[Live] Laxmi Organic IPO: Subscription Status, LXCHEM Allotment Status, GMP Today, Dates

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Short Info: लक्ष्मी आर्गेनिक आईपीओ सब्सक्रिप्शन स्टेटस, ग्रे मार्केट प्रीमियम, अलॉटमेंट स्टेटस 2021 | lxchem Laxmi Organic Industries Limited IPO: Review, Apply Online, Subscription Status, Allotment Status & Grey Market Premium (NSE & BSE India). Laxmi Organic IPO Subscription Status | Laxmi Organic GMP Today | Laxmi Organic IPO Allotment Status | Laxmi Organic IPO Price, Timetable, Listing Date, Share Price, Issue Date, Lot Size & Review at Official Website www.nseindia.com,www1.nseindia.com & www.bseindia.com.

Short Article Details:
Name of Article Laxmi Organic IPO
IPO Subscription Active
Article Published On 03/15/2021
Article Updated on  03/15/2021

Table of Content

लक्ष्मी आर्गेनिक आईपीओ: Laxmi Organic IPO Subscription, Allotment, GMP News Update

Latest News Update: lxchem Laxmi Organic Industries Limited IPO Subscription & Allotment Status, GMP Today
The initial public offering (IPO) of Laxmi Organic Industries was subscribed 2.28 times on March 15, the first day of bidding as investors put in bids for 7.42 crore equity shares against the offer size of 3.25 crore shares, subscription data available on exchanges showed.

Laxmi Organic IPO: Subscription Status, Grey Market Premium & Allotment Status

Summary: The initial public offer (IPO) of Laxmi Organic will open for subscription on Monday, and the company would seek to raise Rs 600 crore through the issue. Laxmi Organic IPO will open for subscription on Monday, March 15, and close on Wednesday, March 17. The price band for Laxmi Organic IPO has been fixed at Rs 129-130. Investors can subscribe to the IPO by betting for a lot of 115 shares or in multiples thereof. Retail investors can bid for a maximum of 13 lots.

The offer includes fresh issue of equity shares aggregating up to Rs 300 crore and an offer for sale up to Rs 300 crore. The total IPO size is Rs 600 crore.The quota for retail investors in Laxmi Organic IPO has been fixed at 35 per cent of the net offer. The QIB quota is fixed at 50 per cent and the NII quota at 15 per cent.

The finalisation of the basis of share allotment is likely to be decided by March 23 and refunds are likely to be initiated by March 23. Meanwhile, credit of shares to the demat accounts is likely to take place by March 24. Laxmi Organic listing is likely by March 25.

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The IPO page of Laxmi Organic captures the details on its Issue Open Date, Issue Close Date, Listing Date, Face Value, Price band, Issue Size, Issue Type, and Listing Date’s Open Price, High Price, Low Price, Close price and Volume. It also captures the Holding Period Returns and Annual Returns.

LXCHEM Laxmi Organic IPO Date, Price Band, Market Lot

Laxmi Organic IPO 2021 – Overview
Name of Article Laxmi Organic Industries Limited IPO 
in Language लक्ष्मी आर्गेनिक इंडस्ट्रीज लिमिटेड आईपीओ
Company Promoters Yellow Stone Trust and Ravi Goenka are the company promoters.
Laxmi Organic IPO Lead Manager(s) Axis Capital Limited
DAM Capital Advisors Ltd (Formerly IDFC Securities Ltd)
IPO Date Mar 15 to Mar 17, 2021
Issue Type Book Built Issue IPO
Issue Size [.] Eq Shares of ₹2
(aggregating up to ₹600.00 Cr)
Fresh Issue [.] Eq Shares of ₹2
(aggregating up to ₹300.00 Cr)
Offer for Sale [.] Eq Shares of ₹2
(aggregating up to ₹300.00 Cr)
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

