Company Promoters:

Ravi Goenka  & Yellow Stone Trust  are the company promoters.


Company Details:-

    Laxmi Organic Industries Limited is a leading manufacturer of Acetyl Intermediates and Specialty Intermediates with almost three decades of experience in large scale manufacturing of chemicals. Since their inception in 1989, Company has been on a journey of transformation.  Company is currently among the largest manufacturers of ethyl acetate in India with a market share of approximately 30% of the Indian ethyl acetate market (source: Frost & Sullivan Report). Further, post completion of the YCPL Acquisition, their market share in the ethyl acetate market will be further enhanced.

    Laxmi Organic is the only manufacturer of diketene derivatives in India with a market share of approximately 55 % of the Indian diketene derivatives market in terms of revenue in Fiscal 2020 and one of the largest portfolios of diketene products (source: Frost & Sullivan Report). Company’s products are currently divided into two broad categories, namely the Acetyl Intermediates and the Specialty Intermediates. The Acetyl Intermediates include ethyl acetate, acetaldehyde, fuel-grade ethanol and other proprietary solvents, while the Specialty Intermediates comprises of ketene, diketene derivatives namely esters, acetic anhydride, amides, arylides and other chemicals. Company’s products find application in various high-growth industries, including pharmaceuticals, agrochemicals, dyes & pigments, inks & coatings, paints, printing & packaging, flavours & fragrances, adhesives and other industrial applications.

    Over the years, Laxmi Organic have significantly expanded their scale of operations and global footprint with customers in over 30 countries including China, Netherlands, Russia, Singapore, United Arab Emirates, United Kingdom and United States of America. Company have offices in Leiden (Netherlands), Shanghai (China) and Sharjah (United Arab Emirates) which enables them to assess international demand and increase their customer outreach thereby bolstering their product development initiatives.  Company currently have two manufacturing facilities in Mahad, Maharashtra (the “Manufacturing Facilities”), with one facility dedicated to Acetyl Intermediates (the “AI Manufacturing Facility”) and another dedicated to Specialty

  Intermediates (the “SI Manufacturing Facility”). They also have two distilleries located in Satara district (the  “Jarandeshwar Distillery”) and Kolhapur district in Maharashtra (the “Panchganga Distillery”). Company have two  Department of Scientific and Industrial Research, Government of India (“DSIR”) recognized research and development   facilities, with state-of-the-art research and development infrastructure to synthesise specialty molecules and  advanced intermediates (source: Frost & Sullivan Report).

Issue Details:

Issue Period

Monday, March 15th, 2021

Wednesday, March 17th, 2021.

Price Band

Rs.129/- to Rs.130/- per equity shares.

Bid Lot

115 Equity share and in multiple of 115 equity share thereafter.

Issue Size

Rs. 600.00 Cr.

Issue break-up

QIB  - 50 % of the offer -  Rs. 300.00 Cr

NIB  - 15 % of the offer -  Rs.   90.00 Cr

RET -  35 % of the offer -  Rs. 210.00 Cr

Listing

BSE & NSE

Registrar

Link Intime India Private Limited

UPI

All Retail Applications through brokers are compulsorily in UPI Mode








Allotment DateMar 22, 2021
Refund InitiationMar 23, 2021
Credit of Shares to Demat A/cMar 24, 2021
IPO Listing DateMar 25, 2021