Fixed Price IPO | ₹29 Cr | Listed at BSE SME | Wed, Mar 13, 2019 - Mon, Mar 18, 2019
Ashapuri Gold Ornament IPO is a fixed price issue of ₹29.33 crores. The issue is entirely a fresh issue of 0.58 crore shares of ₹29.33 crore.
Ashapuri Gold Ornament IPO bidding started from Mar 13, 2019 and ended on Mar 18, 2019. The allotment for Ashapuri Gold Ornament IPO was finalized on Mar 22, 2019. The shares got listed on BSE SME on Mar 27, 2019.
Ashapuri Gold Ornament IPO price is ₹51 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,02,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,04,000.
Fedex Securities Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is NNM Securities Pvt.Ltd..
Refer to Ashapuri Gold Ornament IPO RHP for detailed Information.
IPO Open
Wed, Mar 13, 2019
IPO Close
Mon, Mar 18, 2019
Issue Price
₹51 per share
Market Cap (Pre-IPO)
₹108.59 Cr
| IPO Date | 13 to 18 Mar, 2019 |
| Listed on | Wed, Mar 27, 2019 |
| Face Value | ₹10 per share |
| Issue Price | ₹51 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 57,50,000 shares (agg. up to ₹29 Cr) |
| Reserved for Market Maker | 2,98,000 shares NNM Securities Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 54,52,000 shares (agg. up to ₹28 Cr) |
| Net Offered to Public | 54,52,000 shares (agg. up to ₹28 Cr) |
| Share Holding Pre Issue | 1,55,43,000 shares |
| Share Holding Post Issue | 2,12,93,000 shares |
| BSE Script Code | 542579 |
| ISIN | INE05FR01011 |
Ashapuri Gold Ornament IPO comprises a total issue size of 57,50,000 shares. The net offer to the public is 54,52,000 shares, after excluding 2,98,000 shares allotted on a firm basis. Of the Net offer 27,26,000 (50.00%) allocated to NII 27,26,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 27,26,000 | 50.00% | 47.41% |
| Retail Shares Offered | 27,26,000 | 50.00% | 47.41% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,98,000 | 5.18% | |
| Total Shares Offered | 57,50,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,02,000 |
| Retail (Max) | 1 | 2,000 | ₹1,02,000 |
| HNI (Min) | 2 | 4,000 | ₹2,04,000 |
Incorporated in 2008, Ashapuri Gold Ornament Limited is engaged in the business of wholesale trading of gold jewellery. Company's products portfolio includes Ring, Nose Ring, Bangles, Earring, Anklets, Necklace, Pendant etc. They sell antique, traditional, bridal contemporary and combination designs which cater diversified customer segments.
The company is having a showroom of 2945 sq. feet in Ahmedabad. The company only sell Hallmark certified jewellery and those are manufactured on Job work basis at Ahmedabad and Rajkot.
Ashapuri has also entered into a partnership with Blue-Onxy Lifestyle which carrying business of Branded Readymade Garments. They also have the plan to open multiple chains of showrooms of Readymade Garments over a period of time in various cities across Gujarat.
It currently employs 9 employees on its payroll.
The competitive strengths of the company are:
• More than 10-years of experience
• Showrooms at prime locations in Ahmedabad
• A wide range of products
• Unique and antique designs
| 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 | Establishment of jewellery manufacturing unit | 1.50 |
| 2 | Investment in partnership firm | 1.80 |
| 3 | Meeting working capital requirements | 18.00 |
| 4 | General corporate purposes | 7.25 |
The Ashapuri Gold IPO is subscribed 1.16 times on March 18, 2019 6:50:02 PM (Day 4). The public issue subscribed 0.25 times in the retail category, [.] times in the QIB category, and 2.07 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.07 | 27,26,000 | 56,48,000 |
| Retail | 0.25 | 27,26,000 | 6,94,000 |
| Total | 1.16 | 54,52,000 | 63,42,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees including Underwriting Commission | 0.30 |
| 2 | Brokerage, selling commission and upload fees | 0.02 |
| 3 | Registrar to the Issue | 0.01 |
| 4 | Legal Advisors | 0.03 |
| 5 | Advertising and marketing expenses | 0.01 |
| 6 | Regulators including stock exchanges | 0.05 |
| 7 | Printing and distribution of issue stationary | 0.01 |
| 8 | Others (Market Making fees etc.) | 0.36 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹51.00 |
| Open | ₹50.00 |
| Low | ₹48.00 |
| High | ₹52.45 |
| Last Trade | ₹51.00 |
Lead Manager Reports
Ashapuri Gold Ornament IPO is a SME IPO of 57,50,000 equity shares of the face value of ₹10 aggregating up to ₹29 Crores. The issue is priced at ₹51 per share. The minimum order quantity is 2000.
The IPO opens on Wed, Mar 13, 2019, and closes on Mon, Mar 18, 2019.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Ashapuri Gold Ornament IPO using UPI as a payment gateway. Zerodha customers can apply in Ashapuri Gold Ornament IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ashapuri Gold Ornament IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ashapuri Gold Ornament IPO opens on Wed, Mar 13, 2019 and closes on Mon, Mar 18, 2019.
Ashapuri Gold Ornament IPO lot size is 2000, and the minimum amount required for application is ₹1,02,000.
You can apply in Ashapuri Gold Ornament 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 Ashapuri Gold Ornament IPO will be done on Friday, March 22, 2019, and the allotted shares will be credited to your demat account by Tue, Mar 26, 2019. Check the Ashapuri Gold Ornament IPO allotment status.
The Ashapuri Gold Ornament IPO listing date is on Wed, Mar 27, 2019.
