The Ashok Masala IPO date has been confirmed to have started on August 7, 2017 and ended on August 11, 2017.
Using an IPO, Ashok Masala is seeking to raise Rs 2.01 crore. Its price is ₹10 per share and The minimum lot size for an application is 10000 Shares. The minimum amount of investment required by retail investors is ₹100,000.
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Bidding Dates
August 7-11
Price Range
—
Face Value
₹10 per share
GMP
₹36.75
Ashok Masala IPO GMP
The Ashok Masala Limited IPO GMP is ₹36.75.
IPO Overview
The Ashok Masala IPO has a fixed price of Rs 2.01 crores. The bidding for the Ashok Masala IPO began on August 7, 2017 and finished on August 11, 2017. On August 22, 2017, the shares were listed on the BSE SME. The IPO price for Ashok Masala is $10 per share. An application’s minimum lot size is 10,000 shares. Retail investors must make a minimum commitment of $100,000.
Ashok Masala IPO Details
| IPO Date | August 7, 2017 to August 11, 2017 |
| Listing Date | August 22, 2017 |
| Face Value | ₹10 per share |
| Price | ₹10 per share |
| Lot Size | 10000 Shares |
| Total Issue Size | 2,010,000 shares (aggregating up to ₹2.01 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Ashok Masala Listing Day Trading Information
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹9.50 |
| Low | ₹9.50 |
| High | ₹9.50 |
| Last Trade | ₹9.50 |
Ashok Masala IPO Listing Details
| Listing Date | August 22, 2017 |
| BSE Script Code | 540681 |
| NSE Symbol | |
| ISIN | INE344X01016 |
| Final Issue Price | ₹10 per share |
Company Profile
Ashok Masala Mart Ltd, founded in 2014, is a manufacturer, exporter, and supplier of blended spices, whole spices, and ground spices. They market their goods under the brand names “APPU MASALA” and “GAYATRI MASALA.” They make around 30 different spices and masalas, including Pav Bhaji Masala, Chaat Masala, Tea Masala, Garam Masala, Sambhar Masala, Punjabi Chole Masala, Biryani/Pulav Masala, Kitchen King Masala, and numerous powders such as red chilli powder, jeera powder, white pepper powder, and turmeric powder. They offer in-house
capabilities for cleaning, drying, grading, grinding, packaging, and other production processes.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | einward@karvy.com |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Ashok Masala Mart Ltd |
| Phone number | +91-22-2344 687 |
| Email ID | ashokmasalamart@gmail.com |
| Website | ashokmasalamart.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
