The offer received bids for 19.69 crore shares as against 3.25 crore shares on offer.
The initial public offer (IPO) of Laxmi Organic Industries received bids for 19.69 crore shares as against 3.25 crore shares on offer, according to the stock exchange data at 17:00 IST on Tuesday (16 March 2021). The issue was subscribed 6.05 times.
The issue opened for bidding on Monday, 15 March 2021, and it will close on Wednesday, 17 March 2021. The price band for the IPO is set at Rs 129-130 per share. An investor can bid for a minimum of 115 equity shares and in multiples thereof.
The offer comprises of equity shares aggregating up to Rs 600 crore, comprising a fresh issue of up to Rs 300 crore and an offer for sale of up to Rs 300 crore by the promoter Yellow Stone Trust.