Laxmi Organic IPO Reviews, Dates, Price Band, Market Lot & Financial Details.
Laxmi Organic IPO has announced its IPO dates and you can apply for IPO between 15 March and 17 March 2021. The organization manufactures primary products of acetyl solution. They trade their business in UK, Netherland, Dubai, etc. Laxmi Organic is planning to raise ₹600 Cr. through an IPO. Check out more details given below for an IPO.
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Laxmi Organic IPO Dates & Price Band:
| Open Date | 15th March 2021 |
| Close Date | 17th March 2021 |
| Total Size of IPO | ₹600 Cr. |
| Face Value | ₹2 |
| Price Band | ₹129 to ₹130 Per Share |
| Listing on | BSE & NSE |
| Retail Investor’s Portion | 35% |
Laxmi Organic IPO Market Lot:
| Application | Lot | Shares | Cut Off Amount |
| Minimum (RII) | 1 | 115 | ₹14950 |
| Maximum (NII) | 13 | 1495 | ₹194350 |
IPO Allotment & Listing Dates:
Allotment Date for Laxmi Organic – 22nd March 2021
Refund Date for Laxmi Organic – 23rd March 2021
Credit of Shares to Demat Account – 24th March 2021
Listing Date for Laxmi Organic – 25th March 2021
Objectives of Issue:
- To finance expand the SI manufacturing business.
- To finance the machinary and land required for SI manufacturing plant.
- To repay company borrowings.
- To meet general corporate issues.
Applying Laxmi Organic IPO through the form:
Besides applying IPOs through ASBA application or through Demat accounts you can also apply to IPOs with the help of forms provided by NSE or BSE. This is one of the traditional and safe ways to apply for an IPO subscription. Download the form through this link and fill the form carefully. You have to submit your filled form to the bank or broker.
Financials of Laxmi Organic IPO:
| Year | Revenue | Expense | Net Income |
| 2018 | – | – | – |
| 2019 | – | – | – |
| 2020 | – | – | – |
Our Teams Perspective:
Overall valuation and financials of the company are looking attractive. It would be a good play for the long term.
NOTE: Consult your financial advisor before applying for IPO.