{"id":111574,"date":"2023-10-11T11:42:06","date_gmt":"2023-10-11T06:12:06","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=111574"},"modified":"2023-10-11T11:42:12","modified_gmt":"2023-10-11T06:12:12","slug":"chemical-stock-jumps-12-after-fundraising-committee-approves-qip-of-259-cr","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/chemical-stock-jumps-12-after-fundraising-committee-approves-qip-of-259-cr\/","title":{"rendered":"Chemical stock jumps 12% after fundraising committee approves QIP of \u20b9 259 Cr"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1742332578\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of this specialty chemical stock under the \u2018small-cap\u2019 category jumped around 12 percent in Wednesday\u2019s trading session after the company\u2019s fundraising committee approved a QIP of approximately Rs 259 crores.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1557155180\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs 8,027.06 crores, the stocks of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/LXCHEM\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Laxmi Organic Industries<\/a><\/strong> started their trading session on Wednesday at Rs 274.50 and currently trades at Rs 302.25, gaining approximately 12 percent as compared to the previous close of Rs 271.15 apiece.\u00a0<\/p><p>Such bullish sentiments around the stock prices were witnessed after the company, through a regulatory filing with the BSE dated 10th October 2023, informed that the \u2018Fund Raising Committee of Directors\u2019, at a meeting held yesterday, approved the issue and allotment of around 9.62 million fully paid-up equity shares via Qualified Institutional Placement (QIP).&nbsp;<\/p><p>The QIP is fixed to be conducted at an issue price of Rs 269.20 per equity share, i.e., a discount of Rs 14.07 per equity share (4.97 percent) to the floor price of Rs 283.27 per equity share. The total value of the QIP is approximately Rs 2,591.21 million.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1516956565\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>During the recent financial quarters, the company has been successful in managing its operating expenses with the revenue, though, staying constant at levels of Rs 734 crores during the March 2023 as well as June 2023 quarter, the company has been able to increase its bottom-line numbers from Rs 24.27 crores to Rs 38.33 crores.&nbsp;<\/p><p>The debt-to-equity ratio, though increased in the current financial year, has stayed within the desired limits, i.e., increasing from 0.11 times during FY21-22 to 0.29 times during FY22-23.&nbsp;<\/p><p>According to the shareholding pattern data available for the June 2023 quarter, the company\u2019s Promoters hold a 72.39 percent stake, and the Foreign Institutional Investors (FIIs), consistently increasing their stake each quarter, currently hold a 0.48 percent stake in the company.&nbsp;<\/p><p>Laxmi Organic Industries Limited is a specialty chemical manufacturer with operating divisions basically including the \u2018chemical\u2019 as well as \u2018power generation\u2019 business. Generating a majority of revenue from domestic operations, the company sells products comprising chemicals, coal, among others.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Amit Madnani&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3717543229\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of this specialty chemical stock under the \u2018small-cap\u2019 category jumped around 12 percent in Wednesday\u2019s trading session after the company\u2019s fundraising committee approved a QIP of approximately Rs 259 crores.&nbsp; With a market capitalization of Rs 8,027.06 crores, the stocks of Laxmi Organic Industries started their trading session on Wednesday at Rs 274.50 and [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":108239,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[10152,10151,13045,948,936],"class_list":["post-111574","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-laxmi-organic-industries-latest-news","tag-laxmi-organic-industries-share-price","tag-laxmi-organic-qip-2023","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Chemical stock jumps 12% after fundraising committee approves QIP of \u20b9 259 Cr - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this specialty chemical stock under the \u2018small-cap\u2019 category jumped around 12 percent in Wednesday\u2019s trading session after the company\u2019s fundraising committee approved a QIP of approximately Rs 259 crores.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/chemical-stock-jumps-12-after-fundraising-committee-approves-qip-of-259-cr\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chemical stock jumps 12% after fundraising committee approves QIP of \u20b9 259 Cr\" \/>\n<meta property=\"og:description\" content=\"Shares of this specialty chemical stock under the \u2018small-cap\u2019 category jumped around 12 percent in Wednesday\u2019s trading session after the company\u2019s fundraising committee approved a QIP of approximately Rs 259 crores.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/chemical-stock-jumps-12-after-fundraising-committee-approves-qip-of-259-cr\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-11T06:12:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-11T06:12:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/08\/chemical0.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/chemical-stock-jumps-12-after-fundraising-committee-approves-qip-of-259-cr\/\",\"url\":\"https:\/\/tradebrains.in\/features\/chemical-stock-jumps-12-after-fundraising-committee-approves-qip-of-259-cr\/\",\"name\":\"Chemical stock jumps 12% after fundraising committee approves QIP of \u20b9 259 Cr - Trade Brains Features\",\"isPartOf\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/tradebrains.in\/features\/chemical-stock-jumps-12-after-fundraising-committee-approves-qip-of-259-cr\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/tradebrains.in\/features\/chemical-stock-jumps-12-after-fundraising-committee-approves-qip-of-259-cr\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/08\/chemical0.jpg\",\"datePublished\":\"2023-10-11T06:12:06+00:00\",\"dateModified\":\"2023-10-11T06:12:12+00:00\",\"author\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\"},\"description\":\"Shares of this specialty chemical stock under the \u2018small-cap\u2019 category jumped around 12 percent in Wednesday\u2019s trading session after the company\u2019s fundraising committee approved a QIP of approximately Rs 259 crores.