Ashapuri Gold Ornament Limited IPO

Ashapuri Gold Ornament limited is involved in wholesale trading of Jewelleries having its showroom of 2945 sq. feet located at prime location of Ahmedabad city. Its pieces of jewellery are designed in-house or by third parties manufactured on job work basis from Ahmedabad and Rajkot. The company only deals with certified Hallmark pieces of jewellery. As on 31st December, it has 9 employees on a payroll basis.

Date of Incorporation: The Company was established as “Ashapuri Gold Ornament Private Limited” on 17th June 2018 at Dadra and Nagar Haveli, Gujarat. Eventually, it was reformed to the public limited Company “Ashapuri Gold Ornament Limited” on 23rd January 2019.

Promoters of Ashapuri Gold Ornament Limited: Mr Saremal Soni, Mr Dinesh Soni and Mr Jitendra Soni are the promoters of the Company.

Products and Service Offerings: It offers a wide variety of product range in jewellery namely - the necklace with earrings, traditional sets, jadau earrings kada and bengals among other range.

Customer Segments: Most of its clients are individuals that purchase jewellery as an end-user across the local markets.

Objects of the Offer: The main objectives of Ashapuri Gold Ornament Limited IPO are:

• - To set up a jewellery manufacturing unit.

• - To make an investment in a partnership firm.

• - Financing working capital requirements.

• - General corporate expenses.

Company Financials: