Updated Mar 16, 2021 | 09:52 IST
Of the total Rs 800 crore funds of Rs 500 crore will flow to the company and will be utilized towards capacity expansion in SI business and towards expansion in the fluorospeciality chemicals. Representational Image
Laxmi Organics IPO issue opens today (March 15, 2021) and closes on March 17, 2021. The price band of Rs 129 to Rs 130 per share.
Laxmi Organic Industries (“Laxmi Organic”) was incorporated on May 15, 1989. The company is a leading manufacturer of Acetyl Intermediates (AI) and Specialty Intermediates (SI) with almost 3 decades of experience in the large scale manufacturing of chemicals.
Laxmi Organic is currently among the largest manufacturers of ethyl acetate in India with a market share of approximately 30% of the Indian ethyl acetate market. In 2010, Laxmi Organic commenced manufacturing the Specialty Intermediates by acquiring Clariant’s diketene business. The company is the only manufacture