The shares of the speciality chemical manufacturer are likely to be listed on March 25
Laxmi Organic Industries Rs 600 crore initial public offering (IPO) will open for bidding today and will close on March 17. The company has fixed the price band at Rs 129-130 per share and expects to raise Rs 600 crore at the higher end of the price band. The shares of the speciality chemical manufacturer are likely to be listed on the bourses on March 25.
Laxmi Organic Industries primary market offering comprises a fresh issue of Rs 300 crore and an offer for sale of Rs 300 crore by the promoter group, Yellowstone Trust. Bids can be placed for a minimum 115 equity shares and in multiples of 115 equity shares, extending up to 13 lots.
Laxmi Organic Industries IPO Oversubscribed On First Day Of The Issue Retail investors were seen bidding for the IPO in large numbers as the portion reserved for them was subscribed 1.88 times.
Updated: March 15, 2021 4:27 pm IST
Laxmi Organic Industries share sale via initial public offering (IPO) was oversubscribed on first day of the issue. Laxmi Organic Industries IPO was subscribed 1.8 times till 4:10 pm on the opening day of the issue. Laxmi Organic Industries received over 5.84 crore bids for 3.25 crore shares on the offer, data from the National Stock Exchange showed. The issue received over 4.4 crore bids at the cut off price, according to NSE.
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