Ashok Masala IPO: The Ashok Masala Mart Ltd Incorporated in the year 1975 in Mumbai (India), Ashok masala mart is a renowned name, engaged in the manufacturing, exporting and supplying of Blended Spices, Whole spices and Grinded spices. We have been supplying the traditional and delectable range of spices. In this article you may find complete information about Ashok Masala IPO…check more details from below….
Ashok Masala Mart Ltd – sell their products under the two brand names “APPU MASALA” & “GAYATRI MASALA“. They produce more than 30 types of Spices and Masalas. With 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 the brand ASHOK Masala Mart has achieved its significant position in the Consumer Market across India. To maintain highest standards of quality of the spices, we make sure quality ingredients are used in the preparation process. These ingredients are thoroughly tested on purity, quality and rich taste by the quality controllers They have two brands APPU MASALA & GAYATRI MASALA
Brief Details of IPO
| Issue Name | SME – ASHOK MASALA MART LIMITED |
| Type | Single Bid |
| Floor Price | 10 |
| Min. Investment Value (Rs.) | 100000 |
| Max. Investment Value (Rs.) | 200000 |
| Lot Size | 10000 |
| Tick Size | 1 |
| Issue Date | 07/08/2017-11/08/2017 |
| CutOff Time | 16:00:00 |
Ashok Masala IPO Listing
The Equity Shares of Ashok Masala Mart Ltd Company offered through this Prospectus are proposed to be listed on the SME Platform of BSE Limited (“BSE SME”). Ashok Masala Mart Ltd has received in-principle approval letter dated 6th July, 2017 from BSE for using its name in this offer document for listing of our shares on the SME Platform of BSE. For the purpose of this Issue, SME Platform of the BSE shall be the designated Stock Exchange.
Ashok Masala Mart Company Promoters:
The Promoters of the company are:
1. Ashok Shivji Chothani
2. Neeraj Ashok Chothani
3. Sunil Shivji Chothani
Objects of this IPO Issue:
1. To Purchase the new corporate office and its interior expenses;
2. To part-finance incremental working capital requirements;
3. To meet the general corporate expenses;
4. To meet the expenses of the Issue.
Ashok Masala Mart Ltd IPO Details
| Details | Information |
| Issue Open Date | 07 Aug 2017 |
| Issue Close Date | 11 Aug 2017 |
| Price Range | 10-0 |
| Issue Size (Rs. in Cr.) | 2.01 (2,010,000 Equity Shares @ Rs 10) |
| Issue Type | Fixed Price Issue IPO |
| Face Value | Rs 10 Per Equity Share |
| Issue Price | Rs 10 Per Equity Share |
| Market Lot | 10000 Shares |
| Minimum Order Quantity | 10000 Shares |
| Listing At | BSE SME |
Ashok Masala IPO Issue Terms
| Issue price / Floor Price (Rs) | 10 |
| Application per share (Rs) | 10.00 |
| Minimum investment amount (Rs) | 100,000.00 |
| Minimum bid (no of shares) | 10000 |
| Maximum Shares for Retail | 10000 |
Ashok Masala IPO Date and Size
| Issue opens | 07-Aug-17 |
| Issue closes | 11-Aug-17 |
| Listing on | BSE SME |
| Issue size (Rs cr) | 2.01 |
| Mkt cap at issue price (Rs cr) | N.A. |
Ashok Masala IPO Lead Managers and Registrar
| Navigant Corporate Advisors Ltd | einward@karvy.com |
| Registrar | Karvy Computershare Pvt Ltd |
| sarthak@navigantcorp.com |
Ashok Masala Financial Information
| Financials | Amount (Crore) |
|---|---|
| No of months | N.A. |
| Turnover | N.A. |
| Net profit / (loss) | N.A. |
| Borrowings | N.A |
Contact Information
Address 184/188 Mandvi Chamber Hazrat, Abbas Road Samuel st. Chinchb. , Mumbai , Maharashtra , India Pin code : 400009
Tel – 91-22-23446871/23465315
Email – ashokmasalamart@gmail.com
Website – www.ashokmasalamart.com
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