Laxmi Goldorna House IPO Details

Laxmi Goldorna House IPOLaxmi Goldorna IPO description – Laxmi Goldorna House started its journey in the year 2010 with business of gold jewellery and ornaments which includes wholesale and retail trading of all types of jewellery items. The company processes some of its jewellery through jobwork as the company does not have its own manufacturing establishment. Most of its jewellery is designed in a traditional manner as the demand for traditional jewellery is very high in the local markets of Ahmedabad and nearby localities. The company also diversified in real estate in the year 2017 which includes construction of commercial and residential projects by adding real estate business in its main object in Memorandum of Association. Since the company has recently started the real estate activities, it does not have any completed project. One of its projects is ongoing and another project is proposed.

Promoters of Laxmi Goldorna House – Mr Jayesh Chinubhai Shah and Mrs Rupalben Jayeshkumar Shah
Laxmi Goldorna House IPO details
Subscription Dates 20 – 26 March (Extended till 3 April 2020 due to lockdown)
Price Band INR15 per share
Fresh issue 5,520,000 shares (INR8.28 crore)
Offer For Sale Nil
Total IPO size 5,520,000 shares (INR8.28 crore)
Minimum bid (lot size) 8,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge SME platform

Laxmi Goldorna House’s financial performance (in INR lakh)

FY2017 FY2018 FY2019 H1 FY2020
Revenue 5,242.5 6,977.3 7,345.0 3,877.7
Expenses 5,138.5 6,918.1 7,255.4 3,823.6
Net income 58.1 44.1 66.8 40.2

Registrar of Laxmi Goldorna House IPO

KFin Technologies Private Limited Selenium Tower B, Plot 31-32, Gachibowli, Nanakramguda, Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222 
 +91 40 2343 1551
Email: [email protected]

Valuation of Laxmi Goldorna House IPO (FY2019)

Earnings Per Share (EPS): INR0.44 Price/Earnings (PE ratio): 34.46 Return on Net Worth (RONW): 2.93% Net Asset Value (NAV): INR14.86 per share

Laxmi Goldorna House IPO Subscription Details


Subscription (no. of times)

Day 1


Day 2


Day 3


Day 4


Day 5


Day 6 0.19
Day 7 0.20
Day 8 0.36
Day 9 0.42
Day 10 1.14

Laxmi Goldorna House Contact Details

Laxmi Goldorna House Limited
Block No.58/106-107-108, Anandnagar Flats, B/h Venus Atlantis, Prahladnagar, Satellite, Ahmedabad-380015
Phone: 91 79-2214 9482
Email: [email protected]

Laxmi Goldorna House IPO Allotment Status

Laxmi Goldorna House IPO allotment status is now available on KFin Technologies’ website. Click on this link to get allotment status.

Listing Performance of Laxmi Goldorna House

IPO Opening Date: 20 March 2020
IPO Closing Date: 26 March 2020 (Extended till 3 April 2020 due to Coronavirus lockdown)
Listing Date: 16 March 2020 
Opening Price on NSE SME: INR15 per share (no change from IPO price)
Closing Price on NSE SME: INR15 per share (no change from IPO price)

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