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Ashapura Intimates Fashion IPO is a fixed price issue of ₹21.00 crores. The issue is entirely a fresh issue of 0.53 crore shares of ₹21.00 crore.
Ashapura Intimates Fashion IPO bidding started from Mar 28, 2013 and ended on Apr 4, 2013. The shares got listed on BSE SME on Apr 15, 2013.
Ashapura Intimates Fashion IPO price is ₹40.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,40,000.
KJMC Corporate Advisors (India) Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is NNM Securities Pvt.Ltd..
Refer to Ashapura Intimates Fashion IPO RHP for detailed Information.
| IPO Date | March 28, 2013 to April 4, 2013 |
| Listing Date | April 15, 2013 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 52,50,000 shares (aggregating up to ₹21.00 Cr) |
| Reserved for Market Maker | 2,64,000 shares NNM Securities Pvt.Ltd. (aggregating up to ₹1.06 Cr) |
| Net Offered to Public | 49,86,000 shares (aggregating up to ₹19.94 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 5,30,862 shares |
| Share Holding Post Issue | 5,30,862 shares |
Ashapura Intimates Fashion IPO offers total 52,50,000 shares. Out of which 24,93,000 (47.49%) allocated to NII, 24,93,000 (47.49%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,64,000 (5.03%) |
| NII (HNI) Shares Offered | 24,93,000 (47.49%) |
| Retail Shares Offered | 24,93,000 (47.49%) |
| Total Shares Offered | 52,50,000 (100.00%) |
Ashapura Intimates Fashion IPO opens on March 28, 2013, and closes on April 4, 2013.
| IPO Open Date | Thu, Mar 28, 2013 |
| IPO Close Date | Thu, Apr 4, 2013 |
| Tentative Listing Date | Mon, Apr 15, 2013 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Apr 4, 2013 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,20,000 |
| Retail (Max) | 1 | 3,000 | ₹1,20,000 |
| HNI (Min) | 2 | 6,000 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2006, Ashapura Intimates Fashion Ltd is engaged in the business of designing, branding, marketing and retailing intimate garments such as loungewear, bridal night wear, honeymoon sets, bathrobes and night wear.
Ashapura Intimates sell their products such as loungewear, bridal night wear, honeymoon sets and bathrobes under the brands “Valentine” and “N-Line”. Also night wear, maternity feeding night wear and bridal night wear (two pieces) are marketed under the brand “Night & Day” and sportswear, women’s innerwear and lingerie’s under the brands “Valentine Sportswear”, “Valentine Secret Skin” & “Valentine Pink”. Company has in house design studio for developing products and creating styles to remain updated on consumer tastes and fashion trends.
The Company Ashapura Intimates Fashion IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Set up 10 (ten) EBOs; | 3.00 |
| 2 | Incur expenses on branding and marketing set-up | 3.00 |
| 3 | Investment in the equity shares of Group Company | 1.50 |
| 4 | To fund modernization of machineries | 3.00 |
| 5 | To meet incremental working capital requirements | 7.50 |
| 6 | For general corporate purposes; and | 1.25 |
| 7 | To meet Issue expenses | 1.75 |
[Dilip Davda] <p><span style="COLOR: red"><span style="mso-spacerun: yes;"><span style="color: #000000;">On merchant banker's mandate front, perhaps this is the first mandate and there is no past track record. Due to entry barrier and higher pricing, better to <strong>skip</strong>.</span></span></span></p> Read detail review...
| Listing Date | April 15, 2013 |
| BSE Script Code | 535467 |
| NSE Symbol | AIFL |
| ISIN | INE428O01016 |
| Final Issue Price | ₹40 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹48.05 |
| Low | ₹47.00 |
| High | ₹50.45 |
| Last Trade | ₹49.95 |
Ashapura Intimates Fashion Ltd.
Unit No. 3-4, Pacific Plaza,
Off Bhawani Shankar Road,
Mahim Division, Dadar (West), Mumbai
Mahim, Maharashtra, 400028
Phone: +91 22 2433 1552/3
Email: ipo@valentineloungeweargroup.com
Website: http://www.valentineloungeweargroup.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: aifl.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Ashapura Intimates Fashion IPO is a SME IPO of 52,50,000 equity shares of the face value of ₹10 aggregating up to ₹21.00 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on March 28, 2013, and closes on April 4, 2013.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Ashapura Intimates Fashion IPO using UPI as a payment gateway. Zerodha customers can apply in Ashapura Intimates Fashion IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ashapura Intimates Fashion IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ashapura Intimates Fashion IPO opens on March 28, 2013 and closes on April 4, 2013.
Ashapura Intimates Fashion IPO lot size is 3000, and the minimum amount required for application is ₹1,20,000.
You can apply in Ashapura Intimates Fashion IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Ashapura Intimates Fashion IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Ashapura Intimates Fashion IPO allotment status.
The Ashapura Intimates Fashion IPO listing date is on Monday, April 15, 2013.
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