Laxmi Goldorna SME IPO Review

IPO Status: Closed [20th Mar 2020 to 3rd Apr 2020]

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Laxmi Goldorna SME IPO review covers all the information regarding the company like business, objective, strength, weakness, financials, IPO Price, important dates and much more. The Laxmi Goldorna IPO opens on 20-Mar-2020 and closes on 03-Apr-2020. The RHP has been filed on 11th Mar 2020.

  • Fresh Issue: 8.28 Cr
  • Company Incorporated Year: 2010
  • Sector: Gems and Jewellery
  • Website: www.laxmilifestyle.co.in

About Laxmi Goldorna House Ltd

Laxmi Gordorna House Private Limited is engaged in manufacturing and trading of gold jewelry and ornaments. The business offers clients a wide variety of gold and diamond jewelry to meet their expectations. The company operates in two business segments; one is processing, wholesale and retail trading of jewelry and another is real estate.

In the jewelry segment, its product portfolio includes gold jewelry, silver jewelry, platinum jewelry, and diamond jewelry. The company serves customers across high-end, mid-market and value market segments as well. Although most of the design of its products are designed in a traditional manner, but at the same time, looking to changing consumers' preference and taste, the business has also developed Indo-Western jewelry using 3D Computer-Aided Designing Software. It further offers customized designs jewelry to customers. The company is not engaged in manufacturing activities as its products are manufactured by third parties on job-work basis.

However, in 2017, the company has taken a step further and entered into the real estate sector, wherein the key business activity is to construct commercial and residential properties. Currently, Laxmi Eternia in Ahmadabad is its ongoing project which includes the construction of exclusive 723, 3BHK Flats and 52 Shops. As on September 30, 2019, the business has reported net profit after tax worth Rs. 40.16 Lac.

Laxmi Goldorna IPO Objective

The net proceeds from the IPO will be used for the following purposes;

  • To meet the organization’s working capital requirement.
  • To meet general corporate purposes.
  • To meet the issue expenditures.

Laxmi Goldorna IPO Details

Laxmi Goldorna IPO details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.

    Laxmi Goldorna IPO Details
    Laxmi Goldorna Issue Details Values
    IPO Category SME
    IPO Issue Type Fixed Price Issue IPO
    IPO Issue Size 55,20,000 Eq Shares of ₹10 (aggregating up to ₹8.28 Cr)
    Face Value ₹10 Per Equity Share
    IPO Issue Price ₹15
    IPO Discount
    Market Lot 8000 Shares
    Min Order Qty 8000 Shares
    Max Retail Qty 8000 Shares
    Promoter Holding Pre IPO 100%
    Promoter Holding Post IPO 73.54%
    IPO Listing At NSE SME
    BSE Code
    NSE Code

Laxmi Goldorna IPO Live Subscription (NSE + BSE)

The table below is live update of IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers - 0
  • Non-Institutional Investors - 2616000
  • Retail Individual Investor - 2616000
  • Employees Quota - 0
  • Shareholders and Other Quota - 0
IPO Bidding Updates (BSE + NSE) Live
DayDateQIBNIIRIIEMPOtherTotal
026160002616000005232000
120th Mar 2020 14:120x0x0.0031x0x0x0.0015x
223rd Mar 2020 17:020x0x0.0122x0x0x0.0061x
324th Mar 2020 17:020x0.2477x0.0122x0x0x0.13x
425th Mar 2020 17:020x0.2477x0.0183x0x0x0.133x
526th Mar 2020 17:020x0.3578x0.0183x0x0x0.1881x
627th Mar 2020 17:020x0.3578x0.0398x0x0x0.1988x
730th Mar 2020 17:020x0.3792x0.0398x0x0x0.2095x
831st Mar 2020 17:020x0.7095x0.0428x0x0x0.3761x
91st Apr 2020 17:020x0.8287x0.0673x0x0x0.448x
103rd Apr 2020 17:020x2.2202x0.1988x0x0x1.2095x

Laxmi Goldorna Financials for past 3 Years

Past performance and financial results of Laxmi Goldorna.

    Laxmi Goldorna financial
    Laxmi Goldorna IPO Financials 30-Sep-2019 31-Mar-2019 31-Mar-2018 31-Mar-2017
    Total Assets ₹4,294.28 Lakhs ₹3,943.94 Lakhs ₹3,879.01 Lakhs ₹1,028.52 Lakhs
    Total Revenue ₹3,877.66 Lakhs ₹7,344.97 Lakhs ₹6,977.25 Lakhs ₹5,242.52 Lakhs
    Total Expenses ₹3,823.64 Lakhs ₹7,255.40 Lakhs ₹6,918.12 Lakhs ₹5,138.54 Lakhs
    Net Profit/Loss ₹40.16 Lakhs ₹66.82 Lakhs ₹44.06 Lakhs ₹58.05 Lakhs

Laxmi Goldorna IPO Strengths

  • High-quality jewelry and ornaments at competitive prices.
  • Huge product portfolio including gold, diamond, silver and precious stone jewelry.
  • Highly skilled and experienced manpower.
  • Customer-centric offerings as it offers customized products to clients.

Laxmi Goldorna IPO Threats/Weaknesses

  • Gold price fluctuation risk.
  • Volatile raw material prices negatively affect business margins.
  • Lack of experience in the real estate market.
  • Competition from other jewelry businesses and big real estate groups.

Laxmi Goldorna IPO Recommendations

Laxmi Goldorna IPO Important Dates

In this section we have covered all imporatant dates related to Laxmi Goldorna IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.

