What does Ashapura Intimates Fashion Limited do?

Ashapura Intimates Fashion Limited is a Surat-based company engaged in manufacturing and marketing of intimate wear and innerwear products including lingerie, bras, briefs, and vests for men, women, and children under its own brand name.

Where is Ashapura Intimates Fashion Limited headquartered?

The company is headquartered in Surat, Gujarat, which is a major textile manufacturing hub in India.

When was Ashapura Intimates Fashion Limited incorporated?

The company was incorporated in 2013, as reflected in its CIN (L17299GJ2013PLC075121).

Is Ashapura Intimates Fashion Limited listed on a stock exchange?

No, the company is currently unlisted. Shares are traded on informal unlisted share platforms at approximately ₹9 per share.

Who are the competitors of Ashapura Intimates Fashion?

Key competitors in the Indian intimate wear market include Page Industries (Jockey licence), Lux Industries, Dollar Industries, Rupa & Company, and Lovable Lingerie.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for Ashapura Intimates Fashion Limited?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell Ashapura Intimates Fashion Limited shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

Ashapura Intimates Fashion Limited Unlisted Share Price | Buy Ashapura Intimates Fashion Limited Pre-IPO Shares — wisefolio

Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

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Ashapura Intimates Fashion Limited Unlisted Share Price | Buy Ashapura Intimates Fashion Limited Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

Ashapura Intimates Fashion Limited is a small Gujarat-based innerwear manufacturer operating in a structurally growing segment of India's apparel market. While long-term sector tailwinds are positive, the company's limited scale, low share price, and competition from national brands present significant challenges. Investors should conduct thorough due diligence given limited public financial disclosures.

Pros

Operates in India's fast-growing intimate wear segment, which is driven by rising disposable incomes and changing consumer preferences
Surat location offers proximity to Gujarat's textile manufacturing ecosystem, supporting cost-efficient production
Low unlisted share price of ₹9 implies a very accessible entry point for retail investors
India's innerwear market is estimated to be one of the largest apparel sub-segments, offering significant scale potential
Domestic-focused brand insulated from international trade disruptions

Cons

Highly competitive segment with large organised players like Page Industries (Jockey), Lux Industries, and Dollar Industries dominating market share
Small scale limits pricing power and distribution reach compared to national brands
Very low share price of ₹9 may indicate limited investor interest or financial stress
Limited public financial disclosures as an unlisted company
Brand awareness and retail reach lag significantly behind established national innerwear brands

Business Segments

Women's Intimate Wear

Manufacturing and sale of lingerie, bras, and women's innerwear products under the Ashapura brand

Men's Innerwear

Production and distribution of men's briefs, vests, and innerwear garments

Kids' Innerwear

Intimate wear and innerwear for children across age groups

Revenue Model

Ashapura Intimates Fashion generates revenue through manufacturing and selling intimate wear products to wholesale distributors, retail outlets, and through its own brand channels. Revenue is driven by volume sales in the domestic Indian innerwear market, with seasonal demand peaks around festive periods.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds11

Growth Plans

Growth of India's organised intimate wear market, especially in Tier 2 and Tier 3 cities

Increasing acceptance of branded innerwear in semi-urban and rural India

Potential partnerships or distribution tie-ups to expand retail reach

Export potential in South Asian and African markets

Industry Tailwinds

Recent Developments

India innerwear market growth

India's organised innerwear market continues to expand, driven by rising incomes, urbanisation, and increasing brand consciousness among consumers in Tier 2 and Tier 3 cities.

2024-01

Comparable Companies

CompanyTypeTickerMkt Cap

Page Industries (Jockey)ListedPAGEIND~40,000 Cr

Lux IndustriesListedLUXIND~2,500 Cr

Dollar IndustriesListedDOLLAR~1,200 Cr

Page Industries (Jockey)Listed

PAGEIND · ~40,000 Cr

Frequently Asked Questions

About Ashapura Intimates Fashion Limited

Ashapura Intimates Fashion Limited is a Surat-based apparel company specialising in the manufacture and retail of intimate wear, lingerie, and innerwear products for women and men. Incorporated in 2013, the company has rapidly scaled its operations to become a notable player in India's fast-growing innerwear segment, which has been driven by rising disposable incomes, increasing brand consciousness, and the growth of e-commerce. Ashapura operates under the brand name 'Ashapura' and sells through a combination of retail outlets, multi-brand stores, and online platforms across India. The company's manufacturing base is located in Gujarat, leveraging Surat's established textile ecosystem for sourcing fabrics and accessories. Ashapura's product range includes bras, briefs, shapewear, camisoles, thermal wear, and socks, targeting the mid-market consumer segment with a focus on comfort and value. The Indian intimate wear market is estimated at over Rs 30,000 crore and growing at approximately 12-15% annually, driven by a young demographic and increasing female workforce participation. The company has invested in brand building and distribution expansion, aiming to compete with established players such as Page Industries (Jockey), Lovable Lingerie, and Enamor.

Key Milestones

Incorporated in 2013 in Surat, Gujarat as a public limited company (CIN: L17299GJ2013PLC075121)

Established manufacturing and marketing operations for intimate wear and innerwear products

Common questions about unlisted shares

How do I buy Ashapura Intimates Fashion Limited unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?

Ashapura Intimates Fashion Limited

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