Laxmi Organic Industries Rs 600-crore IPO to open on March 15 The company, in consultation with the book running lead managers to the issue, undertook a private placement of 15,503,875 equity shares aggregating to Rs 200 crore. Share Via Email | A+A A- By PTI NEW DELHI: Speciality chemicals manufacturer Laxmi Organics Industries on Tuesday fixed a price band of Rs 129-130 a share for its Rs 600-crore initial public offer, which will open for subscription on March 15. The initial public offer (IPO) comprises fresh issuance of shares aggregating to Rs 300 crore and an offer for sale worth Rs 300 crore by the promoter Yellow Stone Trust, Laxmi Organics Industries said.