    Laxmi Goldorna IPO important dates
    IPO Activity Date
    IPO Issue Open Date 20th Mar 2020
    IPO Issue Close Date 3rd Apr 2020
    Basis of Allotment Finalisation Date* Not Yet Announced
    Refunds Initiation* Not Yet Announced
    Credit of Shares to Demat Account* Not Yet Announced
    IPO Listing Date* Not Yet Announced

* - Tentative Dates

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@
  NRI Form ⇒

Laxmi Goldorna IPO Draft Prospectus >>Document

Laxmi Goldorna IPO Red Herring Prospectus >>Document

Laxmi Goldorna IPO Allotment Status >>Laxmi Goldorna IPO Allotment is not declared yet, expected to be declear by Not Yet Announced, will provide the link once allotment is out.

Company Address

Laxmi Goldorna House Ltd
Block No.58/106-107-108,
Anandnagar Flats, B/h Venus Atlantis,
Prahladnagar, Satellite,
Ahmedabad - 380015,
Gujarat
Website: http://www.laxmilifestyle.co.in/
Email: [email protected]
Phone: +91 79 2214 9482

Registrar

KFIN TECHNOLOGIES PRIVATE LIMITED
Selenium Tower-B, Plot 31 & 32,
Gachibowli, Financial District,
Nanakramguda, Serilingampally,
Hyderabad 500 032,
Telangana
Tel No.:+91-040-6716 2222
Email: [email protected]
Website: www.kfintech.com

Lead Manager

  • BEELINE BROKING LIMITED
Laxmi Goldorna IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Laxmi Goldorna? Should I apply in Laxmi Goldorna IPO?

Last Updated on 2020-04-04T05:58:34+00:00

Laxmi Goldorna IPO FAQs

  1. 1. How to subscribe Laxmi Goldorna IPO with Zerodha?

    Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Laxmi Goldorna IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Laxmi Goldorna IPO with Zerodha.

    Alternate approch to apply in Laxmi Goldorna IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

    Laxmi Goldorna IPO Review and Important Updates

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    Discuss this question

  2. 2. How to apply in Laxmi Goldorna IPOs online?

    Apply in Laxmi Goldorna IPO online

    To subscribe or apply in Laxmi Goldorna IPO, you can use the following methods:

    Laxmi Goldorna IPO Applying ModeMethodDetails
    Online Application3-in-1 Trading Account

    If your broker is 3-in-1 service provider, you can apply in Laxmi Goldorna IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

    Online Application2-in-1 Trading Account

    Brokers like Zerodha, TradeSmart Online provides access to applying in Laxmi Goldorna IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

    Online ApplicationASBA

    This is one of the most popular mode of applying in Laxmi Goldorna IPO. Most of the Syndicate Banks provide access to apply in Laxmi Goldorna IPO via ASBA process. You must have your net banking access, DP ID information to apply in Laxmi Goldorna IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

    Offline ApplicationPhysical Form

    You can apply in Laxmi Goldorna IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

    Laxmi Goldorna IPO Review and Important Updates

    Other relevant question on same topics are:

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  3. 4. What is the listing date of Laxmi Goldorna IPO?

    Laxmi Goldorna IPO is going to be list on TBD.

    Other relevant questions:

    When Laxmi Goldorna IPO will be listing? Laxmi Goldorna IPO listing date?Laxmi Goldorna IPO date of listing

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  4. 5. When Laxmi Goldorna IPO will be allocated?

    Laxmi Goldorna IPO Allotment Date is TBD.

    Other relevant questions:

    Laxmi Goldorna IPO share allotment date?Laxmi Goldorna IPO allotment date?

    Discuss this question

  5. 6. When Laxmi Goldorna IPO will open?

    Laxmi Goldorna IPO Issue Open Date is 20-03-2020.

    Other relevant questions:

    Laxmi Goldorna IPO start date? When Laxmi Goldorna IPO Open Date? When to invest in Laxmi Goldorna IPO?

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  6. 7. When Laxmi Goldorna IPO will close?

    Laxmi Goldorna IPO Issue Close Date is 03-04-2020.

    Other relevant questions:

    Laxmi Goldorna IPO end date? When Laxmi Goldorna IPO Close Date? Last Date to invest in Laxmi Goldorna IPO?

    Discuss this question

  7. 8. What is the price of Laxmi Goldorna IPO for retail investor?

    Laxmi Goldorna IPO price for retail investor is ₹15.

    Discuss this question

  8. 9. What is the lot size of Laxmi Goldorna IPO for retail investor?

    Laxmi Goldorna IPO lot size for retail investor is 8000 Shares(Min) and 8000 Shares (Max).

    Other relevant questions:

    Laxmi Goldorna IPO lot details? Laxmi Goldorna IPO market lot? Laxmi Goldorna IPO details lot size?

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  9. 10. Can I invest in Laxmi Goldorna IPO via UPI?

    Yes, you can invest in Laxmi Goldorna IPO via UPI. If applying online, you can use UPI as well as ASBA. If applying through physical form, UPI is mandatory.

    Discuss this question

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User Comments

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5. Chaitanya  3/18/2020 1:07:06 AM Reply
Laxmi Goldorna IPO expected listing gain.
avatar
4. VASUDEV Patel  3/18/2020 1:07:06 AM Reply
Please confirm Laxmi Goldorna IPO GMP (grey market premium) and kostak.
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3. Amjad  3/18/2020 1:07:06 AM Reply
Laxmi Goldorna IPO good or bad.
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2. gopal  3/18/2020 1:07:06 AM Reply
Laxmi Goldorna IPO whether to invest or not.
avatar
1. Rakibul Islam  3/18/2020 1:07:06 AM Reply
Laxmi Goldorna IPO - CRISIL Rating, Apply or not?.

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