Aspire & Innovative Advertising Limited deals in consumer durables, including kitchen appliances, home appliances, white goods, mobile phones and accessories, solar products, and more. The company deals 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 commissions paid to intermediaries. The company provides 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 IPO – Details
| IPO Opening Date | 26 March 2024 |
| IPO Closing Date | 28 March 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 40,68,000 Shares Worth ₹21.97 Crore Fresh Issue: 40,68,000 Shares Worth ₹21.97 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹51 – ₹54 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Aspire & Innovative IPO – Date Schedule
| IPO Open Date | 26 March 2024 |
| IPO Close Date | 28 March 2024 |
| Basis of Allotment | 01 April 2024 |
| Initiation of Refund | 02 April 2024 |
| Credit of Shares to Demat Account | 02 April 2024 |
| IPO Listing Date | 03 April 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 28, 2024 |
Aspire & Innovative IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 2000 | ₹1,08,000 |
| Retail (Maximum) | 1 | 2000 | ₹1,08,000 |
| HNI (Minimum) | 2 | 4000 | ₹2,16,000 |
Competitive Strengths
- Strong portfolio and diverse range of products across consumer preferences;
- Diversified revenue from multiple locations including rural and semi urban geographies of India;
- Quality Assurance ensuring standardized product quality;
- Network of Warehousing and Transportation Facilities across various geographies.
Company Promoters
- Nitesh Agarwalla
- Rinku Agarwalla
Object Of The Issue
- To meet Working Capital requirements; and
- To finance the cost of establishing new warehouses;
- General Corporate Purpose.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 108.33 | 105.12 | 2.27 | 0.55 |
| 31 March 2022 | 255.58 | 249.44 | 4.37 | 1.11 |
| 31 March 2023 | 346.20 | 339.00 | 5.30 | 8.81 |
| 30 September 2023 | 177.10 | 171.72 | 3.93 | 11.60 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 22.50% |
| ROCE | 18.59% |
| Debt/Equity | 0.6 |
| RoNW | 20.22% |
| P/BV | 3.09 |
| PAT Margin (%) | 2.23 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 4.78 | 5.18 |
| P/E (x) | 11.3 | 10.42 |
Aspire & Innovative IPO Promoter Holding
| Pre Issue Share Holding | 98.84% |
| Post Issue Share Holding | – |
Aspire & Innovative IPO Prospectus
Company Contact Information
| 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/ |
Aspire & Innovative IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
Aspire & Innovative IPO Lead Manager(s)
| 1. Hem Securities Limited |
Aspire & Innovative IPO FAQs
| What is Aspire & Innovative IPO? Aspire & Innovative IPO is a SME IPO. The issue is priced at ₹51 – ₹54 per equity share. The IPO is to be listed on NSE SME. |
| When Aspire & Innovative IPO will open? The IPO is to open on 26 March 2024 for QIB – 50%, NII – 15% and Retails – 35% Investors. |
| How to Aspire & Innovative IPO? You can apply for Aspire & Innovative IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Aspire & Innovative IPO through 5 Paisa? Log in to the 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Aspire & Innovative”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with 5 Paisa. |
| How to Apply the Aspire & Innovative IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Aspire & Innovative”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Aspire & Innovative IPO Size? Aspire & Innovative IPO size is ₹21.97 crores. |
| What is Aspire & Innovative IPO Price Band? Aspire & Innovative IPO Price Band is ₹51 – ₹54. |
| What is Aspire & Innovative IPO Minimum and Maximum Lot Size? The minimum bid is 2000 Shares with ₹1,08,000 amount while the maximum bid is 2000 shares with ₹1,08,000. |
| What is the Aspire & Innovative IPO Allotment Date? Aspire & Innovative IPO allotment date is 01 April 2024. |
| What is the Aspire & Innovative IPO Listing Date? Aspire & Innovative IPO listing date is 03 April 2024. The IPO is to list on NSE SME. |
