Ashapura Intimates Fashion Ltd IPO


IPO Subscription Details

  • Open Date 28 Mar
  • Close Date 04 Apr
  • Lot Size 3000
  • IPO Size ₹ 21 Cr
  • IPO Price Range ₹ 40
  • Min Investment ₹ 120000

IPO Synopsis

Public issue of 52,50,000 equity shares of Rs. 10 each of Ashapura Intimates Fashion Limited (The Company or The Issuer) for cash at a price of Rs. 40 per equity share (including a securities premium of Rs. 30 per equity share) aggregating to Rs. 21.00 crores (The Issue), of which, 2,64,000 equity shares of Rs. 10 each will be reserved for subscription by Market Maker to the issue (The Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. issue of 49,86,000 equity share of Rs. 10 each is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 26.97% and 25.61% respectively of the post issued paid up equity share capital of the company. This being a fixed price issue, as per Sub-Regulation (4) of Regulation 43 of the SEBI (ICDR) Regulation, 2009 as amended from time to time (SEBI(ICDR) Regulations), out of the net issue of 49,86,000 equity shares, minimum 50% of the net issue being 24,93,000 shall be available for allotment to retail individual investors and the remaining 50% to other applicants irrespective of the number of equity shares applied for. If the retail individual investor category is entitled to more than 50% on proportionate basis, They shall be allotted that higher percentage. The minimum application size is Rs. 1,20,000. The face value of equity share is Rs. 10. The issue price is Rs. 40. The issue price is 4 times of the face value.

How to apply for IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Ashapura Intimates Fashion Ltd IPO

Contact Information


Shop No. 3-4 Pacific Plaza,
Ground Floor Plot No 507,
Mumbai, Maharashtra 400028

Ashapura Intimates Fashion Ltd IPO Lead Manager

KJMC Corporate Advisors (India) Ltd