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Laxmi Organic Industries Ltd
Laxmi Organic Industries Ltd
Registered Office : A-22/2/3 MIDC,Mahad,Raigad Maharashtra 402309 Phone : 91-2145-232424
Fax :
Email : investors@laxmi.com
Website : www.laxmi.com
Initial public offering of 46,153,846 equity shares of face value of Rs. 2 each ("equity shares") of Laxmi Organic Industries Limited ("The Company" or The "Issuer") for cash at a price of Rs. 130 per equity share (Including a premium of Rs. 128 per equity share) ("offer price") aggregating to Rs. 600.00 crore ("offer"). The offer comprises of a fresh issue of 23,076,923 equity shares aggregating to Rs. 300.00 crores ("Fresh issue") and an offer for sale of 23,076,923 equity shares aggregating to Rs. 300.00 crores by Yellow Stone Trust ("promoter selling shareholder"), (The "offer for sale", and together with the fresh issue, the "offer"). The offer will constitute 17.50% of the post-offer paid-up equity share capital. The face value of equity shares is Rs.2 each and Offer Price is 130 of the face value of the equity share. The Issue Price is 65.00 times of the face value.
Opens On
Closes On
15-Mar-2021
17-Mar-2021
Application
Allotment
130.00
0.00
Minimum Application for shares in Nos : 115.0 Further Multiples of : 115.0
₹Cr
Lead Managers to the Issue
Project Cost (₹.Cr)
Project Financed through Current Offer (₹.Cr)
Post Issue Equity Share Capital (₹.Cr)
Issue Price (₹.Cr)
500.00
600.00
52.73
130.00
Axis Capital Ltd
DAM Capital Advisors Ltd
- Investment in wholly owned subsidiary, Yellowstone Fine Chemicals Private Limited ("YFCPL") for part-financing its capital expenditure requirements in relation to the setting up of manufacturing facility for fluorospecialty Chemicals("Proposed")
- Investment in YFCPL for funding its working capital requirements
- Funding capital expenditure requirements for expansion of SI Manufacturing Facility ("Proposed Expansion")
- Funding working capital requirements of the company
- Purchase of plant and machinery for augmenting infrastructure development at SI Manufacturing Facility
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company and wholly owned subsidiary, Viva Lifesciences Private Limited ("VLPL")
- General corporate purposes
- Yellow Stone Trust
- Ravi Goenka
- BSE
- NSE
- MUFG Intime India Pvt Ltd