Ashapuri Gold Ornament Limited IPO

Ashapuri Gold IPO
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Ashapuri Gold Ornament Limited is involved in the business of trading heavily in gold jewelry. The Company’s product portfolio includes Ring, Ring, Bangles, Earring, Anklets, Necklace, Pendant etc. It sells antique, traditional, modern and wedding designs that incorporate various customer components.

The company has a showroom of 2945 sq. M. Ahmedabad. The company only sells certified jewelry in Hallmark and those are made by Job’s work in Ahmedabad and Rajkot.

Ashapuri has also entered into a partnership with Blue-Onxy Lifestyle which owns the Branded Readymade Garments business. They also plan to open more chain showroom chains for Readymade clothing for some time in various cities across Gujarat.

Ashapuri Gold Ornament Ltd. It has been regarded as one of the leading manufacturers and sellers of gold jewelry. For 20 years this remarkable voyage has helped jewelers from major cities to many parts of the city and the unparalleled quality of jewelry that is its promise.

Their production technology, large collection of designs, and high level of craftsmanship made it possible for them to become a league of jewelry suppliers. We are committed to providing the best shopping experience for all jewelers in india and abroad.

Their beautiful collection is still distributed in Indian markets. They welcome Indian and international jewelry to be part of India’s largest jewelry hub.

It currently employs 9 employees on its payroll.

Competitive Strengths

  • More than 10 years of experience
  • Rooms Showrooms are the main venues in Ahmedabad
  • A variety of products
  • Unique and ancient designs

Company Promoters

The Individual Promoters of the Company are:

1. Mr. Saremal Soni
2. Mr. Dinesh Soni
3. Mr.Jitendra Soni

Company Financials

ParticularsFor the year/period ended (in Rs. Lakhs)
30-Nov-1831-Mar-1831-Mar-1731-Mar-16
Total Assets1,609.521,454.001,557.901,684.27
Total Revenue4,951.274,692.923,729.425,562.73
Profit After Tax31.857.303.976.40

Object Of The Issue

The objectives of the problem are:

  1. Establishment of a jewelery production unit;
  2. Investment in a partnership;
  3. To meet operating requirements; and
  4. Common objectives of cooperation.
Ashapuri Gold IPO
Object Of The Issue

Ashapuri Gold IPO Details

IPO Opening DateMar 13, 2019
IPO Closing DateMar 18, 2019
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹51 per equity share
Market Lot2000 Shares
Min Order Quantity2000 Shares
Listing AtBSE SME
Issue Size5,750,000 Eq Shares of ₹10
(aggregating up to ₹29.33 Cr)

Ashapuri Gold IPO – Schedule

IPO Open DateMar 13, 2019
IPO Close DateMar 18, 2019
Basis of Allotment DateMar 22, 2019
Initiation of RefundsMar 25, 2019
Credit of Shares to Demat AccountMar 26, 2019
IPO Listing DateMar 27, 2019

Ashapuri Gold IPO Lot Size

ApplicationLotsSharesAmount (Cut-off)
Minimum12000₹102,000
Maximum12000₹102,000

Ashapuri Gold IPO: How To Apply

Promoters play a very important role in raising much-needed business revenue.

Ashapuri Gold IPO
How To Apply IPO

Apply For Ashapuri Gold IPO Through ASBA

First, you should know what ASBA is. ASBA stands for Restricted Application Support. It is an application by the bank to apply for an IPO.

You apply with ASBA through the bank because initially, the bank covers the cost of purchasing the IPO. This amount is deducted from your account only after receiving IPO share shares in your Demat account.

All the major banks in the country are expanding the ASBA center. There are about 30 banks on the list, some of which are IDBI Bank Limited, Citi Bank, Punjab National Bank, etc.

The center may be expanded once they have been authorized to do so. These banks block the corresponding amount until the IPO allocation process is finalized.

Now, most of you are probably thinking about how to use the Ashapuri Gold IPO with ASBA. The process can be completed online or offline for your convenience.

Apart from this, you can also bid for an Ashapuri Gold IPO through your stockbroker’s online portal (such as Zerodha, Edelweiss, Motilal Oswal, etc.)

Company Contact Information

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

Phone: 079-26462171
Email: info@ashapurigold.com
Websitehttp://www.ashapurigold.com

What is SME IPO?

Ashapuri Gold IPO
What Is SME IPO?

Companies with minimum post-issue capital of Rs 1 crore and maximum Rs 25 crores are eligible for SME IPO. BSE SME and NSE Emerge platform allows Small and medium enterprises (SME) to raise funds and get listed at the exchange through an SME IPO.

BasisSME IPO
Post-issue paid up capitalMinimum post issue capital of Rs 1 crore and maximum Rs 25 crore
Minimum Allotees in IPOMinimum number of allotees should be 50
IPO UnderwritingMandatory (100% underwritten with Merchant Banker underwriting 15%)
Track RecordRelaxed norms
Offer Document VettingBy Stock Exchange
IPO Application SizeRs 1,00,000
IPO Timeframe3 to 4 months
Reporting RequirementHalf yearly