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 DateMar 13, 2019 - Mar 18, 2019
Issue TypeFixed Price Issue IPO
Issue Size5,750,000 Eq Shares of ₹10
(aggregating up to ₹29.33 Cr)
Face Value₹10 Per Equity Share
IPO Price₹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 AcctMar 26, 2019
IPO Shares Listing DateMar 27, 2019

Ashapuri Gold IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)

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




Shares Offered




Mar 18, 2019 18:50




Ashapuri Gold IPO Prospectus

Ashapuri Gold IPO Rating

Rating:Rated 1.8 stars

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Ashapuri Gold IPO Listing Date

Listing DateWednesday, March 27, 2019
BSE Script Code542579
NSE Symbol
Listing InMT
IPO Price₹51 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

IPO Price
Last Trade

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

Ashapuri Gold IPO Registrar

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

Phone: +91-22-6263 8200

Ashapuri Gold IPO FAQs

  1. 1. What is Ashapuri Gold IPO?

    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 price of the IPO is ₹51 Per Equity Share. The minimum order quantity is 2000 Shares per application and the offer type is Fixed Price Issue.

    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.

  2. 2. When Ashapuri Gold IPO will open?

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

  3. 3. How to apply for Ashapuri Gold IPO?

    Ashapuri Gold IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Ashapuri Gold IPO allotment?

    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.

  5. 5. When is Ashapuri Gold IPO listing date?

    The Ashapuri Gold IPO listing date is on Wednesday, March 27, 2019, at BSE SME.
  6. 6. What is the lot size of Ashapuri Gold IPO?

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

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Ashapuri Gold IPO Review / Comments

Ballu bhai
3. Ballu bhai  Apr 10, 2019 07:11
Is there any other good smeipo in the merchant bankers pipeline
Small Investor
2. Small Investor  Mar 12, 2019 10:43
IPO Guru IPO Guru (1300+ Posts, 700+ 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 (1300+ Posts, 900+ 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.
Small Investor
1. Small Investor  Mar 11, 2019 12:09
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
Ahamadabad Base Co, like good Listing gain possible

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