Fixed Price IPO | ₹2 Cr | Listed at BSE SME | Mon, Aug 7, 2017 - Fri, Aug 11, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Aug 7, 2017
IPO Close
Fri, Aug 11, 2017
Issue Price
₹10 per share
Market Cap (Pre-IPO)
₹5.16 Cr
| IPO Date | 7 to 11 Aug, 2017 |
| Listed on | Tue, Aug 22, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹10 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 20,10,000 shares (agg. up to ₹2 Cr) |
| Reserved for Market Maker | 1,10,000 shares Alacrity Securities Ltd. (agg. up to ₹0.1100 Cr) |
| Fresh Issue (Ex Market Maker) | 19,00,000 shares (agg. up to ₹2 Cr) |
| Net Offered to Public | 19,00,000 shares (agg. up to ₹2 Cr) |
| Share Holding Pre Issue | 31,50,000 shares |
| Share Holding Post Issue | 51,60,000 shares |
| BSE Script Code | 540681 |
| ISIN | INE344X01016 |
Ashok Masala Mart IPO comprises a total issue size of 20,10,000 shares. The net offer to the public is 19,00,000 shares, after excluding 1,10,000 shares allotted on a firm basis. Of the Net offer 9,50,000 (50.00%) allocated to NII 9,50,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 9,50,000 | 50.00% | 47.26% |
| Retail Shares Offered | 9,50,000 | 50.00% | 47.26% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,10,000 | 5.47% | |
| Total Shares Offered | 20,10,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 10,000 shares and in multiples thereof.
| 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.
| 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 | 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 |
The Ashok Masala IPO is subscribed [.] times on August 11, 2017 5:00:00 PM (Day 5). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | [.] | 10,05,000 | 13,80,000 |
| Retail | [.] | 10,05,000 | 2,05,60,000 |
| Total | [.] | 20,10,000 | 2,19,40,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees, Underwriting Fees selling commissions, brokerages, | 0.14 |
| 2 | Market Making Fees for three years | 0.06 |
| 3 | Payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 0.03 |
| 4 | Printing & Stationery, Distribution, Postage, etc. | 0.02 |
| 5 | Advertisement & Marketing Expenses | 0.02 |
| 6 | Regulatory & other expenses | 0.02 |
| 7 | Miscellaneous Expenses | 0.02 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹9.50 |
| Low | ₹9.50 |
| High | ₹9.50 |
| Last Trade | ₹9.50 |
Lead Manager Reports
Ashok Masala Mart IPO is a SME IPO of 20,10,000 equity shares of the face value of ₹10 aggregating up to ₹2 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000.
The IPO opens on Mon, Aug 7, 2017, and closes on Fri, Aug 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 Mon, Aug 7, 2017 and closes on Fri, Aug 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 Tue, Aug 22, 2017.