\u00a0\",\"breadcrumb\":{\"@id\":\"https:\/\/tradebrains.in\/features\/chemical-stock-jumps-12-after-fundraising-committee-approves-qip-of-259-cr\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/tradebrains.in\/features\/chemical-stock-jumps-12-after-fundraising-committee-approves-qip-of-259-cr\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/chemical-stock-jumps-12-after-fundraising-committee-approves-qip-of-259-cr\/#primaryimage\",\"url\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/08\/chemical0.jpg\",\"contentUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/08\/chemical0.jpg\",\"width\":1280,\"height\":854},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/tradebrains.in\/features\/chemical-stock-jumps-12-after-fundraising-committee-approves-qip-of-259-cr\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/tradebrains.in\/features\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Chemical stock jumps 12% after fundraising committee approves QIP of \u20b9 259 Cr\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/tradebrains.in\/features\/#website\",\"url\":\"https:\/\/tradebrains.in\/features\/\",\"name\":\"Trade Brains\",\"description\":\"Stock Market NSE\/BSE Latest News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/tradebrains.in\/features\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\",\"name\":\"Trade Brains\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"caption\":\"Trade Brains\"},\"sameAs\":[\"http:\/\/tradebrains.in\/\"],\"url\":\"https:\/\/tradebrains.in\/features\/author\/trade-brains\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Chemical stock jumps 12% after fundraising committee approves QIP of \u20b9 259 Cr - Trade Brains Features","description":"Shares of this specialty chemical stock under the \u2018small-cap\u2019 category jumped around 12 percent in Wednesday\u2019s trading session after the company\u2019s fundraising committee approved a QIP of approximately Rs 259 crores.\u00a0","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/tradebrains.in\/features\/chemical-stock-jumps-12-after-fundraising-committee-approves-qip-of-259-cr\/","og_locale":"en_US","og_type":"article","og_title":"Chemical stock jumps 12% after fundraising committee approves QIP of \u20b9 259 Cr","og_description":"Shares of this specialty chemical stock under the \u2018small-cap\u2019 category jumped around 12 percent in Wednesday\u2019s trading session after the company\u2019s fundraising committee approved a QIP of approximately Rs 259 crores.\u00a0","og_url":"https:\/\/tradebrains.in\/features\/chemical-stock-jumps-12-after-fundraising-committee-approves-qip-of-259-cr\/","og_site_name":"Trade Brains Features","article_publisher":"https:\/\/www.facebook.com\/TradeBrainsOfficial\/","article_published_time":"2023-10-11T06:12:06+00:00","article_modified_time":"2023-10-11T06:12:12+00:00","og_image":[{"width":1280,"height":854,"url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/08\/chemical0.jpg","type":"image\/jpeg"}],"author":"Trade Brains","twitter_card":"summary_large_image","twitter_creator":"@TradeBrainsGrp","twitter_site":"@TradeBrainsGrp","twitter_misc":{"Written by":"Trade Brains","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/tradebrains.in\/features\/chemical-stock-jumps-12-after-fundraising-committee-approves-qip-of-259-cr\/","url":"https:\/\/tradebrains.in\/features\/chemical-stock-jumps-12-after-fundraising-committee-approves-qip-of-259-cr\/","name":"Chemical stock jumps 12% after fundraising committee approves QIP of \u20b9 259 Cr - Trade Brains Features","isPartOf":{"@id":"https:\/\/tradebrains.in\/features\/#website"},"primaryImageOfPage":{"@id":"https:\/\/tradebrains.in\/features\/chemical-stock-jumps-12-after-fundraising-committee-approves-qip-of-259-cr\/#primaryimage"},"image":{"@id":"https:\/\/tradebrains.in\/features\/chemical-stock-jumps-12-after-fundraising-committee-approves-qip-of-259-cr\/#primaryimage"},"thumbnailUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/08\/chemical0.jpg","datePublished":"2023-10-11T06:12:06+00:00","dateModified":"2023-10-11T06:12:12+00:00","author":{"@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666"},"description":"Shares of this specialty chemical stock under the \u2018small-cap\u2019 category jumped around 12 percent in Wednesday\u2019s trading session after the company\u2019s fundraising committee approved a QIP of approximately Rs 259 crores.\u00a0","breadcrumb":{"@id":"https:\/\/tradebrains.in\/features\/chemical-stock-jumps-12-after-fundraising-committee-approves-qip-of-259-cr\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tradebrains.in\/features\/chemical-stock-jumps-12-after-fundraising-committee-approves-qip-of-259-cr\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/chemical-stock-jumps-12-after-fundraising-committee-approves-qip-of-259-cr\/#primaryimage","url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/08\/chemical0.jpg","contentUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/08\/chemical0.jpg","width":1280,"height":854},{"@type":"BreadcrumbList","@id":"https:\/\/tradebrains.in\/features\/chemical-stock-jumps-12-after-fundraising-committee-approves-qip-of-259-cr\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/tradebrains.in\/features\/"},{"@type":"ListItem","position":2,"name":"Chemical stock jumps 12% after fundraising committee approves QIP of \u20b9 259 Cr"}]},{"@type":"WebSite","@id":"https:\/\/tradebrains.in\/features\/#website","url":"https:\/\/tradebrains.in\/features\/","name":"Trade Brains","description":"Stock Market NSE\/BSE Latest News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/tradebrains.in\/features\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666","name":"Trade Brains","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","caption":"Trade Brains"},"sameAs":["http:\/\/tradebrains.in\/"],"url":"https:\/\/tradebrains.in\/features\/author\/trade-brains\/"}]}},"_links":{"self":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/111574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/comments?post=111574"}],"version-history":[{"count":2,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/111574\/revisions"}],"predecessor-version":[{"id":111576,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/111574\/revisions\/111576"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media\/108239"}],"wp:attachment":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media?parent=111574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/categories?post=111574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/tags?post=111574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}