- NEGATIVE
Annual Revenue Ashapuri Ornament Mar-2026 Annual Revenue is Rs 317 Cr which is growth of -0.0% YoY.
- POSITIVE
Annual Net Profit Ashapuri Ornament Mar-2026 Annual Net Profit is Rs 19 Cr which is growth of 54.2% YoY.
Ashapuri Gold Ornament Limited is engaged in the business of wholesale trading of gold jewellery. The company's product portfolio includes rings, Nose rings, Bangles, earrings, Anklets, Necklaces, Pendant, etc. They sell antique, traditional, bridal contemporary, and combination designs which cater to diversified customer segments.
| Bidding Dates |
|---|
| 13 Mar 2019 - 18 Mar 2019 |
| Subscription |
|---|
| 1.16x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹102,000 | 1 | 1 | 2000 | 5.8 M | ₹51 | 73 % | ₹293.3 M | RHP DOC |
Ashapuri Ornament IPO SUBSCRIPTION STATUS
18 Mar '19Total1.16x
Retail Individual Investor0.25x
HNI (NII) Investors2.07x
Qualified Institutional Buyers-
Ashapuri Ornament IPO overall subscription rate was 1.16 times the total available shares
Ashapuri Ornament IPO retail subscription rate was 0.25 times in the retail segment
Ashapuri Ornament IPO non-institutional investor subscription rate was 2.07 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
13 Mar 2019 (Day 1) | 0.05x | 0.58x | - |
14 Mar 2019 (Day 2) | 0.07x | 0.73x | - |
15 Mar 2019 (Day 3) | 0.08x | 1.66x | - |
18 Mar 2019 (Day 4) | 0.25x | 2.07x | - |
Ashapuri Ornament FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| 8MFY19 | 3.2 | 495.1 | 3.7 | -0.1 |
| FY18 | 0.7 | 469.3 | 19.8 | 13.6 |
| FY17 | 0.4 | 372.9 | 24.8 | 24.8 |
| FY16 | 0.6 | 556.3 | -12.3 | -12.4 |
Ashapuri Ornament IPO SUBSCRIPTION STATUS DETAILS
Ashapuri Ornament had 5.8 M shares on offer
Ashapuri Ornament IPO offer price was ₹51
Ashapuri Ornament IPO minimum Investment was ₹102000
Ashapuri Ornament IPO issue size was ₹ 293.3 M
Ashapuri Ornament had a minimum lot size of 2000 Shares per application
Ashapuri Ornament NUMBER OF SHARES ON OFFER
Total5.8 M
Fresh Issue5.8 M
Offer for Sale0
Post Issue Promoter Holding %73 %
Ashapuri Ornament IPO IMPORTANT DATES
| Issue Open Date | 13 Mar 2019 |
| Issue close Date | 18 Mar 2019 |
| Allotment Date | 22 Mar 2019 |
| Refund Date | 25 Mar 2019 |
| Demat Account Credit Date | 26 Mar 2019 |
| Listing Date | 27 Mar 2019 |
| Listing on Exchange(s) | BSE |
| Ashapuri Ornament Allotment Status | Exchange |
Ashapuri Ornament IPO subscription opened on 13 Mar 2019, and closed on 18 Mar 2019
IPO allotment for Ashapuri Ornament was finalized on Friday, 22 Mar 2019
IPO listing for Ashapuri Ornament was on BSE on Wednesday, 27 Mar 2019
Ashapuri Ornament IPO LISTING GAINS
| Issue Price (adjusted) | 5.1 |
| Listing Open Price | 50.0 |
| Listing Close Price | 51.0 |
| Listing Gain% | -2.0% |
| Current Gain% | 2.0% |
Ashapuri Ornament Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ashapuri Gold Ornament Ltd. | 5.2 | 11.1 | 8.4 | 0.1 | 0.5 | 11.1 | 10.7 | 317.4 | 0 | 18.6 | 54.2 | 0.6 | 77.4 |
| Titan Company Ltd. | 4516.6 | 400977.5 | 69.6 | 1.3 | 4.3 | 32.3 | 8.4 | 88136 | 44.6 | 5073 | 52 | 64.9 | 55.1 |
| Kalyan Jewellers India Ltd. | 513 | 52980.1 | 36.9 | 0.5 | 1.4 | 21.4 | 6.5 | 35950.9 | 42.7 | 1350.4 | 88.9 | 13.9 | 79.1 |
| Lalithaa Jewellery Mart Ltd. | 361.8 | 20250.3 | 34.5 | 9.2 | 25039.8 | 48.1 | 1009.8 | 176.9 | |||||
| PC Jeweller Ltd. | 14.8 | 14476.2 | 16.2 | 0.4 | 3.9 | 8.7 | 7.6 | 3549.6 | 49.7 | 714.5 | 23.7 | 0.9 | 45.9 |
| Thangamayil Jewellery Ltd. | 4604 | 14317.4 | 36.6 | 0.1 | 1.5 | 24.8 | 9.2 | 8513.8 | 73.2 | 351.6 | 196.2 | 125.7 | 262.5 |
Quarterly
Annual
Balance Sheet
Ratios
Cash Flow
Ashapuri Ornament annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
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Standalone
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Total Rev. Ann.
