IPO

Laxmi Organic Industries Ltd IPO

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Initial public offering of up to [*] equity shares of face value of Rs. 2 each (equity shares) of Laxmi Organic Industries Limited (The Company or The Issuer) for cash at a price of Rs. [*] per equity share (Including a premium of Rs. [*] per equity share) (offer price) aggregating up to Rs. 600.00 crore (offer). The offer comprises of a fresh issue of up to [*] equity shares aggregating up to Rs. 300.00 crores (Fresh issue) and an offer for sale of up to [*] equity shares aggregating up to Rs. 300.00 crores by Yellow Stone Trust (promoter selling shareholder), (The offer for sale, and together with the fresh issue, the offer). The offer will constitute [*]% of the post-offer paid-up equity share capital. Price Band : Rs. 129 to 130 per Equity Share of face value of Rs. 2 each. The Floor Price is 64.50 times the face value of the Equity Shares and the Cap Price is 65.00 times the face value of the Equity Shares.

Laxmi Organic Industries Ltd IPO Subscription Details

Company

Laxmi Organic Industries Ltd

Issue Type

(Book Built Portion)

Issue Size (In ` Crore)

600.00 - 604.65

Lot Size

115

Open Date

15 Mar 2021

Close Date

17 Mar 2021

Offer Price

₹129 to ₹130 per equity share

DRHP

Click here


Subscription Status

Category Subscription Status Shares Offered
Qualified Institutional 175.43 Times 9,302,324
Non Institutional 217.62 Times 6,976,744
Retail Individual 20.03 Times 16,279,070
Others - -
Total 106.77 Times 32,558,138


Laxmi Organic Industries IPO Subscription status (Day by Day)
Date QIB NII Retail Total
March-15-2021 5.00 0.01x 0.49x 4.34x 2.28x
March-16-2021 5.00 1.15x 2.48x 10.38x 6.05x
March-17-2021 5.00 175.43x 217.62x 20.03x 106.77x

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How to apply IPO on 5paisa app?

  • Login to your 5paisa Mobile Trading App and select the Laxmi Organic Industries IPO in the current IPO section
  • Enter the number of lots and price at which you wish to apply for
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
  • You will receive a notification to block funds in your UPI app
  • Approve the block request
    

Laxmi Organic Industries Ltd IPO Frequently Asked Questions

Laxmi Organic Industries Ltd is a specialty chemicals manufacturer that operates in 2 business segment Acetyl Intermediates (AI) and Specialty Intermediates (SI) is coming up with its Initial Public Offering on Monday, March 15 with the public issue comprising a issue size of up to ₹600.00 crore.

You can apply for the Laxmi Organic Industries IPO using any supported UPI apps. To Apply on 5paisa App follow the procedure mentioned above. For further details Click Here.

Laxmi Organic Industries IPO will open on March 15, 2021.

The Issue Size of Laxmi Organic Industries IPO is is of face value ₹10 aggregating ₹600.00 Cr.

Laxmi Organic Industries IPO Lot size is 115 equity shares, that means you can apply for one lot consisting 115 equity shares.

Shares of Laxmi Organic Industries will be getting allotted on 22th March, 2021.

Laxmi Organic Industries Shares will be getting listed on 25th March, 2021.

Here is the minimum investment calculation of Laxmi Organic Industries IPO
Lot size – 115 * Issue Price ₹130 = ₹14,950 Hence the minimum investment amount required to invest in Laxmi Organic Industries IPO is 14,950 As per the maximum limit that is allowed by SEBI you can apply for 13 lots.

No, one bank account one IPO application is allowed.

Cut off Price for Laxmi Organic Industries IPO is 14,950

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Contact Details of Laxmi Organic Industries Ltd IPO

Company Contact Information

Laxmi Organic Industries Ltd IPO
A-22/2/3 MIDC,
,
Raigad, Maharashtra 402309.

Phone: 91-2145-232424
Email: Investors@laxmi.com
Website: https://www.laxmi.com/

Laxmi Organic Industries Ltd IPO Register

Link Intime India Pvt Ltd

Laxmi Organic Industries Ltd IPO Lead Manager(s)

  • Axis Capital Ltd
  • DAM Capital Advisors Ltd

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