Laxmi Organic Allotment & Listing Dates

Laxmi Organic Schedule: Allotment & Listing Dates
Event Dates
Bid/Offer Launch date Mar 15, 2021
Bid/Offer Last date Mar 17, 2021
Basis of Allotment finalization date Mar 22, 2021
Initiation of Refunds Mar 23, 2021
Credit of Shares to Demat Acct Mar 24, 2021
IPO Shares Listing Date Mar 25, 2021

LXCHEM Laxmi Organic IPO Subscription Status Live:

Laxmi Organic IPO subscribed 2.28 times. The public issue subscribed 4.34 times in the retail category, 0.01 times in QIB, and 0.49 times in the NII category by Mar 15, 2021 05:00.

Category Subscription Status
Qualified Institutional 0.01 Times
Non Institutional 0.49 Times
Retail Individual 4.34 Times
Employee [.] Times
Others [.] Times
Total 2.28 Times

Laxmi Organic IPO Subscription Status (Day 1 – Till 5)

Laxmi Organic IPO subscribed 2.28 times. Laxmi Organic IPO received bids for 4.34 times issue size in retail, 0.01 times issue size in QIB, and 0.49 times issue size in the Non-institutional category by Mar 15, 2021 05:00.

Category Day 1 Day 2 Day 3
QIB 0.01x 0.00x 0.00x
NII 0.49x 0.00x 0.00x
RII 4.34x 0.00x 0.00x
Total 2.28x 0.00x 0.00x

Laxmi Organic IPO Grey Market Premium (GMP Today)

Specialty Chemical Company, Laxmi Organics’ Rs 600 crore IPO opens on March 15, 2021, will contain fresh shares of Rs 300 crores and OFS of Rs 300 crores equities from the promoter, Yellow Stone Trust. The company has filed the Draft Red Herring Prospectus seeking SEBI’s go ahead.

Laxmi Organic IPO Grey Market Premium Updates

Date GMP Kostak Subject to Sauda
10 Mar 2021 ₹110-120 ₹450 ₹6000

Laxmi Organic IPO GMP Rates day by day with Kotak rates.

  • Grey market premium as on today is ₹90-100, Kostak ₹400 & Subject to Sauda is ₹7000
  • Grey market premium as on 14-03-2021 is ₹90-100, Kostak ₹400 & Subject to Sauda is ₹6000
  • Grey market premium as on 13-03-2021 is ₹90-100, Kostak ₹400 & Subject to Sauda is ₹6000
  • Grey market premium as on 12-03-2021 is ₹110-120, Kostak ₹450 & Subject to Sauda is ₹6000
  • Grey market premium as on 11-03-2021 is ₹80-90, Kostak ₹400 & Subject to Sauda is ₹5000
  • Grey market premium as on 10-03-2021 is ₹80-90, Kostak ₹400 & Subject to Sauda is ₹5000
  • Grey market premium as on 09-03-2021 is ₹120-125, Kostak ₹300 & Subject to Sauda is ₹3000
  • Grey market premium as on 08-03-2021 is ₹120-125, Kostak ₹300 & Subject to Sauda is ₹3000
  • Grey market premium as on 07-03-2021 is ₹N/A, Kostak ₹N/A & Subject to Sauda is ₹N/A
  • Grey market premium as on 06-03-2021 is ₹N/A, Kostak ₹N/A & Subject to Sauda is ₹N/A
  • Grey market premium as on 05-03-2021 is ₹N/A, Kostak ₹N/A & Subject to Sauda is ₹N/A
  • Grey market premium as on 04-03-2021 is ₹N/A, Kostak ₹N/A & Subject to Sauda is ₹N/A

Laxmi Organic IPO Shares Offered

Laxmi Organic IPO is a public issue of 32,558,138 equity shares. The issue offers 16,279,070 shares to retail individual investors, 9,302,324 shares to qualified institutional buyers, 6,976,744 share to non-institutional investors.

