News Details

( As on 18/03/2020 10:50)

Laxmi Goldorna House announces launch of initial public offering

Laxmi Goldorna House Ltd. has announced public offering of 5520000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 5.00 per share. The gross proceeds of the issue are expected to be Rs 828.00 lakhs.

The company's initial public offer (IPO) will open on 20 March 2020 and is expected to close on 26 March 2020, subject to customary closing conditions.

The IPO includes a fresh Issue of 5520000 Equity Shares of the Company at an price of Rs 15.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 8000 shares with bids in multiples of 8000.

Laxmi Goldorna House Ltd. anticipates using the proceeds of the issue for To Meet Working Capital Requirement General Corporate Purpose To Meet the Issue Expenses.

BEELINE BROKING LIMITED as lead manager & KFIN Technologies Pvt. Ltd. is the registrar, to the issue.