Ashok Masala Mart IPO


Ashok Masala Mart IPO

Ashok Masala Mart IPO

Ashok Masala Mart is presently engaged into manufacturing and supplying of blended spices, whole spices and grinded spices. The company has been supplying the traditional and delectable range of spices. It is committed to manufacture and supply different types of spices, meeting highest quality standards in line with customer requirements.

The company has two brands “APPU MASALA” & “GAYATRI MASALA” with more than 30 types of Spices and Masalas including instant mix range such as Pav Bhaji Masala, Chaat Masala, Tea Masala, Garam Masala, Sambhar Masala, Punjabi Chole Masala, Biryani / Pulav Masala, Kitchen King Masala and various Powders like Red Chilli Powder, Jeera Powder, White Pepper Powder, Turmeric Powder. It is positioned as professional and has built a reliable reputation within Maharashtra’s spices arena.

Promoters of Ashok Masala Mart – Ashok Shivji Chothani, Neeraj Ashok Chothani, Sunil Shivji Chothani and Bonne Volente Communications LLP

Ashok Masala Mart IPO details

Subscription Dates 7 – 11 August 2017
IPO Price band INR10 per share
Fresh issue 2,010,000 shares (INR2.01 crore)
Offer for sale Nil
Total IPO size 2,010,000 shares (INR2.01 crore)
Minimum bid (lot size) 10,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On BSE SME platform

Ashok Masala Mart’s financial performance (in INR lakh)

FY2014 FY2015 FY2016 FY2017
Total revenue 3.0 378.4 287.8 838.7
Total expenses 0.5 368.5 272.1 807.1
Profit after tax 1.3 3.3 3.5 12.1

Ashok Masala Mart Limited
184/188, Mandvi Chamber, Hazrat Abbas Road,
Samuel Street, Khoja Gully, Chinchbunder,
Mumbai – 400 009

Phone: +91 22 2344 6871
Email: [email protected]
Website: www.ashokmasalamartcom


Subscription (no. of times)

Day 1 0.73
Day 2 1.30
Day 3 2.06
Day 4 4.72
Day 5 10.91


Earnings Per Share (EPS): INR0.59

Price/Earnings (P/E) ratio: 16.95

Return on Net Worth (RONW): 3.55%

Net Asset Value (NAV): INR16.62 per share

Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana

Phone: +91 40 6716 2222 
 +91 40 2343 1551 
 [email protected]

Ashok Masala Mart IPO allotment status will be available on Karvy Computershare’s website. Click on this link to get allotment status. You can also check allotment status using application number on this link.

IPO Opening Date: 7 August 2017

IPO Closing Date: 11 August 2017

Listing Date: 22 August 2017

Listing Price on BSE SME: INR10.3 per share (up 3% from IPO price)

Closing Price on BSE SME: INR10.04 per share (up 0.4% from IPO price)



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