IPO Issue Details
Issue Price / Price Band₹10 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size10,000 Shares per Lot
Total Issue Size20,10,000 shares (aggregating up to ₹2.01 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenMon, 07 Aug 2017
Subscription CloseFri, 11 Aug 2017
Anchor AllotmentSun, 06 Aug 2017
Basis of AllotmentThu, 17 Aug 2017
Initiation of RefundsFri, 18 Aug 2017
Credit of Shares to DematFri, 18 Aug 2017
Listing DateTue, 22 Aug 2017
UPI Mandate Deadline2017-08-11
Application & Investment Details
Retail — Min (1 Lots)₹1,00,000 — 10,000 shares
Retail — Max (13 Lots)₹1,300,000 (13 Lots)
HNI — Min (3 Lots)₹3,00,000 — 30,000 shares
Net Offer to Public19,00,000 shares (aggregating up to ₹1.90 Cr)
Reserved for Market Maker1,10,000 shares (aggregating up to ₹0.1100 Cr)
Pre-IPO Promoter Holding31,50,000 shares
Post-IPO Promoter Holding51,60,000 shares
About Ashok Masala Mart Ltd.
Incorporated in 2014, Ashok Masala Mart Ltd is engaged in the manufacturing, exporting and supplying of Blended Spices, Whole spices and Grinded spices.They sell their products under the two brand names "APPU MASALA" & "GAYATRI MASALA". They produce more than 30 types of Spices and Masalas like Pav Bhaji Masala, Chaat Masala, Tea Masala, Garam Masala, Sambhar Masala, Punjabi Chole Masala, Biryani/Pulav Masala, Kitchen King Masala and various Powders like Red Chilli Powder, Jeera Powder, White Pepper Powder, Turmeric Powder. They have in-house facility to execute all types of manufacturing activities such as cleaning, drying, grading, grinding, packaging, etc.
Objects of the Issue
Ashok Masala Mart Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
To part-finance the purchase of new corporate office and its interior expenses
0.40
2
To part-finance incremental working capital requirements
0.80
3
General Corporate Purpose
0.50
Shareholding & Lock-in
Pre-IPO Promoter Holding
31,50,000 shares
Post-IPO Promoter Holding
51,60,000 shares