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Open
13 Mar 2019
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Close
18 Mar 2019
3
Allotment
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Listing
Wed, Mar 27, 2019
Price Band
₹51 per share
Issue Size
57,50,000 shares (agg. up to ₹29 Cr)
Lot Size
2,000 Shares
Listing Date
Wed, Mar 27, 2019
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.05x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Nov 2018 | 31 Mar 2018 | 31 Mar 2017 | 31 Mar 2016 |
|---|---|---|---|---|
| Assets | 16.10 | 14.54 | 15.58 | 16.84 |
| Total Income | 49.51 | 46.93 | 37.29 | 55.63 |
| Profit After Tax | 0.32 | 0.07 | 0.04 | 0.06 |
| NET Worth | 6.92 | 6.60 | 6.53 | 6.45 |
| Reserves and Surplus | 6.82 | 6.50 | 6.43 | 6.39 |
| Total Borrowing | 5.12 | 4.82 | 5.77 | 8.03 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Shubhlaxmi Jewel Art Ltd. | SME | ₹6.51 Cr | ₹26 | null | ₹27.20 | +4.62% | ₹21.00 (-4.98%) |
| S.M.Gold Ltd. | SME | ₹7.50 Cr | ₹30 | null | ₹28.60 | -4.67% | ₹12.07 (+0.92%) |
| Silgo Retail Ltd. | SME | ₹4.88 Cr | ₹36 | null | ₹36.10 | +0.28% | ₹75.17 (+0.99%) |
| Sky Gold Ltd. | SME | ₹25.56 Cr | ₹180 | null | ₹180.45 | +0.25% | ₹621.30 (-0.11%) |
| U.H.Zaveri Ltd. | SME | ₹7.99 Cr | ₹36 | null | ₹25.65 | -28.75% | ₹10.51 (-4.89%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
About Ashapuri Gold Ornament IPO
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+ Read More
Contact Details
Ashapuri Gold Ornament Ltd. Address109 to 112A, 1st Floor SupermallNr.Lal BunglowC.G.RoadAhmedabad, Gujarat, 380009079-26462171info@ashapurigold.comVisit Website