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Ashok Masala Mart IPO is a fixed price issue of ₹2.01 crores. The issue is entirely a fresh issue of 0.20 crore shares of ₹2.01 crore.
Ashok Masala Mart IPO bidding started from Aug 7, 2017 and ended on Aug 11, 2017. The shares got listed on BSE SME on Aug 22, 2017.
Ashok Masala Mart IPO price is ₹10.00 per share . The lot size for an application is 10,000. The minimum amount of investment required by an individual investor (retail) is ₹1,00,000 (10000 shares). The minimum lot size investment for HNI is 3 lots (30,000 shares), amounting to ₹3,00,000.
Navigant Corporate Advisors Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Alacrity Securities Ltd..
Refer to Ashok Masala Mart IPO RHP for detailed Information.
| IPO Date | August 7, 2017 to August 11, 2017 |
| Listing Date | August 22, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹10 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 20,10,000 shares (aggregating up to ₹2.01 Cr) |
| Reserved for Market Maker | 1,10,000 shares Alacrity Securities Ltd. (aggregating up to ₹0.1100 Cr) |
| Net Offered to Public | 19,00,000 shares (aggregating up to ₹1.90 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 31,50,000 shares |
| Share Holding Post Issue | 51,60,000 shares |
Ashok Masala IPO offers total 20,10,000 shares. Out of which 9,50,000 (47.26%) allocated to NII, 9,50,000 (47.26%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,10,000 (5.47%) |
| NII (HNI) Shares Offered | 9,50,000 (47.26%) |
| Retail Shares Offered | 9,50,000 (47.26%) |
| Total Shares Offered | 20,10,000 (100.00%) |
Ashok Masala Mart IPO opens on August 7, 2017, and closes on August 11, 2017.
| IPO Open Date | Mon, Aug 7, 2017 |
| IPO Close Date | Fri, Aug 11, 2017 |
| Tentative Listing Date | Tue, Aug 22, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Aug 11, 2017 |
Investors can bid for a minimum of 10,000 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 | 10,000 | ₹1,00,000 |
| Retail (Max) | 2 | 20,000 | ₹2,00,000 |
| HNI (Min) | 3 | 30,000 | ₹3,00,000 |
Incorporated in 2014, Ashok Masala Mart Ltd is engaged in the manufacturing, exporting and supplying of Blended Spices, Whole spices and Grinded spices.
They sell their products under the two brand names "APPU MASALA" & "GAYATRI MASALA". They produce more than 30 types of Spices and Masalas like Pav Bhaji Masala, Chaat Masala, Tea Masala, Garam Masala, Sambhar Masala, Punjabi Chole Masala, Biryani/Pulav Masala, Kitchen King Masala and various Powders like Red Chilli Powder, Jeera Powder, White Pepper Powder, Turmeric Powder. They have in-house facility to execute all types of manufacturing activities such as cleaning, drying, grading, grinding, packaging, etc.
The Company Ashok Masala Mart 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 | To part-finance the purchase of new corporate office and its interior expenses | 0.40 |
| 2 | To part-finance incremental working capital requirements | 0.80 |
| 3 | General Corporate Purpose | 0.50 |
[Dilip Davda] Risk savvy cash surplus investors may consider long term investment in this at par issue. Read detail review...
| Listing Date | August 22, 2017 |
| BSE Script Code | 540681 |
| NSE Symbol | |
| ISIN | INE344X01016 |
| Final Issue Price | ₹10 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹9.50 |
| Low | ₹9.50 |
| High | ₹9.50 |
| Last Trade | ₹9.50 |
Ashok Masala Mart Ltd.
184/188 Mandvi Chamber Hazrat,
Abbas Road Samuel street,
Khoja Gully, Chinchbunder
Mumbai, Maharashtra, 400009
Phone: +91-22-2344 687
Email: ashokmasalamart@gmail.com
Website: http://www.ashokmasalamart.com
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einward@karvy.com
Website: https://ipostatus.kfintech.com/
Ashok Masala Mart IPO is a SME IPO of 20,10,000 equity shares of the face value of ₹10 aggregating up to ₹2.01 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000.
The IPO opens on August 7, 2017, and closes on August 11, 2017.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Ashok Masala Mart IPO using UPI as a payment gateway. Zerodha customers can apply in Ashok Masala Mart IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ashok Masala Mart IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ashok Masala Mart IPO opens on August 7, 2017 and closes on August 11, 2017.
Ashok Masala Mart IPO lot size is 10000, and the minimum amount required for application is ₹1,00,000.
You can apply in Ashok Masala Mart 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 Ashok Masala Mart IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Ashok Masala Mart IPO allotment status.
The Ashok Masala Mart IPO listing date is on Tuesday, August 22, 2017.
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