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The fund-raising committee on October 10 approved the allotment of 9,625,579 equity shares of face value of Rs 2 at an issue price of Rs. 269.20 a share

Laxmi Organic Industries is a speciality chemical manufacturer, focused on two key business segments: Acetyl Intermediates and Speciality Intermediates

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 almo...

IPO week to increase volatility in markets ​ By Arun Kejriwal ( IANS) | Published on ​ Sun, Mar 14 2021 14:03 IST | ​ 5 Views   IPO proceeds in India rises 61% in 2020, sentiments revive in Q4. Image Source: IANS News Markets continued their volatile way in the four-day trading week gone by. We saw markets opening with a gap on Monday as expected but profit taking followed. The gains continued on Tuesday and Wednesday before the holiday on Thursday. Friday saw markets opening strong but were rattled by savage profit taking which saw more than half the weekly gains being erased. BSE...

Laxmi Organic proposes to utilise the net proceeds from the fresh issue towards repayment of borrowings, funding of working capital requirements and for general corporate purposes.