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
The Individual Promoters of the Company are:
1. Mr. Saremal Soni
2. Mr. Dinesh Soni
3. Mr.Jitendra Soni
|Particulars||For the year/period ended (in Rs. Lakhs)|
|Profit After Tax||31.85||7.30||3.97||6.40|
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.
|Issue Open||Mar 13, 2019 - Mar 18, 2019|
|Issue Type||Fixed Price Issue IPO|
|Issue Size||5,750,000 Eq Shares of Rs 10 |
(aggregating up to Rs 29.33 Cr)
|Face Value||Rs 10 Per Equity Share|
|Issue Price||Rs 51 Per Equity Share|
|Market Lot||2000 Shares|
|Min Order Quantity||2000 Shares|
|Listing At||BSE SME|
|Bid/Offer Opens On||Mar 13, 2019|
|Bid/Offer Closes On||Mar 18, 2019|
|Finalisation of Basis of Allotment||Mar 22, 2019|
|Initiation of Refunds||Mar 25, 2019|
|Credit of Shares to Demat Acct:||Mar 26, 2019|
|IPO Shares Listing Date:||Mar 27, 2019|
|Pre Issue Share Holding||100%|
|Post Issue Share Holding||73%|
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