Laxmi Organics is a leading manufacturer of Acetyl Intermediates and Specialty Intermediates with almost three decades of experience in large scale manufacturing of chemicals. Since its inception in 1989, It has been on a journey of transformation. The company initially started manufacturing acetaldehyde and acetic acid in 1992, and soon thereafter moved on to manufacturing of ethyl acetate in 1996. The company is currently among the largest manufacturers of ethyl acetate in India with a market share of approximately 30% of the Indian ethyl acetate market (source: Frost & Sullivan Report).
Further, post completion of the YCPL Acquisition, the market share in the ethyl acetate market will be further enhanced. In Fiscal 2010, it commenced manufacturing the Specialty Intermediates by acquiring Clariant’s diketene business. Laxmi Organics believe that the diversification of its product portfolio into varied chemistries in Specialty Intermediates has enabled it to create a niche for ourselves it is the only manufacturer of diketene derivatives in India with a market share of approximately 55 % of the Indian diketene derivatives market in terms of revenue in Fiscal 2020 and one of the largest portfolios of diketene products (source: Frost & Sullivan Report).
Laxmi Organics products are currently divided into two broad categories, namely the Acetyl Intermediates and the Specialty Intermediates. The Acetyl Intermediates include ethyl acetate, acetaldehyde, fuel-grade ethanol and other proprietary solvents, while the Specialty Intermediates comprises of ketene, diketene derivatives namely esters, acetic anhydride, amides, arylides and other chemicals. The products find application in various high-growth industries, including pharmaceuticals, agrochemicals, dyes & pigments, inks & coatings, paints, printing & packaging, flavours & fragrances, adhesives and other industrial applications. Laxmi Organics also propose to diversify into manufacturing of specialty fluorochemicals to which end, It has recently acquired assets including plant & machinery, design and operating paperwork, REACH registrations and patents of Miteni, a manufacturer of organic fluorospecialties and electrochemical fluorination. It believe they are well placed to enter into the high margin specialty fluorochemicals space through this acquisition. According to the Frost & Sullivan Report, given the expertise in the Acetyl Intermediates and the Specialty Intermediates segments, its entry into the fluorochemicals space will put us at a differentiated position from other chemicals manufacturers.
YELLOW STONE TRUST
For the year/period ended (₹ in millions)
Profit After Tax
Leading manufacturer of ethyl acetate in India.
Largest manufacturer of diketene derivative products.
Diversified customer base across industries.
Strategically located manufacturing facilities.
Consistent financial performance.
IPO Opening Date
15th MARCH 2021
IPO Closing Date
17th MARCH 2021
Book Built Issue
₹2 per equity share
₹129 to ₹130
Min Order Quantity
IPO Open Date
15th MARCH 2021
IPO Close Date
17th MARCH 2021
Basis of Allotment Date
22nd MARCH 2021
Initiation of Refunds
23rd MARCH 2021
Credit of Shares to Demat Account
24th MARCH 2021
IPO Listing Date
25th MARCH 2021
Book Running Lead managers
Axis Capital Limited Address: 1st Floor, Axis House C-2 Wadia International Center Pandurang Budhkar Marg Worli, Mumbai- 400 025 Maharashtra Tel: +91 22 4325 2183 E-mail: [email protected] Investor Grievance E-mail: [email protected] Website: www.axiscapital.co.in Contact Person: Sagar Jatakiya SEBI Registration No.: INM000012029
DAM Capital Advisors Limited (Formerly known as IDFC Securities Limited) Address: One BKC, Tower C, 15th Floor Unit No. 1511, Bandra Kurla Complex Bandra (East), Mumbai – 400 051 Maharashtra Tel: +91 22 4202 2500 E-mail: [email protected] Investor Grievance E-mail: [email protected] Website: www.damcapital.in Contact Person: Kunal Thakkar SEBI Registration No.: MB/INM000011336
Link Intime India Private Limited C101, 247 Park L.B.S. Marg, Vikhroli (West) Mumbai – 400 083, Maharashtra Tel: +91 22 4918 6200 Email: [email protected] Investor grievance email: [email protected] Website: www.linkintime.co.in Contact Person: Shanti Gopalkrishnan SEBI Registration No.: INR000004058