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Laxmi Natural share value NSE: Laxmi Natural shares zoomed as a lot as practically 13 per cent in morning commerce on Wednesday, October 11, after the corporate raised Rs 259 crore by certified institutional placement (QIP). The Goenka Group’s flagship firm’s board accredited the allocation of 96.25 lakh shares of face worth of Rs 2 every to eligible certified institutional patrons at a difficulty value of Rs 269.2 per fairness share, a reduction of 4.97 per cent to the ground value of Rs 283.27, in keeping with an change submitting from the corporate.
The QIP subject opened on October 5 and closed on October 10. The paid-up fairness share capital of the corporate has elevated from Rs 53.1 crore, consisting of 26.55 crore shares, to Rs 55 crore, consisting of 27.52 crore fairness shares.
What does Laxmi Natural do?
Laxmi Natural Industries is a specialty chemical producer that provides elements and solvents catering to numerous end-market sectors like prescription drugs, agrochemicals, meals packaging, and pigments.
Laxmi Natural: Previous efficiency
Laxmi Natural’s inventory has declined practically 10 per cent within the final 12 months (October 11, 2023). Compared, the benchmark Nifty50 has gained practically 17 per cent in the course of the window.
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