Category Shares Offered
QIB 9,302,324
NII 6,976,744
Retail 16,279,070
Total 32,558,138

Laxmi Organic IPO Subscription Process

You can apply in Laxmi Organic IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

How to apply for the Laxmi Organic IPO?

Step 1- You can submit your online application and make the payment through any supported UPI application via brokerages.

Step 2- To be able to create a UPI ID, you need to download the BHIM app, or any other UPI enabled bank application, where you own an account.

Step 3- While filing for the IPO make sure you mention the correct UPI ID.

Step 4- And after filling the application, the subscriber can submit the same to its financial advisor or brokerage.

Step 5- A request for blocking funds will be sent to the subscriber on the UPI mobile application. The subscriber would need to enter the UPI PIN to approve the block mandate.

Step 6- The funds will get blocked in the subscriber’s bank account, and once the allotment is done, the money will be debited from the blocked sum.

Nazara Technologies using Zerodha app

Login to Zerodha Kite console

Nazara Technologies using ICICI Direct app

Login to ICICIdirect.com.

Nazara Technologies using Angel Broking app

Log in to Angel Broking apps

Nazara Technologies IPO Online via Groww

go to https://groww.in/ipo.

How to check Laxmi Organic IPO Allotment status?

Those who bid for the issue can check share allotment status on: www.linkintime.co.in, the online portal of Link Intime India Private Limited, the registrar to the IPO. The registrar to an issue is a Sebi-registered entity, qualified to act as such, and which electronically processes all applications and carries out the allotment process as per the prospectus.

Here’s how to check Laxmi Organic IPO Karvy, Linkintime, KFintech, BSEIndia & NSEIndia allotment status: If you have bid for the Indian Railway Finance Corporation IPO, you can check your allotment status by following these simple steps:

To check on the stock-exchange website:

Procedure to check Laxmi Organic BSEIndia allotment status Online?

  • To check the Laxmi Organic IPO allotment status, go to the BSE website.
  • Select ‘Equity’ and then from the dropdown, select ‘Laxmi Organic’. Please note that the company will only appear once the allotment is done.
  • Now, enter your application number and PAN.
  • Click on ‘Search’.

Procedure to check Laxmi Organic NSEIndia Allotment status Online?

  • Investors can also check the status of the allotment on the BSE website NSE website.
  • Investors will have to select ‘equity’, and then the issue name as ‘Laxmi Organic’ from the drop-down list, when it gets declared.
  • After that enter application number and PAN (permanent account number).
  • In the last step, click on the search tab to view the status details.

Laxmi Organic IPO Date, Price, GMP, Review, Analysis & Details (NSE & BSE India) 2021

ABOUT IPO Date, Price, GMP, Review, Analysis & Details
Laxmi Organic IPO Subscription Status, Grey Market Premium & Allotment Status: Laxmi Organic IPO Date, Price, GMP, Review, Analysis & Details (NSE & BSE India) 2021 – Laxmi Organic Industries is one of the leading manufacturers of specialty chemicals which have applications in industries such as pharmaceuticals, agrochemicals, paints, printing & packaging, flavours & fragrances and adhesives amongst others. Laxmi Organic is an Acetyl Intermediates and Specialty Intermediates manufacturer with almost 30 years of experience in chemical manufacturing. Laxmi Organics is one of the largest manufacturers of ethyl acetate in India with a 30% market share.

Speciality chemical manufacturer, Laxmi Organic Industries, is set to open its maiden public offer for bidding on March 15. The Rs 600-crore public offer consists of a fresh issue of Rs 300 crore and an offer for sale of Rs 300 crore by promoter Yellow Stone Trust. The issue will close on March 17. The issue size has been reduced to Rs 600 from Rs 800 crore after the pre-IPO placement.

The company has already raised Rs 200 crore by issuing 1,55,03,875 equity shares in a pre-IPO placement, which resulted into reduction of fresh issue size to Rs 300 crore from Rs 500 crore earlier.

