Ashapuri Gold Ornament Limited IPO
The Company is engaged in the business of wholesale trading of Jewellery. The Jewelries are manufactured on Job work basis at Ahmedabad and Rajkot. They are well known and trusted wholesaler of gold jewellery supplier, having a showroom of 2945 sq. feet on prime location of C.G. Road, Ahmedabad, the newly developed main market for buying Gold and Diamond Jewellery. The design of their products is done either in house or by third parties on their behalf and get the Jewellery manufactured on job work basis. They believe that their track record of almost two-decade attracts and signifies customers trust in the quality and purity of our products. Since the system of hallmarking is legally introduced, Company deals only in jewellery certified by Hallmark. They deal in antique Jewellery too.
During the year 2018-19, the company had entered in to partnership with Mrs. Kiran Soni and Mrs. Alka Jitendra Soni, partner of M/s. Blue-Onxy Lifestyle, carrying on a business of Branded Readymade Garments having exclusive showrooms at Ahmedabad, Surendranagar, Mehsana and Godhara. Our company is a major partner in this venture. The promoters have a plan to open multiple chains of showrooms of Branded Readymade Garments over a period of time.
The Company has only one showroom in Ahemdabad.
Objects of the Ashapuri Gold Ornament Limited IPO:
Ashapuri Gold Ornament Limited IPO Details:
Open Date: | Mar 13 2019 |
Close Date: | Mar 18 2019 |
Total Shares: | 5,750,000 |
Face Value: | ₹ 10 Per Equity Share |
Issue Type: | Fixed Price Issue IPO |
Issue Size: | 29.33 Cr. |
Lot Size: | 2000 Shares |
Issue Price: | ₹ 51 Per Equity Share |
Listing At: | BSE SME |
Listing Date: | Mar 28 2019 |
Promoters And Management:
Financials of Ashapuri Gold Ornament Limited IPO:
Year | Revenue(Cr) | Expense(Cr) | PAT(Lakh) | Shares(Lakh) | EPS | P/E(Post Issue) |
2016 | 55.62 | 55.53 | 6 | 0.617 | 9.72 | 242 |
2017 | 37.29 | 37.24 | 3 | 1 | 3 | |
2018 | 46.92 | 46.82 | 7 | 1 | 7 | |
8MFY19 | 49.51 | 49.08 | 31 | 1 | 31 | |
Post Issue | 212.93 | 0.21 |
Comparison With Peers:
Recommendation on Ashapuri Gold Ornament Limited IPO:
Lead Manager of Ashapuri Gold Ornament Limited IPO:
Registrar of Ashapuri Gold Ornament Limited IPO:
Company Address:
Bid Details of Ashapuri Gold Ornament Limited IPO as on
18 Mar 2019 | 11:58:04 PM
Category | No.of shares offered | No. of shares bid |
---|---|---|
2,726,000 | 5,648,000 | |
2,726,000 | 694,000 | |
298,000 | 298,000 | |
5,750,000 | 6,640,000 |
QIBs | No |
QIBs+HNIs Subscription | 2.07X |
Retail Subscription | 0.25X |
Total Subscription | 1.16X |
Discussion on Ashapuri Gold Ornament Limited IPO:
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