 "Chemicals")
The initial public offer (IPO) of Laxmi Organic Industries - an industrial chemical manufacturer and the largest manufacturer of ethyl acetate in India, as per Frost & Sullivan Report - is set to open for subscription on Monday. The company has fixed the price band for the issue at Rs 129-130 per share. The IPO will close on March 17.
The Rs 600-crore issue comprises a fresh issue of Rs 300 crore and an offer for sale (OFS) of shares aggregating up to Rs 300 crore by Yellowstone Trust, the promoter group. The minimum bid lot is 115 equity shares and
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