Laxmi IPO

Laxmi Organics

₹14,835 /115 sharesMinimum Investment

Laxmi IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
15 Mar ‘21 - 17 Mar ‘21₹14,835115₹129 - ₹130
Issue SizeIPO Doc
3.26CrRHP PDF
Subscription Status As on 17 Mar '21, 5:30 PMRetail Individual Investor
20.00x
Non-Institutional Investor
217.62x
Qualified Institutional Buyers
175.43x
About LaxmiLaxmi 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.;
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
Laxmi Organic Industries Limited is the leading manufacturer of ethyl acetate with a significant market share. 
It was the largest exporter of ethyl acetate from India in the six months ending September 2020.
Laxmi Organic is the only Indian manufacturer of diketene derivatives.
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. 
Currently, the company has two strategically located manufacturing facilities in Mahad, Maharashtra, which are in close proximity to several ports. 
Laxmi Organic has two R&D Facilities.
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).
The industry in which Laxmi Organic operates has high entry barriers.
All the manufacturing facilities of the company are located in one geographical area. Therefore, any disruption can affect its production capabilities and profitability.
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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For Laxmi Organic IPO, eligible investors can apply as 

Bidding Dates	Min. Investment	Lot Size	Price Range
15 Mar ‘21 - 17 Mar ‘21	₹14,835	115	₹129 - ₹130

Issue Size	IPO Doc
3.26Cr	RHP PDF

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