Aspire & Innovative Advertising Limited IPO

Aspire & Innovative Advertising Limited is an NSE SME IPO listed on the NSE SME platform, priced at ₹51–₹54 per share. The stock debuted at ₹56.5, delivering a listing gain of 4.6%. The IPO had a lot size of ₹2000 shares and a minimum investment of ₹1,08,000.

Aspire & Innovative Advertising Limited IPO

NSE SME Listed
₹1,08,000 (2000 Shares)
Minimum Investment
Check Allotment
IPO Dates
Mar 26, 2024 – Mar 28, 2024
Price band
₹51-54 per equity share
Minimum Investment
₹1,08,000
Issue size
₹21.97 Cr
Lot size
2000
Allotment Date
Apr 1, 2024
Listing
Apr 3, 2024
Listing At
NSE SME

IPO timeline

  1. Mar 26, 2024

    Open Date

    Completed

  2. Mar 28, 2024

    Close Date

    Completed

  3. Apr 1, 2024

    Allotment Date

    Completed

  4. Apr 3, 2024

    Listing Date

    Completed

Aspire & Innovative Advertising Limited IPO Essentials

Aspire & Innovative Advertising Limited IPO Details

Aspire & Innovative Advertising Limited IPO is priced at ₹51-54 per share with a total issue size of 21.97 crore. The IPO has a lot size of 2000 shares and is listed on NSE SME.

Issue price
₹51-54 per equity share
Lot size
2000 shares
Face value
₹10 Per Equity Share
Issue size
4,068,000 shares(aggregating up to ₹21.97 Cr)
Total issue size
40,68,000 shares
(aggregating up to ₹21.97 crore)
Fresh issue
40,68,000 shares
(aggregating up to ₹21.97 crore)
Listing at
NSE SME
List price
56.5
Listing date
Registrar
Bigshare Services Pvt Ltd
Lead manager
Hem Securities Limited

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 Documents

Aspire & Innovative Advertising Limited IPO Reservation

Aspire & Innovative Advertising Limited IPO reservation details show category-wise allocation of shares. Out of the total 4,068,000 shares, approximately 19.03% are reserved for QIB, 14.26% for NII, 33.28% for retail investors, 5.01% for market maker, and 28.42% for 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 Analytics

Aspire & Innovative Advertising Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.

Aspire & Innovative Advertising Limited IPO Subscription Status

Aspire & Innovative Advertising Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.

The IPO subscription status indicates investor demand across categories.

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

Earnings

EPS Pre IPO
₹4.78/-
EPS Post IPO
₹5.18/-
P/E Pre IPO
11.3
P/E Post IPO
10.42

Returns

ROE
22.50%
ROCE
18.59%
RoNW
20.22%
PAT Margin
2.23

Fundamentals

Debt / Equity
0.60
Price / Book
3.09

Data sourced from DRHP / RHP • For educational purposes only

Aspire & Innovative Advertising Limited Financials( In Lakhs)

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

Aspire & Innovative Advertising Limited Company & Offer Insights

About Aspire & Innovative Advertising Limited

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 are the company's promoters of Aspire & Innovative Advertising Limited.

Aspire & Innovative Advertising Limited IPO Issue Objectives

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

Contact Information

Contact Details

Aspire & Innovative Advertising Limited

+91-124-2213055

cs@aspireinnovate.in

https://www.aspireinnovate.in/

C-4 Baldev Park,Shahdara East Delhi -110051

Registrar Contact Details

Bigshare Services Pvt Ltd

+91-22-6263 8200

ipo@bigshareonline.com

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

Frequently Asked Questions

Click any question to reveal the answer

Aspire & Innovative Advertising Limited IPO is a book-built IPO worth ₹21.97 crore. The price band is ₹51–₹54 per share. The IPO opens on Mar 26, 2024 and closes on Mar 28, 2024. It will be listed on NSE SME Platform. Bigshare Services Pvt Ltd is the registrar.

The price band of Aspire & Innovative Advertising Limited IPO is ₹51 to ₹54 per share.

The lot size of Aspire & Innovative Advertising Limited IPO is 2000 shares.

The minimum investment for Aspire & Innovative Advertising Limited IPO is approximately ₹1,08,000 based on the upper price band .

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

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

Aspire & Innovative Advertising Limited IPO is expected to be listed on Apr 3, 2024, on NSE SME Platform.

Aspire & Innovative Advertising Limited IPO valuation snapshot: P/E 10.42, EPS ₹5.18/-, P/B 3.09, RoNW 20.22%, and market cap N/A.

To apply for Aspire & Innovative Advertising Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.

You can check the live subscription status of Aspire & Innovative Advertising Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.

Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.

If you pre-apply for Aspire & Innovative Advertising Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.

You can check Aspire & Innovative Advertising Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Aspire & Innovative Advertising Limited IPO allotment status on IPO Ji for quick and easy access.