Ashapura Intimates Fashion Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 2,493,000 (47%) | — | ₹997 Cr |
| Retail | — | 2,493,000 (47%) | — | ₹997 Cr |
| Market Maker | — | 264,000 (5%) | — | ₹11 Cr |
| Σ Total | — | 5,250,000 (100%) | — | ₹21,000 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹120,000 |
| Retail (Max) | 13 | 39,000 | ₹1,560,000 |
| S-HNI (Min) | 14 | 42,000 | ₹1,680,000 |
| B-HNI (Min) | 67 | 201,000 | ₹8,040,000 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Set up 10 (ten) EBOs; – 3.00
- 2 Incur expenses on branding and marketing set-up – 3.00
- 3 Investment in the equity shares of Group Company – 1.50
- 4 To fund modernization of machineries – 3.00
- 5 To meet incremental working capital requirements – 7.50
- 6 For general corporate purposes; and – 1.25
- 7 To meet Issue expenses – 1.75
Company Overview
Incorporated in 2006, Ashapura Intimates Fashion Ltd is engaged in the business of designing, branding, marketing and retailing intimate garments such as loungewear, bridal night wear, honeymoon sets, bathrobes and night wear.
Ashapura Intimates sell their products such as loungewear, bridal night wear, honeymoon sets and bathrobes under the brands “Valentine” and “N-Line”. Also night wear, maternity feeding night wear and bridal night wear (two pieces) are marketed under the brand “Night & Day” and sportswear, women’s innerwear and lingerie’s under the brands “Valentine Sportswear”, “Valentine Secret Skin” & “Valentine Pink”. Company has in house design studio for developing products and creating styles to remain updated on consumer tastes and fashion trends.