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Ashapuri Gold IPO is a fixed price issue of Rs 29.33 crores.
Ashapuri Gold IPO bidding started from March 13, 2019 and ended on March 18, 2019. The allotment for Ashapuri Gold IPO was finalized on Friday, March 22, 2019. The shares got listed on BSE SME on March 27, 2019.
Ashapuri Gold IPO price is ₹51 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹102,000.
Fedex Securities Pvt Ltd is the book running lead manager of the Ashapuri Gold IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Ashapuri Gold IPO RHP for detailed information.
| IPO Date | March 13, 2019 to March 18, 2019 |
| Listing Date | March 27, 2019 |
| Face Value | ₹10 per share |
| Price | ₹51 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 5,750,000 shares (aggregating up to ₹29.33 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 298,000 shares |
Ashapuri Gold IPO offers 5,750,000 shares. 2,726,000 (47.41%) to NII, 2,726,000 (47.41%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 298,000 (5.18%) |
| Other Shares Offered | 2,726,000 (47.41%) |
| Retail Shares Offered | 2,726,000 (47.41%) |
| Total Shares Offered | 5,750,000 (100%) |
Ashapuri Gold IPO opens on March 13, 2019, and closes on March 18, 2019.
| IPO Open Date | Wednesday, March 13, 2019 |
| IPO Close Date | Monday, March 18, 2019 |
| Basis of Allotment | Friday, March 22, 2019 |
| Initiation of Refunds | Monday, March 25, 2019 |
| Credit of Shares to Demat | Tuesday, March 26, 2019 |
| Listing Date | Wednesday, March 27, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 18, 2019 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹102,000 |
| Retail (Max) | 1 | 2000 | ₹102,000 |
| Lot Size Calculator | |||
The Individual Promoters of the Company are:
1. Mr. Saremal Soni
2. Mr. Dinesh Soni
3. Mr.Jitendra Soni
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 73% |
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
| 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 | |
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.
[Dilip Davda]
The issue is exorbitantly priced. It has just one showroom for its core business 9 employees. It is now planning partnership in non-related business of readymade garments. Financial data is non-encouraging. As on 31.12.18, it had a total strength of 9 employees including management. There is no harm in giving this issue a miss
Read detail review...The Ashapuri Gold IPO is subscribed 1.16 times on March 18, 2019 6:50:02 PM. The public issue subscribed 0.25 times in the retail category, times in the QIB category, and 2.07 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 2.07 |
| Retail | 0.25 |
| Total | 1.16 |
| Listing Date | March 27, 2019 |
| BSE Script Code | 542579 |
| NSE Symbol | |
| ISIN | INE05FR01011 |
| Final Issue Price | ₹51 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹51.00 |
| ₹50.00 |
| ₹48.00 |
| ₹52.45 |
| ₹51.00 |
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
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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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 share. The minimum order quantity is 2000 Shares.
The IPO opens on March 13, 2019, and closes on March 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 March 13, 2019 and closes on March 18, 2019.
Ashapuri Gold IPO lot size is 2000 Shares, and the minimum amount required is ₹102,000.
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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Ashapuri Gold IPO will be done on Friday, March 22, 2019, and the allotted shares will be credited to your demat account by Tuesday, March 26, 2019. Check the Ashapuri Gold IPO allotment status.
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