Aspire & Innovative Advertising Limited IPO
NSE SMEListed On: Apr 3, 2024 at ₹ 56.5
₹ 216000 /4000 Shares
*Min Investment
26 Mar, 2024
Open Date28 Mar, 2024
Close Date01 Apr, 2024
Allotment Date03 Apr, 2024
Listing DateAspire & Innovative Advertising Limited IPO Issue Details
- Issue Price ₹51-54 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 40,68,000 shares(aggregating up to ₹21.97 crore)
- Fresh Share 40,68,000 shares(aggregating up to ₹21.97 crore)
- Listing at NSE SME
- List Price 56.5
- Listing Date 2024-04-03
- Lead Manager Hem Securities Limited
- Registrar Bigshare Services Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2000 | ₹1,08,000 |
| Retail(max) | 1 | 2000 | ₹1,08,000 |
| NII (min) | 2 | 4,000 | ₹2,16,000 |
Aspire & Innovative Advertising Limited IPO Reservation
Aspire & Innovative Advertising Limited IPO offers total 4,068,000 shares. Out of which 774,000 (19.03%) allocated to QIB, 580,000 (14.26%) allocated to NII,1,354,000 (33.28%) allocated to RII, NA (NA%) allocated to employees and 1,156,000 (28.42%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1,156,000 (28.42%) | |
| Market Maker Shares Offered | 204,000 (5.01%) | |
| QIB Shares Offered | 774,000 (19.03%) | |
| NII (HNI) Shares Offered | 580,000 (14.26%) | |
| Retail Shares Offered | 1,354,000 (33.28%) | |
| Total Shares Offered | 4,068,000 (100%) |
Aspire & Innovative Advertising Limited IPO Details
Aspire & Innovative Advertising Limited IPO is an SME IPO, priced at ₹51-54 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 40,68,000 equity shares, aggregating up to ₹21.97 crores..
The IPO bidding window is open from Mar 26, 2024 to Mar 28, 2024. The allotment is expected to be finalized on Apr 1, 2024, and the tentative listing date is Apr 3, 2024.
The minimum lot size for Retail investors is 2000 shares, with a minimum investment of ₹1,08,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,16,000.
Hem Securities Limited is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Hem Finlease Private Limited will act as the market maker for this issue.
Aspire & Innovative Advertising Limited IPO Subscription Analysis And Details
| 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 |
Aspire & Innovative Advertising Limited Valuations
Aspire & Innovative Advertising Limited Company Financials
| 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 Aspire & Innovative Advertising Limited 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)
Nitesh Agarwalla
Rinku Agarwalla
Pre Issue Share Holding : 98.84%
Post Issue Share Holding : 72.35%
Aspire & Innovative Advertising Limited IPO - Issue Objectives
To meet Working Capital requirements
To finance the cost of establishing new warehouses
General Corporate Purpose.
Contact Details
Aspire & Innovative Advertising Limited
C-4 Baldev Park,Shahdara East Delhi -110051
+91-124-2213055
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
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. You can track the real-time subscription numbers using the links below:
Ans. The size of Aspire & Innovative Advertising Limited IPO is 4,068,000 shares(aggregating up to ₹21.97 Cr).
Ans. The Aspire & Innovative Advertising Limited IPO price band is set between ₹51-54 per equity share.
Ans. To apply for Aspire & Innovative Advertising Limited 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 Aspire & Innovative Advertising Limited IPO allotment status online.
