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.