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Laxmi IPO

Laxmi Organics

₹14,835 /115 sharesMinimum Investment

IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
15 Mar ‘21 - 17 Mar ‘21₹14,835115₹129 - ₹130
Issue SizeIPO Doc
3.26Cr
RHP PDFopen_in_new

Subscription Rate As on 17th Mar 2021, 5:30 PM

  • Retail Individual Investor
    20.00x
  • Non-Institutional Investor
    217.62x
  • Qualified Institutional Buyers
    175.43x

About Company

Laxmi Organic Industries Limited is a leading manufacturer of Acetyl Intermediates and Specialty Intermediates with almost three decades of experience in the large-scale manufacturing of chemicals. 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.
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Parent Organisation
Laxmi Organics
Founded
1989
Managing Director
Ravi Goenka
Laxmi Organic IPO Date, IPO Price, Industry & Latest News | Laxmi Organic Industries IPO

Strengths & Risks

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    Laxmi Organic Industries Limited is the leading manufacturer of ethyl acetate with a significant market share.
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    It was the largest exporter of ethyl acetate from India in the six months ending September 2020.
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    Laxmi Organic is the only Indian manufacturer of diketene derivatives.
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    The company’s products find application in a number of high growth industries including pharmaceuticals, agrochemicals, dyes & pigments, inks & coatings, paints, printing & packaging, flavors & fragrances, adhesives, and other industrial applications.
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    Currently, the company has two strategically located manufacturing facilities in Mahad, Maharashtra, which are in close proximity to several ports.
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    Laxmi Organic has two R&D Facilities.
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    Laxmi Organic has customers in over 30 countries including China, Netherlands, Russia, Singapore, United Arab Emirates, United Kingdom, and the United States of America. Its international operations are supported by its offices in Leiden (Netherlands), Shanghai (China), and Sharjah (United Arab Emirates).
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    The industry in which Laxmi Organic operates has high entry barriers.
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    All the manufacturing facilities of the company are located in one geographical area. Therefore, any disruption can affect its production capabilities and profitability.
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    The company has considerable long-term debt of Rs 90.15 crores. Over the last four years, this has increased at a CAGR of 28.92%.

Financials

*All values are in Rs. Cr
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