Fixed Price IPO | ₹21 Cr | Listed at BSE SME | Thu, Mar 28, 2013 - Thu, Apr 4, 2013
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Mar 28, 2013
IPO Close
Thu, Apr 4, 2013
Issue Price
₹40 per share
Market Cap (Pre-IPO)
₹2.12 Cr
| IPO Date | 28 Mar to 4 Apr, 2013 |
| Listed on | Mon, Apr 15, 2013 |
| Face Value | ₹10 per share |
| Issue Price | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 52,50,000 shares (agg. up to ₹21 Cr) |
| Reserved for Market Maker | 2,64,000 shares NNM Securities Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 49,86,000 shares (agg. up to ₹20 Cr) |
| Net Offered to Public | 49,86,000 shares (agg. up to ₹20 Cr) |
| Share Holding Pre Issue | 5,30,862 shares |
| Share Holding Post Issue | 5,30,862 shares |
| BSE Script Code | 535467 AIFL |
| ISIN | INE428O01016 |
Ashapura Intimates Fashion IPO comprises a total issue size of 52,50,000 shares. The net offer to the public is 49,86,000 shares, after excluding 2,64,000 shares allotted on a firm basis. Of the Net offer 24,93,000 (50.00%) allocated to NII 24,93,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 24,93,000 | 50.00% | 47.49% |
| Retail Shares Offered | 24,93,000 | 50.00% | 47.49% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,64,000 | 5.03% | |
| Total Shares Offered | 52,50,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
| KPI | |
|---|---|
| RoNW | 31.09% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 92.72% | 67.72% |
| Market Cap | ₹2.12 Cr. |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees for Lead Manager and Legal Advisor | 0.62 |
| 2 | Fees for Registrar, Advisor, Depository charges and Bankers to the Issue | 0.23 |
| 3 | Advertisement and publicity expenses | 0.10 |
| 4 | Printing and distribution expenses | 0.05 |
| 5 | Fees for Market Making, Underwriting and Selling Commission expenses | 0.66 |
| 6 | Listing fees and other related expenses | 0.01 |
| 7 | Miscellaneous expenses | 0.08 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹48.05 |
| Low | ₹47.00 |
| High | ₹50.45 |
| Last Trade | ₹49.95 |
Lead Manager Reports
Ashapura Intimates Fashion IPO is a SME IPO of 52,50,000 equity shares of the face value of ₹10 aggregating up to ₹21 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on Thu, Mar 28, 2013, and closes on Thu, Apr 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 Thu, Mar 28, 2013 and closes on Thu, Apr 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 Mon, Apr 15, 2013.
