Laxmi Organic Industries ia a specialty chemical manufacturer, focused on two key business segments Acetyl Intermediates and Speciality Intermediates. The company is one of the largest manufacturers of ethyl acetate in India with a market share of approximately 30% of the Indian ethyl acetate market. The company has two manufacturing facilities and two distilleries in Maharashtra along with two research and development facilities with state-of-the-art research and development infrastructure to synthesize specialty molecules and advanced intermediates, recognized by the Department of Scientific and Industrial Research (DSIR), Government of India. Its products are being used in various industries like pharmaceuticals, agrochemicals, inks & coatings, dyes & pigments, paints, printing & packaging, etc. Their plants are situated in a chemical park in Raigad, Maharashtra, 150 kilometers South of Mumbai. All of our plants are state-of-the-art and comply with relevant ISO accreditations. The company has a global presence with customers in 30 countries including but not restricted to China, Russia, Singapore, UAE, UK, USA, Netherland, etc. Currently, it has 2 manufacturing facilities in Mahad, Maharashtra for the manufacturing of AI and SI products. It is also proposing to set-up a new manufacturing facility at Lote Parshuram, Maharashtra to manufacture four specialty chemicals.
Points to note before investing in Laxmi Organic Industries Ltd IPO
Company Strengths
Leading manufacturer of ethyl acetate in India
Largest manufacturer of diketene derivative products
Diversified customer base across industries
Company Strategies
Strategically located manufacturing facilities
Consistent financial performance
Mission of European subsidiary
Laxmi Organics Industries Ltd IPO Details
IPO Opening Date
| March 15, 2021
|
IPO Closing Date
| March 17, 2021
|
Issue Type
| Book Built Issue IPO
|
Face Value
| ₹2 per equity share
|
IPO Price
| ₹129 to ₹130 per equity share
|
Market Lot
| 115 Shares
|
Min Order Quantity
| 115 Shares
|
Listing At
| BSE, NSE
|
Allotment , Listing and Refunds details
IPO Open Date
| March 15, 2021
|
IPO Close Date
| March 17, 2021
|
Basis of Allotment Date
| March 22, 2021
|
Initiation of Refunds
| March 23, 2021
|
Credit of Shares to Demat Account
| March 24, 2021
|
IPO Listing Date
| March 25, 2021
|
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