Ashapuri Gold Ornament FPO will open for subscription from 03 March 2021. the company aims for an issue size of ₹30.02 Cr this Fixed Price issue FPO.
Also read: IPO List 2021: a complete list of IPOs in 2021
Ashapuri Gold Ornament Ltd
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.
Objectives of the Issue
- To establish of Jewellery manufacturing unit
- For meeting working capital requirements.
- To meet general corporate purposes.
Competitive strengths
- Experienced promoters with 2+ decades in the industry.
- Strategically located showroom.
- Wide product portfolio and innovative jewelry design.
- Strong in-house designing capabilities.
Ashapuri Gold Ornament FPO Details
| IPO Opening Date | Mar 3, 2021 |
| IPO Closing Date | Mar 8, 2021 |
| Issue Type | Fixed Price Issue FPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹81 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | BSE SME |
| Issue Size | 3,705,600 Eq Shares of ₹10 (aggregating up to ₹30.02 Cr |
FPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹129,600 |
| Maximum | 1 | 1600 | ₹129,600 |
Company Financials
| 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 |
Company Promoters
- Mr. Saremal Soni
- Mr. Dinesh Soni
- Mr. Jitendra Soni
FPO Registrar
Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai – 400 059
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Company Contact Information
Ashapuri Gold Ornament Ltd
109 to 112-A, Super Mall, Nr. LalBunglow,
C G Road, Ahmedabad – 380 009
Phone: 079-26462171
Email: account@ashapurigold.com
Website: https://www.ashapurigold.com
Final thoughts
Ashapuri Gold Ornament FPO is going to hit Dalal street soon. applying for FPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post gave you enough details to make a fundamental study of the company. learn well and make a wise decision.
Happy Investing
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