Laxmi Goldorna House Ltd IPO (Laxmi Goldorna IPO) Detail

Mar 20, 2020 - Apr 3, 2020

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

Objects of the Issue

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 Details

Laxmi Goldorna IPO Date Mar 20, 2020 to Apr 3, 2020
Laxmi Goldorna IPO Face Value ₹10 per share
Laxmi Goldorna IPO Price ₹15 per share
Laxmi Goldorna IPO Lot Size 8000 Shares
Issue Size5,520,000 shares of ₹10
(aggregating up to ₹8.28 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
P/E (x)39
Market Cap (₹ Cr.)31.31
Company Promoters

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

Laxmi Goldorna IPO Lot Size

The Laxmi Goldorna IPO lot size is 8000 shares. A retail-individual investor can apply for up to 1 lots (8000 shares or ₹120,000).

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

Laxmi Goldorna IPO Promoter Holding

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

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 Review

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 Apr 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)

Laxmi Goldorna IPO Prospectus

Laxmi Goldorna IPO Rating

Rating:Rated 2.6 stars
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Laxmi Goldorna IPO Listing Date

Listing Date Thursday, April 16, 2020
BSE Script Code
Listing In ST Group of Securities
ISIN INE258Y01016
IPO Price ₹15 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade
IPO Price: ₹15.00
Open: ₹15.00
Low: ₹14.65
High: ₹15.10
Last Trade: ₹15.00

Company Contact Information

Laxmi Goldorna House Ltd
Laxmi House, Opp. Bandharano Khacho,
M G Haveli Road, Manek Chowk,
Ahmedabad, Gujarat-380001, India
Phone: +91 79 2214 9482

Laxmi Goldorna IPO Registrar

KFin Technologies Private Limited

Phone: +91 40 6716 2222

Laxmi Goldorna IPO Review

Laxmi Goldorna IPO Recommendation Summary

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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 Mar 20, 2020, and closes on Apr 3, 2020.

KFin Technologies Private 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 Mar 20, 2020 and closes on Apr 3, 2020.

Laxmi Goldorna IPO lot size is 8000 Shares and the minimum order quantity is .

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, Edelweiss, 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 Thursday, April 16, 2020.
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Laxmi Goldorna IPO Message Board

Ranked Members of Forum  Ranked Members | Most Liked Members



5. Small Investor |   Link |Mar 25, 2020 10:33:34 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Avoid All SMEs
5.1. AhireR |   Link |Apr 3, 2020 2:56:12 PM
IPO Mentor IPO Mentor (700+ Posts, 1000+ Likes)
I think we should bait on it..NII has corssed 2 times so -ve listing chances seem blink..what say..
4. Riddhesh Desai |   Link |Mar 24, 2020 11:18:53 PM
Ipo details plz
3. VinShah |   Link |Mar 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 |Apr 3, 2020 3:06:22 PM
Last day finally sail through..nii rocked last day ????
2. K joshi |   Link |Mar 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 |Mar 19, 2020 10:17:23 AM
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

Read my IPO Reviews