Is investing in Laxmi Organic Good?

“The company is almost debt-free with a debt to equity ratio of 0.14. So we consider Laxmi Organics a good bet for the long term, however, we don`t recommend buying at current levels,” he said.

Can we buy Laxmi Organics IPO?

Incorporated in 1989, Laxmi Organic Industries Ltd is a specialty chemical manufacturer that operates in 2 business segments; Acetyl Intermediates (AI) and Specialty Intermediates (SI)….Laxmi Organic IPO Details.

IPO Opening Date	Mar 15, 2021
Offer for Sale	[.] Eq Shares of ₹2 (aggregating up to ₹300.00 Cr)

What is GREY market premium of Laxmi Organic IPO?

Laxmi Organic IPO is priced in the range of Rs 129-130 per share. Dealers of unlisted shares said the stock is trading at Rs 232-235 range in the grey market, meaning a premium of 81 per cent over the upper limit of the price band.

When Laxmi Organic IPO will open?

March 15, 2021
Laxmi Organic IPO. Specialty Chemical Company, Laxmi Organics’ Rs 600 crore IPO opens on March 15, 2021, will contain fresh shares of Rs 300 crores and OFS of Rs 300 crores equities from the promoter, Yellow Stone Trust.

What is the premium of Laxmi Organics?

According to grey-market observers, Laxmi Organic shares were trading at a premium of ₹63.

Should I buy Lxchem?

Laxmi Organic Industries Limited (NSE: LXCHEM) As on 16th Dec 2021 LXCHEM Share Price closed @ 412.60 and we RECOMMEND Buy for LONG-TERM with Stoploss of 340.95 & Strong Sell for SHORT-TERM with Stoploss of 464.30 we also expect STOCK to react on Following IMPORTANT LEVELS.

Is Laxmi Organic IPO oversubscribed?

Laxmi Organic Industries share sale via initial public offering (IPO) was oversubscribed on first day of the issue. The company has fixed the price band at ₹ 129-130 per share and expects to raise ₹ 600 crore at the higher end of the price band.

What is listing date of Laxmi Organics?

Laxmi Organic Industries Ltd

Issue Open Date	15-Mar-21
Listing Date	25-Mar-21
Application Money	100
Allotment Money
Price Band (Rs.)	129 – 130