Published on Mar 04, 2023
Laxmi Organics IPO Allotment Status : The Laxmi Organic IPO allotment status will be available on Mar 22, 2021, as per the timeline provided in the red-herring prospectus.
The expected listing price of Laxmi Organic IPO depends on many factors including demand, nature of the business, market environment and state of the economy. The Laxmi Organic IPO grey market premium gives some hint but the actual listing price is difficult to guess.
Below are the steps to check Laxmi Organic IPO allotment status online:
Note: The disabled button shows that the allotment is not yet available online.
The allotment result looks like as below:
Laxmi Organics is currently the only manufacturer of diketene derivatives in India with a market share of approximately 55 % in India in terms of revenue in FY2020. For the six months ended 30 September 2020 and FY2020, the company’s revenue from exports of manufactured products contributed 23.17% and 24.24%, respectively, of its revenue from operations on a standalone basis.
The company currently has two manufacturing facilities in Mahad, Maharashtra, with one facility dedicated to Acetyl Intermediates (installed production capacity – 161,320 MTPA) and another dedicated to Specialty Intermediates (installed production capacity – 78,045 MTPA), which are strategically located in proximity to several ports and each other.
Laxmi Organic IPO details |
|
| Subscription Dates | 15 – 17 March 2021 |
| Price Band | INR129 – 130 per share |
| Fresh issue | INR300 crore |
| Offer For Sale | INR300 crore |
| Total IPO size | INR600 crore |
| Minimum bid (lot size) | 115 shares |
| Face Value | INR2 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
• IPO Opening Date: 15 March 2021
• IPO Closing Date: 17 March 2021
• Finalisation of Basis of Allotment: 22 March 2021
• Initiation of refunds: 23 March 2021
• Transfer of shares to demat accounts: 24 March 2021
• Listing Date: 25 March 2021
• Opening Price on NSE: Coming soon
• Closing Price on NSE: Coming soon
Laxmi Organic Industries Limited
Chandermukhi Building,
2nd and 3rd Floor, Nariman Point,
Mumbai – 400021, Maharashtra
Phone: +91 22 49104467
Email: investors@laxmi.com
Website: www.laxmi.com