Laxmi Organic IPO Lot Size

The Laxmi Organic IPO market lot size is 115 shares. A retail-individual investor can apply for up to 13 lots (1495 shares or ₹194,350).

 Minimum Lot Size:  Minimum 115 Shares
 Minimum Amount:  ₹14950
 Maximum Lot Size:  Maximum 1495 Shares
 Maximum Amount:  ₹194350

Laxmi Organic IPO Promoter Holding

Pre Issue Share Holding 89.51%
Post Issue Share Holding 72.92%

Company Financials:

At the upper end of the price band at Rs 130, the stock is valued at 45 times FY20 EPS of Rs 2.86. The company’s ROE for the past three full financial years stood at 15.99 per cent, 17.46 per cent and 22.13 per cent.

Objects of the Issue:

Laxmi Organic IPO Objects of the Issue
  • Investment in subsidiary firm, Yellowstone Fine Chemicals Private Limited (YFCPL) to partly finance the capex to establish a new manufacturing facility.
  • To invest in YFCPL for financing working capital requirements.
  • To finance the capex for expansion of SI manufacturing facility.
  • To finance business working capital requirements.
  • To purchase plant and machinery for infrastructure development at SI facility.
  • To make prepayment or repayment of borrowings availed by the company and subsidiary, Viva Lifesciences Pvt Ltd (VLPL).
  • To meet general corporate purposes.

Competitive strengths

Key Things Before Investing in Laxmi Organic
  • Leading manufacturer of ethyl acetate in India.
  • Largest manufacturer of diketene derivative products.
  • Diversified customer base across industries.
  • Strategically located manufacturing facilities.
  • Consistent financial performance.

Laxmi Organic IPO Registrar

Laxmi Organic IPO Registrar Details
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083Phone: +91-22-4918 6270
Email: laxmiorganic.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Company Contact Information

COMPANY CONTACT NUMBER & ADDRESS
Laxmi Organic Industries Limited
A-22/2/3, MIDC,
Mahad, Raigad– 402 309Phone: +91-2145-232424
Email: investors@laxmi.com
Website: http://www.laxmi.com/

Laxmi Organic IPO Subscription FAQs:

When Laxmi Organic IPO will open?

The Laxmi Organic IPO opens on Mar 15, 2021, and closes on Mar 17, 2021.

When Laxmi Organic IPO will open for QIB, NII, and Retail?

The IPO is to open on 15 March 2021 for QIB, NII, and Retail Investors.

How to Apply the Laxmi Organic IPO?

You can apply Laxmi Organic IPO via ASBA online via your bank account. You can apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Laxmi Organic IPO through Zerodha?

Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Laxmi Organic”. Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.

What is Laxmi Organic IPO Size?

Laxmi Organic IPO size is ₹600 crores.

What is Laxmi Organic IPO Price Band?

Laxmi Organic IPO Price Band is ₹129 – ₹130.

What is Laxmi Organic IPO Minimum and Maximum Lot Size?

Laxmi Organic IPO lot size is 115 Shares and the minimum order quantity is 115 Shares.

How to subscribe Laxmi Organic?

You can go with ASBA and Non ASBA option for subscription. Go to your bank account and apply IPO online via ASBA or download form online or get the physical form and submit the filled form to your broker or bank.

When Laxmi Organic IPO Subscription will start?

The IPO subscription starts on 15 March 2021 for QIB, NII, and Retail Investors.

How to check Laxmi Organic allotment status?

The Laxmi Organic IPO allotment status is expected on or around Jan 28, 2021. Visit Laxmi Organic IPO allotment status to check.;

What is Laxmi Organic IPO Allotment Date?

Laxmi Organic IPO allotment date is 22 March 2021.

What is Laxmi Organic IPO Listing Date?

Laxmi Organic IPO listing date is 25 March 2021. The IPO to list on BSE and NSE.

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