Laxmi Organic Industries IPO gets strong response on Day 1, Retail Investors show good participation
The Laxmi Organic IPO is subscribed 2.28x times on Mar 15, 2021 5 pm. The public issue subscribed 4.34x in the retail category, 0.01x in the QIB category, and 0.49x in the NII category. The offer will close on March 17, 2021 and the company has fixed the price band at Rs 129 – Rs 130 per equity share.
Avinash Gorakshakar, Director Research at ProfitMart Securities says that Laxmi Organics is a leading manufacturer of Acetyl Intermediates and Specialty Intermediate: Reuters