Page 2 - குபர் இந்தியா News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from குபர் இந்தியா. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In குபர் இந்தியா Today - Breaking & Trending Today

Laxmi Organic IPO sails through within 3 hours of bidding

NEW DELHI: The IPO of Laxmi Organic was subscribed 2.28 times on the first day of the bidding process on Monday. The company plans to raise Rs 600 crore.
The issue received 7,42,26,635 bids as of 5 pm, against a total offer of 3,25,58,138 shares.
The issue is priced in the range of Rs 129-130 per share. Dealers of unlisted shares said the stock is trading at Rs 232-235 range in the grey market, meaning a premium of 81 per cent over the upper limit of the price band.
“At Rs 130, the stock is available at 48.8 times FY20 EPS. We believe valuations are on the higher side given it is a commodity business. We also believe that upcoming incremental opportunity from fluoro specialties division for three/four years forward is also largely discounted in the price and thus leaves limited opportunity on the table,” said Mitesh Shah and Dhavan Shah of ICICI Securities. ....

Abu Dhabi , Abuz Aby , United Arab Emirates , Sagar Shah , Jyoti Roy , Saurabh Joshi , Mitesh Shah , Dhavan Shah , Aditya Birla Mutual Fund , Nomura India Equity Fund , Aarti Industries , Mutual Fund , Abu Dhabi Investment Authority , Goldman Sachs , Fine Organics Industries , Theleme India Master Fund , Ashoka India Opportunities Fund , Malabar India Fund , Marwadi Financial Services , India Acorn Fund , Prudential Mutual Fund , Laxmi Organic , Yellowstone Chemicals , Kuber India , Aditya Birla Mutual , Laxmi Organic Ipo Subscription Status ,

Laxmi Organic Industries IPO opens today: All you need to know

Laxmi Organic Industries IPO opens today: All you need to know
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

Abu Dhabi , Abuz Aby , United Arab Emirates , Aditya Birla Mutual Fund , Nomura India Equity Fund , Mutual Fund , Abu Dhabi Investment Authority , Goldman Sachs , Theleme India Master Fund , Ashoka India Opportunities Fund , Malabar India Fund , Ashok India Opportunities Fund , Kotak Mutual Fund , Yellowstone Fine Chemicals Private Limited , India Acorn Fund , Prudential Mutual Fund , Laxmi Organic Industries , Sullivan Report , Yellow Stone Trust , Portfolio Investors , Kuber India , India Acorn , India Fund , Laxmi Organic , Acetyl Intermediaries , Specialty Intermediates ,

Laxmi Organic IPO: Laxmi Organic IPO opens on Monday. Should you go for it?

Explore Now
NEW DELHI: Laxmi Organic, a manufacturer of industrial chemicals, is set to hit the primary markets on Monday. While the IPO has been touted as aggressively priced, a huge demand in the unofficial markets hints at bumper subscription.
Laxmi Organic has fixed the price band for its issue at Rs 129-130 per share. The Rs 600-crore issue would comprise issuance of fresh equity shares aggregating Rs 300 crore and an offer for sale (OFS) of shares aggregating up to Rs 300 crore.
“At Rs 130, the stock is available at 48.8 times FY20 EPS. We believe valuations are on the higher side, given it is a commodity business. We also believe that upcoming incremental opportunity from fluoro specialties division for three/four years forward is also largely discounted in the price and thus leaves limited opportunity on the table,” said Mitesh Shah and Dhavan Shah of ICICI Securities. ....

Abu Dhabi , Abuz Aby , United Arab Emirates , Sagar Shah , Jyoti Roy , Saurabh Joshi , Mitesh Shah , Dinesh Gupta , Dhavan Shah , Aditya Birla Mutual Fund , Nomura India Equity Fund , Fine Organic Industries , Mutual Fund , Abu Dhabi Investment Authority , Goldman Sachs , Theleme India Master Fund , Ashoka India Opportunities Fund , Malabar India Fund , Marwadi Financial Services , India Acorn Fund , Prudential Mutual Fund , Laxmi Organic , Unlisted Zone , Yellowstone Chemicals , Kuber India , Aditya Birla Mutual ,

Laxmi Organics raises Rs 180 crore from anchor investors ahead of IPO

Laxmi Organics raises Rs 180 crore from anchor investors ahead of IPO
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

Abu Dhabi , Abuz Aby , United Arab Emirates , United Kingdom , Life Insurance Co Ltd , Nomura India Equity Fund , Mutual Fund , Abu Dhabi Investment Authority , Goldman Sachs , Theleme India Master Fund , Laxmi Organics Industries On , Ashoka India Opportunities Fund , Malabar India Fund , Prudential Mutual Fund Kotak , India Acorn Fund , Laxmi Organics Industries , Kuber India , Mutual Fund Kotak , Insurance Co Ltd , Mumbai Based Laxmi Organics , Chemcon Specialty , ஒன்றுபட்டது அரபு அமீரகங்கள் , ஒன்றுபட்டது கிஂக்டம் , வாழ்க்கை காப்பீடு இணை லிமிடெட் , நொமுர இந்தியா பங்கு நிதி , பரஸ்பர நிதி ,

Laxmi Organic raises ₹180 crore ahead of IPO - The Hindu BusinessLine

Laxmi Organic raises ₹180 crore ahead of IPO
March 12, 2021
×
Laxmi Organic Industries Ltd, a Mumbai-based specialty chemicals manufacturer, has raised ₹180 crore from 15 anchor investors a day prior to the opening of its initial public offering (IPO).
The company allocated 1.38 crore shares at ₹130 per share on Friday, it informed the bourses.
Eight foreign portfolio investors who participated in the anchor were Nomura India Equity Fund, Abu Dhabi Investment Authority, Goldman Sachs, Kuber India (Plutus), Theleme India Master Fund, Malabar India Fund, Ashoka India Opportunities Fund, India Acorn Fund. These investors were allocated 78.46 lakh shares for about ₹102 crore.
Malabar India Fund and Ashok India Opportunities Fund have also invested ₹55 crore and ₹35 crore, respectively, in a Pre-IPO round last month. ....

Abu Dhabi , Abuz Aby , United Arab Emirates , Aditya Birla Mutual Fund , Nomura India Equity Fund , Goldman Sachs , Mutual Fund , Abu Dhabi Investment Authority , Theleme India Master Fund , Ashoka India Opportunities Fund , Malabar India Fund , Laxmi Organic Industries Ltd , Kotak Mutual Fund , Ashok India Opportunities Fund , India Acorn Fund , Prudential Mutual Fund , Kuber India , India Acorn , India Fund , Laxmi Organics , Laxmi Organic , Laxmi Organic Ipo , Laxmi Organic Raise Funds , ஒன்றுபட்டது அரபு அமீரகங்கள் , நொமுர இந்தியா பங்கு நிதி , கோல்ட்மேன் சாக்ஸ் ,