Laxmi Organic IPO Review Allotment Price Issue & Listing Date All Details

Now, it will be interesting to watch the impact on the public investment when Laxmi Organic Industries Ltd opens its IPO. Yes, it is true that Laxmi Organic IPO is all set to serve the highest return to all the traders who wait for it. If we talk about the company then it is a specialty chemical manufacturer that operates in 2 business segments. The two business segments where the company commonly works are Acetyl Intermediates (AI) and Specialty Intermediates (SI). The company already containing a very genuine reputation across the world. Also, it is the leading ethyl acetate manufacturer in which the company has a 30% market share in Indian ethyl acetate.

Apart from this, the company is the only manufacturer of diketene derivatives in India. If we talk about its AI Segment then it includes ethyl acetate, fuel-grade ethanol, acetaldehyde,  and other proprietary solvents. On the other hand, the SI Segment includes ketene, amides, acetic anhydride, arylides  diketene derivatives namely esters,  and other chemicals. The products of Laxmi Organic Industries Ltd are totally genuine and coming into use in various industries. The company has many regular clients who taking all the products without any hesitation. Another brilliant part of the company is that it also has global footprints in 30 countries.

Laxmi Organic IPO Tentative Timetable

All the details related to the upcoming Laxmi Organic IPO are given below. If we talk about the promoters of the company then Yellow Stone Trust and Ravi Goenka are the main promoters. Now, the company opens its Initial Public Offer to invite the local public to raise the company’s fund. If you also want to purchase the lot then you need to wait for 15th March 2021. The opening date of the IPO will be very soon coming. The public can submit their applications till 17th March 2021 and after that, the company allot the shares on 22nd March 2021 to the traders.

Laxmi Organic IPO All Details

The upcoming IPO of the company will be a very genuine chance for all the traders to get a boost in their income. All the people who have knowledge about purchasing and selling the share at a correct time, always living in the profit. The face value of Laxmi Organic IPO is Rs. 2 per equity share and the price of the IPO is set to Rs. 129 to Rs. 130 per equity share. The single lot of minimum lot that will be list in BSE & NSE for IPO with a quantity of 115 shares. The maximum lot will contain 1495 shares of Rs. 194,350. So, if you able to purchase the maximum lot then you have an option to play in a very huge market by investing such a big amount in the share market.

Conclusion

Now, everyone knows that the company invites the public to invest their money in the company via IPO. It is the best way to raise funds in a legal way which also helps all the people who want to get a very genuine and high return on their investment. Also, not every time, the investment gives, at many times, investment also takes a very huge amount from the traders. It is all about mind, if you make your decision with proper knowledge then you will never ever face any loss in the market. Otherwise, if you ever face a loss then it will be a natural cause and not your default. Laxmi Organic IPO will be very soon available and a very huge amount of traders are waiting for the IPO. Stay connected with us because we will here always update every detail related to the topic.