Laxmi Organics Limited which had tapped the capital markets with its fresh issue of Rs 300 crs and an offer for sale of Rs 300 crs received excellent response and was subscribed 106.81 times. The issue had opened on Monday the 15th of March and closed on Wednesday the 17th of March 2021. The price band was Rs 129-130.

Earlier the company had 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.

There were 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 QIB portion was subscribed 175.43 times, HNI portion was subscribed 217.62 times and the Retail portion was subscribed 20.11 times. There were 23.35 la applications and on basis of lots, the retail portion was subscribed 16.5 times.