₹48.75 Crores | Listing at BSE | Wed, May 8, 2024 - Mon, May 27, 2024
Ashapuri Gold Ornament Ltd Rights Issue comprises 8.33 Cr equity shares aggregating to ₹48.75 Cr, offered at an issue price of ₹5.85 per share with a face value of ₹1 per share.
The record date for determining eligible shareholder is Apr 18, 2024, with the Rights Issue being offered in the entitlement ratio of 1 : 3.
The term of payment is defined as following : Full Amount for Rights Equity Shares shall be payable by the eligible shareholders at the time of making an application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Jun 4, 2024.
The Rights Issue opens on May 8, 2024, and closes on May 27, 2024, with renunciation of Rights Entitlements permitted up to May 21, 2024.
The deemed date of allotment is Jun 4, 2024, following which the equity shares are expected to be credited to demat accounts on Jun 5, 2024 and listed at the BSE on Jun 10, 2024.
Bigshare Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Ashapuri Gold Ornament Ltd Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Thu, Apr 18, 2024
Entitlement Ratio
1 : 3
Open Date
Wed, May 8, 2024
Close Date
Mon, May 27, 2024
Full Amount for Rights Equity Shares shall be payable by the eligible shareholders at the time of making an application.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 90.71 | 87.42 | 80.28 | |
| Revenue | 154.14 | 163.96 | 117.64 | |
| Profit After Tax | 7.43 | 1.79 | 3.07 | 2.55 |
| Net Worth | 89.96 | 82.53 | 80.74 | 77.68 |
| Total Borrowing | 1.76 | 6.89 | 4.33 | 0.04 |
| Amount in ₹ Crore | ||||
Incorporated in June 2008, Ashapuri Gold Ornament Limited is a manufacturer and seller of gold and antique jewellery in India. The company designs, manufactures, and sells a wide range of jewellery products, including gold and studded jewellery, at various price points. Our product portfolio includes wedding jewellery, festive jewellery, rings, chains, earrings, ear chains, nose rings/nose pins, waist belts, mangal sutras, anklets, judas, toe rings, pendant sets/pendants, bracelets, and bangles.
AGOL has a large inventory of designs, manufacturing expertise, and a high quality of service. The company has a physical presence in five cities: Ahmedabad, Delhi, Mumbai, Bangalore, and Chennai.
The company has appointed sales teams for different regions/cities such as Delhi, Rajasthan, Punjab, Uttar Pradesh, Kolkata, Chennai, Bangalore, etc. to expand their business further.
As of September 30, 2023, the Company has a total of 60 employees working for them.
AGOL designs its products internally or through third-party designers and manufactures its jewelry on a job-work basis in Ahmedabad and Rajkot. Additionally, the company has formed a partnership with Kiran Soni and Alka Jitendra Soni, who are partners of M/s. Blue-Onxy Lifestyle engages in the production and sale of branded readymade garments.
The company proposes to utilize the Net Proceeds to:
[Dilip Davda] The company came with maiden IPO in 2019 and then with FPO in 2021 and now is offering RI. It posted inconsistency in its top and bottom lines for the reported periods. Boosted earnings for pre-issue period i.e. FY24 raise eyebrows and concern over its sustainability as the company is in a highly competitive and fragmented segment. Well-informed investors may park funds for the medium term. Read detail review...
Ashapuri Gold Ornament Rights Issue 2024 got oversubscribed by 1.44 times by the end of the bidding period with total bid quantity received by BSE of 11,97,42,075 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
May 27 2024 17:00:00 | 11,97,42,075 | 1.44x |
Ashapuri Gold Ornament Ltd
109 to 112A, 1st Floor Supermall
Nr. Lal Bunglow
C.G. Road, Ahmedabad - 380009
Ahmedabad, Gujarat, 380009
The Ashapuri Gold Ornament Rights Issue 2024 opens on Wed, May 8, 2024, and closes on Mon, May 27, 2024.
Ashapuri Gold Ornament Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Fri, May 3, 2024 |
| Last Date for renunciation of Rights Entitlements | Tue, May 21, 2024 |
| Issue Opening Date | Wed, May 8, 2024 |
| Issue Closing Date | Mon, May 27, 2024 |
| Date of Allotment (on or about) | Tue, Jun 4, 2024 |
| Date of Credit (on or about) | Wed, Jun 5, 2024 |
| Date of Listing (on or about) | Mon, Jun 10, 2024 |
You can apply for Ashapuri Gold Ornament Rights Issue 2024 in two ways:
Steps to apply for Ashapuri Gold Ornament Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Ashapuri Gold Ornament Rights Issue 2024 using Registrar's website (R-WAP)
