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

Aspire & Innovative Advertising Limited IPO Subscription 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

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

RoNW

20.22%

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

About The Company

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.

The company's asset-light model incurs expenses for facilitation fees and commission paid to intermediaries. They provide services such as marketing, field staff interaction, demand collation, and financial services to customers in rural and semi-urban communities.

The company offers 50+ products, including cookware, electronics, and appliances such as pressure cookers, induction cooktops, mixer-grinders, dinner sets, sewing machines, fans, irons, bulbs, heaters, phones, TVs, refrigerators, washing machines, headphones, and solar lanterns.

The company has commercial arrangements with 15+ intermediaries and operates 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.

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.