2Y CAGR
37.9%
3Y CAGR
26.2%
5Y CAGR
22%
7Y CAGR
20.1%
10Y CAGR
19%
Total Revenue Annual is falling faster than historical averages.
Net Profit Ann.
1Y CHG
55%
2Y CAGR
58.5%
3Y CAGR
117.8%
5Y CAGR
48.2%
7Y CAGR
73.1%
10Y CAGR
68.6%
Net Profit Annual growth is stable compared to historical averages.
Operating Exp. Ann.
1Y CHG
-2.9%
2Y CAGR
37%
3Y CAGR
23.6%
5Y CAGR
20.7%
7Y CAGR
18.8%
10Y CAGR
18.2%
Operating Expenses Annual Cr is falling faster than historical averages.
Ashapuri Ornament INFORMATION ON IPO ISSUE
About Ashapuri Ornament
Ashapuri Gold Ornament Limited is engaged in the business of wholesale trading of gold jewellery. The company's product portfolio includes rings, Nose rings, Bangles, earrings, Anklets, Necklaces, Pendant, etc. They sell antique, traditional, bridal contemporary, and combination designs which cater to diversified customer segments.
Object of the Issue
- Establishment of jewellery manufacturing unit;
- Investment in partnership firm;
- Meeting working capital requirements; and
- General corporate purposes.
Ashapuri Ornament - PROMOTERS
| Name |
|---|
| Saremal Soni |
| Dinesh Soni |
| Jitendra Soni |
Ashapuri Ornament Lead Manager
Fedex Securities Limited
mb@fedsec.in
Ashapuri Ornament Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Ashapuri Ornament Strengths
Vast experience of over Two decades with sound market knowledge
The Promoters of the Company have a background in jewellery business and are actively involved in the operations of the Company.
Strength
Design, Innovation and Product range
The wide experience of the Promoters in the Gold industry helps to know about the exact requirement of the customers, which in turn helps to design the products accordingly.
Strength
Long term relations with client
The company believes in providing quality products and timely delivery of the products as per the requirement of customers,which in turn has helped the Company to built very strong relations with them
Strength
Ashapuri Ornament Risks
Financing Arrangements
The promoters, members of the promoter group, the directors of the issuer and their relatives have not financed the purchase by any other person of securities of the Company
Risk
Related party transactions
Company has entered into related party transactions with its Promoters, Directors, Promoter Group, Group companies/entities and may continue to do so in the future
Risk
IPO FAQs
Ashapuri Gold Ornament Ltd. IPO listing opened at Rs 50.00 while the issue price was Rs 51.00 giving -1.96% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 5.10 giving 1.96% gains since its IPO listing.
The promoters of the company are Saremal Soni, Dinesh Soni and Jitendra Soni.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 51.0 - 51.0.
The IPO application opens on Mar 13, 2019 and closes on Mar 18, 2019.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 102,000.0, the maximum value for this IPO is Rs 102,000.0.
This IPO will be allotted on Mar 22, 2019.
The refund will be credited to your account on Mar 25, 2019.
The allotted shares will be credited to your demat on Mar 26, 2019.
Ashapuri Gold Ornament Ltd.’s shares listed on the stock exchanges on Mar 27, 2019.