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Ashapuri Gold Ornament Limited IPO (Ashapuri Gold IPO) Detail

Mar 13, 2019 - Mar 18, 2019

Incorporated in 2008, Ashapuri Gold Ornament Limited is engaged in the business of wholesale trading of gold jewellery. Company's products portfolio includes Ring, Nose Ring, Bangles, Earring, Anklets, Necklace, Pendant etc. They sell antique, traditional, bridal contemporary and combination designs which cater diversified customer segments.

The company is having a showroom of 2945 sq. feet in Ahmedabad. The company only sell Hallmark certified jewellery and those are manufactured on Job work basis at Ahmedabad and Rajkot.

Ashapuri has also entered into a partnership with Blue-Onxy Lifestyle which carrying business of Branded Readymade Garments. They also have the plan to open multiple chains of showrooms of Readymade Garments over a period of time in various cities across Gujarat.

It currently employs 9 employees on its payroll.

The competitive strengths of the company are:

• More than 10-years of experience
• Showrooms at prime locations in Ahmedabad
• A wide range of products
• Unique and antique designs

Company Promoters:

The Individual Promoters of the Company are:

1. Mr. Saremal Soni
2. Mr. Dinesh Soni
3. Mr.Jitendra Soni

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
30-Nov-18 31-Mar-18 31-Mar-17 31-Mar-16
Total Assets 1,609.52 1,454.00 1,557.90 1,684.27
Total Revenue 4,951.27 4,692.92 3,729.42 5,562.73
Profit After Tax 31.85 7.30 3.97 6.40

Objects of the Issue:

The objects of the issue are:

1. Establishment of jewellery manufacturing unit;
2. Investment in partnership firm;
3. Meeting working capital requirements; and
4. General corporate purposes.

Ashapuri Gold IPO Details

Issue OpenMar 13, 2019 - Mar 18, 2019
Issue TypeFixed Price Issue IPO
Issue Size5,750,000 Eq Shares of Rs 10
(aggregating up to Rs 29.33 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 51 Per Equity Share
Market Lot2000 Shares
Min Order Quantity2000 Shares
Listing AtBSE SME

Ashapuri Gold IPO Tentative Date / Timetable

Bid/Offer Opens OnMar 13, 2019
Bid/Offer Closes OnMar 18, 2019
Finalisation of Basis of AllotmentMar 22, 2019
Initiation of RefundsMar 25, 2019
Credit of Shares to Demat Acct:Mar 26, 2019
IPO Shares Listing Date:Mar 27, 2019

Ashapuri Gold IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding73%

Ashapuri Gold IPO Subscription Status (Bidding Detail)

Ashapuri Gold IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

NII

RII

Total

Shares Offered

2,726,000

2,726,000

5,452,000

Mar 18, 2019 18:50

2.07x

0.25x

1.16x

Ashapuri Gold IPO Prospectus

Ashapuri Gold IPO Rating

25
1.8
Rating:Rated 1.8 stars

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Ashapuri Gold IPO Reviews / Ratings

Company Contact Information

Ashapuri Gold Ornament Limited
109 to 112A, 1st Floor Supermall,
Nr. Lal Bunglow, C.G.Road,
Ahmedabad- 380009

Phone: 079-26462171
Email: info@ashapurigold.com
Website: http://www.ashapurigold.com

Ashapuri Gold IPO Registrar

Bigshare Services Pvt Ltd   »  Report
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Ashapuri Gold IPO Lead Manager(s)

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Ashapuri Gold IPO Review / Comments

avatar
2. Small Investor  Mar 12, 2019 10:43 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Dear Rajakumar what is the view regarding this ipo i will apply in this ipo
another Shubhlaxmi jewel art and Ahamadabad Base co
avatar
2.1. RAJAKUMAR  Mar 13, 2019 10:31 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 500+ Likes)
Dear Small
I am concentrating REIT issue. It is first company to list exchanges. My expectation is fii and Hni will subscribe;heavily.
Fii portion is 75%
For others 25%
We ((Retail and Hni) are same category.
Minimum lot is 800 and thereafter multiples of 400 units.
Minimum investment is 2.4 lakh
Proportionate allotment.
So if my expectation is fullfils then i go for this REIT.
Reg Ashapuri
I dont know sir.
Subbulakshmi is Pantamoth but in this case LM is Fedex.
Lets wait and see sir.
No body knows in which sme counter operator comes.
After knowing subscription on last day I will follow you sir.
avatar
1. Small Investor  Mar 11, 2019 12:09 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Ahamadabad Base Co, like good Listing gain possible



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