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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
| 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 | |
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 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 Size | 5,520,000 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. |
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 |
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.54% |
The Company has extended the close date till 3rd April from 26th March due to lock down in all parts of India
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...
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)
| Category | Subscription (times) |
|---|---|
| NII | 2.22 |
| Retail | 0.20 |
| Total | 1.21 |
| Listing Date | Thursday, April 16, 2020 |
| BSE Script Code | |
| NSE Symbol | LGHL |
| Listing In | ST Group of Securities |
| ISIN | INE258Y01016 |
| IPO Price | ₹15 per share |
| Face Value | ₹10 per share |
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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/
KFin Technologies Private Limited
Phone: +91 40 6716 2222
Email: laxmi.ipo@kfintech.com
Website: http://www.kfintech.com
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
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.
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