Laxmi Organic Industries IPO: Check IPO Details, Date, Price | Espresso


Laxmi Organic Industries Limited IPO – Mar 15 to 17

March 10, 2021
Laxmi Organic Industries Limited IPO – Mar 15 to 17

Laxmi Organic Industries Limited is coming out with a fresh public issue to raise Rs 600 crores from the market.

Key details of the issue:

  • Issue opens – Mar 15 (Monday)
  • Issue closes – Mar 17 (Wednesday)
  • Issue size – Rs 600 crores
  • Price band – Rs 129 to 130 per equity share
  • Bid lot – 115 shares and in multiples thereof

And here are some details of the company and further details on the Laxmi Organic Industries Limited issue.

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, the company has been on a journey of transformation.

The 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, the company’s market share in the ethyl acetate market will be further enhanced.

The company 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).

The company’s products are currently divided into two broad categories:

  • Acetyl intermediates – Includes ethyl acetate, acetaldehyde, fuel-grade ethanol and other proprietary solvents
  • Specialty intermediates – Includes ketene and diketene derivatives like esters, acetic anhydride, amides, arylides and other chemicals

The company’s products find application in various high-growth industries, including pharmaceuticals, agrochemicals, dyes and pigments, inks and coatings, paints, printing and packaging, flavours and fragrances, adhesives and other industrial applications.

Over the years, the company has significantly expanded its 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.

The company has offices in Leiden (Netherlands), Shanghai (China) and Sharjah (United Arab Emirates), which enables it to assess international demand and increase customer outreach, thereby bolstering product development initiatives.

The company currently has two manufacturing facilities in Mahad, Maharashtra, with one facility dedicated to acetyl intermediates and another dedicated to specialty intermediates. It also has two distilleries located in Satara and Kolhapur districts in Maharashtra.

The company has two Department of Scientific and Industrial Research, Government of India 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 size:

Rs 600 crores

Issue break-up:

  • QIB – 50% of the offer – Rs 300 crores

  • NIB – 15% of the offer – Rs 90 crores

  • RET – 35% of the offer – Rs 210 crores




Link Intime India Private Limited


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