Laxmi Organic IPO subscription to start from 15 March 2021, Monday. The company is specialty chemical manufacturers in India. Laxmi Organic grey market is active in this IPO and stable around 100 level. The subscription will be on a higher side but there are bunch of IPOs so investors will see what will be a good investment and will go for it. Laxmi looks good on cards. The retail portion of this IPO is 35%, QIB is 50% and HNI is 15% quota
IPOWatch View: We recommend investors to apply this IPO with short term gain and long term basis as well. Laxmi Organic IPO might subscribed with higher numbers. Stay tuned for the IPO.
Laxmi Organic IPO Subscription Status
|Category||Day 1||Day 2||Day 3|
Day 1 Subscription Highlights:
As per the demand the Laxmi Organic IPO looks good. The IPO subscribed fully on day 1. QIB was silent with 0.01x while HNI was 0.49x times. The retail looking good at 4.34x. The IPO subscribed 2.28x. The IPO grey market stood at 100 as on 15 March.
The Laxmi Organic IPO got a good response on the day 2. The IPO subscribed 6.05x times overall in which QIB 1.15 times, NII 2.48x times while Retail 10.38x times. The IPO will get good response on the last day and the GMP is stable around 100.
Day 2 Subscription Highlights:
It was a superb subscription on the day 3. The QIB subscribed 175.43 times while NII 217.62 times and retail 20.04 times respectively. The IPO made a century of a subscription with 106.78 times overall. The grey market is stable around 80 level as on 17 March. The subscription numbers will give more boost to the listing and we will have another bumper listing.
Day 3 Subscription Highlights:
About Laxmi Organic IPO
Anupan Rasayan IPO price band is fixed at ₹129 to ₹130 Per Share. The company to raise ₹600 crore via IPO. The subscription will closes on 17 March 2021. The allotment will be on 22 March and listing will be on 25 March. Laxmi Organic minimum bid is 115 Shares with ₹14950 amount while maximum bid is 1495 shares with ₹194350.
About CompanyLaxmi Organic Industries is a speciality chemical manufacturer, focused on two key business segments:Acetyl Intermediates and Speciality Intermediates. Since its inception, the company has maintained a constant focus on innovation, creativity and speed,which has enabled it to meet with new challenges and service new opportunities across the world.
Laxmi Organic IPO Subscription FAQs:
When Laxmi Organic IPO Subscription will start?
The IPO subscription starts on 15 March 2021 for QIB, NII, and Retail Investors.
How much Laxmi Organic IPO subscribed?
The IPO subscribed 106.78x times on day 3.
What is Laxmi Organic IPO Retail subscription status?
The RII subscription is 20.04x on day 3.
How to subscribe Laxmi Organic IPO?
You can go with ASBA and Non ASBA option for subscription. Go to your bank account and apply IPO online via ASBA or download form online or get the physical form and submit the filled form to your broker or bank.
How do i check live Laxmi Organic IPO Subscription Numbers?
One can visit our portal for live subscription numbers which we are updating hourly basis or check the numbers on NSE and BSE website.