Laxmi Organics
IPO Size
`600 Cr
Price Band
`129 -130 Per Share
Minimum Lot Size
115 shares Share
Face Value
`2 Per Share
Employee Discount
NA
Retail Allocation
NA
Issue Open Date
15 March 2021
Issue Close Date
17 March 2021
Listing Date
IPO Size
Price Band
Minimum Lot Size
Face Value
Employee Discount
Retail Allocation
Issue Open Date
Issue Close Date
Listing Date
Under the flagship of Goenka group, Laxmi Organics initiated its operations in 1992. The company has focused its operations in two segments: Acetyl Intermediates and Speciality Intermediates. Since its inception, the company has maintained its focus on continuous innovation, which has supported the company to address challenges. The company carries a diverse product portfolio and caters 30% of the entire India’s ethyl acetate market and 55% of diktene derivative market. The company claims to have global presence in more than 30 countries including China, Netherlands, Russia, Singapore, United Arab Emirates, United Kingdom and United States of America.
The promoter of the company Yellow Stone Trust.
Offer for Sale: The object of the Offer for Sale is to allow the shareholders to sell an aggregate of up to Rs. 300 crores of Equity Shares held by them. The company will not receive any proceeds from the Offer for Sale.
Fresh Issue: The company has planned to raise fresh capital comprising an aggregate of Rs. 500 Cr. The net proceeds from fresh issue will be utilized for various purposes such as purchase of plant and machinery, setting up manufacturing facility for fluorospecialty chemicals, upgradation of existing units, repayment of debt and augmenting general corporate purposes.