The chemical manufacturer s ₹ 600 crore IPO opened for bidding on March 15 and closed today, March 17, remaining open for subscription for a period of three days. Laxmi Industries fixed the price band at ₹ 129-130 per share. Through its initial public offer, the company expects to raise ₹ 600 crore at the higher end of the price band. The shares of Laxmi Organic Industries may get listed on the bourses on March 25.
Laxmi Organic Industries is the leading manufacturer of ethyl acetate in the country and was incorporated in 1989. The firm is a specialty chemical manufacturer and operates in two major business segments - acetyl intermediates and specialty intermediates. It is the only manufacturer of diketene derivatives in the country and has over 30 per cent market share in the Indian ethyl acetate market.
The shares of the speciality chemical manufacturer are likely to be listed on March 25
Laxmi Organic Industries Rs 600 crore initial public offering (IPO) will open for bidding today and will close on March 17. The company has fixed the price band at Rs 129-130 per share and expects to raise Rs 600 crore at the higher end of the price band. The shares of the speciality chemical manufacturer are likely to be listed on the bourses on March 25.
Laxmi Organic Industries primary market offering comprises a fresh issue of Rs 300 crore and an offer for sale of Rs 300 crore by the promoter group, Yellowstone Trust. Bids can be placed for a minimum 115 equity shares and in multiples of 115 equity shares, extending up to 13 lots.
Laxmi Organic Industries initial public offer (IPO) will open for subscription today. The speciality chemicals manufacturer plans to raise Rs 600 crore through the IPO which will close on March 17. The price band for the issue has been fixed at Rs 129-13
Laxmi Organic Industries IPO Oversubscribed On First Day Of The Issue Retail investors were seen bidding for the IPO in large numbers as the portion reserved for them was subscribed 1.88 times.
Updated: March 15, 2021 4:27 pm IST
Laxmi Organic Industries share sale via initial public offering (IPO) was oversubscribed on first day of the issue. Laxmi Organic Industries IPO was subscribed 1.8 times till 4:10 pm on the opening day of the issue. Laxmi Organic Industries received over 5.84 crore bids for 3.25 crore shares on the offer, data from the National Stock Exchange showed. The issue received over 4.4 crore bids at the cut off price, according to NSE.
Updated Mar 03, 2021 | 13:36 IST
The IPO market is burgeoning with offers owing to cheap liquidity, right market conditions. Most public offers issued in the first two months of 2021 got oversubscribed multiple times and gave listing gains It s raining IPOs: 10 public issues likely to hit market in March | Photo Credit: Thinkstock
Riding on wave of bull market at least 1o companies have lined up their initial public offers (IPOs) in the month of March.
Among those looking to cash in the exuberance of secondary market include MTAR Technologies, Kalyan Jewellers India, Power Grid Corporation InvIT, Anupam Rasayan, Laxmi Organic Industries, Suryoday Small Finance Bank, Craftsman Automation, Barbeque Nation Hospitality, Nazara Technologies, Aadhar Housing Finance and India Pesticides, among others.