Laxmi Organic Industries IPO Allotment Status: Direct link is here to check online

Speciality chemicals manufacturer Laxmi Organic Industries' initial public offer (IPO) opened on Monday and will close on Wednesday. The initial public offer aggregating up to Rs 600 crore comprises a fresh issue of up to Rs 300 crore and an offer for sale of up to Rs 300 crore.

Laxmi Organic Industries IPO Allotment Status is likely to be finalised on 22nd March 2021.

Here is how you can check Laxmi Organic Industries IPO Allotment Status on BSE WEBSITE bseindia.com:- 

Step 1 - Go to link - https://www.bseindia.com/investors/appli_check.aspx

Step 2 - Select Equity

Step 3 - Select Issue Name (Laxmi Organic Industries IPO)

Step 4-  Enter Application Number as well as PAN

Step 5 - Click on search button to know the Laxmi Organic Industries IPO Allotment Status

The price range for the Mumbai-based company's offer is Rs 129-130 per share.

Laxmi Organics Industries on Friday garnered Rs 180 crore from anchor investors.

Net proceeds from the issue will be utilised for setting up a manufacturing facility for fluorospecialty chemicals, working capital requirements, purchase of plant and machinery and upgrading existing units.

In addition, funds would be used for prepayment or repayment of all or a portion of certain outstanding, besides general corporate purposes.

The company has a global presence with customers in over 30 countries, including China, the Netherlands, Russia, Singapore, United Arab Emirates, the UK and the US.

DAM Capital Advisors Limited and Axis Capital Limited are the managers of the offer.