Laxmi Organic Industries IPO GMP History
Laxmi Organic Industries IPO has been listed on March 25, 2021 at a listing price of ₹155.5, against the issue price of ₹130 — a gain of ₹25.5 (+19.62%). The GMP peaked at ₹150 on 8 March 2021 and reached a low of ₹60 on 22 March 2021. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Laxmi Organic Industries IPO raised ₹600 Cr. through its IPO at a price band of ₹129 to ₹130 per share, with a lot size of 115 shares. The IPO was open for subscription from 15 Mar 2021 to 17 Mar 2021.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 7:18 AM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 22 Mar 2021 | ₹ 60 | ▼ | 46% | — | — |
| 20 Mar 2021 | ₹ 70 | ▼ | 54% | — | — |
| 19 Mar 2021 | ₹ 90 | ▼ | 69% | — | — |
| 18 Mar 2021 | ₹ 110 | ▲ | 85% | — | — |
| 17 Mar 2021 | ₹ 90 | ▼ | 69% | — | — |
| 16 Mar 2021 | ₹ 110 | ▼ | 85% | — | — |
| 15 Mar 2021 | ₹ 130 | ▲ | 100% | — | — |
| 13 Mar 2021 | ₹ 90 | — | 69% | — | — |
| 12 Mar 2021 | ₹ 90 | ▲ | 69% | — | — |
| 11 Mar 2021 | ₹ 80 | ▼ | 62% | — | — |
| 10 Mar 2021 | ₹ 110 | ▼ | 85% | — | — |
| 09 Mar 2021 | ₹ 130 | ▼ | 100% | — | — |
| 08 Mar 2021 | ₹ 150 | — | 115% | — | — |
Laxmi Organic Industries IPO dates
Key dates from opening to listing. Today is 11 November.
- Open 15 Mar 2021
- Close 17 Mar 2021
- Allotment 22 Mar 2021
- Refund/credit 23 Mar 2021
- Listing 25 Mar 2021
Laxmi Organic Industries IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹130 |
|---|---|
| GMP-based estimate (pre-listing) | ₹190 (+46.2%) |
| Listing gain / loss | +₹25.5 per share |
| Listing date | 25 Mar, 2021 |
| Actual listing price | ₹155.5 (+19.62%) |
Is Laxmi Organic Industries IPO GMP reliable?
Grey market premium for Laxmi Organic Industries IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Laxmi Organic Industries IPO full review for a fundamentals-based assessment before making any grey market trades.
Laxmi Organic Industries IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Laxmi Organic Industries IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Laxmi Organic Industries IPO
Laxmi Organic Industries Limited was incorporated at Mumbai on 15 May 1989. It started making acetaldehyde and acetic acid in 1992 and ethyl acetate in 1996.
It works in two segments. Acetyl intermediates include ethyl acetate, acetaldehyde and fuel-grade ethanol. Specialty intermediates include ketene and diketene derivatives, a business it entered in Fiscal 2010 by buying Clariant's diketene business.
It has about 30% of the Indian ethyl acetate market and is the only maker of diketene derivatives in India, with about 55% of that market by revenue in Fiscal 2020. Its two plants are in Mahad, Maharashtra, and it has customers in 30 countries.
The IPO was Rs 600 crore, split equally between Rs 300.00 crore of fresh issue and Rs 300.00 crore of offer for sale. Planned uses included a new facility through its subsidiary YFCPL, expansion of the specialty intermediates plant and repaying borrowings.
Frequently asked
What is the GMP of Laxmi Organic Industries IPO?
The current Grey Market Premium (GMP) of Laxmi Organic Industries IPO is ₹ 60.
What is the Kostak Price of Laxmi Organic Industries IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Laxmi Organic Industries IPO is not available.
What is the Subject to Sauda Price of Laxmi Organic Industries IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Laxmi Organic Industries IPO?
Laxmi Organic Industries IPO listed on March 25, 2021 at ₹155.5, against the issue price of ₹130 — a gain of +19.62%.
How did the GMP of Laxmi Organic Industries IPO trend before listing?
The GMP of Laxmi Organic Industries IPO was falling in its final days before listing. The GMP peaked at ₹150 on 8 March 2021. View the day-wise table above for the complete GMP history.
Explore Laxmi Organic Industries IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
