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Laxmi Goldorna House Ltd IPO (Laxmi Goldorna IPO) Detail

March 20, 2020 - April 3, 2020

Laxmi Goldorna IPO is a fixed price issue of Rs 8.28 crores.

Laxmi Goldorna IPO bidding started from March 20, 2020 and ended on April 3, 2020. The shares got listed on NSE SME on April 16, 2020.

Laxmi Goldorna IPO price is ₹15 per share. The minimum lot size for an application is 8000 Shares. The minimum amount of investment required by retail investors is ₹120,000.

Beeline Broking Ltd is the book running lead manager of the Laxmi Goldorna IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to Laxmi Goldorna IPO RHP for detailed information.

Laxmi Goldorna IPO Details

IPO Date March 20, 2020 to April 3, 2020
Listing Date April 16, 2020
Face Value ₹10 per share
Price ₹15 per share
Lot Size 8000 Shares
Total Issue Size5,520,000 shares
(aggregating up to ₹8.28 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Market Maker portion288,000 shares

Laxmi Goldorna IPO Reservation

Laxmi Goldorna IPO offers 5,520,000 shares. 2,616,000 (47.39%) to NII, 2,616,000 (47.39%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered288,000 (5.22%)
Other Shares Offered2,616,000 (47.39%)
Retail Shares Offered2,616,000 (47.39%)
Total Shares Offered5,520,000 (100%)

Laxmi Goldorna IPO Lot Size

Investors can bid for a minimum of 8000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 8000 ₹120,000
Retail (Max) 1 8000 ₹120,000
Lot Size Calculator

Laxmi Goldorna IPO Promoter Holding

Mr. Jayesh Chinubhai Shah and Mrs. Rupalben Jayeshkumar Shah are the promoters of the company.

Share Holding Pre Issue 100%
Share Holding Post Issue 73.54%

About Laxmi Goldorna House Ltd

Incorporated in 2010, Laxmi Goldorna House Ltd is engaged in wholesale and retail trading of gold jewelry and ornaments. In 2017, it also started a real estate business. So, Laxmi Goldorna House is also engaged in the construction of commercial and residential Projects under real estate.

The registered office of the company is located at Manek Chowk, Ahmedabad. The company offers a wide product range with a variety of gold jewelry and other jewelry as per the regional taste. It doesn't have any manufacturing unit and designing & processing of jewelry is done by 3rd-party.

The company is currently working on the Laxmi Eternia project designed by architecture "Bend Group". The project is nearer to Ahmedabad Airport, Ahmedabad Railway Station, and Baroda Express Way. It has 723, 3BHK Flats and 52 Shop along with party kitchen, basement parking, basketball court, party plot, gym, theatre, play zone, badminton court, and society office.

Competitive Strengths

1. Wide product portfolio
2. Good Quality of Jewellery products
3. Comprehensive knowledge of the jewelry industry

Company Financials

Summary of financial Information (Restated)
Particulars For the year/period ended (Rs in Lakh)
30-Sept-19 31-Mar-19 31-Mar-18 31-Mar-17
Total Assets 4,294.28 3,943.94 3,879.01 1,028.52
Total Revenue 3,877.66 7,344.97 6,977.25 5,242.52
Profit After Tax 40.16 66.82 44.06 58.05

Key Performance Indicator

The market capitalization of Laxmi Goldorna IPO is Rs 31.31 Cr.

Pre IPO Post IPO
P/E (x) 39

Objects of the Issue (Laxmi Goldorna IPO Objectives)

The Net Proceeds from the Fresh Issue will be utilized towards the following objects:

1. To Meet Working Capital Requirement

2. General Corporate Purpose

3. To Meet the Issue Expenses

Laxmi Goldorna IPO Review (May apply)

[Dilip Davda]  LGHL is in highly competitive and high volume - low margin business of gold ornaments as well as the lagging real estate segments. While the gold jewellery business is a highly fragmented segment with a large number of unorganized players, realty sector too is overcrowded. Based on the financial issue is aggressively priced. While others can avoid, risk savvy - cash surplus investors may consider investment at their own risk. Read detail review...


