
Emerging SME Services · BSE
Incorporated in 2008, Ashapuri Gold Ornament Limited is engaged in the wholesale trading of gold jewellery, offering a wide range of products including rings, nose rings, bangles, earrings, anklets, necklaces, and pendants. The company caters to diverse customer segments through its collection of antique, traditional, bridal, contemporary, and combination jewellery designs. All jewellery sold by Ashapuri is Hallmark certified and manufactured on a job-work basis in Ahmedabad and Rajkot. The company operates from a 2,945 sq. ft. showroom in Ahmedabad. Expanding beyond jewellery, Ashapuri has also partnered with Blue-Onxy Lifestyle to venture into the branded readymade garments business, with plans to open multiple garment showrooms across various cities in Gujarat. As of now, the company has 9 employees on its payroll.
Price Band
₹51
Issue Size
₹29.33 Cr
Lot Size
2000 shares
GMP
Est. Listing
₹51
at current GMP
Subscribed
—
Open
13 Mar 2019
Close
18 Mar 2019
Allotment
25 Mar 2019
Refund
26 Mar 2019
Demat Credit
27 Mar 2019
Listing
27 Mar 2019
Designated Registrar: Bigshare Services Pvt Ltd
Allotment Date
25 Mar 2019
Basis finalization
Refunds Initiate
26 Mar 2019
Mandate release
Demat Credit
27 Mar 2019
Shares in demat
Listing Debut
27 Mar 2019
Trading begins
Ashapuri Gold Ornament Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹29.33 Crores. The shares are offered at a price band of ₹51 to ₹51 per equity share on BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 2000 shares (approx. ₹1,02,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Bigshare Services Pvt Ltd. Eligible allottees will receive credit of equity shares into their Demat accounts by 2019-03-27, while un-allotted funds or UPI block mandates will be released on 2019-03-26.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.