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 DateMar 20, 2020 - Apr 3, 2020
Issue TypeFixed Price Issue IPO
Issue Size5,520,000 Eq Shares of ₹10
(aggregating up to ₹8.28 Cr)
Face Value₹10 Per Equity Share
IPO Price₹15 Per Equity Share
Market Lot8000 Shares
Min Order Quantity8000 Shares
Listing AtNSE SME
P/E (x)39
Market Cap (₹ Cr.)31.31

Laxmi Goldorna IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum18000₹120,000
Maximum18000₹120,000

Laxmi Goldorna IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding73.54%

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 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

Mar 27, 2020 17:00

0.36x

0.04x

0.20x

Laxmi Goldorna IPO Prospectus

Laxmi Goldorna IPO Rating

42
2.5
Rating:Rated 2.5 stars

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Laxmi Goldorna IPO Reviews / Ratings

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)

Laxmi Goldorna IPO FAQs

  1. 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. 2. When Laxmi Goldorna IPO will open?

    The Laxmi Goldorna IPO opens on Mar 20, 2020 and closes on Apr 3, 2020.

  3. 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. 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. 5. When is Laxmi Goldorna IPO listing date?

    The Laxmi Goldorna IPO listing date is not yet announced. The tentative date of Laxmi Goldorna IPO listing is [.].
  6. 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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Laxmi Goldorna IPO Review / Comments

Small Investor
5. Small Investor  Mar 25, 2020 10:33 I Like It. | I Don't Like It. | Report Abuse Reply
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
Avoid All SMEs
Riddhesh Desai
4. Riddhesh Desai  Mar 24, 2020 23:18 I Like It. | I Don't Like It. | Report Abuse Reply
New Member New Member
Ipo details plz
VinShah
3. VinShah  Mar 20, 2020 19:32 I Like It. 1 | I Don't Like It. | Report Abuse Reply
Friends, Why subscription live status has shown till 14.10 today? It has to be show till 17.00 today..
K joshi
2. K joshi  Mar 19, 2020 13:49 I Like It. | I Don't Like It. | Report Abuse Reply
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
Dilip Davda
1. Dilip Davda  Mar 19, 2020 10:17 I Like It. 2 | I Don't Like It. | Report Abuse Reply
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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