Published on 3/03/2021 11:21:09 AM | Source: Dion Global Solutions Ltd

Ashapuri Gold Ornam announces launch of initial public offering

Posted in IPO Analysis| #IPO #Diamond #Ashapuri Gold Ornament Ltd

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Ashapuri Gold Ornament Ltd. has announced public offering of 3705600 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 71.00 per share. The gross proceeds of the issue are expected to be Rs 3,001.54 lakhs. The company's initial public offer (IPO) will open on 03 March 2021 and is expected to close on 08 March 2021, subject to customary closing conditions. The IPO includes a fresh Issue of 3705600 Equity Shares of the Company at an price of Rs 81.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600. Ashapuri Gold Ornament Ltd. anticipates using the proceeds of the issue for Establishment of Jewellery manufacturing Unit Meeting working capital requirements General corporate purposes. Mehta Integrated Finance Ltd. as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.