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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 ₹81.00 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). The minimum lot size investment for 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.
| IPO Date | March 3, 2021 to March 8, 2021 |
| Listing Date | March 17, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹81 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 37,05,600 shares (aggregating up to ₹30.02 Cr) |
| Reserved for Market Maker | 1,85,600 shares NNM Securities Pvt.Ltd. (aggregating up to ₹1.50 Cr) |
| Net Offered to Public | 35,20,000 shares (aggregating up to ₹28.51 Cr) |
| Issue Type | Fixed Price FPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,55,43,000 shares |
| Share Holding Post Issue | 2,12,93,000 shares |
Ashapuri Gold Ornament FPO offers total 37,05,600 shares. Out of which 17,60,000 (47.50%) allocated to NII, 17,60,000 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,85,600 (5.01%) |
| NII (HNI) Shares Offered | 17,60,000 (47.50%) |
| Retail Shares Offered | 17,60,000 (47.50%) |
| Total Shares Offered | 37,05,600 (100.00%) |
Ashapuri Gold Ornament FPO opens on March 3, 2021, and closes on March 8, 2021.
| IPO Open Date | Wed, Mar 3, 2021 |
| IPO Close Date | Mon, Mar 8, 2021 |
| Tentative Listing Date | Wed, Mar 17, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Mar 8, 2021 |
Investors can bid for a minimum of 1,600 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 | 1,600 | ₹1,29,600 |
| Retail (Max) | 1 | 1,600 | ₹1,29,600 |
| HNI (Min) | 2 | 3,200 | ₹2,59,200 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
| Particulars | For the year/period ended (₹ in lakhs) | ||||
|---|---|---|---|---|---|
| 30-Sep-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 5,105.64 | 4,852.10 | 4,662.74 | 1,454.00 | |
| Total Revenue | 2,231.16 | 12,065.90 | 8,820.22 | 4,692.92 | |
| Profit After Tax | 244.22 | 47.36 | 38.16 | 7.30 | |
The net proceed from the FPO will be used towards following purposes;
[Dilip Davda] It appears that to pave the way for this greedily priced FPO, some operations are done in the market by vested interests. If we consider the previous two CYs, the price remained below the IPO price for the most part of the period. If we see the trading range for the month of February 2021, it has marked a high/low of Rs. 77.00 / Rs. 50.00. The last traded price of AGOL is Rs. 75.00 (as on March 02, 2021). Simply stay away from such a greedy offer. Read detail review...
| Listing Date | March 17, 2021 |
| BSE Script Code | 542579 |
| NSE Symbol | |
| ISIN | INE05FR01011 |
| Final Issue Price | ₹81 per share |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹81.00 |
| Open | ₹75.00 |
| Low | ₹70.00 |
| High | ₹81.00 |
| Last Trade | ₹70.05 |
Ashapuri Gold Ornament Ltd.
109 to 112-A,
Super Mall, Nr. LalBunglow,
C G Road,
Ahmedabad, Gujarat, 380009
Phone: 079-26462171
Email: account@ashapurigold.com
Website: https://www.ashapurigold.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Ashapuri Gold Ornament FPO is a SME FPO of 37,05,600 equity shares of the face value of ₹10 aggregating up to ₹30.02 Crores. The issue is priced at ₹81 per share. The minimum order quantity is 1600.
The FPO opens on March 3, 2021, and closes on March 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 March 3, 2021 and closes on March 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 Wednesday, March 17, 2021.
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