Laxmi Organic shares jump 50% in 2 days as compared to IPO issue price - GrowMudra

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Laxmi Organic shares jump 50% in 2 days as compared to IPO issue price

26 Mar , 2021 By : kanchan joshi

Laxmi Organic shares jump 50% in 2 days as compared to IPO issue price

Shares of Laxmi Organic Industries extended gains to the second day after debuting on exchanges on Thursday. Today, Laxmi Organic shares rose as much as 18% to Rs194 as compared Day 1 closing price of Rs164.6. On Thursday, shares of the speciality chemicals manufacturer had finished with nearly 27% as compared to issue price of Rs130.

The company's market valuation was at Rs5,032.00 crore on BSE. Laxmi Organic Industries' initial public offer was subscribed a whopping 106.79 times earlier this month. The price range for the offer was fixed at Rs129-130 per share.

The company has a global presence with customers in over 30 countries, including China, the Netherlands, Russia, Singapore, United Arab Emirates, the UK and the US.

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