Global stock prices were off to a solid start while U.S. bond yields hovered near a 13-month peak on Monday as investors bet U.S. economic growth will accelerate after the passing of a massive stimulus package
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 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
Stock Market Highlights: Sensex ends 397 pts lower; Nifty below 15k; capital goods, bank, pharma stocks drag
Stock Market News Update Today: Bajaj Finserv, Bajaj Finance, Bajaj Auto, Larsen & Toubro, Dr. Reddy s Laboratories were among top losers, while Mahindra & Mahindra, Power Grid Corporation, IndusInd Bank, HCL Technologies and State Bank of India were among notable gainers.
BusinessToday.In | March 15, 2021 | Updated 16:27 IST
Share Market LIVE News: Bajaj Finserv, Bajaj Finance, Bajaj Auto top losers
The Indian stock market ended lower for second straight session on Monday, albeit paring more than half of early losses, weighed down by weak macro data and partial lockdown in certain states in wake of rise in COVID-19 cases. The BSE Sensex ended 397 points or 0.78 per cent lower at 50,395, and the NSE Nifty settled at 14929.5, down by 101.45 points or by 0.67 per cent. In the bearish trade, the BSE Sensex and NSE Nifty touched intraday low of 49,799 and 14,745, respectivel