Laxmi Organic Industries Limited IPO Message Board (Page 32)

Respected member , i am new in this field , i want to know what is the criteria for buying any ipo.

MRS BECTOR RECORD WILL BE BROKEN
EITHER BY LAXMI
OR
NAZARA

Laxmi Organics IPO - Market estimation of Over subscription

NII - 99 Crs = ~ 650 X
RII - 2700000 L Forms = 16 71 X Application wise ( Avg.allotment of ~ 6.88 shares per lot )
Interest cost @7.5% p.a. for 7 days = 18 70 paisa for 1 X
Thus ,for NII the costing 650 X18.70 paisa =121.55 per share .

GMP 120

It won’t cross 400 times in HNI

aaj hi 11L forms cross kar liya hai...
I think retail will be 25L forms

gmp of lakshmi- 85-88 at 2.00 pm today

Does Bank of Baroda allows 3rd party??? please help

Can anyone tell me that this ipo is not much oversubscribed still it has high GMP. Shouldn''t GMP and oversubscription go together? Same happened with Anupam rasayan though it''s GMP was not that high. Could this be a manipulation of GMP by operators?

Stock market is a place where anything can be manipulated. Main objective of these operators and manipulators including many so called experts is to fool general investing public.

GMPs are decided based on the value and demand in the unlisted market. Further today is just the 2nd day of subscription. This IPO''s true oversubscription will be known tomorrow. Then you will be in a better position to understand the correlation between its oversubscription and GMP.

Experts kindly help me🙏
I have Axis bank a/c and Angel broking dmat but axis bank is not linked to the dmat a/c.
Can i apply from my Asix bank ASBA?
Will it be legitimate application?

Yes, Jethalal Ji,
Axis bank allowed Thirty party asaba.

yes. u can apply..

If the email address linked with 3 different demat accounts is the same, will all 3 IPO applications be rejected? PAN number is different for all 3.

Email is not a parameter.

ACCEPETED

In the recent IPOs has anyone got 3rd party SBI ASBA allotment from Linkintime?

I got burger king 1 lot from 2 different accounts...
SBI ASBA

Try only one application third party /regular from one bank OR do not apply all third party from one account at same time ,give gap of 6 hrs

I applied in this by using gpay and zerodha but didnt get the mandate request.. what should i do

It will take some time to get mandate notification to your gpay. I hope you know how UPI mandate works. If not google it, you will get more information.

Nowadays most applications are made only through UPI requests, hence the mandate request will be a little delayed, But if you are not getting the mandate request by evening you might have not enabled notifications,

Try following these steps,
1) Login to Gpay, and go to your profile by clicking the user profile icon on the right side top corner.
2) Swipe down and you will find the mandate requests, there you will find the pending requests.
3) You can click authorize the pending mandate

Hello everyone! I''m relatively new to IPO investments.

Just wanted to confirm on how I can bid for 2 lots at cut-off price through ASBA?

Do I simply add up the no. of shares per lot (i.e. 2*115 shares) and apply for them? Or there''s some other way

No need to apply for 2 lots in oversubscribed ipo..u will get only 1 lot whether you apply 1 lot or 10 lot..so no need to block funds unnecessarily

Thanks a lot!!

EaseMyTrip IPO
Rs 157/162

Anupam Rashayan
Rs 165/170

Laxmi Organic
Rs 90/95

NAZARA TECHNOLOGY
Rs 820/840

KALYAN JEWELLERS
Rs 7/8

CRAFTSMAN AUTOMATION
Rs No Rate

SURYODAY S.F.B
Rs 32/35

HNI Expected 350-400X
QIB 100X

Laxmj

HNI books Worth 30000 Cr are ready.
GMP 85

Hello Team,

Small question, if anyone can answer please

I have 2 demat account in upstox and bank account linked in SBI. Shall i apply IPO through BHIM UPI mandate from upstox application ? Please advise

Many thanks in advance

Hi Vijay,

Its better use SBI netbanking -> ASBA option.

Also make sure , you apply Single application if you have multiple demat account with same name to avoid rejection.

Thanks

I''ve heard that LINKINTIME doesn''t allow 3rd party applications through SBI ASBA and cancels them at the time of allotment. Can someone please confirm this?

