Specialty chemicals company Laxmi Organics files DRHP for Rs 800-crore IPO
The IPO consists of a fresh issue of Rs 500 crore and an offer for sale of Rs 300 crore by promoter Yellow Stone Trust. December 16, 2020 / 11:43 AM IST
In the season of IPOs, Laxmi Organics, a leading manufacturer of acetyl intermediates and specialty intermediates, could be the newest entrant. The company has filed the draft red herring prospectus (DRHP) with the capital market regulator Sebi for its maiden public issue.
The initial public offering consists of a fresh issue of Rs 500 crore and an offer for sale of Rs 300 crore by promoter Yellow Stone Trust.