Aspire & Innovative Advertising Limited IPO

NSE SME

Listed On: Apr 3, 2024 at ₹ 56.5

₹ 108000 /2000 Shares

Check Allotment

Aspire & Innovative Advertising Limited IPO Details

26 Mar, 2024

Open Date

28 Mar, 2024

Close Date

01 Apr, 2024

Allotment Date

03 Apr, 2024

Listing Date

Issue Price

₹51-54 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Bigshare Services Pvt Ltd

List Price

56.5

Listing Date

2024-04-03

Market Lot

2000 Shares (₹108,000/-)

Lead Manager

Hem Securities Limited

Issue Size

4,068,000 shares(aggregating up to ₹21.97 Cr)

Retail Portion

35%

Subscription

15.17 times

IPO Docs

DRHP RHP

The IPO of Aspire & Innovative Advertising Limited is priced at ₹51-54 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on NSE SME. Bigshare Services Pvt Ltd is the registrar of the issue.

Aspire & Innovative Advertising Limited IPO bid opening date is from Mar 26, 2024 and the bid closing date was Mar 28, 2024.
Aspire & Innovative Advertising Limited IPO allotment result will be available on Apr 1, 2024. The tentative listing date for Aspire & Innovative Advertising Limited is Apr 3, 2024.

The total issue size is 4,068,000 shares(aggregating up to ₹21.97 Cr).

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	774,000 / 580,000	1,354,000	2,708,000
Day 1 - 26-03-24 06:00 PM	2.91 / 0.70 x	2.57 x	2.26 x
Day 2 - 27-03-24 06:00 PM	2.92 / 1.72 x	5.92 x	4.16 x
Day 3 - 28-03-24 06:00 PM	5.21 / 25.60 x	16.39 x	15.17 x

Total No. of Applications: 11,099 (Approx)

Aspire & Innovative Advertising Limited Valuations

EPS Pre IPO

₹4.78/-

EPS Post IPO

₹5.18/-

P/E Pre IPO

11.3

P/E Post IPO

10.42

ROE

22.50%

ROCE

18.59%

Debt/Equity

0.60

RoNW

20.22%

PAT Margin

2.23

Price to Book Value

3.09

Aspire & Innovative Advertising Limited Company Financials All values are in ₹ Lakh

	31-Mar-23	31-Mar-22	31-Mar-21
Assets	6,256.99	5,328.01	3,492.07
Revenue	34,620.10	25,558.30	10,833.44
Profit After Tax	530.85	437.36	227.75
Net Worth	1,551.25	1,020.39	520.98
Reserves & Surplus	1,440.15	909.29	519.98
Total Borrowing	881.53	111.02	55.91

About The Company

Aspire & Innovative Advertising Limited was established in the year 2017. It sells consumer durables, such as kitchen equipment, home appliances, white goods, mobile phones and accessories, solar products, and many more. It deals with some of the most renowned brands such as Bajaj, Prestige, Vivo, Samsung, Crompton, Whirlpool, Hindware, Havells, and many others.

In terms of the cost of the facilitation fees and intermediaries' commission, the company operates on the asset-light model. They undertake services like marketing, field staff interaction, collection of demand from the rural and semi-urban sectors, and all the financial services for the customer.

The firm provides 50+ products. The products that it offers range from cookware and electronics to home appliances like a pressure cooker, induction cooktop, mixer grinder, dinner sets, sewing machines, fans, irons, bulbs, heaters, mobile phones, televisions, refrigerators, washing machines, headphones, and solar lanterns.

The company has commercial agreements with more than 15 intermediaries and has 19 warehouses in 16 states.

As of November 30, 2023, the company has 49 full-time employees, including managers.

Aspire & Innovative Advertising Limited - Promoter(s)

Pre Issue Share Holding: 98.84%

Post Issue Share Holding: 72.35%

Company Promoter(s)

Nitesh Agarwalla
Rinku Agarwalla

Aspire & Innovative Advertising Limited IPO - Issue Objectives

To meet Working Capital requirements
To finance the cost of establishing new warehouses
General Corporate Purpose.

Other Details

Company Contact Details

Aspire & Innovative Advertising Limited

C-4 Baldev Park,Shahdara East Delhi -110051

Phone: +91-124-2213055

Email: cs@aspireinnovate.in

Website: https://www.aspireinnovate.in/

Registrar Contact Details

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Email: ipo@bigshareonline.com

Website: https://ipo.bigshareonline.com/ipo_status.html

Aspire & Innovative Advertising Limited IPO - FAQs

Ans. Aspire & Innovative Advertising Limited IPO is a SME IPO. The issue is priced at ₹51-54 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Mar 26, 2024, and closes on Mar 28, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Aspire & Innovative Advertising Limited IPO opens on Mar 26, 2024 and closes on Mar 28, 2024.

Ans. The size of Aspire & Innovative Advertising Limited IPO is 4,068,000 shares(aggregating up to ₹21.97 Cr).

Ans. The IPO price band is set between ₹51-54 per equity share.

Ans. To apply for Aspire & Innovative Advertising Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Aspire & Innovative Advertising Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Aspire & Innovative Advertising Limited IPO is Apr 1, 2024.

Ans. The Aspire & Innovative Advertising Limited IPO will be listed on Apr 3, 2024.

Ans. Follow the steps to check the allotment status for Aspire & Innovative Advertising Limited IPO here.