11-Apr-2024
2 mins read
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Ashapuri Gold Ornament Limited is coming with its rights issue in a few weeks. The last date to buy shares is Tuesday, April 16, 2024. The record date of this new issue is Thursday, April 18, 2024. The issue size is of 83,328,666 equity shares amounting to Rs 48.75 crores. The issue size is of 83,328,666 equity shares amounting to Rs 48.75 crores. The issue price is set at Rs 5.85 per share, and the face value is at Rs 1 per share. This issue will give eligibility to the existing shareholders to buy Ashapuri Gold Ornament equity shares at discount price. The bid offer opens on May 8, 2024 and closes on May 27, 2024. Presently, Ashapuri Gold Ornament's share price is Rs 13.79 per share. The eligible shareholders are being offered one Rights Equity shares for every 3 fully paid up equity shares held on a April 18, 2024, record date. The payment terms are decided as the full amount of Rs 5.85 per share is payable on application. Through this rights issue, the company plans to raise Rs 48.75 crores. The registrar for this issue is Bigshare Services Private Limited. The lead managers for this issue are not yet announced.
About Ashapuri Gold Ornament Limited
Ashapuri Gold Ornament Limited was incorporated in June 2008, engaged in manufacturing and selling gold and antique jewellery in India. Ashapuri Gold designs manufactures and sells a wide range of jewellery products, including gold and studded jewellery, at various price ranges. The company’s product portfolio includes wedding jewellery, festive jewellery, rings, chains, earrings, nose rings, anklets, toe rings etc. Ashapuri Gold has a large inventory of designs, years of expertise in manufacturing and provides high-quality service. The company has a physical presence in five cities – Delhi, Mumbai, Ahmedabad, Bangalore and Chennai. The company designs its products internally or through third-party designers and manufactures its jewellery on a job-work basis in Ahmedabad and Rajkot. The company has formed a partnership with Kiran Soni and Alka Jitendra Soni, the partners of M/s Blue Onxy Lifestyle engaged in producing and selling branded readymade garments. As of September 2023, the company has 60 employees working for them.
Objectives of the Ashapuri Gold Ornament Rights Issue
The main objective of this issue is to raise funds from the existing shareholders. The funds will be used to meet the working capital requirements. Other than this, the general corporate purposes will also be met.
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Financials Details of Ashapuri Gold Ornament (Amt in Rs Crores)
Ashapuri Gold Ornament posted a revenue of Rs 154.14 crore and PAT of Rs 1.79 crore for the year ending on 31 March 2023. However, for the year ending on 31 March 2022, the company posted a revenue of Rs 163.96 crore and net profit of Rs 3.07 crore. After comparing the last 2 years, the sudden drop in revenue and net profit is visible.
| Period Ended | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 90.71 | 87.42 | 80.28 |
| Revenue | 154.14 | 163.96 | 117.64 |
| Profit After Tax | 1.79 | 3.07 | 2.55 |
| Net Worth | 82.53 | 80.74 | 77.68 |
| Total Borrowing | 6.89 | 4.33 | 0.04 |
Important Details for Ashapuri Gold Ornament Rights Issue
| Issue Open/Close | May 8, 2024 - May 27, 2024 |
| Security Name | Ashapuri Gold Ornament Ltd |
| Issue Size (Shares) | 83,328,666 |
| Issue Size (Amt) | Rs 48.75 Crores |
| Issue Price | Rs 5.85 per share |
| Face Value | Rs 1 per share |
| Listing At | BSE |
| Terms of Payment | Full Amount shall be payable by the eligible shareholders at the time of making an application. |
| Entitlement | One Rights Equity Shares for every three fully paid-up Equity Shares held on April 18, 2024 |
Timetable of Ashapuri Gold Ornament Rights Issue
| Last Date to buy shares | 16-Apr-24 |
| Record Date | 18-Apr-24 |
| Credit of Rights Entitlements | Not yet announced |
| Bid/Offer Opens On | 8-May-24 |
| Renunciation of Rights Entitlements | 21-May-24 |
| Bid/Offer Closes On | 27-May-24 |
| Deemed Date of Allotment | Not yet announced |
| Credit Date | Not yet announced |
| Listing Date | Not yet announced |
How to Apply for Ashapuri Gold Ornament Rights Issue?
Wait for the public issue to open for subscription, then click here to apply for the Ashapuri Gold Ornament Limited Rights Issue with Bigul.
How do you check the allotment status of the Ashapuri Gold Ornament Rights issue?
The registrar for Ashapuri Gold Ornament Limited Rights Issue is Bigshare Services Private Limited. Investors can check the allotment status by clicking here.
FAQs
How to Apply for Ashapuri Gold Ornament Rights Issue?
Wait for the public issue to open for subscription, then click here to apply for the Ashapuri Gold Ornament Limited Rights Issue with Bigul.
How do you check the allotment status of the Ashapuri Gold Ornament Rights issue?
The registrar for Ashapuri Gold Ornament Limited Rights Issue is Bigshare Services Private Limited. Investors can check the allotment status by clicking here.
FAQs
- What is the Ashapuri Gold Ornament Limited Rights Issue?
Ashapuri Gold Ornament rights issue size is of 83,328,666 equity shares amounting to Rs 48.75 crores. The issue price is set at Rs 5.85 per share, and the face value is at Rs 1 per share. This issue will give eligibility to the existing shareholders to buy Ashapuri Gold Ornament equity shares at discount price.
- When does the Rights Issue open and close?
The bid offer for this issue opens on May 8, 2024 and closes on May 27, 2024. Stay connected with us for further updates.
- How can I apply for the Ashapuri Gold Ornament Limited Rights Issue?
You can apply for the Rights Issue once it opens for a subscription. Just click here to apply with Bigul.
- How can I check the allotment status of the Ashapuri Gold Ornament Limited Issue?
The registrar for Ashapuri Gold Ornament Limited Rights Issue is Bigshare Services Private Limited. Investors can check the allotment status by clicking here.
- What is the objective of Ashapuri Gold Ornament Limited Rights Issue?
The main objective of this issue is to raise funds from the existing shareholders. The funds will be used for meeting the working capital requirements. Other than this, the general corporate purposes will also be met.
- What is the record date for the Ashapuri Gold Ornament Limited Rights Issue?
The record date, which is the date to determine the shareholders eligible for the Rights Issue, is set for April 18, 2024.
- Where will the Ashapuri Gold Ornament Limited Right Issue be listed?
The Rights Issue will be listed on the BSE.
- What is the entitlement ratio for the Ashapuri Gold Ornament Limited Right Issue?
The entitlement ratio is set at one Rights equity Shares for every three fully paid-up equity shares held on record date April 18, 2024.
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