Ashapuri Gold Ornament Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 2,726,000 (47%) | — | ₹1,390 Cr |
| Retail | — | 2,726,000 (47%) | — | ₹1,390 Cr |
| Market Maker | — | 298,000 (5%) | — | ₹15 Cr |
| Σ Total | — | 5,750,000 (100%) | — | ₹29,325 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 | 2,000 | ₹102,000 |
| Retail (Max) | 13 | 26,000 | ₹1,326,000 |
| S-HNI (Min) | 14 | 28,000 | ₹1,428,000 |
| B-HNI (Min) | 67 | 134,000 | ₹6,834,000 |
Financial Statements Amount in Lakhs
| Metric | 30-Nov-18 | 31-Mar-18 | 31-Mar-17 |
|---|---|---|---|
| Revenue | 4,951 | 4,693 | 3,729 |
| Profit After Tax | 32 | 7 | 4 |
| Total Assets | 1,610 | 1,454 | 1,558 |
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 Establishment of jewellery manufacturing unit – 1.50
- 2 Investment in partnership firm – 1.80
- 3 Meeting working capital requirements – 18.00
- 4 General corporate purposes – 7.25
Company Overview
Incorporated in 2008, Ashapuri Gold Ornament Limited is engaged in the business of wholesale trading of gold jewellery. Company's products portfolio includes Ring, Nose Ring, Bangles, Earring, Anklets, Necklace, Pendant etc. They sell antique, traditional, bridal contemporary and combination designs which cater diversified customer segments.
The company is having a showroom of 2945 sq. feet in Ahmedabad. The company only sell Hallmark certified jewellery and those are manufactured on Job work basis at Ahmedabad and Rajkot.
Ashapuri has also entered into a partnership with Blue-Onxy Lifestyle which carrying business of Branded Readymade Garments. They also have the plan to open multiple chains of showrooms of Readymade Garments over a period of time in various cities across Gujarat.
It currently employs 9 employees on its payroll.
The competitive strengths of the company are:
• More than 10-years of experience
• Showrooms at prime locations in Ahmedabad
• A wide range of products
• Unique and antique designs