Fixed Price FPO | ₹30 Cr | Listed at BSE SME | Wed, Mar 3, 2021 - Mon, Mar 8, 2021
Ashapuri Gold Ornament FPO is a fixed price issue of ₹30.02 crores. The issue is entirely a fresh issue of 0.37 crore shares of ₹30.02 crore.
Ashapuri Gold Ornament FPO bidding started from Mar 3, 2021 and ended on Mar 8, 2021. The shares got listed on BSE SME on Mar 17, 2021.
Ashapuri Gold Ornament FPO price is ₹81 per share. The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,29,600 (1600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (3,200 shares), amounting to ₹2,59,200.
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 FPO RHP for detailed Information.
FPO Open
Wed, Mar 3, 2021
FPO Close
Mon, Mar 8, 2021
Issue Price
₹81 per share
Market Cap (Pre-IPO)
₹172.47 Cr
| IPO Date | 3 to 8 Mar, 2021 |
| Listed on | Wed, Mar 17, 2021 |
| Face Value | ₹10 per share |
| Issue Price | ₹81 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price FPO |
| Listing At | BSE SME |
| Total Issue Size | 37,05,600 shares (agg. up to ₹30 Cr) |
| Reserved for Market Maker | 1,85,600 shares NNM Securities Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 35,20,000 shares (agg. up to ₹29 Cr) |
| Net Offered to Public | 35,20,000 shares (agg. up to ₹29 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 FPO comprises a total issue size of 37,05,600 shares. The net offer to the public is 35,20,000 shares, after excluding 1,85,600 shares allotted on a firm basis. Of the Net offer 17,60,000 (50.00%) allocated to NII 17,60,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 17,60,000 | 50.00% | 47.50% |
| Retail Shares Offered | 17,60,000 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,85,600 | 5.01% | |
| Total Shares Offered | 37,05,600 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,29,600 |
| Retail (Max) | 1 | 1,600 | ₹1,29,600 |
| HNI (Min) | 2 | 3,200 | ₹2,59,200 |
Incorporated in 2008, Ashapuri Gold Ornament Limited is primarily engaged in the wholesale jewellery trading business. The company designs, manufactures, and sell a wide range of gold, studded jewellery, and other jewellery products i.e. wedding jewellery, festive jewellery, rings, chains, earrings, ear chain, nose pins, waist belts, mangalsutra, anklet, Pendant set, bangles, etc.
All the jewellery manufacturing job work is carried in its own manufacturing unit at Ahmedabad and Rajkot. It has 2945 sq. ft. of the showroom and 2194 sq. ft of the manufacturing facility in Ahmedabad. The firm has a sales team across different cities i.e. Delhi, Punjab, Rajasthan, UP, Chennai, Kolkata, Bangalore to serve customers all over the country.
Competitive strengths
| Period Ended |
|---|
| Amount in ₹ Crore |
The Ashapuri Gold Ornament FPO is subscribed 1.17 times on March 8, 2021 7:49:00 AM (Day 4). The public issue subscribed 0.28 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 | 18,52,800 | 38,27,200 |
| Retail | 0.28 | 18,52,800 | 5,26,400 |
| Total | 1.17 | 37,05,600 | 43,53,600 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹81.00 |
| Open | ₹75.00 |
| Low | ₹70.00 |
| High | ₹81.00 |
| Last Trade | ₹70.05 |
Lead Manager Reports
Ashapuri Gold Ornament FPO is a SME FPO of 37,05,600 equity shares of the face value of ₹10 aggregating up to ₹30 Crores. The issue is priced at ₹81 per share. The minimum order quantity is 1600.
The FPO opens on Wed, Mar 3, 2021, and closes on Mon, Mar 8, 2021.
Bigshare Services Pvt.Ltd. is the registrar for the FPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Ashapuri Gold Ornament FPO using UPI as a payment gateway. Zerodha customers can apply in Ashapuri Gold Ornament FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ashapuri Gold Ornament FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ashapuri Gold Ornament FPO opens on Wed, Mar 3, 2021 and closes on Mon, Mar 8, 2021.
Ashapuri Gold Ornament FPO lot size is 1600, and the minimum amount required for application is ₹1,29,600.
You can apply in Ashapuri Gold Ornament FPO 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 FPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Ashapuri Gold Ornament FPO allotment status.
The Ashapuri Gold Ornament FPO listing date is on Wed, Mar 17, 2021.
