Laxmi Organic Industries IPO GMP – Check Latest IPO Grey Market Premium
Last Updated Date: Nov 17, 2022Laxmi Organic Industries is about to release its IPO on Mar 15, 2021. The issue is closing on Mar 17, 2021 and is currently having an active grey market. The Laxmi Organic Industries IPO GMP is running at a stable rate as per the current situation.
In IPO, the GMP or the Grey Market Premium is the premium amount at which the IPO shares are traded before getting listed in the stock market.
However, the QIB and the HNI numbers are the key indicators of GMP in case of Laxmi Organic Industries IPO. The company is intended to raise Rs 600 crore by the released issue.
Laxmi Organic Industries IPO GMP Rates, Kotak rates & SS
This particular table represents everything related to the IPO event from its opening and closing date along with the face value of the issue. You can check this table related to know the IPO size, price band along with listing details and more.
| Date | GMP (in INR) | Kostak (in INR) | Subject to Sauda (in INR) |
| 25 Mar 2021 | Rs. 40-45 | – | – |
| 24 Mar 2021 | Rs. 65-70 | – | – |
| 23 Mar 2021 | Rs. 65-70 | – | – |
| 22 Mar 2021 | Rs. 65-70 | – | – |
| 21 Mar 2021 | Rs. 75-80 | – | – |
| 20 Mar 2021 | Rs. 75-80 | – | – |
| 19 Mar 2021 | Rs. 75- Rs. 80 | Rs. 400 | Rs. 6000 |
| 18 Mar 2021 | Rs. 80- Rs. 90 | Rs. 400 | Rs. 6000 |
| 17 Mar 2021 | Rs. 80- Rs. 90 | Rs. 400 | Rs. 6000 |
| 16 Mar 2021 | Rs. 90- Rs. 100 | Rs. 400 | Rs. 6000 |
| 15 Mar 2021 | Rs. 90- Rs. 100 | Rs. 400 | Rs. 6000 |
| 14 Mar 2021 | Rs. 90- Rs. 100 | Rs. 400 | Rs. 6000 |
| 13 Mar 2021 | Rs. 90- Rs. 100 | Rs. 400 | Rs. 6000 |
| 12 Mar 2021 | Rs. 110- Rs.120 | Rs. 450 | Rs. 6000 |
| 11 Mar 2021 | Rs.80- Rs.90 | Rs.400 | Rs.5000 |
Check similar articles for this IPO
| Laxmi Organic IPO Allotment |
| Laxmi Organic Share Price |
| Review – Laxmi Organic IPO |
| Laxmi Organic IPO Subscription |
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Laxmi Organic Industries IPO Date / Timetable
Here, you will find the important dates and events of this IPO. Check the allotment status, visit us again once the subscription date is over.
| IPO Open Date | Mar 15, 2021 |
| IPO Close Date | Mar 17, 2021 |
| Basis of Allotment Date | Mar 22, 2021 |
| Initiation of Refunds | Mar 23, 2021 |
| Credit of Shares to Demat Account | Mar 24, 2021 |
| IPO Listing Date | Mar 25, 2021 |
Laxmi Organic Industries IPO – Financial Performance
The below given table will give you the overall idea of the company’s financial performance. Check their net profit and loss statement about Laxmi Organic Industries IPO.
| Amount (in INR & millions) | ||||
| 30-Sep-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Assets | 10,371.32 | 10,706.33 | 10,144.88 | 8,947.34 |
| *Total Revenue | 8,143.55 | 15,386.21 | 15,743.23 | 13,960.75 |
| Total Expense | 7,581.56 | 14,834.82 | 14,762.64 | 12,827.77 |
| Profit After Tax | 454.84 | 702.12 | 723.91 | 756.95 |
FAQs Related to Laxmi Organic Industries IPO GMP
Ques – What is the current Laxmi Organic Industries IPO GMP Price?
Answer – As on today, the Laxmi Organic Industries IPO GMP is Rs. 40-45
Ques – What is the current Laxmi Organic Industries IPO Kostak Rate?
Answer – The Kostak rate is Rs NA for Laxmi Organic Industries IPO.
Ques – What is today’s Laxmi Organic Industries IPO Subject to Sauda Rate?
Answer – As on today, the Laxmi Organic Industries IPO Subject to Sauda is Rs NA.
Ques – Where to Check Laxmi Organic Industries IPO Allotment & Listing?
Answer – However, if you don’t want to miss out on the issue’s allotment status and the listing, you can refer to this LINK given here: IPO Allotment Status
Ques – What is Kostak Price?
Answer – To apply for an IPO, there is an application price or application charges that come along and is known as Kostak price. It is actually the premium amount at which IPO applications are being traded for in the grey market.
Ques – Is GREY market buy or sell shares illegal?
Answer – Grey Market is basically a trading that takes place before the stock of a company gets enlisted on the stock exchange. It takes place before the IPO release and the prices may change any time. Hence, it is an unofficial trading and hence, not “illegal”.
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Disclaimer:
The Laxmi Organic Industries IPO GMP which is mentioned in the table here is only valid for specific date as mentioned in the header section. The Kostak is the premium that one gets by selling her/his IPO application to someone else before listing of the issue. He or she can sell it in an off-market transaction. However, we aren’t buying/selling IPO forms on IPO Grey market.
It is also requested that please do not subscribe for any IPO by just seeing the premium price. The reason being, the premium price varies and can change anytime before listing. Please subscribe only after considering the Fundamental of the companies.