Ashapuri Gold Ornament Ltd IPO Detail
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.IPO Details
| IPO Opening Date | Mar 03, 2021 |
| IPO Closing Date | Mar 08, 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 Size | ₹30.02 Cr |
| Fresh Issue | - |
| Offer for Sale | - |
| Retail Portion | - |
IPO Tentative Timetable
The Ashapuri Gold Ornament Ltd IPO open date is Mar 03, 2021, and the close date is Mar 08, 2021. The issue may list on Mar 17, 2021.
| IPO Open Date | Mar 03, 2021 |
| IPO Close Date | Mar 08, 2021 |
| Basis of Allotment Date | TBA |
| Initiation of Refunds | TBA |
| Credit of Shares to Demat Account | TBA |
| IPO Listing Date | Mar 17, 2021 |
IPO Lot Size
The Ashapuri Gold Ornament Ltd IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹129600).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹129600 |
| Maximum | 1 | 1600 | ₹129600 |
IPO Promoter Holding
| Pre Issue Share Holding | 73% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Crs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 30-Sep-20 | 5,105.64 | 2,231.16 | 244.22 |
| 31-Mar-20 | 4,852.10 | 12,065.90 | 47.36 |
| 31-Mar-19 | 4,662.74 | 8,820.22 | 38.16 |
| 31-Mar-18 | 1,454.00 | 4,692.92 | 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.
