Laxmi Organic Industries Limited IPO

with almost three decades of experience in large scale manufacturing of chemicals. Since their inception in 1989,

Company has been on a journey of transformation.

·  Company is currently among the largest manufacturers of ethyl acetate in India with a market share of

approximately 30% of the Indian ethyl acetate market (source: Frost & Sullivan Report). Further, post completion of

the YCPL Acquisition, their market share in the ethyl acetate market will be further enhanced.

·  Company is the only manufacturer of diketene derivatives in India with a market share of approximately 55 % of the

Indian diketene derivatives market in terms of revenue in Fiscal 2020 and one of the largest portfolios of diketene

products (source: Frost & Sullivan Report).

·  Company’s products are currently divided into two broad categories, namely the Acetyl Intermediates and the

Specialty Intermediates. The Acetyl Intermediates include ethyl acetate, acetaldehyde, fuel-grade ethanol and other

proprietary solvents, while the Specialty Intermediates comprises of ketene, diketene derivatives namely esters,

acetic anhydride, amides, arylides and other chemicals. Company’s products find application in various high-growth

industries, including pharmaceuticals, agrochemicals, dyes & pigments, inks & coatings, paints, printing &

packaging, flavours & fragrances, adhesives and other industrial applications.

· Over the years, they have significantly expanded their scale of operations and global footprint with customers in over

30 countries including China, Netherlands, Russia, Singapore, United Arab Emirates, United Kingdom and United

States of America. Company have offices in Leiden (Netherlands), Shanghai (China) and Sharjah (United Arab

Emirates) which enables them to assess international demand and increase their customer outreach thereby

bolstering their product development initiatives.

· Company currently have two manufacturing facilities in Mahad, Maharashtra (the “Manufacturing Facilities”), with

one facility dedicated to Acetyl Intermediates (the “AI Manufacturing Facility”) and another dedicated to Specialty

Intermediates (the “SI Manufacturing Facility”). They also have two distilleries located in Satara district (the

“Jarandeshwar Distillery”) and Kolhapur district in Maharashtra (the “Panchganga Distillery”). Company have two

Department of Scientific and Industrial Research, Government of India (“DSIR”) recognized research and development

facilities, with state-of-the-art research and development infrastructure to synthesise specialty molecules and

advanced intermediates (source: Frost & Sullivan Report).