Hem Securities IPO report on Laxmi Organics Industries
Company is a leading manufacturer of Acetyl Intermediates and Specialty Intermediates with almost three decades of experience in large scale manufacturing of chemicals. Company is bringing the issue at p/e multiple of approx 38x at higher end of price band of Rs 129-130/share on FY20 PAT basis. Company which is leading manufacturer of ethyl acetat & diketne derivatives has a significant market share. Due to differentiated business model ,asset base,product mix 7 experience in handling complex chemistries create high entry barriers.
Valuation and Outlook
Hence , looking after all, we recommend investor to subscribe the issue for short and long term.
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