Incorporated in 2014, Ashok Masala Mart Ltd is engaged in the manufacturing, exporting and supplying of Blended Spices, Whole spices and Grinded spices.
They sell their products under the two brand names "APPU MASALA" & "GAYATRI MASALA". They produce more than 30 types of Spices and Masalas like Pav Bhaji Masala, Chaat Masala, Tea Masala, Garam Masala, Sambhar Masala, Punjabi Chole Masala, Biryani/Pulav Masala, Kitchen King Masala and various Powders like Red Chilli Powder, Jeera Powder, White Pepper Powder, Turmeric Powder. They have in-house facility to execute all types of manufacturing activities such as cleaning, drying, grading, grinding, packaging, etc.
The Promoters of the company are:
1. Ashok Shivji Chothani
2. Neeraj Ashok Chothani
3. Sunil Shivji Chothani
The objects to the Issue are:
1. To Purchase the new corporate office and its interior expenses;
2. To part-finance incremental working capital requirements;
3. To meet the general corporate expenses;
4. To meet the expenses of the Issue.
»» Issue Open: Aug 7, 2017 - Aug 11, 2017
»» Issue Type: Fixed Price Issue IPO
»» Issue Size: 2,010,000 Equity Shares of Rs 10 aggregating up to Rs 2.01 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 10 Per Equity Share
»» Market Lot: 10000 Shares
»» Minimum Order Quantity: 10000 Shares
»» Listing At: BSE SME
Ashok Masala IPO Subscription Status tells if Ashok Masala IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. Ashok Masala IPO oversubscribed if bids are received for more shares than what is offered by the company.
|Number of Bids Received|
|As on Date & Time||QIB||NII||RII||Total|
|Shares Offered / Reserved||0||1,005,000||1,005,000||2,010,000|
|Day 1 - Aug 7, 2017 17:00 IST||0||-||-||-|
|Day 2 - Aug 8, 2017 17:00 IST||0||160,000||2,470,000||2,630,000|
|Day 3 - Aug 9, 2017 17:00 IST||0||190,000||3,950,000||4,140,000|
|Day 4 - Aug 10, 2017 17:00 IST||0||270,000||9,220,000||9,490,000|
|Day 5 - Aug 11, 2017 17:00 IST||0||1,380,000||20,560,000||21,940,000|
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