Laxmi Organic Industries IPO: So far in 2021, the IPO has earned good money to the investors. The IPO of Laxmi Organic Industries was also subscribed 106.74 times. Shares will be allotted under this IPO on 22 March.
Laxmi Organic Industries IPO: So far in 2021, the IPO has earned good money to the investors. The IPO of Laxmi Organic Industries was also subscribed 106.74 times. Shares will be allotted under this IPO on 22 March. At the same time, the listing of this IPO is to be done on 25 March. Whether or not you get shares in the allotment, you can easily check how many you got. Let’s know what is the way
Check allotment status of IPO in this way
- First of all visit this link https://www.bseindia.com/investors/appli_check.aspx
- Select the option of Equity given on the issue type.
- Select ‘Laxmi Organic Industries IPO’ instead of ‘Issue Name’
- Enter your ‘Application Number’ and ‘PAN’
- By clicking on ‘Search’, you will know whether you get shares or not.
laxmi organic industries ltd ipo subscription status: The company has fixed a price range of Rs 129-130 per share for its initial public offering (IPO) of Rs 600 crore. The company said that Rs 300 crore worth of new shares will be issued in its initial public issue while shares worth Rs 300 crore will be offered for sale on behalf of its promoter Yellow Stone Trust.
Anil Singhvi gave this opinion on this IPO
According to Anil Singhvi, managing editor of Zee Business, investors can get a good listing gain in this IPO. At the same time, this company will also give good profits in the long run. The valuation of this company is quite attractive. The growth outlook for this industry is also much better. The company will get a very good benefit from its expansion plan in the coming days.
Use of IPO money
Mumbai-based Laxmi Organics is a manufacturer of chemicals such as acetyl intermediates and specialty intermediates. The proceeds from the IPO will be used to use in working capital, to set up facilities for manufacturing new chemicals, to update existing units and to purchase plant and machinery. The company has customers in 30 countries including China, Russia, Singapore, UAE, UK and USA.
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