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
Mr. Jayesh Chinubhai Shah and Mrs. Rupalben Jayeshkumar Shah are the promoters of the company.
| 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 | |
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
| 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 |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 8000 | ₹120,000 |
| Maximum | 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
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 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
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
Lead Manager Reports
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.
The Laxmi Goldorna IPO opens on Mar 20, 2020 and closes on Apr 3, 2020.
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.
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.
Laxmi Goldorna IPO lot size is 8000 Shares and the minimum order quantity is 8000 Shares.
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