Ashapuri Gold Ornament Ltd FPO
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Following its successful public offering, Ashapuri Gold Ornament Ltd FPO's made its market debut on Mar 27, 2021 and is now actively traded on the BSEplatform. The IPO mobilized 57,50,000 Shares in total capital, including TBD in primary equity infusion.
The offering was structured with a price band of ₹81 to ₹81 and minimum investment lots of 1600 shares. Investor participation during the subscription window from Mar 13, 2021 to Mar 18, 2021 demonstrated market confidence in the company's prospects.
The allotment process concluded on Mar 22, 2021, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 2008, Ashapuri Gold Ornament Limited is engaged in the wholesale trading of gold jewellery, offering a wide range of products such as rings, nose rings, bangles, earrings, anklets, necklaces and pendants in antique, traditional, bridal, contemporary and combination designs to cater to diverse customer segments. The company operates a 2,945 sq. ft. showroom in Ahmedabad and sells only Hallmark-certified jewellery, which is manufactured on a job-work basis at Ahmedabad and Rajkot. Ashapuri has also entered into a partnership with Blue-Onxy Lifestyle for the branded readymade garments business and plans to open multiple garment showrooms across various cities in Gujarat over time, while currently operating with a workforce of nine employees.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Over 10 Years of Experience: Strong industry presence with proven expertise.
- Prime Location Showrooms: Well-placed showrooms in key areas of Ahmedabad.
- Wide Product Range: Offers a diverse collection to meet different customer needs.
- Unique & Antique Designs: Known for distinctive and traditional jewellery designs.
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- Mr. Saremal Soni
- Mr. Dinesh Soni
- Mr. Jitendra Soni
Ashapuri Gold Ornament Ltd FPO
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