About the Company:
Laxmi Goldorna Ltd is engaged in two business segment which include processing and trading business of gold Jewellery and real estates activity.
Company is in the business of processing, wholesale and retail trading of gold jewellery and ornaments. Our collection of processed product includes gold jewellery with or without studded precious and semi-precious stones.
Company offers its customers a broad variety of gold jewellery and other jewellery in order to cater to regional tastes.
The designing and processing of the products is done by third parties on job work basis. Company do not have its own manufacturing establishment.
Most of the jewellery are designed in a traditional manner as the demand for traditional jewellery is very high in the local markets of Ahmedabad and nearby localities.
The Details of Company’s Business activities is as follows:-
- Processing, wholesale and retail trading of Jewellery:-
- Real Estate Activities:-
Company has recently started the real estate activity which include construction and development of residential and commercial projects and have received the necessary approvals from various regulartory authorities for such Projects.
Since company has recently started the real estate activities so does not have any completed project, hence one of the project is ongoing and one project
Company’s Ongoing Project:-
The project is spread over the area of 18,816 Sq. Mtr in Vatva, Ahmedabad which is very nearer to Ahmedabad Railway Station, Ahmedabad Airport and Baroda Express Way.
The project site is situated in very developed area and middle of city. The Full Project is designed by well known architecture “BEND GROUP”
Company proposed to construct exclusive 723, 3BHK Flats and 52 Shop includes various amenities like Basement parking, Party plot, Theatre, Play zone, Basket Ball court, Gym, Party Kitchen, Society Office, Badminton court etc.
Company’s Proposed Project:-
The project is spread over the area of 2,369 Sq. Mtr in Vatva, Ahmedabad which is very nearer to Ahmedabad Railway Station, Ahmedabad Airport and Baroda Express Way.
company has received Height clearance approval from Airport Authority of India and Fire Safety & Protection approval from Ahmedabad Municipal Corporation. The Full Project is designed by well known architecture “BEND GROUP”
The company proposed to construct exclusive 112, 2BHK Flats and 14 Shop with various amenities like Party plot, Theatre, Play zone, Basket Ball court, Gym, Party Kitchen, Society Office, Badminton court etc.
- Mr. Jayesh Chinubhai Shah (Designation: Chairman and Managing Director)
- Mrs. Rupalben Jayeshkumar Shah (Designation: Whole Time Director)
Objectives of the Issue:
- To Meet Working Capital Requirement
- General Corporate Purpose
- To Meet the Issue Expenses
Financials of the Company:
|(in Crores)||FY 17||FY 18||FY 19||30th Sept 19|
|Issue Opens on||20th March 2020|
|Issue Closes on:.||26th March 2020|
|Issue Size||Rs.8.28 cr|
|Market Cap||Rs.31.30 cr|
|Listing at||NSE SME|
|Equity Shares Offered (Fresh)||55,20,000|
|Equity Shares Prior to the Issue||1,53,51,900|
|Equity Shares after the issue||2,08,71,900|
IPO Valuation Parameters:
|Earnings Per Share (EPS)||Price To Earnings ratio (PE)||Return on Net Worth (RoNW)||Net Asset Value (NAV)|
|Company Contact Info:|
|Laxmi Goldorna House Limited
Laxmi House, Opp. Bandharano Khacho,
M G Haveli Road, Manek Chowk,
Ahmedabad – 380001, Gujarat, India
Tel. No.: +91-79-2214 9482, +91-9898 033044
|IPO Registrar Info:|
|KFIN TECHNOLOGIES PRIVATE LIMITED
SEBI Registration Number: INR000000221
Selenium Tower-B, Plot 31 & 32, Gachibowli, Financial District,
Nanakramguda, Serilingampally, Hyderabad – 500 032, Telangana
Tel No.:+91-040-6716 2222
Fax No.: +91-040-2343 1551
|Lead Manager to the Issue:|
|BEELINE BROKING LIMITED
807, Phoenix Tower,
Opp. New Girish Cold Drinks, Near Vijay Cross Roads,
Navrangpura, Ahmedabad – 380 009
Telephone Number: +91 79 4840 5357
Email Id: firstname.lastname@example.org