Laxmi Organic Industries IPO & Craftsman Automation IPO: If you also want to get huge returns from your money in a few days, then today you are going to get a great opportunity. Today on Monday (15 March 2021), investors will get an opportunity to invest in the IPO of two companies.
New Delhi. If you also want to get huge returns from your money in a few days, then today you are going to get a great opportunity. There are five IPOs to be launched in a week. Of these, on Monday (15 March 2021), investors will get an opportunity to invest in the IPO of two companies. Let us know that in 2021, the IPO has so far earned good money to the investors. If you are still thinking of investing in an IPO (Initial Public Issue- IPO), then there is a good chance for you. Today, the IPO of Laxmi Organic Industries IPO, a specialty chemical manufacturer, and Craftsman Automation IPO, an engineering company operating in various sectors, is opening. These IPOs will be listed on both BSE and NSE. If you want to invest in both these IPOs, then we are telling you all the details about it.
1. Laxmi Organics Industries IPO
Specialty chemical company Laxmi Organics Industries is raising Rs 600 crore from the IPO. The IPO will open for bidding on March 15 and will close on March 17, 2021. A price band of Rs 129-130 has been set for the IPO of Lakshmi Organics. The company will raise Rs 600 crore from the primary market. In this issue, fresh shares worth Rs 300 crore and shares worth Rs 300 crore will be offered under the offer for sale. Those who are the shareholders of the promoter. For this issue a lot size of 115 shares has been kept. Investors can bid for more shares in multiples of 115 shares. Retail investors can bid for a maximum of 13 lots. The minimum application size at the higher price band is Rs 14,950. Information on allotment of shares of Laxmi Organics will be available by 23 March. Allotment of shares will start on March 23, while by March 24, the shares will come to the demat account. Shares of Lakshmi Organics will be listed on March 25.
About the company
Laxmi Organics is the largest producer of ethyl acetate in the country. Lakshmi Organic Industries is a major manufacturer of acetyl intermediate (AI) and specialty intermediates with nearly three decades of experience in large-scale manufacturing of chemicals with two manufacturing units in Mahad, Maharashtra. This company manufactures 30 percent ethyl acetate and 50 percent decetine in the country. The company’s shareholding is expected to increase further after the recent acquisition of Yellowstone Chemical. The company is active in two categories – acetyl and specialty chemical. The company’s pharma customers include Dr. Reddy’s Labs, Hetero Labs and Laurus Labs. Apart from this, UPL, Synginta and Sudarshan Chemical are its major agrochem customers. Two-thirds of the company’s revenue comes from these segments.
2. Craftsman Automation IPO
engineering company operating in various sectors Kraftsman Automation (Craftsman Automation) of IPO today Open Used to be. This IPO will close on 17 March. The price band of this IPO has been fixed at 1,488-1,490 per share. There will be a fresh issue of Rs 150 crore in this issue, while the current shareholders of the company will keep an offer for sale of 45,21,450 shares. The lot size of this issue is 10 shares. That is, you have to invest a minimum of Rs 14,900 in it. Axis Capital and IIFL Securities are the book running lead managers to the issue.
What do experts say?
March 2021 may prove to be fantastic in terms of IPO. Market experts have been quoted as saying that 10 to 16 companies can launch their IPOs in March 2021. Through these IPOs, these companies are aiming to raise Rs 25,000 crore.
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