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Ashapuri Gold Ornament Ltd Rights Issue (Ashapuri Gold Ornament Rights Issue 2024) Detail

May 8, 2024 - May 27, 2024
Ashapuri Gold Ornament Ltd Logo

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.

Ashapuri Gold Ornament Rights Issue 2024 Detail

Issue Open May 8, 2024 - May 27, 2024
Security Name Ashapuri Gold Ornament Ltd
Issue Size (Shares) 83,328,666
Issue Size (Amount) ₹48.75 Crores
Issue Price ₹5.85 per share
Face Value ₹1 per share
Listing At BSE
Terms of Payment

Full Amount for Rights Equity Shares shall be payable by the eligible shareholders at the time of making an application.

Entitlement 1 Rights Equity Share(s) for every 3 fully paid-up Equity Shares held on Record Date

Ashapuri Gold Ornament Rights Issue 2024 Issue Timetable

Last Date to buy sharesApril 16, 2024
Record Date April 18, 2024
Credit of Rights Entitlements
Bid/Offer Opens On May 8, 2024
Renunciation of Rights Entitlements May 21, 2024
Bid/Offer Closes On May 27, 2024
Deemed Date of Allotment
Credit Date
Listing Date

Company Financials

Ashapuri Gold Ornament Ltd Financial Information (Restated)

Period Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets90.7187.4280.28
Revenue154.14163.96117.64
Profit After Tax0.471.793.072.55
Net Worth82.5380.7477.68
Total Borrowing6.894.330.04
Amount in ₹ Crore

Objects of the Issue:

The company proposes to utilize the Net Proceeds to:

  1. Meeting the working capital requirements of the Company; and
  2. General Corporate Purposes

Ashapuri Gold Ornament Rights Issue 2024 Documents

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Company Contact Information

Ashapuri Gold Ornament Ltd
109 to 112A, 1st Floor Supermall
Nr. Lal Bunglow
C.G. Road, Ahmedabad - 380009

Phone: 079-26462170
Email: account@ashapurigold.com
Website: http://www.ashapurigold.com/

Ashapuri Gold Ornament Rights Issue 2024 Registrar

  1. Bigshare Services Pvt Ltd
    Phone: +91-22-6263 8200
    Email: investor@bigshareonline.com
    Website: https://ipo.bigshareonline.com/ipo_status.html

Ashapuri Gold Ornament Rights Issue 2024 Lead Manager(s)

Ashapuri Gold Ornament Rights Issue 2024 FAQs

The Ashapuri Gold Ornament Rights Issue 2024 opens on May 8, 2024, and closes on May 27, 2024.

Ashapuri Gold Ornament Rights Issue 2024 Schedule

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights EntitlementsMay 21, 2024
Issue Opening DateMay 8, 2024
Issue Closing DateMay 27, 2024
Date of Allotment (on or about)
Date of Credit (on or about)
Date of Listing (on or about)

Ashapuri Gold Ornament Rights Issue 2024 price is set at ₹5.85 per share per equity share.

The eligible shareholders are being offered 1 Rights Equity Share(s) for every 3 fully paid-up Equity Shares held on Record Date (April 18, 2024).

The record date for the Ashapuri Gold Ornament Rights Issue 2024 is April 18, 2024.

The issue size of Ashapuri Gold Ornament Rights Issue 2024 is of 83,328,666 equity shares at ₹5.85 per share aggregating upto ₹48.75 Crores.

The Letter of Offer for Ashapuri Gold Ornament Rights Issue 2024 can be download here.

You can apply for Ashapuri Gold Ornament Rights Issue 2024 in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Ashapuri Gold Ornament Rights Issue 2024 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Ashapuri Gold Ornament Rights Issue 2024 available on the list.
  4. Click the Apply button next to the Ashapuri Gold Ornament Rights Issue 2024.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for Ashapuri Gold Ornament Rights Issue 2024 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Ashapuri Gold Ornament Rights Issue 2024 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

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