Should you apply for Laxmi Organics IPO? Laxmi Organics IPO Analysis

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Disclaimer: This video is only for education purpose. Consult your financial Advisor before investing your money.

In this video, we have covered the indepth analysis of Laxmi organics. This would help viewers understand is they should apply for laxmi organics IPO or not.

Company and its business

Established in 1989, Laxmi Organics is in the business of Chemical manufacturing.
It has mainly 2 business divisions: Acetyl Intermediates and Specialty Intermediates.
The Acetyl Intermediates include ethyl acetate, acetaldehyde, fuel-grade ethanol and other proprietary solvents, while the Specialty Intermediates comprises of ketene, diketene derivatives namely esters, acetic anhydride, amides, arylides and other chemicals.
Laxmi Organics is the largest manufacturers of ethyl acetate in India with a market share of approximately 30% of the Indian ethyl acetate market
Laxmi Organics is the only manufacturer of diketene derivatives in India with a market share of approximately 55 % of the Indian diketene derivatives market in terms of revenue in Fiscal 2020 and one of the largest portfolios of diketene products
Laxmi Organics Acetyl Intermediates find application in various high-growth industries, including pharmaceuticals, agrochemicals, inks and paints, coatings, printing, packaging and adhesives industries. Ethyl acetate is used in multiple industries as a solvent.
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