Laxmi Organics Limited – Completes Anchor Allocation

Laxmi Organics Limited which is tapping the capital markets with its fresh issue of Rs 300 crs and an offer for sale of Rs 300 crs completed allocation to anchor investors. The company allotted 1,38,46,153 equity shares to 15 anchor investors comprising of 23 entities. Shares were allotted at the top end of the price band at Rs 130. The band is Rs 129-130.

There are just two levels of allotment where nine investors have been given an equal 10,78,860 equity shares or 7.78% of the anchor book. The second level is where six anchor investors have been given 6,92,300 equity shares or 5% of the anchor book. The list includes a fair mix of FPI, mutual funds and insurance companies.

The issue opens on Monday the 15th of March and closes on Wednesday the 17th of March 2021.

The full list of anchor allotees and their allotment is given below: –

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