The IPO of Laxmi Organic Industries was closed recently for subscription and the allotment of shares is expected very soon. Once the allotment is finalized, the shares will be listed on the exchanges.
The IPO of Laxmi Organic Industries got a very positive response and as a result the issue was subscribed 106.81 times. The subscription was closed n 17th March. The total value of the offering was 600 Crores. It included fresh issue worth 300 Crores and Offer For Sale of 300 Crores.
If you have applied for the IPO, you can check your subscription status on the website of BSE under the equity option, by simply entering your application number and PAN.
The net fresh issue proceeds along with pre-IPO placement money will be utilized towards fluoro-specialty chemicals facility, SI manufacturing facility and the company’s working capital requirements.