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 Promoters:

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

Company Financials:

Summary of financial Information (Restated)
Particulars	For the year/period ended (₹ 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

IPO Date	Mar 20, 2020 - Apr 3, 2020
Issue Type	Fixed Price Issue IPO
Issue Size	5,520,000 Eq Shares of ₹10 (aggregating up to ₹8.28 Cr)
Face Value	₹10 Per Equity Share
IPO Price	₹15 Per Equity Share
Market Lot	8000 Shares
Min Order Quantity	8000 Shares
Listing At	NSE SME
P/E (x)	39
Market Cap (₹ Cr.)	31.31

Laxmi Goldorna IPO Lot Size and Price (Retail)

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	8000	₹120,000
Maximum	1	8000	₹120,000

Laxmi Goldorna IPO Promoter Holding

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

IPO Notices

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 Subscription Status (Bidding Detail)

Laxmi Goldorna IPO how much subscribed?
	No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time	NII	RII	Total
Shares Offered	2,616,000	2,616,000	5,232,000
Apr 3, 2020 17:00	2.22x	0.20x	1.21x

Laxmi Goldorna IPO Prospectus

› Laxmi Goldorna IPO DRHP
› Laxmi Goldorna IPO RHP

Laxmi Goldorna IPO Rating

2.6

Rating:

Vote Here ...

Laxmi Goldorna IPO Listing Date

Listing Date	Thursday, April 16, 2020
BSE Script Code
NSE Symbol	LGHL
Listing In	ST
ISIN	INE258Y01016
IPO Price	₹15 Per Equity Share
Face Value	₹10 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume

	NSE SME
IPO Price:	₹15.00
Open:	₹15.00
Low:	₹14.65
High:	₹15.10
Last Trade:	₹15.00
Volume:	1,744,000

Laxmi Goldorna IPO Reviews / Ratings

Dilip Davda - Other

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
Email: info@laxmilifestyle.co.in
Website: http://www.laxmilifestyle.co.in/

Laxmi Goldorna IPO Registrar

KFin Technologies Private Limited
   Selenium, Tower B, Plot No. 31 & 32
   Financial District, Nanakramguda, Serilingampally,
   Hyderabad 500 032, Rangareddi Telangana, India

Phone: +91 40 6716 2222
Email: laxmi.ipo@kfintech.com
Website: http://www.kfintech.com

Laxmi Goldorna IPO Lead Manager(s)

Beeline Broking Ltd

Lead Manager Reports

Laxmi Goldorna IPO FAQs

1. What is Laxmi Goldorna IPO?

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 price of the IPO is ₹15 Per Equity Share. The minimum order quantity is 8000 Shares per application and the offer type is Fixed Price Issue.

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.
2. When Laxmi Goldorna IPO will open?

The Laxmi Goldorna IPO opens on Mar 20, 2020 and closes on Apr 3, 2020.
3. How to apply for Laxmi Goldorna IPO?

Laxmi Goldorna IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.
4. When Laxmi Goldorna IPO allotment?

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.
5. When is Laxmi Goldorna IPO listing date?

The Laxmi Goldorna IPO listing date is on Thursday, April 16, 2020, at NSE SME.
6. What is the lot size of Laxmi Goldorna IPO?

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

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Useful Articles

Laxmi Goldorna IPO Review / Comments

5. Small Investor Mar 25, 2020 10:33

IPO Guru (1300+ Posts, 700+ Likes)

Avoid All SMEs

5.1. AhireR Apr 3, 2020 14:56

Top Contributor (400+ Posts, 600+ 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 Mar 24, 2020 23:18

Ipo details plz

3. VinShah Mar 20, 2020 19:32

Friends, Why subscription live status has shown till 14.10 today? It has to be show till 17.00 today..

3.1. VinShah Apr 3, 2020 15:06

Last day finally sail through..nii rocked last day 👍

2. K joshi Mar 19, 2020 13:49

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 Mar 19, 2020 10:17

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

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