Laxmi Goldorna House extends IPO closing date to April 3 due to lockdown

31 Mar 2020 Evaluate

Laxmi Goldorna House has extended its initial public offer (IPO) subscription deadline to April 3, 2020 from March 26, 2020 due to lockdown in all parts of India. The company is coming out with an IPO of 55,20,000 Equity Shares of face value of Rs 10 each for cash at a fixed price of Rs 15 per equity share.

The net proceeds from the fresh issue will be utilized toward meeting working capital requirement, meeting issue expenses and for general corporate purpose.

Laxmi Goldorna House 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.

Peers
Company Name CMP
Titan Co 3794.20
Kalyan Jewell.India 428.00
Rajesh Exports 263.10
Sagar Diamonds 29.06
Senco Gold 774.00
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