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Ashapuri Gold Ornament Ltd FPO (Ashapuri Gold Ornament FPO) Detail

Mar 3, 2021 - Mar 8, 2021

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

  • Experienced promoters with 2+ decades in the industry.
  • Strategically located showroom.
  • Wide product portfolio and innovative jewellery design.
  • Strong in-house designing capabilities.

Company Promoters:

Mr. Saremal Soni, Mr. Dinesh Soni, and Mr. Jitendra Soni are the company promoters.

Company Financials:

Summary of financial Information (Restated Consolidated)
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

Objects of the Issue:

The net proceed from the FPO will be used towards following purposes;

  • To establish of Jewellery manufacturing unit
  • To meet working capital requirements.
  • To meet general corporate purposes.

Ashapuri Gold Ornament FPO Details

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 Size3,705,600 Eq Shares of ₹10
(aggregating up to ₹30.02 Cr)

Ashapuri Gold Ornament FPO Lot Size

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

Ashapuri Gold Ornament FPO Promoter Holding

Pre Issue Share Holding 73%
Post Issue Share Holding

Ashapuri Gold Ornament FPO Review

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...

Ashapuri Gold Ornament FPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
NII2.07
Retail0.28
Total1.17

Ashapuri Gold Ornament FPO Prospectus

Ashapuri Gold Ornament FPO Rating

33
3.1
Rating:Rated 3.1 stars
Vote Here ...

Ashapuri Gold Ornament FPO Listing Date

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

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹81.00
₹75.00
₹70.00
₹81.00
₹70.05

Company Contact Information

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

Ashapuri Gold Ornament FPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Ashapuri Gold Ornament FPO Reviews / Ratings

Ashapuri Gold Ornament FPO Lead Manager(s)

Ashapuri Gold Ornament FPO FAQs

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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Ashapuri Gold Ornament FPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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.

The Ashapuri Gold Ornament FPO listing date is on Wednesday, March 17, 2021.

Ashapuri Gold Ornament FPO Message Board

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