Fixed Price IPO | ₹8 Cr | Listed at NSE SME | Fri, Mar 20, 2020 - Fri, Apr 3, 2020
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Mar 20, 2020
IPO Close
Fri, Apr 3, 2020
Issue Price
₹15 per share
Market Cap (Pre-IPO)
₹31.31 Cr
| IPO Date | 20 Mar to 3 Apr, 2020 |
| Listed on | Thu, Apr 16, 2020 |
| Face Value | ₹10 per share |
| Issue Price | ₹15 per share |
| Lot Size | 8,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 55,20,000 shares (agg. up to ₹8 Cr) |
| Reserved for Market Maker | 2,88,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹0.4320 Cr) |
| Fresh Issue (Ex Market Maker) | 52,32,000 shares (agg. up to ₹8 Cr) |
| Net Offered to Public | 52,32,000 shares (agg. up to ₹8 Cr) |
| Share Holding Pre Issue | 1,53,51,900 shares |
| Share Holding Post Issue | 2,08,71,900 shares |
| NSE Symbol | LGHL |
| ISIN | INE258Y01016 |
Laxmi Goldorna House IPO comprises a total issue size of 55,20,000 shares. The net offer to the public is 52,32,000 shares, after excluding 2,88,000 shares allotted on a firm basis. Of the Net offer 26,16,000 (50.00%) allocated to NII 26,16,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 26,16,000 | 50.00% | 47.39% |
| Retail Shares Offered | 26,16,000 | 50.00% | 47.39% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,88,000 | 5.22% | |
| Total Shares Offered | 55,20,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 8,000 shares and in multiples thereof.
| 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 |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Working Capital Requirement | 7.00 |
| 2 | General Corporate Expenses | 0.88 |
| 3 | Public Issue Expenses | 0.40 |
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 39 | |
| Promoter Holding | 100% | 73.54% |
| Market Cap | ₹31.31 Cr. |
The Laxmi Goldorna IPO is subscribed 1.21 times on April 3, 2020 5:00:01 PM (Day 10). The public issue subscribed 0.2 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.22 | 26,16,000 | 58,08,000 |
| Retail | 0.2 | 26,16,000 | 5,20,000 |
| Total | 1.21 | 52,32,000 | 63,28,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including underwriting and selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, etc | 0.20 |
| 2 | Printing and Stationery and postage expenses | 0.02 |
| 3 | Advertising and Marketing expenses | 0.02 |
| 4 | Statutory expenses | 0.16 |
The Company has extended the close date till 3rd April from 26th March due to lock down in all parts of India
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹15.00 |
| Open | ₹15.00 |
| Low | ₹14.65 |
| High | ₹15.10 |
| Last Trade | ₹15.00 |
Lead Manager Reports
Laxmi Goldorna House IPO is a SME IPO of 55,20,000 equity shares of the face value of ₹10 aggregating up to ₹8 Crores. The issue is priced at ₹15 per share. The minimum order quantity is 8000.
The IPO opens on Fri, Mar 20, 2020, and closes on Fri, Apr 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 Fri, Mar 20, 2020 and closes on Fri, Apr 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 Thu, Apr 16, 2020.
