Ashapuri Gold Ornament IPO

Ashapuri Gold Ornament IPOAshapuri Gold Ornament IPO description – Ashapuri Gold Ornament is engaged in the business of wholesale trading of Jewellery. The Jewelries are manufactured on Job work basis at Ahmedabad and Rajkot. The company has 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 its products is done either in house or by third parties and the Jewelleries are manufactured on job work basis. The company deals only in jewellery certified by Hallmark. In addition to the above, the company is also in the Trading of Gold and antique Jewellery.

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 business of Branded Readymade Garments having exclusive showrooms at Ahmedabad, Surendranagar, Mehsana and Godhara. Ashapuri Gold Ornament is a major partner in this venture. Ashapuri Gold Ornament plans to open multiple chains of showrooms of branded readymade garments over a period of time.

Ashapuri Gold Ornament promoters – Mr Saremal Soni, Mr Dinesh Soni and Mr Jitendra Soni
Ashapuri Gold Ornament – Upcoming IPO details
Subscription Dates 13 – 18 March 2019
IPO Price band INR51 per share
Fresh issue 5,750,000 shares (INR29.32 crore)
Offer for sale Nil
Total IPO size 5,750,000 shares (INR29.32 crore)
Minimum bid (lot size) 2,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On BSE SME platform
Use of funds
  • Establishment of jewellery manufacturing unit – INR1.50 crore
  • Investment in partnership firm – INR1.80 crore
  • Working capital requirements – INR18 crore
  • General corporate purposes – INR7.25 crore
  • Issue expenses – INR0.77 crore
Ashapuri Gold Ornament’s financial performance (in INR lakh)
FY2016 FY2017 FY2018 8M FY2019
Total revenue 5,562.7 3,728.9 4,692.9 4,950.8
Total expenses 5,553.6 3,724.2 4,682.2 4,908.9
Profit after tax 6.4 4.0 7.3 31.9
Ashapuri Gold Ornament Contact Details

Ashapuri Gold Ornament Limited 
109 to 112A, 1st Floor Supermall
Nr. Lal Bunglow, C.G.Road
Ahmedabad- 380009

Phone: +91 079 26462171
Email: [email protected]

Ashapuri Gold Ornament IPO Subscription Details
Day Subscription (no. of times)
Day 1 0.31
Day 2 0.40
Day 3 0.83
Day 4 1.10
Ashapuri Gold Ornament Valuation (For FY2018)

Earnings Per Share (EPS): 0.05

Price/Earnings (P/E) ratio: NA

Return on Net Worth (RONW): 0.47%

Net Asset Value (NAV): 10.09 per share

Registrar of Ashapuri Gold Ornament IPO

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072

Phone: +91 22 4043 0200 
+91 22 2847 5201
 [email protected]

Ashapuri Gold Ornament IPO Allotment Status

Ashapuri Gold Ornament IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.

Listing performance of Ashapuri Gold Ornament

IPO Opening Date: 13 March 2019

IPO Closing Date: 18 March 2019

Listing Date: 27 March 2019

Listing Price on BSE SME: INR50 per share (down 1.96% from IPO price)

Closing Price on BSE SME: INR51 per share (no change from IPO price)


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