Laxmi Organic Industries IPO - Anand Rathi’s Investment Rationale
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Anand Rathi Report
Laxmi Organic Industries Ltd. is a leading manufacturer of Acetyl Intermediates and specialty intermediates with almost three decades of experience in large scale manufacturing of chemicals.
It is currently among the largest manufacturers of ethyl acetate in India with a market share of approximately 30% of the Indian ethyl acetate market.
It is the only manufacturer of diketene derivatives in India with a market share of ~55% of the Indian diketene derivatives market in terms of revenue in fiscal 2020 and one of the largest portfolios of diketene products.
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