Wednesday, March 13, 2019

Ashapuri Gold Ornament IPO Dates, Review, Price Band, IPO Allotment & Market Lot

Ashapuri Gold Ornament is incorporated 2008 based in Ahmedabad, Gujarat. The company is a wholesaler and trader of gold jewellery. The product range includes ring, nose ring, bangles, earrings, anklets, pendants, necklaces and more. They have showroom of 2945 sq. feet on C.G. Road in Ahmedabad. They work with third parties from Ahmedabad and Gandhinagar for their jewellery designs. The company deals in jewellery certified by hallmark. They have partner with Readymade Garment business in 2018-19. The readymade garment showrooms located in Ahmedabad, Surendranagar, Godhara, Mehsana. Ashapuri Gold Ornament ipo is starting from 13-March and ends on 18-March. The price band is around Rs.51 with 2000 market lot. The ipo size is around 29.32 crore rupees.

IPO Review:
  • Avoid
Ashapuri Gold Ornament IPO Dates & Price Band:
  • IPO Open: 13-March-2019
  • IPO Close: 18-March-2019
  • IPO Size: Approx Rs 29.32 Crore
  • Face Value: Rs.10 Per Equity Share
  • Price Band: Rs.51 Per Equity Share
  • Listing on: BSE SME
  • Shares: 5,750,000
  • Retail Portion: 50%
IPO Market Lot:
  • Shares: Apply for 2,000 Shares (Minimum Lot Size)
  • Amount: Rs.1,02,000
IPO Allotment & Listing:
  • Basis of Allotment: 22-March-2019
  • Refunds: 25-March-2019
  • Credit to demat accounts: 26-March-2019
  • Listing: 28-March-2019
Financial Results:
  Rs. in Crore
Revenue Expenses PAT
2015 - - -
2016 55.63 55.54 0.06
2017 37.29 37.24 0.04
2018 46.93 46.82 0.07
2019 (8M) 49.51 49.10 0.32

Ashapuri Gold Ornament IPO Important Links:

Ashapuri Gold Ornament IPO Allotment Status:
Company Promoters:
  • Mr Saremal Soni
  • Mr Dinesh Soni
  • Mr Jitendra Soni
Quick Links:
Draft Red Herring Prospectus
Red Herring Prospectus

IPO Registrar:
Bigshare Services Private Limited
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072
Phone: +91 22 4043 0200
Fax: +91 22 2847 5201

IPO Lead Managers:
  • Fedex Securities Limited
Company Address:
Ashapuri Gold Ornament Limited
109 to 112A, 1st Floor Supermall
Nr. Lal Bunglow, C.G.Road
Ahmedabad- 380009
Phone: +91 079 26462171