Ashapuri Gold Ornament FPO

Ashapuri Gold Ornament FPO Dates and Details

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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 DateMar 3, 2021
IPO Closing DateMar 8, 2021
Issue TypeFixed Price Issue FPO
Face Value₹10 per equity share
IPO Price₹81 per equity share
Market Lot1600 Shares
Min Order Quantity1600 Shares
Listing AtBSE SME
Issue Size3,705,600 Eq Shares of ₹10
(aggregating up to ₹30.02 Cr

FPO Lot Size

ApplicationLotsSharesAmount (Cut-off)

Company Financials

ParticularsFor the year/period ended (₹ in lakhs)
Total Assets5,105.644,852.104,662.741,454.00
Total Revenue2,231.1612,065.908,820.224,692.92
Profit After Tax244.2247.3638.167.30

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

Company Contact Information

Ashapuri Gold Ornament Ltd
109 to 112-A, Super Mall, Nr. LalBunglow,
C G Road, Ahmedabad – 380 009

Phone: 079-26462171

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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