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Laxmi Goldorna House IPO is a fixed price issue of ₹8.28 crores. The issue is entirely a fresh issue of 0.55 crore shares of ₹8.28 crore.
Laxmi Goldorna House IPO bidding started from Mar 20, 2020 and ended on Apr 3, 2020. The shares got listed on NSE SME on Apr 16, 2020.
Laxmi Goldorna House IPO price is ₹15.00 per share . The lot size for an application is 8,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (8000 shares). The minimum lot size investment for HNI is 2 lots (16,000 shares), amounting to ₹2,40,000.
Beeline Broking Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Hem Finlease Pvt.Ltd..
Refer to Laxmi Goldorna House IPO RHP for detailed Information.
| IPO Date | March 20, 2020 to April 3, 2020 |
| Listing Date | April 16, 2020 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹15 per share |
| Lot Size | 8,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 55,20,000 shares (aggregating up to ₹8.28 Cr) |
| Reserved for Market Maker | 2,88,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹0.4320 Cr) |
| Net Offered to Public | 52,32,000 shares (aggregating up to ₹7.85 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,53,51,900 shares |
| Share Holding Post Issue | 2,08,71,900 shares |
Laxmi Goldorna IPO offers total 55,20,000 shares. Out of which 26,16,000 (47.39%) allocated to NII, 26,16,000 (47.39%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,88,000 (5.22%) |
| NII (HNI) Shares Offered | 26,16,000 (47.39%) |
| Retail Shares Offered | 26,16,000 (47.39%) |
| Total Shares Offered | 55,20,000 (100.00%) |
Laxmi Goldorna House IPO opens on March 20, 2020, and closes on April 3, 2020.
| IPO Open Date | Fri, Mar 20, 2020 |
| IPO Close Date | Fri, Apr 3, 2020 |
| Tentative Listing Date | Thu, Apr 16, 2020 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Apr 3, 2020 |
Investors can bid for a minimum of 8,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 8,000 | ₹1,20,000 |
| Retail (Max) | 1 | 8,000 | ₹1,20,000 |
| HNI (Min) | 2 | 16,000 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 market capitalization of Laxmi Goldorna House IPO is ₹31.31 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 39 |
The Company Laxmi Goldorna House IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To Meet Working Capital Requirement | 7.00 |
| 2 | General Corporate Expenses | 0.88 |
| 3 | Public Issue Expenses | 0.40 |
[Dilip Davda] 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 Company has extended the close date till 3rd April from 26th March due to lock down in all parts of India
| Listing Date | April 16, 2020 |
| BSE Script Code | |
| NSE Symbol | LGHL |
| ISIN | INE258Y01016 |
| Final Issue Price | ₹15 per share |
| BSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹15.00 |
| Open | ₹15.00 |
| Low | ₹14.65 |
| High | ₹15.10 |
| Last Trade | ₹15.00 |
Laxmi Goldorna House Ltd.
Laxmi House, Opp. Bandharano Khacho
M G Haveli Road
Manek Chowk
Ahmedabad, Gujarat, 380001
Phone: +91 79 2214 9482
Email: info@laxmilifestyle.co.in
Website: http://www.laxmilifestyle.co.in/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: laxmi.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Laxmi Goldorna House IPO is a SME IPO of 55,20,000 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.
The IPO opens on March 20, 2020, and closes on April 3, 2020.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Laxmi Goldorna House IPO using UPI as a payment gateway. Zerodha customers can apply in Laxmi Goldorna House IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Laxmi Goldorna House IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Laxmi Goldorna House IPO opens on March 20, 2020 and closes on April 3, 2020.
Laxmi Goldorna House IPO lot size is 8000, and the minimum amount required for application is ₹1,20,000.
You can apply in Laxmi Goldorna House IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Laxmi Goldorna House IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Laxmi Goldorna House IPO allotment status.
The Laxmi Goldorna House IPO listing date is on Thursday, April 16, 2020.
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