I have applied Indigo Paint from SBI Account ASBA and I got allotted.

@PrakashT did your 3rd party application got allotment or your personal application got allotment in Indigo?

Can I apply for 5 different Dmats +PANs through single SBI ASBA account...I heard someone is saying Link in time Registrar will not allow Third party application''s through ASBA also...is it right or I can apply upto 5 applications with SBI ASBA.. please suggest..🙏

you can apply

Gmp of laxmi Organic is 97 - 100 rs ..
Apply for listing gain

Can any one tell me why I am not able to find my application submitted through zerodha on bse website..

Check on nse...zerodha submit application with nse...

PE = 64
Price to book = 7.6x

----- Valuations with Assumptions ----
DCF Valuation - Rs.108
EPS Valuation(w/o Margin of Safety) - Rs.103(w/ PE as 40)

---- Litigations ----
- Agreement issue on the production of Alcohol in Complainant''s facility
- Failure in providing wages to employees for overtime
- Dispute over Power Consumption losses charges with Maharashtra State Electricity Distributor
- Rs.15Cr Outsanding due over Tax
- CBI and ED has a case against one of the Director Bundellu(ex. deputy MD of IDBI bank), who is one of the Accused in the Vijay Mallaya case with IDBI bank for cheating in the process of granting the loan to Vijay Mallaya

---- Reason for Listing ----
- Investment in YCPL for its capital expenditure => Rs.60Cr
- Investment in YCPL for its working Capital => Rs.37Cr
- Expansion of SI manufacturing facility => Rs.91Cr
- Working Capital of Laxmi Organic => Rs.35Cr
- Purchase of Plant, Machinery for SI Facility => Rs.12.5Cr
- Payment of outstanding Borrowings of Laxmi Organic and VLPL => Rs.179Cr
- General Corporate Purposes => not more than 25% of Rs.500Cr

---- Market Growth ----
- Indian Acetyl(Ethyl Acetate) market = up by CAGR 6.6% in the next 5yrs
- Indian Special Intermediates = up by CAGR 10% in the next 5yrs
- Indian Acetic Anhydride market = up by CAGR 6% in the next 5yrs
- Indian Diketene market = up by CAGR 6% in the next 5yrs
- Indian Fluorochemicals market = up by CAGR 8% in the next 5yrs

---- Business ----
- Manufacturer of
=> Acetyl Intermediates - used in Flexible packaging, Pharma API, Adhesives, Printing Inks
=> Special Intermediates - used in Food Flavours, Cosmetics, Pigments, Dyes
- Acquired Assets & patents to get into the Fluorochemicals market
- Exports chemicals to customers across 30 countries
- Has Storage tanks in different countries to provide products in a shorter span
- Has 2 Manufacturing Facilities - One for Acetyl and one for Special intermediates
- Two Distilleries to manufacture Etanol
- 50% of power requirements are fulfilled by their own Power Facilities
- Two R&D facilities to work on Diketene and New products and anticipation of one more R&D for FluoroChem
- 26% stake with CleanWin to get 50% of their power to Laxmi Organic
- Group Companies:
=> Maharashtra Aldehydes and Chemicals Limited
=> Suvas Holdings Limited
=> Yellowstone Chemicals Private Limited
=> Merton Finance and Trading Private Limited
=> Sherry Exports Private Limited
=> Brady Investments Private Limited


---- Comments ----
- Laxmi Organic has a 30% market share in India for Ethyl Acetate
- Laxmi Organic has a 55% market share in India for Diketene (in terms of revenue)
- In process of acquiring YCPL to extend the market share of Ethyl Acetate
- 20% of revenue is from Exports
- Out of Revenue = 55% is from Acetyl and 30% is from Special intermediates
- 25% of revenue is from top 10 customers(standalone)
- Revenue on Industry-wise split up
=> Pharma - 35%
=> Agro - 14%
=> Pigments - 15%
=> Printing & Packaging - 8%
=> Other - 9%
=> Distributors - 26%
- 70% of raw materials are imported
- overall Fundemantals doesnt show growth but stable over the yrs
- All the Financial ratios ROE, ROCE, Debt-Equity, Current and Quick are good for the company