipo@linkintime.co.in
Website: www.linkintime.co.in
Check Laxmi Organic IPO allotment status: https://www.linkintime.co.in/IPO/public-issues.html
Laxmi Organic IPO Book Running Lead Managers
· Axis Capital Limited
· DAM capital advisory services Limited