Laxmi Organic Industries Limited

Laxmi Organic Industries Limited is a leading Indian specialty chemicals manufacturer focused on acetyl intermediates and diketene derivatives. Incorporated in 1989, the company has established a commanding presence in the domestic chemical sector, operating as one of India's largest producers of ethyl acetate and the sole domestic manufacturer of diketene derivatives. Its diverse product portfolio serves critical global supply chains across pharmaceuticals, agrochemicals, printing inks, dyes, pigments, and industrial coatings. The company operates state-of-the-art manufacturing facilities located in Mahad, Maharashtra. To strengthen its technology capabilities and expand into high-value chemical domains, Laxmi Organic acquired the business assets and intellectual property of Miteni, an Italian fluorospecialty chemicals manufacturer. This strategic expansion enabled the company to enter the advanced fluorospecialty market, diversifying its revenue streams beyond traditional acetyl building blocks. Laxmi Organic maintains long-standing relationships with leading multinational corporations and domestic blue-chip companies across more than 30 countries. Supported by dedicated research and development centers and robust quality assurance systems, the organization continues to enhance operational efficiency, increase manufacturing capacities, and capitalize on expanding global demand for specialty chemical intermediates.

Laxmi Organic raised ₹180.00 crore by allocating 1,38,46,153 equity shares to 15 anchor investors at ₹130 per share. Prominent anchor investors included Abu Dhabi Investment Authority, Nomura India Equity Fund, SBI Mutual Fund, ICICI Prudential Mutual Fund, Kotak Mutual Fund, Aditya Birla Sun Life Mutual Fund, and Ashoka India Opportunities Fund.