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Incorporated in 2008, Ashapuri Gold Ornament Limited is primarily engaged in the wholesale jewellery trading business. The company designs, manufactures, and sell a wide range of gold, studded jewellery, and other jewellery products i.e. wedding jewellery, festive jewellery, rings, chains, earrings, ear chain, nose pins, waist belts, mangalsutra, anklet, Pendant set, bangles, etc.
All the jewellery manufacturing job work is carried in its own manufacturing unit at Ahmedabad and Rajkot. It has 2945 sq. ft. of the showroom and 2194 sq. ft of the manufacturing facility in Ahmedabad. The firm has a sales team across different cities i.e. Delhi, Punjab, Rajasthan, UP, Chennai, Kolkata, Bangalore to serve customers all over the country.
Competitive strengths
Mr. Saremal Soni, Mr. Dinesh Soni, and Mr. Jitendra Soni are the company promoters.
| Particulars | For the year/period ended (₹ in lakhs) | ||||
|---|---|---|---|---|---|
| 30-Sep-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 5,105.64 | 4,852.10 | 4,662.74 | 1,454.00 | |
| Total Revenue | 2,231.16 | 12,065.90 | 8,820.22 | 4,692.92 | |
| Profit After Tax | 244.22 | 47.36 | 38.16 | 7.30 | |
The net proceed from the FPO will be used towards following purposes;
| IPO Opening Date | Mar 3, 2021 |
| IPO Closing Date | Mar 8, 2021 |
| Issue Type | Fixed Price Issue FPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹81 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | BSE SME |
| Issue Size | 3,705,600 Eq Shares of ₹10 (aggregating up to ₹30.02 Cr) |
The Ashapuri Gold Ornament FPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹129,600).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹129,600 |
| Maximum | 1 | 1600 | ₹129,600 |
| Pre Issue Share Holding | 73% |
| Post Issue Share Holding |
It appears that to pave the way for this greedily priced FPO, some operations are done in the market by vested interests. If we consider the previous two CYs, the price remained below the IPO price for the most part of the period. If we see the trading range for the month of February 2021, it has marked a high/low of Rs. 77.00 / Rs. 50.00. The last traded price of AGOL is Rs. 75.00 (as on March 02, 2021). Simply stay away from such a greedy offer. Read detail review...
The Ashapuri Gold Ornament FPO is subscribed 1.17 times on Mar 8, 2021 7:49:00 AM. The public issue subscribed 0.28 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) |
|---|---|
| NII | 2.07 |
| Retail | 0.28 |
| Total | 1.17 |
| Listing Date | Wednesday, March 17, 2021 |
| BSE Script Code | 542579 |
| NSE Symbol | |
| Listing In | |
| ISIN | INE05FR01011 |
| IPO Price | ₹81 per equity share |
| Face Value | ₹10 per equity share |
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Ashapuri Gold Ornament Ltd
109 to 112-A, Super Mall, Nr. LalBunglow,
C G Road, Ahmedabad – 380 009
Phone: 079-26462171
Email: account@ashapurigold.com
Website: https://www.ashapurigold.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Ashapuri Gold Ornament FPO is a SME FPO of 3,705,600 equity shares of the face value of ₹10 aggregating up to ₹30.02 Crores. The issue is priced at ₹81 per equity share. The minimum order quantity is 1600 Shares.
The FPO opens on Mar 3, 2021, and closes on Mar 8, 2021.
Bigshare Services Pvt Ltd is the registrar for the FPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Ashapuri Gold Ornament FPO using UPI as a payment gateway. Zerodha customers can apply in Ashapuri Gold Ornament FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ashapuri Gold Ornament FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ashapuri Gold Ornament FPO opens on Mar 3, 2021 and closes on Mar 8, 2021.
Ashapuri Gold Ornament FPO lot size is 1600 Shares and the minimum order quantity is 1600 Shares.
You can apply in Ashapuri Gold Ornament FPO 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 Ornament FPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Ashapuri Gold Ornament FPO allotment status.
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