Ashapuri Gold Ornament Limited, an Ahmedabad Based company engaged in wholesale trading of jewellery, is issuing the IPO (Initial Public Offering) to the public for subscription. The Ashapuri Gold IPO is being issued from 13th March 2019 to 18th March 2019 and it will be issued at a price of Rs 51 per equity share. The company targets to raise a capital of Rs 29.33 crore through this public issue. The allocated equity shares will be listed on BSE SME for further listing.
Company Details
Ashapuri Gold Ornament Limited was incorporated in the year 2008 in Ahmedabad, Gujarat. The primary business of the company is wholesale trading of the jewellery. It manufactures the jewelries on requirement basis in Ahmedabad and Rajkot. It has a showroom of size 2,945 square feet situated at C. G. Road, a prime location in Ahmedabad which is a newly developed main market for gold and diamond jewelries. The company manufactures the jeweller either by itself or get it done by the third party. It deals only in hallmarked jewelries and also deals in antique jewellery.
The company has recently ventured jointly with Mrs Kiran Soni and Mrs Alka Jitendra Soni and carrying on the business of branded readymade garments. The joint venture has the showrooms in Ahmedabad, Surendranagar, Mehsana and Godhra in Gujarat. As on 30th November 2018, the total assets of the company is Rs 1,609.52 lakhs and total revenue is Rs 4951.27 lakhs. The company has promoters Mr Sarmal Soni, Mr Dinesh Soni, and Mr Jitendra Soni.
The competitive strengths of the company are:-
- Promoters have experience of two decades in the jewellery business.
- Good reputation in the market.
- Most of the product designs are antique and unique.
- Showroom located at the prime location.
- Understanding of customer preferences.
Ashapuri Gold IPO – Issue Details
| Issue Type | Fixed Price Issue of IPO |
|---|---|
| Issue Start Date | 13th March 2019 |
| Issue End Date | 18th March 2019 |
| Face Value | Rs 10/- |
| Issue Price | Rs 51/- |
| Issue Size | 5,750,000 equity shares (Rs 29.33 crore) |
| Minimum Order | 2000 equity shares |
| Listing | BSE SME |
Ashapuri Gold IPO – Objects of the Issue
According to the company, the following are the objects of Ashapuri IPO Issue:-
- Establishment of a new jewellery manufacturing unit,
- Investment in the partnership firm,
- To meet the working capital requirements, and
- General corporate purpose.
Ashapuri Gold IPO – Company Contact Details
Address of the company:
109 to 112A, 1st Floor Supermall, Near Lal Bungalow, C.G. Road, Ahmedabad – 380009.
Telephone: +91-79-26462171
Website: www.ashapurigold.com
Ashapuri Gold IPO – Lead Manager to the Issue
The following is the lead manager to the Ashapuri Gold Ornament Limited:-
FEDX Securities Private Limited
Telephone: +91-8104985249
Ashapuri Gold IPO – Registrar to the Issue
The following is the Registrar to this upcoming IPO Issue in March 2019:-
Bigshare Services Private Limited
Telephone: +91-22-62638200
Ashapuri Gold IPO – Prospectus
Click here to read the final prospectus of this upcoming IPO Issue.
Ashapuri Gold IPO – Live Issue
Click here to see the live issue status of this IPO.
Disclaimer: This post is just information about the issue. It does not give any advice or recommendation. Investments into securities are subject to market risk. Please read the offer document carefully before investing. It is also advised to consult your financial advisor of necessary suggestions.
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Tags: #IPO #Stock Market #Ashapuri Gold IPO #investments #Upcoming IPO Issue 2019
