Laxmi Organic Industries Limited IPO
Laxmi Organic Industries Limited was a mainboard IPO in the Specialty Chemicals sector, offered at ₹129–₹130 per share to raise ₹600 crore. The issue was subscribed 106.79× overall (QIBs 175.43×, NIIs 217.62×, retail 20.06×). It listed on 25 Mar 2021 at ₹156 and closed its first day at ₹164, a listing gain of +26.5% versus the ₹130 issue price. It now trades around ₹153 (+17.5% versus the issue price).
Frequently asked questions
- How many times was the Laxmi Organic Industries Limited IPO subscribed?
- The Laxmi Organic Industries Limited IPO was subscribed 106.79× overall — 175.43× in the QIB category, 217.62× among non-institutional investors, 20.06× in retail.
- What were the Laxmi Organic Industries Limited IPO listing gains?
- Laxmi Organic Industries Limited listed on 25 Mar 2021 at ₹156, closing its first day at ₹164 — a listing gain of +26.5% versus the ₹130 issue price.
- What were the retail allotment odds for the Laxmi Organic Industries Limited IPO?
- Retail was subscribed 20.06×, so a single-lot application had roughly a 5% chance of allotment (about 1 in 20), and allotment was finalised on 19 Mar 2021.
- What was the price band and lot size of the Laxmi Organic Industries Limited IPO?
- The price band was ₹129–₹130 per share, with a minimum lot of 115 shares (₹14,950 at the upper band).
- Who were the registrar and lead manager for the Laxmi Organic Industries Limited IPO?
- Link Intime India Private Limited was the registrar, and Axis Capital was the book-running lead manager.