Laxmi Goldorna SME IPO Review

SME 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 SME 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 SME IPO Details

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

Laxmi Goldorna SME IPO Details
Laxmi Goldorna Issue Details Values
IPO Category SME
SME IPO Issue Type Fixed Price Issue IPO
SME IPO Issue Size 55,20,000 Eq Shares of ₹10 (aggregating up to ₹8.28 Cr)
Face Value ₹10 Per Equity Share
SME IPO Issue Price ₹15
SME IPO Discount
Market Lot 8000 Shares
Min Retail 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 SME IPO Live Subscription (NSE + BSE)

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

  • Non-Institutional Investors: 2,616,000 Shares
  • Retail Individual Investor: 2,616,000 Shares
IPO Bidding Live Updates from BSE + NSE
Day NIIRIITotal
 # of Shares Offered2,616,0002,616,0005,232,000
120th Mar 2020 14:120.00x0.00x0.00x
223rd Mar 2020 17:020.00x0.01x0.01x
324th Mar 2020 17:020.25x0.01x0.13x
425th Mar 2020 17:020.25x0.02x0.13x
526th Mar 2020 17:020.36x0.02x0.19x
627th Mar 2020 17:020.36x0.04x0.20x
730th Mar 2020 17:020.38x0.04x0.21x
831st Mar 2020 17:020.71x0.04x0.38x
91st Apr 2020 17:020.83x0.07x0.45x
103rd Apr 2020 17:022.22x0.20x1.21x

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 SME 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 SME 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 SME IPO Recommendations

Laxmi Goldorna SME IPO Important Dates

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

Laxmi Goldorna SME IPO important dates
SME IPO Activity Date
SME IPO Issue Open Date 20th Mar 2020
SME 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
SME IPO Listing Date* Not Yet Announced

* - Tentative Dates

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@
  NRI Form ⇒

Laxmi Goldorna SME IPO Draft Prospectus >>Document

Laxmi Goldorna SME IPO Red Herring Prospectus >>Document

Laxmi Goldorna SME IPO Allotment Status >>Laxmi Goldorna SME IPO Allotment is not declared yet, we will provide the link for status 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 SME IPO Important dates - Issue Open Date, close Date, SME IPO Listing Date. SME IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, SME IPO Listing date. What is the issue open date and close date for Laxmi Goldorna? Should I apply in Laxmi Goldorna SME IPO?

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

Laxmi Goldorna SME 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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  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

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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

     

  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?

     

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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.
avatar
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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