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IPO SYNOPSIS
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Laxmi Organic Industries Ltd
Registered Office:
A-22/2/3 MIDC,Mahad,
Raigad - 402309,
Maharashtra, India.
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.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
15-Mar-21
17-Mar-21
130.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 115   Further Multiples of : 115
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
500.00
Axis Capital Ltd
Project Financed through Current Offer
600.00
 
Post Issue Equity Share Capital
52.73
 
Issue Price
130.00
 
Projects
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
Promoted By
Yellow Stone Trust
Ravi Goenka
Listing At
BSE
NSE
Registrar to the Issue
Link Intime India Pvt Ltd
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