Aspire & Innovative Advertising Limited IPO is an NSE SME IPO. They are going to raise ₹21.97 Crores via IPO. The issue is priced at ₹51 to ₹54 per equity share. The IPO is to be listed on NSE.
Aspire & Innovative Advertising Limited IPO opens for subscription on March 26, 2024, and closes on March 28, 2024. The allotment for the Aspire & Innovative Advertising Limited IPO is expected to be finalized on April 01, 2024. Aspire & Innovative Advertising Limited IPO will list on NSE SME with tentative listing date fixed as April 03, 2024.
| IPO Details | allotment |
| Minimum Investment ₹108,000 /1 Lot (2000 shares) | Price Range ₹51-₹54 | |
| Max Quantity 1 Lots/2000 Shares | Max Investment ₹108,000 | Retail Discount ₹0 |
| Investor category and subcategory Individual- HNI & Retail | Issue Size 21.97 Cr | Employee Discount ₹0 |
| Total Issue Size 4,068,000 Shares (aggregating up to ₹21,97 Cr) | Share Holding Pree Issue 11,110,000 | Issue Type Book Built Issue IPO |
| Fresh Issue Share 4,068,000 Shares (aggregating up to ₹21.97 Cr) | Share Holding Post Issue 15,178,000 | Listing At NSE SME |
| Market Maker Portion 204,000 Shares (Hem Finlease) | Face value ₹10 pr share. |
IPO Dates
| Offer Starts | 26 March 2024 |
| Offer Ends | 28 March 2024 |
| Allotment | 01 April 2024 |
| Refunds | 02 April 2024 |
| Credit of shares to Demat account | 02 April 2024 |
| IPO Listing | 03 April 2024 |
About Aspire & Innovative Advertising Limited
Founded in 2017, Aspire & Innovative Advertising Limited deals in consumer durables, including kitchen appliances, home appliances, white goods, mobile phones and accessories, solar products, and more. They deal in products from renowned brands such as Bajaj, Prestige, Vivo, Samsung, Crompton, Whirlpool, Hindware, Havells, and many others.
Aspire & Innovative is engaged in the business of trading of wide range of consumer durables like kitchen appliances, home appliances, white goods, mobile phones and their accessories, solar products, etc. of multiple renowned brands such as Bajaj, Prestige, Vivo, Samsung, Crompton, Whirlpool, Hindware, Havells and many more. Their range of products is offered at different price points to meet diverse customer requirements across India along with delivery of products mainly in the rural and semi-urban areas. They provide one platform that brings multiple brands under one umbrella to fulfill the requirements of the customer thus, improving their lifestyles.
| Founded in | Managing Director |
| 2017 | Mr. |
Share Holding
The promoters of the company are Nitesh Agarwalla and Rinku Agarwalla.
| Share Holding Pre-Issue | 98.84% |
| Share Holding Post-Issue | 72.35% |
Aspire & Innovative Advertising Limited IPO Prospectus
| Aspire & Innovative Advertising Limited IPO Prospectus | |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
Financials
| Year | 2023 | 2022 | 2021 |
| Revenue | ₹34,620.10 | ₹25,558.30 | ₹10,833.44 |
| Assets | ₹6,256.99 | ₹5,328.01 | ₹3,492.07 |
| Profit | ₹530.85 | ₹437.36 | ₹227.75 |
| values are in ₹. Lakhs |
Fundamentals
Company’s key performance indicators
| Values | Values | ||
| Market cap | 81.96 Cr | ROE | 22.50% |
| P/E (X) | 11.3 | ROCE | 18.59% |
| POST P/E (X) | 10.42 | EPS | 4.78 |
| Debt to Equity | 0.6 | RONW | 20.22% |
Objects of the Issue
The Objects of the company is to raise funds for:
- To meet Working Capital requirements.
- To finance the cost of establishing new warehouses.
- General Corporate Purpose.
Brokerage Firm IPO Review
- To be updated soon
| Aspire & Innovative Advertising Limited Contact Details | |
| Address | Aspire & Innovative Advertising Limited C-4 Baldev Park Shahdara East Delhi -110051, |
| Phone: | +91-124-2213055 |
| cs@aspireinnovate.in | |
| Website | https://www.aspireinnovate.in/ |
| Aspire & Innovative Advertising Limited IPO Registrar | |
| . | Bigshare Services Pvt Ltd |
| Phone | +91-22-6263 8200 |
| ipo@bigshareonline.com | |
| Website | http://www.bigshareonline.com |
| Aspire & Innovative Advertising Limited IPO Allotment Status Check |
| Aspire & Innovative Advertising Limited IPO Allotment Status Check Click Here |
| Aspire & Innovative Advertising Limited Lead Managers | |
| Hem Securities Limited 904, A wing, 9th Floor, Naman Midtown, Senapati bapat marg, Elphinstone road, Lower Parel, Mumbai 400 013 | |
| Phone | +91 22 49060000 |
| ipoinfo@hemonline.com | |
| Website | https://www.hemsecurities.com |
Aspire & Innovative Advertising Limited IPO FAQs
What is Aspire & Innovative Advertising Limited IPO?
- Aspire & Innovative Advertising Limited IPO is an NSE SME IPO. They are going to raise ₹21.97 Crores via IPO. The issue is priced at ₹51 to ₹54 per equity share. The IPO is to be listed on NSE.
- The IPO opens on March 26, 2024, and closes on March 28, 2024.
When Aspire & Innovative Advertising Limited IPO will open?
- The IPO is to open on March 26, 2024, for QIB, NII, and Retail Investors. and closes on March 28, 2024
What is Aspire & Innovative Advertising Limited IPO Investors Portion?
- The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
What is Aspire & Innovative Advertising Limited IPO Size?
- Aspire & Innovative Advertising Limited IPO size is ₹18.14 crores.
What is Aspire & Innovative Advertising Limited IPO Price Band?
- Aspire & Innovative Advertising Limited IPO Price Band is ₹51 to ₹54 per equity share.
What is Aspire & Innovative Advertising Limited IPO Minimum and Maximum Lot Size?
- The IPO bid is Minimum 1 Lot (2000 Shares) with ₹108,000. and Maximum Lot Size 1 Lots (2000 Shares) with ₹108,000
What is Aspire & Innovative Advertising Limited IPO Allotment Date?
- Aspire & Innovative Advertising Limited IPO allotment date is April 01, 2024.
What is Aspire & Innovative Advertising Limited IPO Listing Date?
- Aspire & Innovative Advertising Limited IPO listing date is April 03, 2024. The IPO to list on NSE.