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

March 3, 2021 - March 8, 2021

Ashapuri Gold Ornament FPO is a fixed price issue of Rs 30.02 crores.

Ashapuri Gold Ornament FPO bidding started from March 3, 2021 and ended on March 8, 2021. The shares got listed on BSE SME on March 17, 2021.

Ashapuri Gold Ornament FPO price is ₹81 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹129,600.

Refer to Ashapuri Gold Ornament FPO DRHP for detailed information.

Ashapuri Gold Ornament FPO Details

IPO Date March 3, 2021 to March 8, 2021
Listing Date March 17, 2021
Face Value ₹10 per share
Price ₹81 per share
Lot Size 1600 Shares
Total Issue Size3,705,600 shares
(aggregating up to ₹30.02 Cr)
Issue Type Fixed Price Issue FPO
Listing At BSE SME

Ashapuri Gold Ornament FPO Reservation

Ashapuri Gold Ornament FPO offers 3,705,600 shares. 1,852,800 (50.00%) to NII, 1,852,800 (50.00%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered--
Other Shares Offered1,852,800 (50.00%)
Retail Shares Offered1,852,800 (50.00%)
Total Shares Offered3,705,600 (100%)

Ashapuri Gold Ornament FPO Lot Size

Investors can bid for a minimum of 1600 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 1600 ₹129,600
Retail (Max) 1 1600 ₹129,600
Lot Size Calculator

Ashapuri Gold Ornament FPO Promoter Holding

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

Share Holding Pre Issue 73%
Share Holding Post Issue

About Ashapuri Gold Ornament Ltd

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 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 (Ashapuri Gold Ornament FPO Objectives)

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 Review (Avoid)

[Dilip Davda]  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 March 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)

Ashapuri Gold Ornament FPO Prospectus

Ashapuri Gold Ornament FPO Rating

Rating:Rated 3.1 stars
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Ashapuri Gold Ornament FPO Listing Details

Listing Date March 17, 2021
BSE Script Code 542579
NSE Symbol
Final Issue Price ₹81 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Ashapuri Gold Ornament Ltd Contact Details

Ashapuri Gold Ornament Ltd
109 to 112-A, Super Mall, Nr. LalBunglow,
C G Road, Ahmedabad – 380 009

Phone: 079-26462171

Ashapuri Gold Ornament FPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Ashapuri Gold Ornament FPO - Buy or Not

Ashapuri Gold Ornament FPO Recommendation Summary

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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 share. The minimum order quantity is 1600 Shares.

The FPO opens on March 3, 2021, and closes on March 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 March 3, 2021 and closes on March 8, 2021.

Ashapuri Gold Ornament FPO lot size is 1600 Shares, and the minimum amount required is ₹129,600.

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, Nuvama, 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 March 17, 2021.
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