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

IPO Opening Date Mar 13, 2019
IPO Closing Date Mar 18, 2019
Issue Type Fixed Price Issue IPO
Face Value ₹10 per equity share
IPO Price ₹51 per equity share
Market Lot 2000 Shares
Min Order Quantity 2000 Shares
Listing At BSE SME
Issue Size5,750,000 Eq Shares of ₹10
(aggregating up to ₹29.33 Cr)

Ashapuri Gold IPO Tentative Timetable

The Ashapuri Gold IPO open date is Mar 13, 2019, and the close date is Mar 18, 2019. The issue may list on Mar 27, 2019.

IPO Open Date Mar 13, 2019
IPO Close Date Mar 18, 2019
Basis of Allotment Date Mar 22, 2019
Initiation of Refunds Mar 25, 2019
Credit of Shares to Demat Account Mar 26, 2019
IPO Listing Date Mar 27, 2019

Ashapuri Gold IPO Lot Size

The Ashapuri Gold IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹102,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 2000 ₹102,000
Maximum 1 2000 ₹102,000

Ashapuri Gold IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding 73%

Ashapuri Gold IPO Subscription Status (Bidding Detail)

The Ashapuri Gold IPO is subscribed 1.16x times on Mar 18, 2019 18:50. The public issue subscribed 0.25x in the retail category, in the QIB category, and 2.07x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription






Ashapuri Gold IPO Prospectus

Ashapuri Gold IPO Rating

Rating:Rated 1.8 stars
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Ashapuri Gold IPO Listing Date

Listing Date Wednesday, March 27, 2019
BSE Script Code 542579
NSE Symbol
Listing In MT Group of Securities
IPO Price ₹51 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

Ashapuri Gold Ornament Limited
109 to 112A, 1st Floor Supermall,
Nr. Lal Bunglow, C.G.Road,
Ahmedabad- 380009
Phone: 079-26462171

Ashapuri Gold IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Ashapuri Gold IPO Reviews / Ratings

Ashapuri Gold IPO FAQs

Ashapuri Gold IPO is a SME IPO of 5,750,000 equity shares of the face value of ₹10 aggregating up to ₹29.33 Crores. The issue is priced at ₹51 per equity share. The minimum order quantity is 2000 Shares.

The IPO opens on Mar 13, 2019, and closes on Mar 18, 2019.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Ashapuri Gold IPO opens on Mar 13, 2019 and closes on Mar 18, 2019.

Ashapuri Gold IPO lot size is 2000 Shares and the minimum order quantity is 2000 Shares.

You can apply in Ashapuri Gold IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Ashapuri Gold IPO will be done on Mar 22, 2019, and the allotted shares will be credited to your demat account by Mar 26, 2019. Check the Ashapuri Gold IPO allotment status.

The Ashapuri Gold IPO listing date is on Wednesday, March 27, 2019.

Ashapuri Gold IPO Message Board

Ranked Members  Ranked Members

3. Ballu bhai |Apr 10, 2019 07:11
Is there any other good smeipo in the merchant bankers pipeline
2. Small Investor |Mar 12, 2019 10:43
IPO Guru IPO Guru (1400+ Posts, 800+ Likes)
Dear Rajakumar what is the view regarding this ipo i will apply in this ipo
another Shubhlaxmi jewel art and Ahamadabad Base co
2.1. RAJAKUMAR |Mar 13, 2019 10:31
IPO Guru IPO Guru (1400+ Posts, 1100+ 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.
1. Small Investor |Mar 11, 2019 12:09
IPO Guru IPO Guru (1400+ Posts, 800+ Likes)
Ahamadabad Base Co, like good Listing gain possible