Laxmi Organic Industries Limited
mainboardlistedAbout the company
Laxmi Organic Industries is a leading manufacturer of Acetyl intermediates and specialty chemicals. It is among the largest manufacturers of ethyl acetate in India, with a market share of approximately 30% of the country’s ethyl acetate market. Ethyl acetate is an industrial solvent used in glues, nail polish removers, and in the decaffeination process of tea and coffee.
Strengths
Risks
Financial performance (₹ Cr)
IPO Roadmap / Timeline
IPO Opens
Completed15 Mar 2021Bidding starts for all investor categories
IPO Closes
Completed17 Mar 2021Last day to place your bid
Basis of Allotment
Completed17 Mar 2021Share allotment finalised
Refund Initiation
Completed23 Mar 2021Refunds credited for non-allottees
Credit to Demat
Completed22 Mar 2021Allotted shares credited to demat account
Listing on Exchange
Completed25 Mar 2021Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail | 1 | 115 | ₹14,950 | 13 | ₹194,350 | ≤ ₹2,00,000 |
| sHNI (Small HNI) | 14 | 1610 | ₹209,300 | 66 | ₹986,700 | ₹2L – ₹10L |
| bHNI (Big HNI) | 67 | 7705 | ₹1,001,650 | 72 | ₹1,076,400 | > ₹10L |
Shares reserved per category & allotment probability
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 23,166,023 | 300 | 0 | 0.00x | 100% |
| NII | 15% | 6,949,807 | 90 | 0 | 0.00x | 100% |
| Retail | 35% | 16,216,216 | 210 | 0 | 0.00x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
