IPO Issue Details
Issue Price / Price Band₹40 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size3,000 Shares per Lot
Total Issue Size52,50,000 shares (aggregating up to ₹21.00 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenThu, 28 Mar 2013
Subscription CloseThu, 04 Apr 2013
Anchor AllotmentWed, 27 Mar 2013
Basis of AllotmentWed, 10 Apr 2013
Initiation of RefundsThu, 11 Apr 2013
Credit of Shares to DematThu, 11 Apr 2013
Listing DateMon, 15 Apr 2013
UPI Mandate Deadline2013-04-04
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 3,000 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 6,000 shares
Net Offer to Public49,86,000 shares (aggregating up to ₹19.94 Cr)
Reserved for Market Maker2,64,000 shares (aggregating up to ₹1.06 Cr)
Pre-IPO Promoter Holding5,30,862 shares
Post-IPO Promoter Holding5,30,862 shares
About Ashapura Intimates Fashion Ltd.
Incorporated in 2006, Ashapura Intimates Fashion Ltd is engaged in the business of designing, branding, marketing and retailing intimate garments such as loungewear, bridal night wear, honeymoon sets, bathrobes and night wear.Ashapura Intimates sell their products such as loungewear, bridal night wear, honeymoon sets and bathrobes under the brands “Valentine” and “N-Line”. Also night wear, maternity feeding night wear and bridal night wear (two pieces) are marketed under the brand “Night & Day” and sportswear, women’s innerwear and lingerie’s under the brands “Valentine Sportswear”, “Valentine Secret Skin” & “Valentine Pink”. Company has in house design studio for developing products and creating styles to remain updated on consumer tastes and fashion trends.
Objects of the Issue
Ashapura Intimates Fashion Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Set up 10 (ten) EBOs;
3.00
2
2 Incur expenses on branding and marketing set-up
3.00
3
3 Investment in the equity shares of Group Company
1.50
4
4 To fund modernization of machineries
3.00
5
5 To meet incremental working capital requirements
7.50
6
6 For general corporate purposes; and
1.25
7
7 To meet Issue expenses
1.75
Shareholding & Lock-in
Pre-IPO Promoter Holding
5,30,862 shares
Post-IPO Promoter Holding
5,30,862 shares