Laxmi Goldorna IPO Subscription Status (Bidding Detail)

The Laxmi Goldorna IPO is subscribed 1.21 times on April 3, 2020 5:00:01 PM. The public issue subscribed 0.20 times in the retail category, times in the QIB category, and 2.22 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other2.22
Retail0.20
Total1.21

IPO Notices

External Link

Laxmi Goldorna IPO Close Date Extended

The Company has extended the close date till 3rd April from 26th March due to lock down in all parts of India

Laxmi Goldorna IPO Prospectus

Laxmi Goldorna IPO Rating

50
2.6
Rating:Rated 2.6 stars
Vote Here ...

Laxmi Goldorna IPO Listing Details

Listing Date April 16, 2020
BSE Script Code
NSE Symbol LGHL
ISIN INE258Y01016
Final Issue Price ₹15 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹15.00
₹15.00
₹14.65
₹15.10
₹15.00

Check IPO Performance…

Laxmi Goldorna House Ltd Contact Details

Laxmi Goldorna House Ltd
Laxmi House, Opp. Bandharano Khacho,
M G Haveli Road, Manek Chowk,
Ahmedabad, Gujarat-380001, India
Phone: +91 79 2214 9482
Email: info@laxmilifestyle.co.in
Website: http://www.laxmilifestyle.co.in/

Laxmi Goldorna IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: laxmi.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/

Laxmi Goldorna IPO - Buy or Not

Laxmi Goldorna IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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Laxmi Goldorna IPO FAQs

Laxmi Goldorna IPO is a SME IPO of 5,520,000 equity shares of the face value of ₹10 aggregating up to ₹8.28 Crores. The issue is priced at ₹15 per share. The minimum order quantity is 8000 Shares.

The IPO opens on March 20, 2020, and closes on April 3, 2020.

Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Laxmi Goldorna IPO using UPI as a payment gateway. Zerodha customers can apply in Laxmi Goldorna IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Laxmi Goldorna IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Laxmi Goldorna IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Laxmi Goldorna IPO opens on March 20, 2020 and closes on April 3, 2020.

Laxmi Goldorna IPO lot size is 8000 Shares, and the minimum amount required is ₹120,000.

You can apply in Laxmi Goldorna IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Laxmi Goldorna IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Laxmi Goldorna IPO allotment status.

The Laxmi Goldorna IPO listing date is on April 16, 2020.
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Laxmi Goldorna IPO Message Board

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7 Comments

5. Small Investor |   Link |  Bookmark |March 25, 2020 10:33:34 AM
IPO Guru IPO Guru (1900+ Posts, 1000+ Likes)
Avoid All SMEs
5.1. AhireR |   Link |  Bookmark |April 3, 2020 2:56:12 PM
IPO Mentor IPO Mentor (800+ Posts, 1000+ Likes)
@small
I think we should bait on it..NII has corssed 2 times so -ve listing chances seem blink..what say..
4. Riddhesh Desai |   Link |  Bookmark |March 24, 2020 11:18:53 PM
Ipo details plz
3. VinShah |   Link |  Bookmark |March 20, 2020 7:32:03 PM
Friends, Why subscription live status has shown till 14.10 today? It has to be show till 17.00 today..
3.1. VinShah |   Link |  Bookmark |April 3, 2020 3:06:22 PM
Last day finally sail through..nii rocked last day ????
2. K joshi |   Link |  Bookmark |March 19, 2020 1:49:27 PM
Company has less focus in particular business activity. Considering the margin shown in financial are poor and less then 1 %. issue price looks attractive but present market confidence in ipo is very poor.
Investors read business plan before invest.
LM has good success track may be helpful
1. Dilip Davda |   Link |  Bookmark |March 19, 2020 10:17:23 AM
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
As on 30.09.2019, LGHL had on payroll 25 employees including key management personnel's. For realty segment, LGHL is showing Nila Infra and Prerna Infra as its nearest peers that are currently trading at a P/Es of around 5 and 21 (as on 19.03.20). Thus even on realty segment basis, this issue is priced very aggressively. Refer page 88 and 89 of offer documents.

Dilip Davda
SEBI registered Research Analyst
Mumbai

Read my IPO Reviews