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Incorporated in 2014, Ashok Masala Mart Ltd is engaged in the manufacturing, exporting and supplying of Blended Spices, Whole spices and Grinded spices.
They sell their products under the two brand names "APPU MASALA" & "GAYATRI MASALA". They produce more than 30 types of Spices and Masalas like Pav Bhaji Masala, Chaat Masala, Tea Masala, Garam Masala, Sambhar Masala, Punjabi Chole Masala, Biryani/Pulav Masala, Kitchen King Masala and various Powders like Red Chilli Powder, Jeera Powder, White Pepper Powder, Turmeric Powder. They have in-house facility to execute all types of manufacturing activities such as cleaning, drying, grading, grinding, packaging, etc.
The Promoters of the company are:
1. Ashok Shivji Chothani
2. Neeraj Ashok Chothani
3. Sunil Shivji Chothani
The objects to the Issue are:
1. To Purchase the new corporate office and its interior expenses;
2. To part-finance incremental working capital requirements;
3. To meet the general corporate expenses;
4. To meet the expenses of the Issue.
| IPO Opening Date | Aug 7, 2017 |
| IPO Closing Date | Aug 11, 2017 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹10 per equity share |
| Market Lot | 10000 Shares |
| Min Order Quantity | 10000 Shares |
| Listing At | BSE SME |
| Issue Size | 2,010,000 Eq Shares of ₹10 (aggregating up to ₹2.01 Cr) |
The Ashok Masala IPO market lot size is 10000 shares. A retail-individual investor can apply for up to 2 lots (20000 shares or ₹200,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 10000 | ₹100,000 |
| Maximum | 2 | 20000 | ₹200,000 |
The Ashok Masala IPO is subscribed times on Aug 11, 2017 17:00. The public issue subscribed in the retail category, in the QIB category, and in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | |
| RII | |
| Total |
| Listing Date | Tuesday, August 22, 2017 |
| BSE Script Code | 540681 |
| NSE Symbol | |
| Listing In | M Group of Securities |
| ISIN | INE344X01016 |
| IPO Price | ₹10 per equity share |
| Face Value | ₹10 per equity share |
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Ashok Masala Mart Ltd
184/188 Mandvi Chamber Hazrat,
Abbas Road Samuel street,
Khoja Gully, Chinchbunder, Mumbai - 400009,
Phone: +91-22-2344 687
Email: ashokmasalamart@gmail.com
Website: http://www.ashokmasalamart.com
KFintech Private Limited
Phone: 04067162222, 04079611000
Email: einward@karvy.com
Website: https://karisma.kfintech.com/
Ashok Masala IPO is a SME IPO of 2,010,000 equity shares of the face value of ₹10 aggregating up to ₹2.01 Crores. The issue is priced at ₹10 per equity share. The minimum order quantity is 10000 Shares.
The IPO opens on Aug 7, 2017, and closes on Aug 11, 2017.
KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Ashok Masala IPO opens on Aug 7, 2017 and closes on Aug 11, 2017.
Ashok Masala IPO lot size is 10000 Shares and the minimum order quantity is 10000 Shares.
You can apply in Ashok Masala 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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Ashok Masala IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Ashok Masala IPO allotment status.
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