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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 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.
| IPO Date | Mar 13, 2019 to Mar 18, 2019 |
| Listing Date | Mar 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 |
| NII (HNI) Shares Offered | 2726000 |
| Retail Shares Offered | 2726000 |
| Market Maker portion | 298,000 shares |
| Total Shares Offered | 5,452,000 |
Ashapuri Gold IPO opens on Mar 13, 2019, and closes on Mar 18, 2019.
| Event | Tentative Date |
|---|---|
| Opening Date | Mar 13, 2019 |
| Closing Date | Mar 18, 2019 |
| Basis of Allotment | Mar 22, 2019 |
| Initiation of Refunds | Mar 25, 2019 |
| Credit of Shares to Demat | Mar 26, 2019 |
| Listing Date | Mar 27, 2019 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
The Ashapuri Gold IPO lot size is 2000 shares.
| 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
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73% |
| 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 | |
[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 Mar 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 | Mar 27, 2019 |
| BSE Script Code | 542579 |
| NSE Symbol | |
| ISIN | INE05FR01011 |
| IPO Price | ₹51 per share |
| Price Details |
|---|
| IPO 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://www.bigshareonline.com/
Are you an SME company looking for an IPO to raise funds and get listed in the stock market? We can help. Contact us today... SME IPO Enquiry Form
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 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 .
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 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.
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