Ashapurit Gold Ornam announces launch of initial public offering
11/03/2019 15:30
Ashapurit Gold Ornament Ltd. has announced public offering of 5750000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 41.00 per share. The gross proceeds of the issue are expected to be Rs 2,932.50 lakhs.

The company's initial public offer (IPO) will open on 13 March 2019 and is expected to close on 18 March 2019, subject to customary closing conditions.

The IPO includes a fresh Issue of 5750000 Equity Shares of the Company at an price of Rs 51.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.

Ashapurit Gold Ornament Ltd. anticipates using the proceeds of the issue for Establishment of jewellery manufacturing unit, Investment in partnership firm, Meeting working capital requirements; and, General corporate purposes.

as lead manager & is the registrar, to the issue.