Apr 23, 2018

Ashapura Intimates Fashion Ltd - A readymade garment in Lounge wear category

Ashapura Intimates Fashion is a lounge wear company targeting youngsters in India. It is in comfortable clothing segment which can be used at home. It is also selling Sports wear.

It has many categories in comfortable wear. Lingerie, sportswear, leggings, and kids wear.

Ashapura Intimates is trading at CMP: Rs 476.

Issued 4 warrants of the face value of 2.7 Cr aggregating Rs 4 * 10.8 Cr in Oct 2017. At the price of Rs 405.

Sept 2017:
Company has launched new brand “Tricci” for men, toddler, and boys.

May 2017:
Opens exclusive brand outlet in Mumbai.

Feb 2018:
Ashapura Intimates Fashion is in process of opening of Exclusive Brand Outlet (EBO) on February 7, 2018 at Unit No 17-UB, Ground Floor, Kamla Nagar, Main Market, North Delhi, Delhi.

Momai Apparels Ltd was a BSE SME company and was a subsidiary of Ashapura Intimate fashions. Now, from qtr Dec 2017 result, both are merged.

In Dec 2017 result, result include Momai Apparels sales too.

Sales YoY increased by 2.1 times.
Sales QoQ increased by 1.5 times.

11.84% of shares are pledged.

Public own 22.65% of shares.

There are some big change in Shareholding recently.
In Sept 2017 - Promoters held 66.37%,
In Dec 2017 - Promoters held 54.27%,
In Mar 2018 - Promoters held 57.09%.

Today Apr 23, 2018, news came about a new store at Khar, Mumbai.
We are pleased to inform you that there is an Opening of Exclusive Brand Outlet store of our Company tomorrow i.e. 24th April, 2018 at Shop No. 2, Ground Floor, Shyam Kunj, 705, Linking Road, Opp. Khar Telephone Exchange, Khar (West), Mumbai - 400 052.
80% sales comes from female category and 20% from male category.
Loungewear and nightwear contribute 88% of sales.