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IPO SnapShot

IPO SnapShot

Laxmi Organic Industries Ltd.

Issue Open Date 15-Mar-21  
Issue Closing Date 17-Mar-21  
Application Money 100  
Allotment Money  
Price Band (Rs.) 129 - 130  
Minimum Bid Quantity. 115  
Issue Size (Shares) 32558138  
Market Lot 1  

Objective :

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.

Business Description

Laxmi Organic Industries is a leading manufacturer of Acetyl Intermediates and Specialty Intermediates with almost three decades of experience in large scale manufacturing of chem...

Promoter's Holding

Total Share Capital   215339729  
Offered to Public   46153846  
Promoter's Holding (Pre-Issue)   89.51  
Promoter's Holding (Post-Issue)   72.92  
Address
A-22/2/3
M I D C
Mahad

Raigad ,
Maharashtra ,
402309
Phone : 02145-232759 / 232424
Email : info@laxmi.com / investors@laxmi.com
Website : www.laxmi.com
Registrar
MUFG Intime India Pvt Ltd.
C 101
247 Park
LBS Marg
Vikhroli (West)
Mumbai
Listed at
BSE, NSE
Lead Manager
Axis Capital Ltd.
Dam Capital Advisors Ltd. (Formerly IDFC Securities Ltd.)
Promoters
Ravi Goenka
Yellow Stone Trust