SME IPO_Ashok Masala Mart Limited

SME IPO : Ashok Masala Mart Limited

Issue Opens:  7th Aug. 2017

Issue Closes: 11th Aug. 2017

Issue Price: Rs 10/-

Lot size: 10000 shares

Issue size: Rs 2.01 crore

Platform : BSE SME

Lead Managers: Navigant Corporate Advisors Limited

Registrar: Karvy Computershare Private Limited


  1. Ashok Chothani
  2. Neeraj Chothani
  3. Sunil Chothani


  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

Profile: We have started our progressive journey in 1975, when Mr. Shivji Chothani laid the foundation of our company in the year 1975 as a sole proprietary concern namely “M/s. Ashok Masala Mart” in Mumbai. He began with himself sourcing of raw material and grinding and blending of spices and selling them in retail market. After completion of successful journey of 38 years, we have been established as a limited company to increase the spectrum and volume of operations.

We are presently engaged into manufacturing and supplying of blended spices, whole spices and grinded spices.

We have been supplying the traditional and delectable range of spices. We are committed to manufacture and
supply different types of spices, meeting highest quality standards in line with customer requirements.

We have two brands “APPU MASALA” & “GAYATRI MASALA” with more than 30 types of Spices and Masalas
including instant mix range such as 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. We are positioned as professional and built a reliable
reputation within Maharashtra’s spices arena.


16-17 15-16 14-15 13-14
Total Assets 471.24 245.57 346.53 24.74
Total Reveue 838.66 287.82 387.39 3
PAT 12.13 3.48 3.33 1.27


EPS: 0.59

P/E @ share issued: 16.95

RoNW: 3.55%

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