Laxmi organic company ltd IPO| Know you company | Best investment
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| Laxmi organic company ltd IPO |
About Company
This company is launching its IPO on 15th march 2021 that's today. Talking about the company its a specialty chemical company. That means we are definitely taking about chemical market. Specialty chemicals is focused under chem industry and under specialty chem comes acetyl chem & specialty intermediate market.
You must be thinking why am i talking about this ? because company is that deeply growing in this sector.
under acetyl intermediates comes solvents & aldenydents. And under specialty industries comes diketene, exters, amides & anylides. Its to much to take but we are focusing on 2 points specialty chem and asylatics that are used in pharmaceutical, agrochemical, paints, paper print, etc. Which comprise of 13 products including ethyl acetate the bio based organic makes it less toxic.
Specialty industry comprises 34 products & company portfolio includes over 30 diketene derivatives. Main thing is Lamxi organic co lTd is the only domestic manufacturer of diketene derivative in India and the current market share is around 55% for diketene derivatives.
Now there are going to expand capacity by acquiring YCPL (Yellowstone chem private ltd) & setting up the facility with estimated installed production capacity of 13,820 TPA for manufacturing of flouro specialty chem already acquired company Miteni SPA(Italy).
At present company has 2 manufacture facilities in Mahad & Maharashtra. Which are very close to ports with an idea of excluding high transport cost. From company's total revenue 24.24% of revenue comes from operations.
A short history of company
Started in 1992 with glacial aretic acid manufacturing facility.
1996 - Commercial ethyl acetate , used in glues , decaffination process of tea and coffee etc.
2010 - Aquired dikrtrnr business of claricent chem.
2013 - Incorporated subsidies in Netherlands & Sharjah.
2018 - Compressing of capacity hydro electric power project at Yedgaon.
2020 - Entered in flouro specialty business with aquiring assets from Miteni SPA (Italy).
Global specialty market is around 16.84% where as in India its around 47 %.CAGR globally is 1.58 from 2014-2019.in India CGAR is 10.20%. Future growth expected globally is around 5.12% and in India future growth is expected 11.26%. India Acetyl market imports 1/4th of its acetyl demand .and 20% of manufactured acetyl are exported.
Need of IPO
1. Yellowstone fine chem private ltd acquisition .
2. Capital to establish a new manufacture facility .
3. Purchase plant and machinery for infrastructure development.
Litigation
Is against Vijay Mallya & O.V.Bundellu (Independent director)
previously was a deputy managing director of IDBI bank Ltd Mar 2006 - Jna 2010. CBI has filed case against him Inter-alia Vijay Mallya , kingfisher airline & officers of IDBI bank ltd.
Why i said this ? because that's you right to know your company before you invest. Globally and also in India company has bright future IPO has applied 100% till now. Also according to some news and analyst IPO can be applied for listing gain and also for long term investment. I am not recommending any call but just coming up with information that may help you.
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